Topic Alberta
Largest recorded Alberta earthquake probably natural, scientist says
December 1, 2022 by Bob Weber - THE CANADIAN PRESSEDMONTON – The largest earthquake ever recorded in Alberta, which rattled homes and nerves Tuesday, was probably due to natural causes, says a geologist. Rebecca Salvage of the University of Calgary says the 5.6-magnitude quake that rumbled near Peace River…
Oil and gas drilling sector expects activity to pick up in 2023
November 25, 2022 by Amanda Stephenson - THE CANADIAN PRESSCALGARY – The organization representing Canada’s oil and gas drilling sector says it expects more activity in 2023, even as it continues to push the federal government for a new tax credit it says it needs to help the energy…
Why insurers should invest in genetically modified trees
November 22, 2022 by David GambrillInsurance companies should consider investing in genetically-modified, slow-burning trees to mitigate wildfire damage, according to a first-prize pitch at the WinterHack 2022: Design Thinking Ideathon. “We will be taking advantage of state-of-the-art biotechnology and building upon it to create a…
Will inflation stop Canadians from buying winter tires?
November 17, 2022 by Alyssa DiSabatinoEven when faced with the rising cost of living, 82% of Canada’s motorists believe investing in winter tires is important, said a new survey by the Tire and Rubber Association of Canada (TRAC). However, brokers will be interested to know…
Methane emissions underestimated, a growing number of reports suggest
November 16, 2022 by Bob Weber - THE CANADIAN PRESSAs the federal government moves to tighten regulations on methane emissions, new assessments suggest the amount of the potent greenhouse gas escaping into the atmosphere has been significantly underestimated. A recent survey of oil and gas facilities in Canada found…
Insurers can’t ask for leniency on time limits, but then enforce them on claimants
November 9, 2022 by David GambrillAn insurer involved in settlement negotiations can’t ask a claimant for leniency on time limits, but then demand the claimant adhere to strict limitation periods for serving a statement of claim, an Alberta court has ruled. The court thus granted…
BrokerLink starts the month with 3 new M&A deals
November 8, 2022 by Jason ContantBrokerLink continues to expand in Ontario and Alberta with the acquisition of three more brokerages in those provinces. The Intact Financial Corporation subsidiary acquired D.G. Smith Insurance Brokers and Teck Insurance Brokers Limited (both Ontario-based) and Robinson Insurance Centre of…
Aspiring brokerage owners share the biggest obstacles for ownership
November 8, 2022 by Alyssa DiSabatinoWhat’s the biggest barrier to brokerage ownership for the 30% of brokers who aspire to one-day buy their own firm? Financing, according to results from a Canadian Underwriter online survey. Of the 30% of broker respondents who want to own, exactly…
The best way to support young prospective broker owners
November 4, 2022 by Alyssa DiSabatinoMentorship and training are the best ways to support young brokers who aspire to senior leadership or brokerage ownership roles, say brokers responding to a Canadian Underwriter online survey. However, brokerage principals and their employees aren’t fully aligned on how…
Insurer ordered to pay rehab benefits to injured driver suffering post-accident “relapse”
November 1, 2022 by David GambrillSaskatchewan’s public auto insurer has been ordered to pay partial rehab benefits to an auto accident victim who suffered a relapse of his medical condition after initially showing “maximum medical improvement” following his accident, according to his doctors. The injured…
New CEO in 2023 for Westland Insurance
October 20, 2022 by Jason ContantJamie Lyons will become the president and CEO of Westland Insurance Group effective Jan. 1, 2023, the brokerage announced Thursday. Current CEO Jason Wubs will transition to the newly created role of vice chairman, head of mergers & acquisitions and…
Do you ‘occupy’ a car while hanging onto the window, trying to stop an auto theft?
October 19, 2022 by David GambrillIf you are hanging out the window of your car trying to stop a thief from stealing it, and you are injured while falling from the open window after being dragged for 40 feet, you are not an “occupant” of…