Canadian Underwriter

Topic Alberta

News AlbertaB.C.BrokersManitobaMergers and AqcuisitionsOperations

Westland Insurance reveals its M&A strategy for the future

September 14, 2020 by Jason Contant

Fresh from closing four acquisitions in western Canada, large brokerage Westland Insurance Group plans to continue exploring opportunities in the west, as well as consider deals that would move the brokerage in a more easterly direction. Westland announced on Sept.

News AlbertaCatastrophesClaimsClaims Canada ArchivePersonal Home

How much these four Alberta cats cost insurers in 2020

September 10, 2020 by Greg Meckbach

Four Alberta catastrophes this year have cost insurers a grand total of about $2 billion, the Insurance Bureau of Canada confirmed this week. A hailstorm June 13, affecting mainly northeast Calgary, topped the list as it caused about $1.2 billion

News AdjustersAlbertaCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsLicensingPersonal HomeSupply Chain

Industry needs ‘to find a solution’ to this claims adjusting problem

September 9, 2020 by Greg Meckbach

Something needs to be done to make it easier to let Canadian claims adjusters work outside their home province in the event of a disaster, speakers suggested on a recent webinar. “It’s generally understood that it’s easier to bring U.S.

News AlbertaCatastrophesClaims

Extreme precipitation events have always occurred, but are they changing?

September 8, 2020 by Francis Zwiers, Director, Pacific Climate Impacts Consortium, University of Victoria and Ronald Stewart, Professor, Environment and Geography, University of Manitoba - THE CANADIAN PRESS

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site.   Extreme weather and climate events causing extensive damage are a

News AlbertaClaimsEnvironmentalLiability

Oilsands tailings ponds leaking; federal enforcement unclear: report  

September 4, 2020 by Bob Weber - THE CANADIAN PRESS

An international environmental watchdog says there’s convincing evidence that oilsands tailings ponds are leaking.   “There is strong scientifically valid evidence of … seepage into near-field groundwater around tailings ponds,” says a report from the Commission on Environmental Co-operation, a body

News AlbertaB.C.BrokersCommercialCommercial AutoManitobaPersonal AutoPersonal Home

Brokerage M&A activity surges amid pandemic

September 3, 2020 by Jason Contant

Brokerage consolidation has exploded, with at least six acquisitions announced across Canada in the past week. Most recently, large brokerage Westland Insurance Group  announced Wednesday the closing of four deals, adding new retail offices in British Columbia, Alberta and Manitoba.

News AlbertaBrokersCommercialMergers and AqcuisitionsOperationsPersonal AutoPersonal Home

Behind the scenes of Hub’s latest Canadian acquisition

September 2, 2020 by Jason Contant

Hub announced the acquisition of Grande Prairie, Alta.-based Elevate Insurance Brokers Wednesday. Elevate is a locally-owned, independent full-service brokerage that provides home, auto, recreational vehicle and business insurance. Elevate Insurance president Pierce Krol and partner Otilja Majewski will join Hub

News AdjustersAlbertaCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsLicensingLoss TrendsOperationsPersonal HomeProperty

Adjusting Calgary’s hailstorm: The rationale for bringing in U.S. Cat adjusters

August 28, 2020 by Greg Meckbach

During the hail storm this past June that damaged tens of thousands of Alberta homes, adjusting firm CRU Group struggled to find enough qualified independent catastrophe adjusters in Canada, and wound up resorting to bringing in people from the United

News AlbertaCommercial AutoEmerging RisksInsurersNova ScotiaOntarioQuebecTechnology

What is the future of ridesharing insurance in Canada?

August 27, 2020 by Jason Contant

Once autonomous vehicle technology becomes commercially feasible for public transportation, it will be widely adopted, predicts Obaid Rahman, vice president of commercial underwriting and specialty lines at Economical Insurance. “In my view, when autonomous technology is commercially viable for public

News AlbertaLegalLiability

Class-action lawsuit filed on behalf of passengers in fatal Alberta bus crash

August 25, 2020 by Bill Graveland -THE CANADIAN PRESS

CALGARY – A class-action lawsuit alleging the defendants acted recklessly and unreasonably has been filed against the operators of a tour bus involved in a fatal rollover at Jasper National Park’s Columbia Icefield. Three people were killed and 14 others

News AlbertaCommercial AutoInsurersNova ScotiaOntarioQuebecTechnology

How possible is a hybrid insurance model for the sharing economy?

August 24, 2020 by Jason Contant

Being able to distinguish between personal and commercial usage is one of the biggest unique differences with underwriting for the sharing economy, but the abundance of data available makes a hybrid insurance model possible, Economical Insurance said recently. “You can

News AlbertaCommercial AutoEmerging RisksInsurersNova ScotiaOntarioPersonal AutoQuebec

Economical to take over commercial ridesharing insurance coverage from Intact

August 21, 2020 by Jason Contant

Economical Insurance will replace Intact Insurance as the commercial auto insurer for Uber in four Canadian provinces effective Sept. 1. Waterloo, Ont.-based Economical announced Tuesday in a press release the “new and significant relationship with Uber in Canada, designed to