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Grasshopper infestation affecting Prairie agriculture sector

August 11, 2021 by Brittany Hobson - THE CANADIAN PRESS

A pattern of dry, hot weather across the Prairies over the past few years has resulted in a grasshopper infestation of epic proportions, with some experts saying the nuisance is negatively affecting every part of the agriculture industry. For several

News AlbertaBrokersCommercialMergers and AqcuisitionsNewfoundland & LabradorNova ScotiaOntarioOperationsPersonal AutoPersonal Home

BrokerLink doubles size in Atlantic Canada, buys brokerages in Ontario and Alberta

August 9, 2021 by Jason Contant

BrokerLink has doubled its presence in Atlantic Canada and is now one of the largest brokerages on the east coast following its acquisition of Archway Insurance and South Coast Insurance Agency Limited. BrokerLink, a subsidiary of Intact Financial Corporation, announced

News AlbertaCatastrophesClaimsInsurersPersonal HomeProperty

July hailstorm in Calgary caused $247 million in insured damage: CatIQ

August 6, 2021 by Canadian Underwriter Staff

A massive hailstorm that hit Calgary on July 2 caused $247 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). Hail, rain and wind damage from the severe storm resulted in extensive flooding of

News AlbertaB.C.InsurersLoss ControlLoss TrendsOntarioPersonal Home

Home insurance rates dropping but no reprieve for condo owners

July 28, 2021 by Jason Contant

Personal property premiums were a mixed bag in the first quarter of 2021, with insurance for condo owners continuing to rise, but home insurance rates trending down, according to a new report from LowestRates.ca released Tuesday. Year-over-year, home insurance premiums

News AlbertaB.C.BrokersClaimsClaims Canada ArchiveCommercial AutoInsurersLegalManagementNew BrunswickNewfoundland & LabradorNova ScotiaOntarioOperationsP.E.I.Personal AutoTechnology

Why many brokers need to change their auto quoting process

July 28, 2021 by Greg Meckbach

Many brokerages that use AutoPlus to obtain auto insurance quotes will likely have to change their processes over the next couple of months. AutoPlus’s vendor, CGI Group Inc., will start updating that online database product Aug. 13, says the Insurance

Alberta drought
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Severe drought expected to cost Alberta $1 billion in insurance payouts

July 23, 2021 by Jason Contant

Crop insurance payouts in Alberta will likely reach about $1 billion later this year due to hot, dry weather that is contributing to severe drought conditions, Alberta’s Minister of Agriculture and Forestry said Thursday. “This year’s crop insurance claims will

The small town of Okotoks was hit hard by the June floods of 2013, with the river valley rushing and raging through wiping out pedestrian bridges, campgrounds, river banks and pathways.
News AlbertaCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss ControlLoss TrendsOntarioPersonal HomeProperty

Why your clients may not have the high ground on overland flood risk

July 19, 2021 by Greg Meckbach

Many homeowners opt not to buy overland flood coverage and this could leave them uninsured in the event of a severe rain storm. “Overland flooding is any water that comes into your house through the windows or door or anything

News AlbertaClaimsCommercialEnvironmentalManitobaSaskatchewanSupply Chain

Drought ravages crops and pastures across the Prairies

July 19, 2021 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – Farmers are calling for emergency disaster relief as drought ravages crops and pastures across the Prairie provinces and beyond. Scorching temperatures and little to no rainfall have left crops in poor condition across wide swaths of Alberta, Saskatchewan

News AlbertaBrokersLegalPersonal Auto

Auto dealer penalized for use of insurer’s internet quoting system

July 16, 2021 by David Gambrill

Alberta’s broker regulator has issued an $8,000 civil penalty against an auto dealership, Avenue Motors Ltd., after an insurance company complained about alleged misuse of the insurer’s online quote generator by the dealership’s employees. The dealership holds a Restricted Corporate

robot hand touching human hand
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Westland buys two digital brokerages

July 8, 2021 by David Gambrill

Westland Insurance has acquired two digital brokerages in a move intended to expand its tech offerings to brokers, renters, and homeowners. In the first of two deals announced Thursday, Agile Underwriting Solutions, owned by Westland, has acquired managing general agency

News AlbertaBrokersManagementMergers and AqcuisitionsNew BrunswickNewfoundland & LabradorNova ScotiaOntarioOperationsP.E.I.

BrokerLink’s take on the surging demand for brokerage M&A

June 30, 2021 by Jason Contant

EDITOR’S NOTE:  This article has been corrected to show that BrokerLink has over $2 billion of written premiums. A previous version of this article icorrectly stated the Intact subsidiary had more than $2.5 billion in premium overall, about $700 of

2013 flooding in Calgary
News AlbertaCatastrophesEmerging RisksPersonal Home

Reservoir to protect Calgary from floods gets approval

June 24, 2021 by The Canadian Press

EDMONTON – The Natural Resources Conservation Board has approved a controversial reservoir that could protect Calgary from future flooding, ruling that it’s in the public interest. Alberta Transportation proposed the $432-million off-stream reservoir near the rural community of Springbank, Alta.,