Topic Alberta
Westland widens Ontario footprint with new acquisitions
June 7, 2023 by Alyssa DiSabatinoWestland Insurance has acquired two Ontario-based brokerages, MYCOR Insurance Solutions Inc. and Murphy Insurance Services Inc., further expanding its fleet in the province. The acquisitions, effective June 1, will enable Westland to continue growing in Canada, “both organically and through…
Will this be the worst wildfire season Canada has ever seen?
June 6, 2023 by Mia Rabson - THE CANADIAN PRESSOTTAWA – This is on track to be the worst fire season Canada has ever seen and the risk of wildfires will remain well above average in most of the country throughout the summer, the federal government warned Monday. At…
After Alberta election, what’s next for auto insurance?
May 30, 2023 by Alyssa DiSabatinoWith the United Conservative Party’s Danielle Smith re-elected as Alberta premier, the industry is hoping for both long- and short-term solutions to the auto issue, especially since the province’s “rate pause” makes it harder for drivers to secure coverage and…
BrokerLink president shares thoughts on brokerage M&A
May 24, 2023 by Jason ContantBrokerLink still sees plenty of M&A opportunities in provinces where it currently operates and doesn’t have any immediate plans to expand into new geographic areas, the brokerage’s president told Canadian Underwriter in an interview Tuesday. BrokerLink is focusing its resources…
Navacord announces its biggest deal yet
May 24, 2023 by David GambrillNavacord has invested heavily into its wealth management and group benefits capabilities, acquiring RWAM Insurance Administrators Inc and Programmed Insurance Brokers (PIB) Inc. “As Navacord’s largest transaction to date, the partnerships with RWAM and Programmed Insurance Brokers Inc. underscore Navacord’s…
Losses adjusters don’t want to see from Alberta wildfires
May 24, 2023 by Alyssa DiSabatinoWith wildfires raging on across Alberta and the west, adjusters are hoping the fires stay remote and spare populous areas from catastrophic losses. “We are seeing some claims and anticipate seeing many more as dangerous conditions persist,” Patricia (P.J.) Davis,…
Rain could slow down record-breaking Alberta wildfires, officials say
May 23, 2023 by Rob Drinkwater - THE CANADIAN PRESSEDMONTON – Light rainfall and cooler temperatures slowed down wildfire activity in Alberta over the long weekend and more rain that’s in the forecast may help firefighters catch a breath during a record-breaking season of fires. “This could be a…
Emissions from wildfires hit record high as climate change drives fire threat
May 19, 2023 by The Canadian PressOTTAWA – Emissions from wildfires hit a new record in 2021 as the blazes that raged in Western Canada and Ontario produced more greenhouse gases than the oil and gas sector and heavy industry combined. Canada’s forests are relied on…
Some residents return home two weeks after Alberta wildfire evacuation
May 18, 2023 by Kelly Geraldine Malone and Angela Amato - THE CANADIAN PRESSThe mayor of a west-central Alberta town said it was emotional to return home nearly two weeks after an out-of-control wildfire forced residents to flee, but thousands elsewhere remain on edge as scores of fires continue to rage across much…
What’s behind Lloyd Sadd’s latest brokerage deal
May 16, 2023 by Alyssa DiSabatinoNavacord founding partner Lloyd Sadd Insurance Brokers has acquired northern Alberta’s Casey Insurance, effective Apr. 1. Casey Insurance is a full-service brokerage offering home, auto and business insurance solutions to clients within the region of Peace River, Alta., and…
How theft and Alberta’s rate pause affected Definity’s auto portfolio
May 16, 2023 by David GambrillAuto theft, inflation, and increased claims frequency due to traffic returning to pre-pandemic levels all contributed to pushing Definity’s combined ratio in personal auto up to 100.9% in 2023 Q1, company executives reported in the company’s earnings call last week.…
Alberta regulator says Imperial Oil faces more water problems at oilsands mine
May 12, 2023 by Bob Weber - THE CANADIAN PRESSThe Alberta Energy Regulator has warned Imperial Oil about more wastewater problems at its Kearl oilsands mine in northern Alberta. The regulator has issued a notice of non-compliance to the company after chemicals associated with oilsands tailings were found at…