Canadian Underwriter

Topic Alberta

Picture of a business man smiling underwater, his business flooded
News AlbertaCatastrophesClaimsCommercialInsurersLegal

Extension covering “influx of water” trumps broad form flood exclusion

February 6, 2023 by David Gambrill

A commercial property policy extension granting coverage for an “influx of water derived from natural sources” trumps a policy’s broad form flood exclusion, Alberta’s Appeal Court has found in a 2-1 split decision. A bowling alley in Fort McMurray, Alta.,

Alberta's NDP is criticizing a governmental review of a program that's supposed to ensure oilsands companies can clean up their mines.
News AlbertaEmerging RisksEnvironmentalLiability

Review of oilsands cleanup funding program needs public input, says Alberta NDP

January 30, 2023 by Bob Weber - THE CANADIAN PRESS

EDMONTON – Alberta’s New Democrat Opposition says a government review of the program that’s supposed to ensure oilsands companies can clean up their mines was conducted too privately and should have been done in public.   Environment critic Marlin Schmidt

Looking to the future concept
News AlbertaB.C.BrokersCommercialHRInsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioOperationsP.E.I.QuebecSaskatchewan

What’s next for Wawanesa after senior executive shuffle?

January 30, 2023 by Jason Contant

As Wawanesa Mutual Insurance Company changes its leadership structure with the appointment of three industry professionals to more senior leadership roles, industry veteran Carol Jardine — currently the insurer’s president of Canadian P&C operations — is also set to retire

Toy auto cars in front of differing stacks of coins
News AlbertaBrokersCommercial AutoInsurersPersonal AutoProperty

Alberta UCP announces auto rate freeze

January 26, 2023 by Alyssa DiSabatino

Alberta’s United Conservative Party announced today an auto insurance rate freeze until the end of 2023, and insurer and broker associations alike are calling this decision “disappointing” and “not the best option” for consumers.  The government is also requiring insurance

Conference table close-up
News AlbertaB.C.BrokersHRInsurersManagementManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioOperationsP.E.I.QuebecSaskatchewan

Wawanesa appoints two industry veterans to new leadership roles

January 26, 2023 by Jason Contant

Wawanesa Mutual Insurance Company has changed the leadership structure of its Canadian operations with the appointment of industry professionals Anna McCrindell and Graham Haigh to senior vice president and chief operating officer roles. As SVP & COO – East, McCrindell

Power lines in Ottawa knocked out by the May 22 derecho storm
News AlbertaB.C.CatastrophesClaimsEmerging RisksEnvironmentalInsurersLoss TrendsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.Personal AutoPersonal HomePropertyQuebecSaskatchewanYukon

Where 2022 tallies for insured damages in Canada

January 18, 2023 by Canadian Underwriter Staff

Severe weather events in 2022 gave Canada its third worst year for insured damage in the country’s history. Insured damage for severe weather events across Canada hit $3.1 billion last year, the third-highest total of NatCat losses in the nation’s

Sealing the M&A deal with a handshake
News AlbertaB.C.BrokersCommercialManagementMergers and Aqcuisitions

Industry veteran joins Westland following acquisition

January 13, 2023 by Jason Contant

Industry veteran Doug Morrow has joined Westland Insurance as its new vice president of commercial insurance for Alberta, the brokerage announced earlier this week. Most recently president and CEO of Excel Insurance Group, Morrow joined Westland as vice president, commercial

Provincial flag of Alberta
News AlbertaB.C.BrokersCommercialConstructionInsurersLegalProperty

How an Alberta election may impact decisions on captive insurance

January 12, 2023 by Philip Porado

Companies looking at the benefits of setting up an Alberta captive insurance company appear to be taking a ‘wait-and-see approach’ with respect to tax treatment. At the moment, the province’s tax authorities have indicated captives will be treated the same

Stacks of coins increasing in size and a red car in the background
News AlbertaBrokersClaimsClaims ProfessionalsCommercial AutoInsurersPersonal Auto

What the Alberta NDP’s auto rate freeze would mean for insureds and insurers

January 11, 2023 by Alyssa DiSabatino

Alberta brokers and insurers believe a New Democratic Party proposal to freeze auto insurance rates won’t solely reduce auto premiums and will instead make it harder for drivers to obtain coverage, auto insurance experts tell Canadian Underwriter. A better solution

Two hands shaking over top of a city with puzzle pieces below
News AlbertaB.C.BrokersMergers and Aqcuisitions

This holding company’s first foray into Canadian P&C insurance

December 8, 2022 by David Gambrill

The Jim Pattison Group, a holding company that does $14-billion in business, has become a minority investor in Alberta-based brokerage HighStreet Insurance Group. The strategic investment marks the entry of the holding company into the Canadian P&C insurance space. Terms

A closeup of a seismograph machine needle drawing a red line on graph paper depicting seismic and earthquake activity - 3D render
News AlbertaEmerging RisksPersonal Home

Alberta’s largest-ever earthquake: Will it happen again?

December 8, 2022 by Jason Contant

A rare 5.6-magnitude earthquake that’s been reported as the largest ever recorded in Alberta could occur again, suggested Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction. Earthquakes Canada reported the moderate earthquake near the hamlet of Reno

Fayeanne Beattie
News AlbertaB.C.BrokersHROntario

Acera Insurance names industry vet as new CFO

December 7, 2022 by David Gambrill

Fayeanne Beattie is the new chief financial officer of Acera Insurance. She has more than 20 years of experience in the insurance industry in various roles, primarily in finance. Most recently she was the CFO of Gallagher Global Brokerage Americas,