Canadian Underwriter

Topic Alberta

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News AlbertaB.C.BrokersCommercialManagementOperations

Large brokerage makes fourth acquisition in 2022 

February 18, 2022 by Jason Contant

Navacord Corp. is expanding its reach in northern Alberta with the addition of Stone Insurance Brokers.  Based in Manning, Alta., Stone Insurance Brokers services clients across northern Alberta and British Columbia, specializing in forestry, farming, transportation and oil and gas. 

News AlbertaB.C.EnvironmentalProperty

Indigenous non-profit looks to acquire ownership of Trans Mountain Pipeline

January 24, 2022 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – A new Indigenous non-profit organization is seeking an ownership stake in the Trans Mountain Pipeline, saying its aim is to make sure communities along the pipeline’s route receive its benefits directly. Nesika Services publicly launched Monday, calling itself

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News AlbertaB.C.BrokersCatastrophesPersonal HomeProperty

Behind the hard-hit condo insurance market in B.C. and Alberta

January 20, 2022 by Jason Contant

Wood frame construction for stratas, increased building material costs, and earthquake exposure in British Columbia contributed to the skyrocketing condo insurance premiums that hard market sector saw over the past few years, an Aon executive says. “There’s a lot more

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News AlbertaB.C.ClaimsInsurersLoss TrendsPersonal Home

Signs for optimism in the condo insurance market?

January 18, 2022 by Jason Contant

Condo insurance premiums in Canada appear to be stabilizing following years of premium and deductible increases. “You should see some flattening, maybe some tapering, in some insurance rates in this sector in the near future for most good risks and

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News AlbertaB.C.BrokersClaimsInsurersLegalLiabilityPersonal Auto

Court gets tough in $10-million “emotional distress” case

January 12, 2022 by David Gambrill

Canadian courts are starting to get tough on potentially vexatious claimants, including insurance claimants, as seen in a Jan. 7 decision by the Court of Queen’s Bench in Alberta. In Sun v. Allwest Insurance Services, the Alberta court referred to

News AlbertaEmerging RisksInsurers

How Alberta’s new captives act will benefit oil and gas companies

January 12, 2022 by Philip Porado

Alberta could become Canada’s answer to Barbados, with the passage of a new law allowing captive insurance companies in the province. Bill 76, which received royal assent, will make Alberta the second Canadian province where captive insurance companies can domicile.

News AlbertaBrokersCommercialCommercial AutoMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal Home

Westland acquires brokerages in Ontario, Alberta

January 7, 2022 by Jason Contant

Westland Insurance has announced its first brokerage acquisitions of 2022 — Bunnell Hitchon Insurance Brokers in Ontario, and Rigby Insurance in Alberta. Bunnell Hitchon, in Brantford and Milton, Ont., was founded in 1890 and offers a wide range of personal

News AlbertaB.C.CatastrophesNewfoundland & LabradorOntarioQuebec

Heat dome, flooding, drought: A list of Canada’s Top 10 weather events in 2021

December 29, 2021 by The Canadian Press

Dave Phillips, senior climatologist with Environment Canada, has been compiling a Top 10 list of Canada’s weather events for more than two decades. Here are his picks for 2021:   Heat dome in Western Canada: At the end of June,

News AlbertaBrokersCommercialManitobaMergers and AqcuisitionsOperationsPersonal AutoPersonal HomeSaskatchewan

Westland’s acquisition spree continues

December 10, 2021 by Jason Contant

Large independent Canadian-owned brokerage Westland Insurance Group Ltd. continues its acquisitions of western Canadian brokerages with the purchase of Reider Insurance.  Westland announced Dec. 7 the acquisition of Reider Insurance in Winnipeg. It follows the acquisitions of Church Eaton Insurance of Calgary and

News AlbertaCommercialEnvironmentalSupply Chain

Canada on track to reduce fossil fuel use by 62% by 2050

December 10, 2021 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – A new forecast says Canada is on track for a significant reduction in fossil fuel use by 2050, even as electricity demand grows and demand for crude oil continues. In a new report on long-term Canadian energy supply

News AlbertaInsurersLegalOntarioPersonal AutoTechnologyTrending

Here are the latest trends in insurance fraud

December 8, 2021 by Jason Contant

“Re-vinning” of stolen vehicles — where thieves steal a vehicle, put what appears to be a legitimate vehicle identification number (VIN) on the front dash and then sell it to an unsuspecting customer — is increasing as a fraud trend,

News AlbertaCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss TrendsPropertySupply Chain

These socioeconomic factors are driving up property claims

December 7, 2021 by Greg Meckbach

Urbanization, the increasing popularity of solar panels and a greater awareness of what is covered insurance are among the factors driving an escalation of insured property losses, a speaker suggested at last week’s CatIQ Connect conference. “Urbanization means that we