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Enbridge says Line 3 ‘substantially complete,’ will be in service on Friday

September 29, 2021 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – Enbridge Inc.’s Line 3 pipeline replacement project, a critical piece of export infrastructure for Canada’s energy sector, will be in service on Friday. The pipeline giant said Wednesday the 1,765-km Line 3 – which will carry oil from

News AlbertaCatastrophesClaimsInsurersPersonal AutoPersonal HomeSaskatchewan

Storms in Saskatchewan and Alberta cost $120 million: CatIQ

September 27, 2021 by Jason Contant

Two storms this summer across Saskatchewan and Alberta caused a total of $120 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). Severe storms beginning Aug. 31 brought flash flooding and large hail that

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For how long will condo insurance rates continue to climb?

September 20, 2021 by Jason Contant

Rising condo insurance premiums will continue at least through the first two quarters of 2022, according to LowestRates.ca’s latest Home Insurance Price Index. Condo insurance premiums are continuing to rise in Canada, sustaining a years-long increase, the rate comparison site

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New M&A deals involve Westland, Armour Group

September 9, 2021 by Jason Contant

After a brief lull in mergers and acquisitions activity, the Canadian P&C insurance space has seen a surge in recent announcements. Large Canadian-owned brokerage Westland Insurance Group Ltd. said on Tuesday it had acquired two Alberta brokerages: Riverstone Insurance in

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How the hail peril is changing

September 8, 2021 by Jason Contant

Once confined mostly to “hail alley” regions such as south and central Alberta, Texas and Colorado, hailstorms are now doing damage across North America in plenty of regions considered low-risk, says a new white paper from RIMS, the risk management

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Grocery store sticker shock hitting consumers as drought takes toll on crops

September 2, 2021 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – Canadians have started to pay more for groceries as severe drought drives up prices for agricultural commodities, and experts say more price hikes are likely this fall. At The Bon Ton Meat Market in Calgary, owner Greg Keller

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3 things that can reduce risk of property cat loss recurrence: Aviva Canada CEO

August 24, 2021 by Greg Meckbach

Fire resistant cement board siding, hail-resilient asphalt shingles and backwater valves are among the measures property owners can implement now to protect their assets from climate-related disasters, Aviva Canada CEO Jason Storah suggested Tuesday. “We have enough scientific data to

home insurance and mortgage
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Hub to acquire Aviva Canada subsidiary

August 24, 2021 by Jason Contant

Hub International Limited announced Tuesday it has signed a purchase agreement to acquire the Aviva Canada subsidiary that provides new home warranty in British Columbia and Alberta. The terms of the acquisition of National Home Warranty Group Inc. were not

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What independent brokers expect from insurers post-pandemic: Canadian Broker Network

August 19, 2021 by Canadian Underwriter Staff

As Canada emerges from the COVID-19 pandemic, independent brokers will place strategic alliances with insurers at the top of their expectations list, members of the Canadian Broker Network (CBN) said. “The pandemic has significantly increased the awareness and consideration for

News AlbertaCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsCommercialLoss ControlLoss TrendsNova ScotiaPropertyRisk Managers

Maritime farmers ship hay to drought-stricken Prairies

August 18, 2021 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – Farmers in the Maritimes are pitching in to help their drought-stricken Prairie counterparts facing a “devastating” situation. On his farm in the Annapolis valley north of Halifax on Tuesday, Tim Marsh was busy baling hay that will ship

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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