Topic Alberta
Insurers can deny entire claim for fraud, not just the fraudulent part, court affirms
February 13, 2023 by David GambrillIf an auto insurance claimant fraudulently applies for accident benefits payments arising out of a crash, the insurer can deny the entire auto claim, not just the fraudulent part of the claim, the Alberta Court of Appeal has confirmed. In…
How telematics may help Alberta truckers’ rates
February 9, 2023 by Philip PoradoWith an eye toward improving driving habits, Facility Association (FA) announced the launch of a telematics program for truck drivers in Alberta, effective May 1, 2023. It said the program’s objective is to help drivers and operators correct poor driving…
Alberta’s energy regulator orders company to fix months-old oilsands seepage
February 8, 2023 by The Canadian PressAlberta’s energy regulator has given Imperial Oil until the end of the month to figure out a way to fix ongoing seepage at a tailings pond at its Kearl oilsands mine. The Alberta Energy Regulator says a pond on the…
BrokerLink’s first deal of 2023
February 7, 2023 by David GambrillAlberta-based Myrnam Insurance Ltd. is BrokerLink’s first acquisition of 2023. The deal expands BrokerLink’s presence in St. Paul, Alta., and surrounding areas. As a fourth-generation, family-owned business, Myrnam Insurance has been providing auto, property, business and farm insurance across Alberta…
Extension covering “influx of water” trumps broad form flood exclusion
February 6, 2023 by David GambrillA 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.,…
Review of oilsands cleanup funding program needs public input, says Alberta NDP
January 30, 2023 by Bob Weber - THE CANADIAN PRESSEDMONTON – 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…
What’s next for Wawanesa after senior executive shuffle?
January 30, 2023 by Jason ContantAs 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…
Alberta UCP announces auto rate freeze
January 26, 2023 by Alyssa DiSabatinoAlberta’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…
Wawanesa appoints two industry veterans to new leadership roles
January 26, 2023 by Jason ContantWawanesa 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…
Where 2022 tallies for insured damages in Canada
January 18, 2023 by Canadian Underwriter StaffSevere 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…
Industry veteran joins Westland following acquisition
January 13, 2023 by Jason ContantIndustry 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…
How an Alberta election may impact decisions on captive insurance
January 12, 2023 by Philip PoradoCompanies 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…