Topic Alberta
Home-sharing app specifically for insurance to go national
June 28, 2023 by David GambrillTens of thousands of Canadians have been forced to evacuate because of an active wildfire season, and a new home-sharing digital platform dedicated to insurance is expanding nationally to help adjusters find temporary accommodations for insureds whose homes have been…
McDougall expands into Alberta through M&A
June 14, 2023 by David GambrillWith McDougall Insurance Brokers now within the Definity fold, the brokerage has made a splash in the merger game, cutting a deal to acquire Alberta-based Drayden Insurance. McDougall announced it has entered into a definitive agreement to acquire 100% of…
Canada is experiencing its ‘worst wildfire season of the 21st century’: Blair
June 13, 2023 by The Canadian PressCanada is experiencing its worst wildfire season of the 21st century. Emergency Preparedness Minister Bill Blair announced the grim milestone Monday, saying more than 47,000 square kilometres have burned so far this year, with 431 wildfires currently burning across Canada. …
Here’s what adjuster capacity is like for Canada’s wildfires
June 12, 2023 by Alyssa DiSabatinoFirefighters and other first responders have been stretched thin while battling an unprecedented wildfire season in Canada, and such may be the case for claims adjuster capacity as well. Across the industry, it’s a mixed bag of how quickly adjusters…
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…