Topic Alberta
What’s behind Lloyd Sadd’s latest brokerage deal
May 16, 2023 by Alyssa DiSabatinoNavacord founding partner Lloyd Sadd Insurance Brokers has acquired northern Alberta’s Casey Insurance, effective Apr. 1. Casey Insurance is a full-service brokerage offering home, auto and business insurance solutions to clients within the region of Peace River, Alta., and…
How theft and Alberta’s rate pause affected Definity’s auto portfolio
May 16, 2023 by David GambrillAuto theft, inflation, and increased claims frequency due to traffic returning to pre-pandemic levels all contributed to pushing Definity’s combined ratio in personal auto up to 100.9% in 2023 Q1, company executives reported in the company’s earnings call last week.…
Alberta regulator says Imperial Oil faces more water problems at oilsands mine
May 12, 2023 by Bob Weber - THE CANADIAN PRESSThe Alberta Energy Regulator has warned Imperial Oil about more wastewater problems at its Kearl oilsands mine in northern Alberta. The regulator has issued a notice of non-compliance to the company after chemicals associated with oilsands tailings were found at…
Military help on the way to battle ‘unprecedented’ Alberta wildfires, Bill Blair says
May 11, 2023 by Bill Graveland - THE CANADIAN PRESSFederal Emergency Preparedness Minister Bill Blair says Canadian Forces personnel are being deployed to help with an “unprecedented” wildfire situation in Alberta. Alberta has declared a state of emergency. There were 82 active wildfires as of Thursday morning, with 23…
Fire danger continues to be ‘extreme’ in most parts of province: Alberta government
May 10, 2023 by The Canadian PressThe Alberta government says fire danger continues to be extreme in most of the province except the Rockies, where lower danger levels were expected. Some areas have experienced cooler temperatures and some rain, but the government says a return to…
What claims may come from the Alberta wildfires
May 8, 2023 by Alyssa DiSabatinoWhile it’s too early to estimate losses, Canada’s P&C industry is anticipating incoming property damage claims due to Alberta wildfires and insurers may have already begun to see claims from non-physical aspects of the policies, experts tell Canadian Underwriter. As…
Thousands ordered to leave Alberta town due to wildfire
May 5, 2023 by The Canadian PressDRAYTON VALLEY, Alta. – An out-of-control wildfire has caused thousands of people to flee their homes in Drayton Valley, Alta., and the surrounding rural area. An evacuation order was issued Thursday night instructing more than 7,000 residents to leave the…
Oilsands emissions could be underestimated by current measuring methods, study says
April 24, 2023 by Bob Weber - THE CANADIAN PRESSNew federal research suggests greenhouse gas emissions from the Alberta oilsands may be significantly underestimated, adding to a growing pile of studies that say our understanding of what is going into the atmosphere is incomplete. In a paper published last…
Alberta oilsands wastewater seepage cleanup to be complete by end of May
April 20, 2023 by Amanda Stephenson - THE CANADIAN PRESSCALGARY – Imperial Oil Ltd. said its cleanup efforts following recent high-profile wastewater releases from its Kearl oilsands site will be complete next month. Executives with the Calgary-based company said at an annual investor day event Wednesday that cleanup from…
M&A transactions see Canadian and U.S. brokerages expand nationally
April 13, 2023 by Alyssa DiSabatinoM&A activity this month has seen two major Canadian brokerages—Westland and Brokerlink—expanding their practices nationally, and one U.S.-based brokerage entering the Canadian market. B.C.-based Westland Insurance expanded its P&C practice with three acquisitions across Ontario, Alberta and Manitoba in April. …
Why Canadian drivers are increasingly turning to UBI
April 11, 2023 by Jason ContantCanadian drivers are increasingly turning to usage-based insurance (UBI), particularly since the beginning of 2023, new data from rate aggregator RatesDotCa found. Quotes for UBI from the rate comparison site were up 18.22% year-over-year, RatesDotCa said Mar. 31. The data…
Regulator defends finding that Alberta’s largest earthquake was caused by oilpatch
March 30, 2023 by Bob Weber - THE CANADIAN PRESSEDMONTON – Alberta’s energy regulator has defended its finding that the province’s largest recorded earthquake was caused by oilpatch activity, saying the pattern of temblors since last fall clearly points to a water disposal well even though there’s no suggestion…