Canadian Underwriter

Topic B.C.

Smoke from wildfires in Alberta blankets Calgary
News AlbertaB.C.CatastrophesClaimsEmerging RisksEnvironmentalOntarioTrending

Emissions from wildfires hit record high as climate change drives fire threat

May 19, 2023 by The Canadian Press

OTTAWA – 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

Purchasing cannabis with a credit card
News B.C.CannabisClaimsClaims Canada ArchiveCommercialLiabilityMGAsOntario

What’s new with cannabis insurance regulations?

May 18, 2023 by Jason Contant

One MGA is questioning a regulatory change in Ontario that dropped a mandatory requirement for licensed producers (LPs) of cannabis to hold $15 million in product recall insurance and instead raised the commercial general liability requirement to that amount. In

A structure destroyed by a wildfire in Drayton Valley, Alta.
News AdjustersAlbertaB.C.ClaimsClaims Canada ArchiveEnvironmentalPersonal HomeSaskatchewan

Some residents return home two weeks after Alberta wildfire evacuation

May 18, 2023 by Kelly Geraldine Malone and Angela Amato - THE CANADIAN PRESS

The mayor of a west-central Alberta town said it was emotional to return home nearly two weeks after an out-of-control wildfire forced residents to flee, but thousands elsewhere remain on edge as scores of fires continue to rage across much

The Fraser Valley in B.C. after flooding on Nov. 21, 2021
News B.C.BrokersCatastrophesClaimsEmerging RisksEnvironmentalInsurers

Flood warning for part of northwest B.C., other rivers rising as heat grips province

May 17, 2023 by The Canadian Press

VANCOUVER — A flood watch covered the Skeena region of northwestern British Columbia Tuesday as unseasonably warm temperatures swelled rivers in many areas of the province. B.C.’s River Forecast Centre posted the warning for the Skeena and Bulkley rivers and

A closeup of a seismograph machine needle drawing a red line on graph paper depicting seismic and earthquake activity - 3D render
News B.C.CatastrophesClaimsEmerging RisksEnvironmentalInsurersLoss ControlLoss TrendsOntarioPersonal HomeQuebec

National disaster report highlights industry loss potential

May 12, 2023 by Alyssa DiSabatino

A major earthquake in British Columbia or the Ontario-Quebec region could become the costliest natural disasters Canada has seen, a new government of Canada report warns.  Of pertinence to the industry, as insured damages for a severe earthquake could broach

Forest fire in British Columbia
News B.C.ClaimsEnvironmentalPersonal Home

High temperatures in B.C. pose threat of new wildfires 

May 9, 2023 by The Canadian Press

Rain and cooler temperatures in northeastern British Columbia will help suppression efforts for two out-of-control wildfires, but high temperatures forecast for later this week may pose a new threat, says a BC Wildfire Service spokesman.   Cliff Chapman, the director of

Man tossing sandbags from wheelbarrow to help prevent flooding
News B.C.ClaimsEnvironmentalPersonal Home

Waters recede in parts of flood-ravaged B.C. as half of province remains under threat

May 8, 2023 by The Canadian Press

CACHE CREEK, B.C. – Much of British Columbia’s Interior continued to be under the threat of flooding triggered by rain and warm weather Sunday, but water levels appeared to be receding at one of the hardest hit communities.   Even

Police block the road into the wildfires near Entwhistle Alberta on Sunday May 7, 2023. THE CANADIAN PRESS/Jason Franson.
News AlbertaB.C.BrokersCatastrophesClaimsEnvironmentalInsurersSaskatchewan

What claims may come from the Alberta wildfires

May 8, 2023 by Alyssa DiSabatino

While 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

Cargo containers at a port in Vancouver
News B.C.CommercialInsurersSupply ChainTrending

Vancouver port traffic dips in 2022, hinting at economic slowdown to come

May 3, 2023 by Christopher Reynolds - THE CANADIAN PRESS

MONTREAL – Cargo volumes at Canada’s largest port fell by three per cent last year as the global economy began to show signs of a slowdown. Though grain and fertilizer exports surged in the second half of 2022, the gains

David Wong is the new president and CEO of ICBC
News B.C.HRInsurersManagementOperationsPersonal Auto

ICBC announces new president and CEO

May 1, 2023 by Jason Contant

Insurance Corporation of British Columbia’s (ICBC) board of directors has appointed David Wong as its new president and CEO, effective May 15. Wong, a chartered professional accountant, will join ICBC following years of experience at the province’s power utility, BC

Bridge over the Fraser River in Prince George, B.C.
News B.C.ClaimsEmerging RisksEnvironmental

Hot spell hikes risks of flooding, avalanches and fire across British Columbia

April 27, 2023 by The Canadian Press

VANCOUVER – As British Columbia heads into its first warm spell of the year, forecasters are warning the heat could raise avalanche and flood risks, while the danger of wildfires has already nudged up to a “moderate” rating in some

We've got ourselves a deal
News B.C.BrokersCommercialHRMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal Home

Navacord makes largest acquisition of the year

April 24, 2023 by Jason Contant

Navacord has made its fifth and largest transaction of the year with the acquisition of British Columbia-based SeaFirst Insurance Brokers, effective Apr. 1. With roots dating back to 1950, SeaFirst Insurance has since grown to one of the largest commercial