Topic B.C.
Hot spell hikes risks of flooding, avalanches and fire across British Columbia
April 27, 2023 by The Canadian PressVANCOUVER – 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…
Navacord makes largest acquisition of the year
April 24, 2023 by Jason ContantNavacord 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…
Flood backstop, check. Now, what’s the industry’s next agenda item?
April 21, 2023 by Alyssa DiSabatinoNow that Canada has introduced a commitment to a backstop for high-risk flood insurance, the next item for change should be an government earthquake backstop, a panellist noted at the the Insurance Institute of Canada’s Symposium in Toronto Wednesday. Arguably,…
Broker suspended for a year after covering for his son in auto accident
April 17, 2023 by David GambrillA veteran B.C. broker had his broker licence suspended for one year after trying to protect his son by falsely claiming to police and the public auto insurer that he was the driver in his son’s hit-and-run accident. In addition…
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. …
Logging, forest loss may have awakened ancient B.C. landslides, at cost of about $1B
March 24, 2023 by Brenna Owen - THE CANADIAN PRESSA series of ancient landslides have been “reawakened” in British Columbia’s Cariboo region, costing hundreds of millions in federal disaster assistance funds and prompting warnings that logging is connected to the problem. The slides and flooding in spring of…
Court sides with Trisura in $475K construction bond case
March 22, 2023 by David GambrillTrisura has successfully defended a $475,000-plus claim against it after a B.C. court found a construction subcontractor couldn’t prove it had a formal contract with the principal contractor named in Trisura’s labour and materials (L&M) payment bond. “I…do not accept…
Want lower liability exposure for athletes? Don’t play sports in B.C.
March 21, 2023 by Alyssa DiSabatinoA recent Supreme Court of British Columbia case points to the difference between the standard of care for sports negligence claims in B.C. compared to the rest of Canada. In Miller v. Cox, the court found that a recreational soccer…
Claims to expect in Canada after a rough winter in March
March 17, 2023 by Alyssa DiSabatinoParts of Canada have been hit with several major snowstorms in succession this winter, and while none of the severe storms individually will likely be declared catastrophes (i.e. resulting in more than $30 million of insured damage), they may be…
Linda Dolan | Insurance Brokers Association of Canada
March 14, 2023 by Alyssa DiSabatinoLinda Dolan, President, Insurance Brokers Association of Canada After being offered a part-time job at the Port Alberni Shipping Company Ltd. by one of the owners, Linda Dolan was later charged with running the company’s insurance department. She started taking…
South B.C. highway passes see more snow, Avalanche Canada urges caution as storm hits
March 13, 2023 by The Canadian PressVANCOUVER — The first day of spring is exactly one week away, but extreme winter conditions still persist on British Columbia’s southern and southeastern mountain passes as snowfall warnings are posted for most routes. Environment Canada says anywhere from 15…
New earthquake model considers eastern Canada risk
March 9, 2023 by Jason ContantAon plc has launched a new earthquake model for Canada, one that takes into account the well-known risk in western provinces but also the lesser-known risk in eastern Canada. The model is based on the latest scientific research from Natural…