Canadian Underwriter

Topic B.C.

Flashlight beam shining on client records as someone is up to no good.
News B.C.BrokersInsurersLegal

Brokerage reprimanded for handling of privacy breach

October 31, 2023 by David Gambrill

B.C.’s broker regulator has reprimanded an unnamed brokerage and ordered its nominee to take courses on how to handle a privacy breach, after a stash of client documents was recovered by a third party and returned to the insurance company.

Office worker who has fallen on a staircase
News AlbertaB.C.ClaimsCommercialConstructionEmerging RisksInsurersLegalLiabilityLoss ControlOntarioQuebec

How to build environments that reduce staircase injuries

October 31, 2023 by By Dr. Andrew Huntley and Claire Miller, 30 Forensic Engineering

As research drives new ways to build staircases that can prevent slip-and-falls, Canada’s building codes should be updated accordingly to reflect the safer designs. The importance of code updates is illustrated by falls on stairs, which in Ontario alone led

Cooperation partnership, work together for success, team collaboration, agreement or negotiation, collaborate concept, businessmen handshake on growth arrow joining connection agree to work together.
News B.C.InsurersMergers and AqcuisitionsMGAsOntario

Accelerant scoops up Omega Insurance Holdings

October 27, 2023 by David Gambrill

Accelerant Holdings U.K. Ltd. has officially entered the Canadian property and casualty insurance market, closing the deal to acquire Omega Insurance Holdings Inc. from Till Capital Corporation. Accelerant will pay Till Capital approximately $13 million Cdn in exchange for all

Parking lot sign of electric vehicle charging station
News B.C.BrokersCommercial AutoInsurersNew BrunswickNewfoundland & LabradorNova ScotiaOntarioPersonal AutoQuebec

Why auto insurance concerns might hinder electric vehicle adoption

October 26, 2023 by Alyssa DiSabatino

As governments gear up for a national push toward electric vehicles (EVs), Canadians are harbouring anxieties about their auto insurance policies.  Seventy eight per cent of Canadians are concerned about the cost of their insurance premiums on an electric vehicle,

Home with truck outside
News AlbertaB.C.ClaimsClaims Canada ArchiveManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoPersonal HomeQuebecSaskatchewan

Where auto and home insurance rates are headed

October 24, 2023 by Jason Contant

Hard market conditions in personal lines across Canada are not slowing down in 2023 Q3, according to data from tech vendor Applied Systems. Auto and homeowner premiums are rising year-over-year in all provinces.  In 2023 Q3, personal auto premiums in

Aerial view a wetland stillwater surrounded by wildfire damage.
News AlbertaB.C.CatastrophesClaimsEmerging RisksInsurersLoss TrendsNew BrunswickNova ScotiaNWTProperty

P&C industry joins the $3-billion Cat club (again)

October 19, 2023 by David Gambrill

For the second year in a row, Canadian P&C insurers have become members of the unenviable $3-billion Cat club while paying out natural catastrophe damage losses. This year, damage losses were primarily so-called ‘secondary perils’ such as severe weather storms

IBAC president Traci Boland
News AlbertaB.C.BrokersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

New president for national brokers’ association

October 18, 2023 by Alyssa DiSabatino

Traci Boland is the new president of the Insurance Brokers Association of Canada (IBAC). Boland is partner and manager at Ontario West Insurance Brokers and Bill Blaney Insurance Brokers. She holds more than over 20 years’ experience in the industry

Rain flowing into a sewer
News B.C.Emerging RisksEnvironmentalOntarioQuebec

Canadian municipalities looking to become ‘spongier’ to build climate resilience  

October 10, 2023 by Morgan Lowrie - THE CANADIAN PRESS

MONTREAL – From green roofs in Toronto to Vancouver’s rain city strategy, Canadian cities are looking to become “sponges” in order to help mitigate some of the effects of extreme rainfall events.   In Montreal, Mayor Valerie Plante announced last week

Concept of M&A integration
News B.C.BrokersMergers and Aqcuisitions

Next up in Navacord’s merging spree

October 10, 2023 by Alyssa DiSabatino

Navacord brokerages Allwest Insurance and Waypoint Insurance Inc. will be merging under the Waypoint banner, effective Nov. 1.   The two B.C. brokerages are joining forces to combine the strengths and expertises of both companies, Navacord said in a press

Surety bond
News B.C.ClaimsClaims Canada ArchiveOntarioPersonal Home

New Aviva Canada partnership targets rent deposits

October 5, 2023 by Jason Contant

Aviva Canada has partnered with technology company RentHaven Inc. to offer tenants a product that provides an alternative to large upfront security and last month’s rent deposits through a surety bond. Underwritten by Aviva Insurance Company of Canada, the surety

A gas station destroyed by the Bush Creek East wildfire in Squilax, B.C.
News B.C.CatastrophesClaimsCommercialEmerging RisksEnvironmentalInsurersLoss Trends

How much B.C.’s catastrophic wildfires will cost insurers

October 4, 2023 by Alyssa DiSabatino

B.C.’s summer wildfires clocked in as the costliest insured event ever recorded in the province, and the tenth costliest insured event in Canada’s history, Insurance Bureau of Canada (IBC) said.  Wildfires in the Okanagan and Shuswap regions of B.C. will

People stranded by high water due to flooding in B.C.
News B.C.CatastrophesEmerging RisksEnvironmental

B.C. disaster response outdated and inaccessible for evacuees: ombudsperson

October 4, 2023 by Brieanna Charlebois - THE CANADIAN PRESS

VANCOUVER – Emergency support programs for disaster evacuees in British Columbia are outdated, under-resourced, inaccessible and poorly communicated, according to a report by the province’s ombudsperson. Ombudsperson Jay Chalke’s report on the government’s response to wildfires and severe flooding in