Canadian Underwriter

Topic B.C.

two miniature white houses resting in a puddle outside
News AlbertaB.C.InsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

Feds’ task force reveals preferred flood insurance models

August 30, 2022 by Alyssa DiSabatino

A federal government task force on flood insurance is leaning toward the public insurer and layered public insurer models of flood insurance programs for Canada. The public insurer model features a Crown corporation that underwrites comprehensive flood insurance through the

A wide open trunk of an empty SUV car,
News B.C.ClaimsInsurersLegalPersonal Auto

Court sides with insurer in unidentified driver case

August 29, 2022 by David Gambrill

The six-month notification period to make a claim under the unidentified driver portion of B.C.’s Insurance (Vehicle) Act won’t be extended, even though it took a year for the victim to become aware she could make such a claim, a

Tanker carrying liquified natural gas from Canada
News AlbertaB.C.CommercialEmerging RisksEnvironmentalInsurersNewfoundland & LabradorNova Scotia

Will insurers find opportunity in Europe’s need for Canadian LNG and hydrogen?

August 26, 2022 by Philip Porado

Canadian insurers have a future opportunity to cover the infrastructure required for hydrogen energy products, commercial insurance brokers say. For example, if Europe wants its efforts to reduce dependence on Russian natural gas supplies to be successful, it will need

Hacker thief with laptop in darkness
News AdjustersB.C.ClaimsClaims ProfessionalsInsurersLegalLiabilityPersonal Auto

Insurer found vicariously liable for adjuster selling client information

August 26, 2022 by David Gambrill

B.C.’s public auto insurer has been held vicariously liable for a privacy breach, in which one of its claims adjusters sold client information to a third party that ultimately led to arson and shooting attacks. “Between April 2011 and January

Pipe for the Trans Mountain pipeline is unloaded in Edson, Alta. on Tuesday June 18, 2019. A coalition of 32 environmental and Indigenous groups is calling on 27 insurance companies to drop or refuse to provide coverage of the Trans Mountain pipeline, although they concede its lead liability insurer is planning to continue coverage. THE CANADIAN PRESS/Jason Franson
News B.C.EnvironmentalInsurersOntario

Grassroots orgs demand insurers withdraw coverage for Trans Mountain Pipeline

August 26, 2022 by Alyssa DiSabatino

Liberty Mutual Insurance is among a list of insurers being asked by grassroots and Indigenous organizations to withdraw insurance support for the Trans Mountain Pipeline, which carries crude and refined oil from Alberta to British Columbia.  A petition with more

News B.C.CommercialInsurers

‘It’s like Lego bricks’: Shippers and consumers feel affects of overflowing ports

August 24, 2022 by Christopher Reynolds - THE CANADIAN PRESS

Bob Ballantyne broke a cord on his blinds in early July, and his repairman in Ottawa still hasn’t been able to replace the snapped part. “He says, ‘You know, supply chain issues. I can’t get the string that I need

Wildfire smoke
News B.C.CatastrophesEnvironmental

All evacuation orders rescinded for Keremeos Creek wildfire near Penticton, B.C.

August 22, 2022 by The Canadian Press

Local authorities in British Columbia’s Okanagan region say all evacuation orders around the so-called Keremeos Creek wildfire near Penticton have been rescinded. Erick Thompson, an information officer for the Regional District of Okanagan-Similkameen, says this means residents from the last

Smoke and fire burns through a dense evergreen forest
News AlbertaB.C.Emerging RisksEnvironmentalInsurersNWTSaskatchewan

Why B.C’s heat dome puts the industry on alert for wildfires

August 18, 2022 by Alyssa DiSabatino

A heat wave building across western Canada and the Prairies could worsen wildfires, which have already burned more hectares this year over last despite fewer fires to date, one industry expert observes. This week, Alberta, British Columbia and Saskatchewan will

Father handing son car keys
News B.C.BrokersPersonal Auto

B.C. broker suspended one year for misrepresenting principal driver of her car

August 18, 2022 by David Gambrill

A B.C. broker’s license has been suspended for one year after a regulatory investigation into her processing her own ICBC Autoplan transactions uncovered that she had misrepresented the principal driver of her personal vehicle on several ICBC policies. “Council found

Killer whale and vessel off Eagle Point, San Juan Island, WA.
News B.C.ClaimsEnvironmentalLiability

Boat sinks with 10,000 litres of fuel near Canada-U.S. marine border

August 17, 2022 by The Canadian Press

VICTORIA – A fishing boat that sank with nearly 10,000 litres of fuel on board near the Canada-U.S. marine border went down in one of the worst possible places for endangered orcas, an ocean pollutants expert says. Peter Ross, a

Multiple lightning strikes over a wildfire
News B.C.ClaimsEnvironmental

BC Wildfire Service predicts stable forecast following persistent lightning strikes

August 16, 2022 by The Canadian Press

VANCOUVER – A spokesperson for the BC Wildfire Service says 80 per cent of the 212 new fires sparked across the province since Wednesday were caused by lightning. Briana Hill says the service was well prepared and 69 per cent

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News B.C.BrokersCatastrophesClaimsCommercialEmerging RisksInsurersTechnologyTrending

Why Deloitte doesn’t anticipate a soft market ‘for the next few years’

August 15, 2022 by David Gambrill

Canada’s commercial P&C insurance market may not soften “for the next few years,” said a report on the industry published by Deloitte. “While there may be products where the market becomes more competitive on new business with good claims experience,