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…
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…
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…
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…
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…
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…
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Okanagan region say all evacuation orders around the so-called Keremeos Creek wildfire near Penticton have been rescinded.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…
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…
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…
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…
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…
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,…