Topic B.C.
Will this week’s weather events result in Cat damages?
July 25, 2022 by Alyssa DiSabatinoWhile Europe is experiencing record-breaking heat waves, western Canada had some severe heat and storms of its own between July 16-20. And although they were expected to have caused millions in damage, it won’t breach catastrophe territory, according to Aon’s…
What the latest wildfire near Lytton, B.C. reveals
July 22, 2022 by Jason ContantThe out-of-control wildfire burning near Lytton, B.C. shows the community and its surrounding area are at high risk of repeated fires, said Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR). The Nohomin Creek wildfire about 1.7…
Is the two-year limitation period set in stone?
July 21, 2022 by Jason ContantA motor vehicle accident victim can proceed with her personal injury claims after British Columbia’s Civil Resolution Tribunal (CRT) found the provincial public auto insurer made an “explicit promise” not to be bound by the two-year limitation period to start…
Out-of-control blaze grows near fire-ravaged Lytton, B.C.
July 15, 2022 by The Canadian PressLYTTON, B.C. – A wildfire blazing just west of Lytton, B.C., has now scorched five square kilometres of trees and bush, more than doubling in size in less than 12 hours. BC Wildfire Service spokeswoman Taylor Colman says the out-of-control…
Court strikes down cap on costs for auto injury experts
July 13, 2022 by David GambrillB.C.’s Supreme Court has struck down as unconstitutional the province’s 6% cap on disbursements for experts in personal injury actions arising from auto accidents – one feature of the Insurance Corporation of B.C.’s attempt to control its auto insurance claims…
Are businesses covered for a telecom’s “maintenance oops”?
July 11, 2022 by Alyssa DiSabatinoDespite Interac payment systems and phone lines being down, most businesses will not have insurance coverage for any type of income loss as a result of the national Rogers outage on Friday, says one insurance expert. The outage, which…
Why brokers should ask their clients about home renos
July 6, 2022 by Alyssa DiSabatinoCanadians made major renovations to their homes during the pandemic, and over 14% of those who renovated stated they did so on an impulse during the pandemic — but are policyholders telling their insurers about these material changes? Not every…
Vancouver plans for removal of beached barge, months after it washed up during storm
June 30, 2022 by The Canadian PressVANCOUVER – A timeline has finally been announced for the removal of a huge barge that wedged itself onto a beach in Vancouver’s English Bay last November. A statement from the City of Vancouver says a local pile driving firm…
Why it’s taken a year to get Lytton, B.C.’s post-wildfire rebuild underway
June 29, 2022 by David GambrillTo the naked eye, not much has changed since Lytton, B.C. was razed by a June 30, 2021 wildfire, causing an estimated $100 million in insured damage. Coming up on the fire’s one-year anniversary, debris-removal work has finally begun for…
Policy revamp might save lives in next heat dome, experts say
June 27, 2022 by Dirk Meissner - THE CANADIAN PRESSVICTORIA -She died in the arms of firefighters. The 96-year-old woman now lingers in the memory of Chief Jim Ogloff of the Coquitlam Fire Department, a reminder of the impact of last summer’s heat dome disaster on vulnerable residents of…
B.C. commits $21 million to help rebuild infrastructure in Lytton after fire
June 24, 2022 by The Canadian PressVICTORIA – The fire-ravaged community of Lytton, B.C., is getting $21 million from the provincial government to help it rebuild essential infrastructure and services. The Public Safety Ministry says in a statement the new funding will support priorities identified in…
Don Forgeron to retire from Insurance Bureau of Canada
June 23, 2022 by Alyssa DiSabatinoDon Forgeron will retire as president and CEO of the Insurance Bureau of Canada after a tenure of almost 30 years. He will also retire as a member of the IBC’s board of directors. The search for Forgeron’s successor will…