Topic B.C.
Who is now leading Willis Towers Watson Canada
November 30, 2021 by Greg MeckbachLaura Samaroo (pictured, above) is the new Canadian region leader for Willis Towers Watson PLC, the Dublin-based brokerage announced Tuesday. Samaroo is based in Vancouver. She had been Willis Towers Watson’s Western Canadian market leader and Canada co-leader until being…
More flood warnings, watches issued in B.C. as province braces for third rainstorm
November 29, 2021 by THE CANADIAN PRESSVANCOUVER – Flood warnings are posted for a section of British Columbia’s southern Interior and flood watches or high water advisories cover large parts of the province, as it deals with the consequences of a second major rainstorm in as…
B.C. auto claimant wins dispute over ‘declared value’ in total loss
November 26, 2021 by Greg MeckbachThe Insurance Corporation of British Columbia has been ordered to pay an extra $5,000 to a client whose vehicle was badly damaged on a trip from California. In Link v. ICBC, released Nov. 25, the province’s civil resolution tribunal ruled…
Extreme wildfire weather increasing around the globe, some of the largest increases in Western Canada: research
November 25, 2021 by Bob Weber - THE CANADIAN PRESSNew research suggests the risk of extreme wildfire events is increasing across the globe, with some of the largest increases in Western Canada. The research, conducted by Natural Resources Canada and published Thursday in the journal Nature, says rising temperatures and…
Supreme Court of Canada rules against BC trial lawyers in disputed subrogated Ontario auto claim
November 18, 2021 by Greg MeckbachIf the Trial Lawyers Association of British Columbia had its way, auto insurers would have an incentive to go the “extra mile” in trying to find reasons to deny claims, two Supreme Court of Canada judges suggested in a decision…
20 evacuation centres open in B.C. for rescued motorists, residents escaping
November 16, 2021 by The Canadian PressAGASSIZ, B.C. – Melanie Forsythe’s drive home from Vancouver to Hope, B.C., had her making at least five detours as torrential rain washed out a bridge, closed roads and trapped her overnight between two mudslides before a helicopter landed on…
How much Intact has improved its personal property loss ratio
November 15, 2021 by Greg MeckbachAs home insurance prices continue to climb, Intact Financial Corp. reported an underwriting profit in personal property in the latest quarter, despite higher-than-normal weather catastrophe losses. The personal property line “should operate” with combined ratios below 95% “even with severe…
Heavy rain sets off flooding, rocks and mudslides in southern B.C.
November 15, 2021 by The Canadian PressVANCOUVER – A local state of emergency has been declared in part of British Columbia’s eastern Fraser Valley where unrelenting rainfall caused flooding, mud and rock slides and the closure of highways to and from the southern Interior. Environment…
Is B.C.’s 2021 wildfire season the worst on record?
November 9, 2021 by Jason ContantBritish Columbia’s 2021 wildfire season was severe, but it wasn’t the costliest on record from a suppression standpoint, according to a summary report from the BC Wildfire Service. Between April 1 and Sept. 30, 2021, a total of 1,610 wildfires…
NFP acquires Western Canadian brokerage Foster Park
November 9, 2021 by Greg MeckbachEdmonton-based Foster Park Brokers Inc. has been acquired by New York City-based NFP Corp., the property and casualty insurance brokerages announced Tuesday. Foster Park places surety bonds, as well as P&C coverage for a variety of industries including oil and…
Environment Canada working to confirm possible weekend tornado over Vancouver
November 8, 2021 by The Canadian PressVANCOUVER – Environment Canada is examining all available evidence as meteorologists try to confirm if a rare and powerful tornado touched down Saturday on Vancouver’s west side. The weather office confirms a tornado was spotted over the Strait of…
Insurers hope privacy legislation reboot will bring harmony
November 3, 2021 by Philip PoradoCanada’s existing privacy regulations – including federal law and province-specific legislation in Quebec, British Columbia and Alberta – can’t keep up with changing technology and are due for an update, said panellists at an Insurance Bureau of Canada regulatory affairs…