Canadian Underwriter

Topic B.C.

Anne Fortin appointed president of Intact Insurance.
News AlbertaB.C.HRInsurersManagementManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioQuebec

Intact Insurance names president

December 15, 2023 by Jason Contant

Intact Financial Corporation (IFC) has appointed Anne Fortin as president of Intact Insurance, effective Jan. 1, 2024.  In her new role, Fortin will have responsibility for the Quebec, West, Ontario and Atlantic divisions of Intact Insurance, the insurer said in

Fire, flood, hurricane
News AlbertaB.C.BrokersCatastrophesClaimsInsurersLoss ControlLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaPersonal AutoPersonal Home

Can Canada’s P&C industry catch up to NatCats?

December 14, 2023 by Philip Porado

In much of Nova Scotia, last summer was hell. The Tantallon wildfire in May and June generated $165 million in insured damage, mostly for personal property, by the time the flames went out July 4. In a normal year, residents

Digital puzzle pieces; digital M&A concept
News AlbertaB.C.BrokersCommercialHRManagementMergers and AqcuisitionsMGAsOntarioOperationsPersonal AutoPersonal HomeTechnology

Private equity firm acquires digital brokerage

December 8, 2023 by Jason Contant

Private equity firm Southampton Financial Inc. has announced its acquisition of Ontario-based digital insurance brokerage aha insurance. Launched in 2017, Waterloo, Ont.-based aha insurance offers consumers the ability to quote, purchase and manage car and home insurance policies entirely online.

Seismograph Recording an Earthquake Activity on Grid Paper
News B.C.CatastrophesClaimsCommercialInsurersOntarioPersonal HomePropertyQuebec

Where the feds stand with an earthquake backstop

December 7, 2023 by David Gambrill

Canada’s federal government is aware of the need for a government financial backstop for earthquake losses, but the question is, will an earthquake happen before then? Panellists at Canadian Underwriter’s 2024 Economic Outlook webinar Nov. 27 were asked if there

Moving office sign. Clipart image isolated on blue background.
News B.C.BrokersCatastrophesClaimsCommercialLicensingProperty

Floods, wildfires: How an incorrect address cost a broker his job

December 6, 2023 by David Gambrill

Insurance Council of British Columbia has fined a former broker $1,500 for failing to notify his commercial client that the company’s address change — which located the business in a floodplain — triggered a lack of coverage during a subsequent

Torrential rain
News B.C.ClaimsClaims Canada ArchiveEnvironmentalPersonal AutoPersonal Home

B.C. wrings out after atmospheric river brings torrential rain and wind

December 6, 2023 by The Canadian Press

VANCOUVER – Residents in coastal and southern British Columbia are mopping up after an atmospheric river brought torrential rain and wind, while disrupting travel and utility services. The B.C. River Forecast Centre says Metro Vancouver, the south coast and Lower

Heavy equipment being moved as work continues on the Trans Mountain pipeline.
News AlbertaB.C.CommercialEnvironmentalPropertySupply Chain

Shipper costs to rise as regulator approves preliminary interim Trans Mountain tolls

December 1, 2023 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – The Canada Energy Regulator has approved preliminary interim tolls that would see oil companies pay nearly twice as much to ship crude on the expanded Trans Mountain pipeline as what was estimated in 2017. In a decision issued

Kitchen fire
News B.C.ClaimsCommercialLegalProperty

Are short-term renters covered by condo insurance?

November 29, 2023 by Philip Porado

An Airbnb renter can be considered an insured under a strata’s insurance policy but may not necessarily rely on other liability protections in a strata’s bylaws, a B.C. Supreme Court justice determined in Strata Plan VR 2213 v Schappert, 2023

House model with man holding magnifying glass home inspection or searching for a house
News B.C.InsurersLegalLiabilityPersonal Auto

Auto insurance: How you can live with someone but not be in a “household”

November 22, 2023 by David Gambrill

A passenger seriously injured in an auto collision caused by an uninsured driver is not considered an “insured” under her father’s or boyfriend’s auto policies, even though she was living with them at the time of the crash, B.C.’s Court

The words 'private equity' appearing above a laptop
News AlbertaB.C.BrokersInsurersManagementMergers and AqcuisitionsOntario

Has private equity interest in P&C brokerages peaked?

November 21, 2023 by Jason Contant

Private equity interest in the Canadian P&C brokerage space is showing no sign of slowing down, industry observers said last week at KPMG’s 2023 Insurance Conference in Toronto.  Private equity groups remain eager to acquire Canadian brokerages, said Andrew Mathias,

Smoke from wildfires fills the sky in Yellowknife
News B.C.CatastrophesClaimsCommercialEmerging RisksInsurersLoss TrendsNWTPersonal AutoPersonal Home

Price tag for the insured wildfire losses in Northwest Territories

November 20, 2023 by David Gambrill

Insured wildfire damage in Hay River and Yellowknife, NWT, during the summer — which led to Canada’s largest evacuation ever — cost the P&C insurance industry a total of more than $60 million, Catastrophe Indices and Quantification (CatIQ) Inc. reported

Winter driving on a slippery road
News AlbertaB.C.ClaimsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoQuebecSaskatchewan

Why more Canadian drivers are using winter tires

November 14, 2023 by Jason Contant

Winter tire use in Canada is increasing, with 71% of polled Canadian drivers outside of Quebec now using winter tires, up from 63% in 2022, according to a survey conducted by Leger for the Tire and Rubber Association of Canada