Canadian Underwriter

Topic B.C.

News B.C.ClaimsClaims Canada ArchiveInsurersLegalLoss ControlLoss Trends

Another win for wedding vendors in a COVID cancellation dispute

December 16, 2020 by Greg Meckbach

A British Columbia couple who cancelled their August 2020 wedding due to pandemic concerns is not entitled by a force majeure (an ‘Act of God’) clause to a refund of $4,000 they paid the would-be venue in advance. The province’s

News AdjustersAlbertaB.C.ClaimsPersonal Home

‘Expensive, extreme:’ Environment Canada releases annual Top 10 weather stories list

December 16, 2020 by Bob Weber - THE CANADIAN PRESS

It was another year of record-breaking disasters and crazy, dangerous weather from coast to coast, says Environment Canada’s senior climatologist. A vicious hailstorm in Calgary wrote off more cars than Albertans normally buy in an entire year. Heat in Ontario

News B.C.BrokersCommercialMergers and AqcuisitionsOntarioQuebecSaskatchewan

The latest M&A news from BFL, NFP and Hub

December 11, 2020 by Jason Contant

A year-and-a-half after large commercial brokerage BFL Canada acquired Summit Insurance Brokers, the smaller British Columbia-based brokerage has officially been rebranded to BFL Canada Insurance Services Inc. “As of now, all the operations led in Central and Northern British Columbia

News AlbertaB.C.BrokersEmerging RisksEnvironmentalManitobaPropertySaskatchewan

Western broker: Don’t chop off the head of oil industry

December 9, 2020 by Greg Meckbach

Although the impact of carbon emissions on climate is a major concern for carriers, western Canadian brokers are concerned about efforts to reduce Canada’s reliance on oil and gas. “Oil and gas is not going away any time soon, and

News B.C.CatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsClaims TechnologyEducationInsurersLoss ControlLoss TrendsPersonal HomePropertyQuebecRisk Managers

How Ottawa is trying to lower earthquake related property losses

December 7, 2020 by Greg Meckbach

Natural Resources Canada is hoping to help insurers cut their loss costs with a yet-to-be released earthquake early warning system. The warning system could provide seconds to tens of seconds of warning before a location is affected by strong shaking,

News AlbertaB.C.BrokersCommercialEditorialInsurers

Editorial: Regulators, leave subscription policies alone

December 7, 2020 by David Gambrill

When it comes to regulating “Best Terms Pricing” in Canada, Canadians, politicians and insurance regulators be forewarned: Be careful what you wish for. Banning the practice in a hard commercial lines market could wind up making things worse for consumers,

Feature AlbertaB.C.BrokersEducationEmerging RisksLoss TrendsManagementManitobaOntarioRisk ManagersSaskatchewanTechnology

Western Perspective

December 4, 2020 by Greg Meckbach, Associate Editor

Meet Clint Smith, chief operating officer of Manitoba-based Andrew Agencies Ltd., which recently acquired several brokerages in Saskatchewan. Smith gave us his take on the challenges brokers face in Western Canada, the response to the COVID-19 pandemic, and the inside

News B.C.InsurersLoss TrendsMergers and Aqcuisitions

B.C. institutional investor to acquire consolidator of P&C run-off books

December 4, 2020 by Jason Contant

One of Canada’s largest institutional investors has joined forces with Cinven, an international private equity firm, to acquire Compre, a specialist global consolidator of closed books of non-life insurance policies. Victoria-based British Columbia Investment Management Corporation (BCI) and Cinven announced

News B.C.ClaimsClaims Canada ArchiveCommercial AutoLegalPersonal AutoRisk Managers

How courts assess liability of auto dealer that leaves keys in unlocked running vehicle

December 2, 2020 by Greg Meckbach

A police officer injured in a collision with a stolen truck has lost his bid to seek compensation against the dealership from which the truck was stolen; with Canada’s top court refusing to hear the case, the end result is

News AlbertaB.C.BrokersCommercialInsurers

Insurance regulators expand scope of inquiry into Best Terms Pricing

December 2, 2020 by David Gambrill

Canada’s national association of provincial property and casualty insurance regulators is looking into “Best Terms Pricing” in all commercial lines following recent regulatory actions to ban the practice in the strata insurance line in B.C. and Alberta. The Canadian Council

News AdjustersB.C.ClaimsClaims Canada ArchiveInsurersLegalLiabilityLoss ControlLoss TrendsPersonal Auto

Public not aware of rights lost in B.C.’s no-fault auto scheme: personal injury lawyer

December 1, 2020 by Greg Meckbach

The average British Columbia consumer does not really understand what rights they will lose with the auto insurance reforms scheduled to take effect this May, a Vancouver personal injury lawyer warns. Provincial politicians voted earlier this year to pass Bill

News B.C.ClaimsCommercialInsurersLegal

Court raps lawyers’ conduct, as default judgment against insurer overturned

December 1, 2020 by David Gambrill

B.C.’s Court of Appeal threw out a default judgment against Lloyd’s of London Monday in a case involving the theft of golden eagles used for a charity event. In doing so, the court criticized lawyers for both the claimant and