Canadian Underwriter

Topic B.C.

News B.C.BrokersCommercialLicensingMGAsProperty

Where MGAs could find new capital as Lloyd’s limits capacity

May 8, 2021 by Greg Meckbach

With some commercial coverages becoming harder to place in the hard market, reinsurers are looking to distribute through managing general agents, Virtual Symposium B.C. attendees heard Thursday. “I had two meetings today with two separate reinsurers who are very interested

News B.C.EducationInsurersOperationsTechnology

How insurers could centralize consumer data — and why they might not

May 5, 2021 by Greg Meckbach

The industry could potentially evolve towards an “open insurance strategy,” similar in concept to open banking, whereby consumers allow third parties access to their insurance data, an insurtech CEO suggests. In Europe, open banking gives consumers access to their banking

News AlbertaB.C.EnvironmentalInsurers

Trans Mountain pipeline operator wins fight to avoid naming its insurance companies

April 30, 2021 by The Canadian Press

CALGARY – The Canada Energy Regulator says it has decided to grant a request by the operator of the Trans Mountain pipeline to protect the identity of its insurers in its regulatory filings. In a ruling, the federal regulator says

News B.C.ClaimsClaims Canada ArchiveClaims TechnologyLegal

Tribunal quashes small claim from owner of water-damaged strata unit

April 29, 2021 by Greg Meckbach

Your client owns a strata apartment in a high-rise. Water starts coming in from the ceiling from the unit above. The night security guard visits the higher of the two units but neither the occupant nor the security guard can

News AlbertaB.C.BrokersClaimsInsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoPersonal HomeSaskatchewan

COVID’s effect on Canadian auto and property rates

April 22, 2021 by Jason Contant

Endorsements to auto policies as a result of changing driving habits from COVID-19 are resulting in average premium rate renewal decreases across most of the country, according to Applied Systems’ latest rating index report. Personal property rates, on the other

News B.C.ClaimsEnvironmentalLiabilityRisk Managers

Alarms being installed on B.C. river and dam following fatal water release

April 22, 2021 by The Canadian Press

VANCOUVER – An interim public alarm system is being installed on the Cleveland Dam and along the Capilano River in North Vancouver to prevent future deaths from a sudden release of water. Five people fishing on the river last October

News AdjustersB.C.ClaimsClaims ProfessionalsInsurersLegalPersonal HomeProperty

What the court said when property owners refused to submit a Final Proof of Loss

April 20, 2021 by David Gambrill

Westland Insurance Company was within its rights to assume a contentious, two-year insurance claim had been resolved when two Victoria, B.C., property owners refused to submit a “Final Proof of Loss” form that had been filled out for them to

News B.C.ClaimsConstruction

Flames destroy unfinished condo in Langley, B.C., force nearby residents to evacuate

April 20, 2021 by The Canadian Press

LANGLEY, B.C. – A huge fire has destroyed two six-storey condominium towers under construction in Langley, B.C. The fire broke out at around 9:30 p.m. Monday at the development in Langley’s Willoughby neighbourhood, about 45 kilometres east of Vancouver. The

News AdjustersB.C.ClaimsClaims Canada ArchiveClaims ProfessionalsCommercialLegalLiabilityLoss TrendsPersonal HomeProperty

Toilet trouble means strata owner must reimburse corporation’s $5,000 deductible

April 19, 2021 by Greg Meckbach

A British Columbia townhouse owner whose toilet overflowed and caused damage has to pay the $5,000 deductible on the strata corporation’s insurance claim, the B.C. Civil Resolution Tribunal (CRT) has ruled. Jefferson Wu is the principal of Kwan-Wu Holdings Ltd.,

News B.C.ClaimsInsurersLegalLiabilityPersonal Auto

Appeal Court adds new twist to court battle over auto reforms

April 19, 2021 by David Gambrill

B.C.’s Court of Appeal has temporarily suspended parts of a recent decision by the B.C. Supreme Court, which found that it is unconstitutional for the province’s Civil Resolution Tribunal (CRT) to determine minor injuries and decide claims of up to

News B.C.BrokersCommercialManagementMergers and AqcuisitionsOntario

Inside the merger of Highcourt and Breckles

April 15, 2021 by Greg Meckbach

Search engine optimization (SEO), electronic transactions, and contracts with carriers insuring small to mid-sized enterprises (SMEs) are among the capabilities that made the Breckles Group of Companies attractive to Highcourt Partners. The merger of those two Canadian brokerages, resulting in

News B.C.ClaimsClaims Canada ArchiveCommercialLegalPersonal HomeProperty

Client dogged by $1,277 uninsured water damage remediation bill

April 14, 2021 by Greg Meckbach

A British Columbia client who runs a dog kennel business out of her home is liable for some water damage remediation costs that her insurer did not cover because they relate to business and not personal use of the property.