Topic Claims Canada Archive
Government announces aid for residents affected by spring flooding
May 30, 2023 by The Canadian PressWHITEHORSE – The Yukon government says it’s working to provide financial support and other help to residents and businesses hurt by ongoing flooding in the Klondike Valley. The government said 82 residents have signed up for emergency support services so…
What makes the Halifax wildfire so unique
May 29, 2023 by Jason ContantNova Scotia is no stranger to wildfire, but the out-of-control blaze burning in suburban Halifax is unique in its aggressiveness, Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction told Canadian Underwriter Monday. As of Monday afternoon, an…
‘Immense sorrow:’ Major fire at Montreal heritage building that once housed monastery
May 26, 2023 by Sidhartha Banerjee - THE CANADIAN PRESSMONTREAL – A major fire at a Montreal heritage building was still not under control Friday and authorities were not able to provide a firm timeline of how long it would take to extinguish the blaze. The fire broke out…
More than half of N.W.T. wildfires so far this season caused by humans: officials
May 24, 2023 by The Canadian PressHAY RIVER, N.W.T. – Officials in the Northwest Territories say more than half of the wildfires in the territory this year were started by people. A total of 15 wildfires have burned 161 square kilometres across the territory so far…
Rain could slow down record-breaking Alberta wildfires, officials say
May 23, 2023 by Rob Drinkwater - THE CANADIAN PRESSEDMONTON – Light rainfall and cooler temperatures slowed down wildfire activity in Alberta over the long weekend and more rain that’s in the forecast may help firefighters catch a breath during a record-breaking season of fires. “This could be a…
What’s new with cannabis insurance regulations?
May 18, 2023 by Jason ContantOne MGA is questioning a regulatory change in Ontario that dropped a mandatory requirement for licensed producers (LPs) of cannabis to hold $15 million in product recall insurance and instead raised the commercial general liability requirement to that amount. In…
Some residents return home two weeks after Alberta wildfire evacuation
May 18, 2023 by Kelly Geraldine Malone and Angela Amato - THE CANADIAN PRESSThe mayor of a west-central Alberta town said it was emotional to return home nearly two weeks after an out-of-control wildfire forced residents to flee, but thousands elsewhere remain on edge as scores of fires continue to rage across much…
Why claims frequency is trending for electric vehicles
May 16, 2023 by Jason ContantRepairable claims frequency for electric vehicles (EVs) in Canada and the U.S. continues to increase slightly with each passing quarter, albeit very slowly, according to a new report from Mitchell, an Enlyte company. EV repairable claims frequency increased 2.41% in…
Fire danger continues to be ‘extreme’ in most parts of province: Alberta government
May 10, 2023 by The Canadian PressThe Alberta government says fire danger continues to be extreme in most of the province except the Rockies, where lower danger levels were expected. Some areas have experienced cooler temperatures and some rain, but the government says a return to…
How is the cannabis insurance market faring?
May 9, 2023 by Jason ContantFour-and-a-half years after recreational marijuana use was legalized in Canada, cannabis companies continue to face a number of challenges, including insolvency, consolidation and low or flat growth, according to a recent report from EY Canada. “Established/mature markets — including Canada,…
Search continues for two missing firefighters swept away during spring floods
May 2, 2023 by The Canadian PressBAIE-SAINT-PAUL, Que. – The search continued Tuesday for two Quebec firefighters swept away in floodwaters northeast of Quebec City, as heavy rains washed out roads and cut off homes in several regions across the province. Specialized aerial and ground rescue…
Why condo corporations need an extra ‘financial cushion’
April 27, 2023 by Jason ContantCanada’s national actuarial organization is recommending legislation that would require condo corporations to hold in their reserve funds a “financial cushion” above what’s required by a reserve fund study. “That cushion protects corporations from adverse deviations from increased expenditures (among…