Topic Loss Trends
Quebec health minister threatens to lock down bars if COVID rules are violated
July 7, 2020 by Sidhartha Banerjee - THE CANADIAN PRESSMONTREAL – Quebec’s health minister threatened owners of bars and other venues across the province on Monday, saying he won’t hesitate to shut them down if COVID-19 public health directives are not followed. Describing the scenes at some establishments over…
How liability for deductibles on strata claims is changing in B.C.
July 3, 2020 by Greg MeckbachStrata unit owners might see a reduction in liability risk for common-area damage if a recently-tabled bill is passed in British Columbia. “Right now, if a water pipe bursts in a bathroom due to manufacturer error and leaks beyond common…
Flood warnings issued as B.C.’s major rivers surge, rainfall continues
July 3, 2020 by Amy Smart - THE CANADIAN PRESSVANCOUVER – Heavy rainfall has caused rivers to surge across much of British Columbia, washing out roads and putting many communities on alert. The River Forecast Centre has issued flood warnings, its highest alert, for the areas around the upper…
What was abnormal about June Calgary hail storm
July 2, 2020 by Greg MeckbachAlberta’s hailstorm in mid-June was so severe that some homes suffered interior damage as a result, an independent adjusting firm reports. “We have seen skylights completely blown out to the point that the hail that impacted that skylight also impacted…
Dam threatened by water levels in rural Manitoba, some residents evacuate
July 2, 2020 by THE CANADIAN PRESSRIVERS, Man. – A rural Manitoba mayor says some people and livestock have been evacuated from his community because high water levels are threatening a dam. Rural Municipality of Riverdale Mayor Todd Gill says 38 households in the Little Saskatchewan…
Return Migration
June 29, 2020 by David Gambrill, Editor in ChiefThroughout Canada, provinces are starting a phased re-opening of the economy (albeit some regions are in more advanced stages than others). Doron Melnick, partner in KPMG’s
people and change advisory services practice, is advising businesses on how to return to the office while the global novel coronavirus remains a threat.
Public reaction to insurers ‘could get ugly’ after Calgary hail storm: Broker
June 25, 2020 by Greg MeckbachThe industry’s reputation could take a beating in the aftermath of the devastating June 13 Alberta hail storm if misleading rumours are spread by people who do not understand how insurance works, an official with the province’s broker association warns.…
Intact predicts two-year hard market in auto
June 17, 2020 by Greg MeckbachAs the number of kilometres driven drops during the pandemic, consumers can expect to get a break on their auto insurance – and expect a hard market to pick up after the pandemic, Intact Financial CEO Charles Brindamour warns. “We…
One cheap way for cities to reduce basement flood risk
June 11, 2020 by Greg MeckbachThe Intact Centre on Climate Adaptation is encouraging Canadian municipalities to follow the example of Nova Scotia municipalities that are distributing basement flood prevention tips to property owners with their tax bill. Starting Friday June 12, both the town and…
What surprises Intact about recent driving habits
May 11, 2020 by Greg MeckbachCanada’s largest property and casualty carrier observed a 50% drop after the middle of March in the distance driven by its auto clients, but the insurer’s usage-based telematics data suggest driving has started to pick up in recent weeks at…
The opportunity insurers are missing as COVID-19 cancels events
April 24, 2020 by Jason ContantAs large sporting and entertainment events get cancelled across Canada and the world as a result of COVID-19, the insurance implications affect not only event organizers themselves, but also promotional partners, licensees and businesses involved in merchandising. While event organizers…
Staging an Intervention
April 21, 2020 by David GambrillAs difficult as this may be for brokers to hear, market swings in the competitive environment of the P&C insurance industry are inevitable. During soft markets, when capacity is plentiful, companies will use that capacity to lower premium rates to…