Canadian Underwriter

Topic NWT

Soccer field center and ball in top view.
News B.C.BrokersClaimsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

Want lower liability exposure for athletes? Don’t play sports in B.C.

March 21, 2023 by Alyssa DiSabatino

A recent Supreme Court of British Columbia case points to the difference between the standard of care for sports negligence claims in B.C. compared to the rest of Canada.   In Miller v. Cox, the court found that a recreational soccer

Oilsands refineries near Athabasca River
News AlbertaClaimsCommercialEnvironmentalNWTProperty

N.W.T. says lack of notice on oilsands tailings spill goes against deal with Alberta

March 7, 2023 by Bob Weber - THE CANADIAN PRESS

Alberta didn’t live up to the terms of a deal it has with the Northwest Territories to inform it about threats to its shared watershed after two major oilsands tailings spills, the territory’s environment minister said Friday. Shane Thompson said

Power lines in Ottawa knocked out by the May 22 derecho storm
News AlbertaB.C.CatastrophesClaimsEmerging RisksEnvironmentalInsurersLoss TrendsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.Personal AutoPersonal HomePropertyQuebecSaskatchewanYukon

Where 2022 tallies for insured damages in Canada

January 18, 2023 by Canadian Underwriter Staff

Severe weather events in 2022 gave Canada its third worst year for insured damage in the country’s history. Insured damage for severe weather events across Canada hit $3.1 billion last year, the third-highest total of NatCat losses in the nation’s

The abandoned Giant Mine in Yellowknife, NWT
News ClaimsCommercialEnvironmentalNWTProperty

Canada’s top five federal contaminated sites to cost billions to clean up 

November 29, 2022 by Emily Blake - THE CANADIAN PRESS 

YELLOWKNIFE – With a cost estimate of $4.38 billion, remediation of the Giant Mine, one of the most contaminated sites in Canada, is also expected to be the most expensive federal environmental cleanup in the country’s history.   The figure, recently

A red car has slid on the icy road and his into the freeway medium. A moderate traffic jam with two other white cars has occured
News AlbertaB.C.BrokersClaimsCommercial AutoInsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.Personal AutoQuebecSaskatchewanYukon

Will inflation stop Canadians from buying winter tires?

November 17, 2022 by Alyssa DiSabatino

Even when faced with the rising cost of living, 82% of Canada’s motorists believe investing in winter tires is important, said a new survey by the Tire and Rubber Association of Canada (TRAC).  However, brokers will be interested to know

Silhouetted shot of two businesspeople shaking hands in an office
News AlbertaB.C.BrokersHRInsurersManagementMergers and AqcuisitionsNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

Aspiring brokerage owners share the biggest obstacles for ownership

November 8, 2022 by Alyssa DiSabatino

What’s the biggest barrier to brokerage ownership for the 30% of brokers who aspire to one-day buy their own firm? Financing, according to results from a Canadian Underwriter online survey.  Of the 30% of broker respondents who want to own, exactly

Silhouetted shot of a young businesswoman looking at a cityscape from an office window
News AlbertaB.C.BrokersHRInsurersManagementManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioOperationsP.E.I.QuebecSaskatchewanYukon

The best way to support young prospective broker owners

November 4, 2022 by Alyssa DiSabatino

Mentorship and training are the best ways to support young brokers who aspire to senior leadership or brokerage ownership roles, say brokers responding to a Canadian Underwriter online survey. However, brokerage principals and their employees aren’t fully aligned on how

Gold mine in Yellowknife, NWT
News CommercialEmerging RisksEnvironmentalNunavutNWT

Mining industry digs into alternative methods as risks rise

October 20, 2022 by Ian Bickis - THE CANADIAN PRESS

In the North, some mines risk leaking acid if the permafrost melts, while across Canada heavier rainfall will add strain to tailings dams and a lack of it could throw operations. While no strangers to extreme weather, the growing risks

Megaphone signifying an announcement
News AlbertaB.C.BrokersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.SaskatchewanYukon

Key industry association names new board members and executives

September 29, 2022 by Canadian Underwriter Staff

New board of directors members and executive officers were named by the Insurance Brokers Association of Canada (IBAC) following confirmation of those appointments Sept. 22 during the association’s annual general meeting in St-Andrews-By-The-Sea, N.B. The executive committee will now be

two miniature white houses resting in a puddle outside
News AlbertaB.C.InsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

Feds’ task force reveals preferred flood insurance models

August 30, 2022 by Alyssa DiSabatino

A federal government task force on flood insurance is leaning toward the public insurer and layered public insurer models of flood insurance programs for Canada. The public insurer model features a Crown corporation that underwrites comprehensive flood insurance through the

Wildfire in a heavily forested area of Northwest Territories
News ClaimsEnvironmentalNWTPersonal Home

Territory’s 2022 wildfire season has nearly doubled five-year average for area burned

August 30, 2022 by Emily Blake - THE CANADIAN PRESS

YELLOWKNIFE – The 2022 wildfire season in the Northwest Territories is shaping up to be one of the most severe in the past five years. “We’re well on our way to doubling our five-year average for area burned,” said Mike

Smoke and fire burns through a dense evergreen forest
News AlbertaB.C.Emerging RisksEnvironmentalInsurersNWTSaskatchewan

Why B.C’s heat dome puts the industry on alert for wildfires

August 18, 2022 by Alyssa DiSabatino

A heat wave building across western Canada and the Prairies could worsen wildfires, which have already burned more hectares this year over last despite fewer fires to date, one industry expert observes. This week, Alberta, British Columbia and Saskatchewan will