Canadian Underwriter

Topic NWT

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

An electric vehicle charging station in Yellowknife, NWT
News EnvironmentalNWTPersonal Auto

Territory working to develop electric vehicle-charging corridor

August 2, 2022 by Emily Blake - THE CANADIAN PRESS

YELLOWKNIFE – Electric vehicles are a rare sight in Canada’s North, with challenges such as frigid winter temperatures and limited infrastructure. The Northwest Territories is hoping to change that. The territorial government plans to develop a vehicle-charging corridor between the

Stormy sky with a wall of clouds
News AlbertaB.C.BrokersEnvironmentalInsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

Will this week’s weather events result in Cat damages?

July 25, 2022 by Alyssa DiSabatino

While Europe is experiencing record-breaking heat waves, western Canada had some severe heat and storms of its own between July 16-20. And although they were expected to have caused millions in damage, it won’t breach catastrophe territory, according to Aon’s

Midnight sun shines through forest fire smoke in Great Slave Lake, NWT
News ClaimsEnvironmentalNunavutNWTYukon

Wildfire smoke, heat warnings up for many parts of Canada’s North

July 14, 2022 by The Canadian Press

WHITEHORSE – Several parts of Northern Canada are enveloped in smoke from wildfires along with unusually high seasonal temperatures. Yukon has seen a huge leap in the number of blazes with just over 846 square kilometres of land scorched this

Two individuals walking in front of a Rogers storefront.
News AlbertaB.C.BrokersBusiness InterruptionClaimsInsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.

Are businesses covered for a telecom’s “maintenance oops”?

July 11, 2022 by Alyssa DiSabatino

Despite Interac payment systems and phone lines being down, most businesses will not have insurance coverage for any type of income loss as a result of the national Rogers outage on Friday, says one insurance expert.   The outage, which

A small Canadian flag is staked out on top of a map of Canada
News AlbertaB.C.CatastrophesEnvironmentalInsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

Canada’s most-exposed flood regions

June 10, 2022 by Alyssa DiSabatino

Quebec has the highest historical average annual loss (AAL) for flood faced by any region across the country, at $861.3 million, but Yukon’s average annual loss per residential address (RA) stands at $925, well above Quebec’s $229 loss per residence.

Delta flooding after hurricane.
News AdjustersAlbertaB.C.BrokersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsClaims TechnologyEnvironmentalLoss ControlLoss TrendsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.Personal AutoPersonal HomePropertyQuebecSaskatchewanTechnologyYukon

How to speed up claims response for NatCats

May 25, 2022 by Yasser Korany, Mario Delorme and Mazen Habash

Extreme weather events have become common, some bringing unprecedented levels of destruction to structures and facilities, overwhelming owners, property managers and insurers. In response, nearly all major insurers have created centralized Cat units dedicated to handling claims arising from extreme