Topic Personal Home
Average personal auto premiums drop in Q3 2021; personal property up
October 21, 2021 by Phil PoradoPersonal auto premium average dropped 2.7% in 2021’s third quarter compared with the same period a year ago but rose 9.4% when compared to second quarter 2021, according to the latest Applied Rating Index, which reports Canada-wide personal auto and…
B.C. seeks forfeiture of $2.8M condo owned by alleged COVID-19 violator
October 19, 2021 by The Canadian PressVICTORIA – A civil action has been filed in British Columbia Supreme Court that could see the owner of a condo in Vancouver stripped of his property after allegedly violating COVID-19 restrictions. The director of civil forfeiture filed the claim…
Wildfire that destroyed Lytton, BC was not train-related, safety board finds
October 15, 2021 by Jason ContantThere is no evidence that railway operations contributed to the wildfire that destroyed the town of Lytton, British Columbia this summer, an investigation from the Transportation Safety Board of Canada (TSB) has found. “The TSB has not identified any link…
Why open banking could ‘terrify’ brokers
October 8, 2021 by Greg MeckbachIf open banking comes to Canada, this could make it easier for fintechs and banks to offer embedded insurance and it will be hard to stop firms from using open banking data for underwriting purposes, a technology executive predicts. Open…
Home insurance can be more expensive in smaller towns: experts
October 8, 2021 by Salmaan Farooqui - THE CANADIAN PRESSAs some Canadians are priced out of larger cities and look to move to smaller communities, insurance experts say homebuyers should be aware that life in a small town can often mean higher home insurance premiums. According to financial products…
The latest acquisitions from Westland and Hub
October 7, 2021 by Jason ContantLarge brokerages Westland Insurance Group Ltd. and Hub International Limited have both announced recent mergers and acquisitions activity. On Tuesday, Surrey, B.C.-headquartered Westland said it had acquired personal and commercial lines brokerage Insurance Unlimited in Mississauga, Ont. The following day,…
Phasing out gas generation by 2030 would lead to blackouts, higher bills, report says
October 7, 2021 by The Canadian PressTORONTO – Ontario’s electricity system operator says phasing out natural gas generation by 2030 would result in rotating blackouts and higher electricity bills. The Independent Electricity System Operator examined the idea after 31 municipal councils in the province called for…
A fire season like none other
October 6, 2021 by Jason Contant, Online EditorEven as B.C. wildfires continue to burn, investigations begin and claims start rolling in.
Tornado blows change through Ontario bylaws
October 5, 2021 by Jason Contant, Online EditorMunicipalities respond to series of tornadoes with new rules governing building construction.
Empty nest: How to talk to your clients about vacant home policies
September 29, 2021 by Brooke SmithClients may need a vacant home policy for several reasons. “The most common one right now is people purchasing properties and looking to either improve them or completely rebuild,” said Rhys Doiron, group home & auto coordinator with Ontario brokerage…
Brokers must explain what’s included in homeowners’ policies
September 28, 2021 by Brooke SmithHome is where the heart is. But if your clients aren’t passionate about their home insurance policies, it’s your job to help them understand their coverages. While one part of a homeowner’s policy covers the building itself and the belongings…
Storms in Saskatchewan and Alberta cost $120 million: CatIQ
September 27, 2021 by Jason ContantTwo storms this summer across Saskatchewan and Alberta caused a total of $120 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). Severe storms beginning Aug. 31 brought flash flooding and large hail that…