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How satisfied Canadian consumers are with their insurer
May 26, 2023 by Alyssa DiSabatinoDespite the hard market slowing down service capabilities in some areas of the P&C industry, Canadian consumers seem satisfied with their insurance policies, according to a recent survey by insurance software company Duck Creek Technologies. Almost all insured Canadians…
BrokerLink president shares thoughts on brokerage M&A
May 24, 2023 by Jason ContantBrokerLink still sees plenty of M&A opportunities in provinces where it currently operates and doesn’t have any immediate plans to expand into new geographic areas, the brokerage’s president told Canadian Underwriter in an interview Tuesday. BrokerLink is focusing its resources…
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…
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…
McDougall-McFarlan merger just the beginning for Definity
May 15, 2023 by David GambrillMcDougall’s $232-million merger with Ontario brokerage McFarlan Rowlands last week is only the beginning for Definity, which is seeking more M&A growth to put it into the Top-5 P&C insurance companies in Canada. In its 2023 Q1 earnings call, Definity…
National disaster report highlights industry loss potential
May 12, 2023 by Alyssa DiSabatinoA major earthquake in British Columbia or the Ontario-Quebec region could become the costliest natural disasters Canada has seen, a new government of Canada report warns. Of pertinence to the industry, as insured damages for a severe earthquake could broach…
Military help on the way to battle ‘unprecedented’ Alberta wildfires, Bill Blair says
May 11, 2023 by Bill Graveland - THE CANADIAN PRESSFederal Emergency Preparedness Minister Bill Blair says Canadian Forces personnel are being deployed to help with an “unprecedented” wildfire situation in Alberta. Alberta has declared a state of emergency. There were 82 active wildfires as of Thursday morning, with 23…
High temperatures in B.C. pose threat of new wildfires
May 9, 2023 by The Canadian PressRain and cooler temperatures in northeastern British Columbia will help suppression efforts for two out-of-control wildfires, but high temperatures forecast for later this week may pose a new threat, says a BC Wildfire Service spokesman. Cliff Chapman, the director of…
Waters recede in parts of flood-ravaged B.C. as half of province remains under threat
May 8, 2023 by The Canadian PressCACHE CREEK, B.C. – Much of British Columbia’s Interior continued to be under the threat of flooding triggered by rain and warm weather Sunday, but water levels appeared to be receding at one of the hardest hit communities. Even…
Westland expands reach in Ontario with latest acquisition
May 5, 2023 by Jason ContantWestland Insurance has acquired Ontario-based First Durham Insurance & Financial Ltd., one of the largest and oldest full-service independent brokerages in the Durham Region. “Effective May 1, this acquisition helps Westland expand its reach in the important Ontario market,” Westland…
Thousands ordered to leave Alberta town due to wildfire
May 5, 2023 by The Canadian PressDRAYTON VALLEY, Alta. – An out-of-control wildfire has caused thousands of people to flee their homes in Drayton Valley, Alta., and the surrounding rural area. An evacuation order was issued Thursday night instructing more than 7,000 residents to leave the…