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Weather-related home repairs highest in Atlantic Canada: HomeStars survey
September 26, 2023 by The Canadian PressTORONTO – Homeowners in Atlantic Canada completed the highest number of emergency repairs due to weather-related events in the past year, according to HomeStars’ latest renovation report. One-third of homeowners across Canada who renovated or repaired their properties in the…
Brokers: Is your client’s dog “friendly?”
September 25, 2023 by David GambrillWhen two dog owners pass each other while walking their dogs, it is common to hear one ask of the other’s dog, “Friendly?” Perhaps that’s what personal lines home insurance brokers should be asking their dog-owning clients, since lawsuits against…
Environment Canada warns B.C. coast to prepare for heavy winds, rain
September 25, 2023 by Jason ContantRain and a wind storm are expected for much of British Columbia’s coast, bringing gusts as strong as 110 kilometres per hour. Environment Canada warnings cover both northern and eastern Vancouver Island, as well as Victoria, portions of the Sunshine…
How well the industry protects policyholders against insolvency
September 22, 2023 by Jason ContantCanada’s P&C insurance industry compensation fund will almost entirely protect both personal and commercial lines policyholders in the event of an insurer insolvency, a comprehensive review of coverage and benefits has found. Should an insurer member of the Property and…
Where 2023 Cat losses stand after summer storms
September 20, 2023 by David GambrillSummer storms in Alberta and the Prairies caused more than $300 million in insured losses, bringing the cumulative total of Cat losses to date in Canada to more than $2 billion — with another financial quarter to go in 2023.…
Forever chemicals: Is PFAS litigation coming to Canada?
September 19, 2023 by Alyssa DiSabatinoPer- and polyfluoroalkyl substances (PFAS) are the subject of a rising number of lawsuits in the U.S., and the industry can expect litigation to seep into Canada, says a risk professional. Also known as ‘forever chemicals,’ PFAS are a…
Behind IBC’s recent executive shuffle
September 18, 2023 by Jason ContantAmanda Dean is now interim vice president of Insurance Bureau of Canada’s (IBC) Ontario region, temporarily moving over from her role as IBC’s vice president of Atlantic Canada following a decision by IBC’s former Ontario vice president, Kim Donaldson, to…
400+ wildfires continue to burn across B.C. as new evacuation orders issued
September 18, 2023 by The Canadian PressWILLIAMS LAKE, B.C. – An evacuation order has been issued by Cariboo Regional District for 28 properties in the Horn Lake Area in central British Columbia. This comes as the BC Wildfire Service says fire behaviour on the nearby Hell…
Climate change not the leading cause of NatCat losses: Verisk
September 15, 2023 by David GambrillAlthough climate change is frequently cited as the Number 1 reason for higher natural catastrophes (NatCat) losses, increases in property exposure and repair costs are more significant short-term factors, according to a new report by Verisk Analytics. “Climate change is…
Lee update: Where the damage is likely to happen
September 14, 2023 by David GambrillNew Brunswick and Nova Scotia are bracing for flooding and high winds as Hurricane Lee approaches landfall in Atlantic Canada as a Category 1 storm. Currently showing wind speeds of 155 km/h, Lee is expected to become a strong tropical…
BrokerLink continues expansion with Atlantic Canada acquisition
September 13, 2023 by Jason ContantBrokerLink continues its growth in Atlantic Canada with the acquisition of Nova Scotia-based brokerage Roger E. Strum Limited. Headquartered in Windsor, N.S., Strum Insurance has offered professional guidance for home, auto, motorcycle, recreational vehicle, boat and business insurance for more…
Province aware of dike problems before destructive flooding in 2021, documents show
September 13, 2023 by Brenna Owen - THE CANADIAN PRESSOfficials with the British Columbia government and the City of Merritt were aware of significant problems with dikes for several years before a series of atmospheric rivers flooded the community, documents released through a freedom of information request show. The…