Topic Personal Home
Feds predict parts of Canada could see wildfires through winter
September 7, 2023 by The Canadian PressOTTAWA – The latest federal government forecast says Canada’s already unprecedented 2023 wildfire season could continue late into the fall or winter. Energy and Natural Resources Minister Jonathan Wilkinson says there is potential for increased wildland fire activity from eastern…
Adjusters provide update on B.C., N.W.T. wildfires
September 6, 2023 by Jason ContantWildfires in British Columbia and Northwest Territories continue to present a mixed bag of claims for P&C adjusters. Claims adjusters are seeing a variety of both residential and commercial losses. “Major loss, total losses and less severe claims as well,”…
Fire activity expected to kick up in N.W.T., Mounties warn against re-entering
September 1, 2023 by The Canadian PressYELLOWKNIFE – Fire activity along a key Northwest Territories highway is expected to kick up in the coming days, while Mounties say they’ll stop a potentially large group from trying to re-enter when an evacuation order is still in effect.…
Wildfire threat in B.C. continues as winds pick up during stormy weather
August 31, 2023 by The Canadian PressSeveral major wildfires continue to burn out-of-control in British Columbia’s Interior, where forecasted rain had been hoped to dampen blazes in parts of the Central Okanagan and the Shuswap. But Environment Canada data shows neither Kelowna’s airport nor Salmon Arm…
N.W.T. extends wildfire state of emergency
August 30, 2023 by The Canadian PressYELLOWKNIFE – A state of emergency in the Northwest Territories has been extended until Sept. 11. The territorial government declared it on Aug. 15 as wildfires threatened several communities, including the capital, Yellowknife. The move was meant to allow the…
Why secondary perils are of primary concern to insurers
August 25, 2023 by David GambrillSo-called “secondary perils” are now of primary concern for insurers, and the P&C industry needs to change its language and focus accordingly, Moody’s RMS says. Secondary perils include insured damage losses caused by natural catastrophes such as wildfires, hail or…
How much insurers can expect to pay for Canadian wildfires
August 23, 2023 by Alyssa DiSabatinoCanadian insurers could see between $700 million and $1.5 billion in insured losses from this summer’s wildfire season, DBRS Morningstar predicts in new commentary. Despite the high loss figures, the claims incurred in 2023 Q3’s wildfire season will be manageable…
Yellowknife mayor says it’s too unsafe for residents to return to the capital city
August 23, 2023 by Alyssa DiSabatinoYELLOWKNIFE — The mayor of Yellowknife says it’s not safe for residents to go home to the territorial capital, but notes city officials are working on a return plan as a fire continues to burn about 15 kilometres away. Most…
What P&C industry can expect from Kelowna wildfires
August 21, 2023 by David GambrillIn an eerie coincidence, almost 20 years to the day wildfires caused $200 million in insured damage back in 2003, Kelowna is burning once again. About 30,000 people in the southern Interior region of B.C. — about a third of…
Will insurance cover deductible when toilet overflows?
August 21, 2023 by Philip PoradoA strata apartment owner is entitled to collect a deductible from the owner of the unit above his own, following a toilet overflow that caused substantial damages to his apartment, British Columbia’s Civil Resolution Tribunal (CRT) has determined. In Meier…
Insurance partnership helps condo buyers bridge builder fees
August 21, 2023 by Philip PoradoAviva Canada said it’s invested in OneClose Inc., a technology company that provides a financial solution to help owners of newly built condos save on what are called ‘interim occupancy fees.’ “Consumers who buy a newly built condo in Ontario face a…
Homes ablaze in West Kelowna, B.C. after overnight wildfire
August 18, 2023 by The Canadian PressWEST KELOWNA, B.C. – Homes are currently ablaze in West Kelowna, B.C., after a devastating overnight battle with a wildfire that has already destroyed a significant number of properties. The fire has been “exponentially worse” than expected, says Jason Brolund,…