MONTREAL – Climate change will likely bring more weather conditions to Ontario and Quebec that are favourable to the development of tornadoes, but it’s still unclear whether Central Canada will actually be hit by more of them, experts say. Severe…
Correction: The article has been amended to show Andrew Agencies has 22 locations, not 200 as previously reported. Canadian Underwriter apologizes for the error. On the heels of separate deals that closed at the beginning of the month, large…
FS Insurance Brokers (FSIB), a B.C. insurance broker that has common ownership with a strata property management company, has won a limited injunction against a new rule proposed by the province’s broker regulator, pending judicial review of the new rule.…
As smoke from almost 900 of Canada’s wildfires descends upon the United States, resurrecting media reports about air quality, Canadian property and casualty insurers have an eye on a different type of exposure — property damage claims due to wildfire…
The storm that hit Montreal on Thursday, downing trees and power lines and causing localized flooding, has been declared a catastrophe, Laura Twidle, president and CEO of Catastrophe Indices & Quantification Inc. (CatIQ) told Canadian Underwriter. A ‘catastrophe’ is an…
British Columbia’s disastrous wildfire season has set a new record for the total area burned in a year, with almost 14,000 square kilometres scorched and hundreds of fires burning across the province. The B.C. Wildfire Service website says 13,935 square…
The BC Wildfire Service says an “aggressive” fire that exploded in size over the weekend has cut off a highway on the central coast, while more than a dozen new blazes have been sparked since Sunday. The service says Highway…
For 2021, a year-in-review for the P&C industry began with the sunny news that it “was the most generally favourable for Canadian insurers in a long while.” But that same review ended with the suggestion that those rosy numbers may…
OTTAWA – The remains of totalled fences, blown-out windows and ripped-off roofs were scattered across a south-end neighbourhood in Ottawa on Thursday after a tornado hit with little warning. After the skies had cleared, families sat out on their porches…
While consumers might have noticed their insurance rates are still increasing, prices are flattening out compared to last year’s single- or double-digit increases, two new reports from Applied Systems showed. Commercial lines saw an overall rate increase of 7.39% in…
Canadian P&C brokerage merger and acquisition activity continues to burn red-hot in the second half of 2023, with large brokerages BrokerLink and Acera Insurance announcing a combined three deals recently. BrokerLink acquired Ontario-based Donnell Insurance Brokers Ltd. and New Brunswick-based…
VANCOUVER – Canada’s Emergency Preparedness Minister says he is expecting a “fairly substantive” request for help from British Columbia as wildfires worsen. Bill Blair tells The Canadian Press the government operations centre has been in discussions with the province for…