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…
Intact Financial Corporation saw an estimated $335 million in catastrophe losses in Canada for the second quarter of 2023, the insurer revealed in a release. Comparatively, the company handled over a million claims and paid out over $10 billion globally in…
While inflation’s pace has eased in Canada, it’s still expensive to put homeowners back into their properties after a fire, flood, wind or other event. That’s because lingering supply chain and labour-shortage issues are extending restoration timelines. And that’s increasing…
With heavy rains triggering flooding and landslides in parts of Quebec, some clients may understandably have questions about which perils are covered under their insurance policies. Certain types of water damage are typically covered, while coverage for overland flooding or…
When a company has been cyber breached, they are obligated to tell their clients their data’s been leaked. But personal consumers may be more likely to bury their shame and eat the cost of the cyber scam—even to their detriment,…
COVID-19 restrictions led adjusters to shift claims work to desktop teams. The change was driven by client reluctance to meet in-person and employees’ desire to reduce site work until the risks were better understood. But those changes can make some…