Topic Personal Home
What it’s like on the scene of the Nova Scotia wildfires
June 1, 2023 by Jason ContantTwo large wildfires burning in Halifax and Shelburne counties in Nova Scotia remain out of control, even as fire and additional living expenses (ALE) claims start to trickle in for insurers and adjusters. Some adjusters aren’t able to access the…
Sonnet teams with digital bank to offer group insurance
May 30, 2023 by David GambrillSonnet Insurance has teamed up with the digital bank Tangerine to offer customized digital home and auto insurance exclusively for Tangerine clients. “This relationship speaks to the needs of our like-minded customers who value digital-first experiences that are trusted, straightforward,…
Government announces aid for residents affected by spring flooding
May 30, 2023 by The Canadian PressWHITEHORSE – The Yukon government says it’s working to provide financial support and other help to residents and businesses hurt by ongoing flooding in the Klondike Valley. The government said 82 residents have signed up for emergency support services so…
What makes the Halifax wildfire so unique
May 29, 2023 by Jason ContantNova Scotia is no stranger to wildfire, but the out-of-control blaze burning in suburban Halifax is unique in its aggressiveness, Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction told Canadian Underwriter Monday. As of Monday afternoon, an…
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…