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How insurtech Lemonade’s IPO is going so far

July 3, 2020 by Greg Meckbach

Despite the pandemic-induced economic downturn, an insurtech that promises tenants quotes within minutes started trading this week on the New York Stock Exchange. Shares of Lemonade Inc. rose sharply July 2, closing at US$69.41, more than double the price at

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Flood warnings issued as B.C.’s major rivers surge, rainfall continues

July 3, 2020 by Amy Smart - THE CANADIAN PRESS

VANCOUVER – Heavy rainfall has caused rivers to surge across much of British Columbia, washing out roads and putting many communities on alert. The River Forecast Centre has issued flood warnings, its highest alert, for the areas around the upper

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What was abnormal about June Calgary hail storm

July 2, 2020 by Greg Meckbach

Alberta’s hailstorm in mid-June was so severe that some homes suffered interior damage as a result, an independent adjusting firm reports. “We have seen skylights completely blown out to the point that the hail that impacted that skylight also impacted

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Dam threatened by water levels in rural Manitoba, some residents evacuate

July 2, 2020 by THE CANADIAN PRESS

RIVERS, Man.  – A rural Manitoba mayor says some people and livestock have been evacuated from his community because high water levels are threatening a dam. Rural Municipality of Riverdale Mayor Todd Gill says 38 households in the Little Saskatchewan

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Three injured, including firefighter, in house fire in Toronto’s Little Italy

June 29, 2020 by THE CANADIAN PRESS

TORONTO – Two residents and a firefighter have been injured in an early morning house fire in Toronto’s Little Italy neighbourhood. Emergency crews were called to a home near College Street and Manning Avenue at 1:25 a.m. for a fire

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How ‘actual cash value’ could be affecting some Alberta hail victims

June 26, 2020 by Greg Meckbach

If some Alberta homeowners are only getting a small fraction of the cost to repair properties damaged in the recent hail storm, that could be the result of choosing a policy that only covers actual cash value, Insurance Bureau of

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Public reaction to insurers ‘could get ugly’ after Calgary hail storm: Broker

June 25, 2020 by Greg Meckbach

The industry’s reputation could take a beating in the aftermath of the devastating June 13 Alberta hail storm if misleading rumours are spread by people who do not understand how insurance works, an official with the province’s broker association warns.

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Auto total loss claims escalate after Calgary hail storm: IBC

June 24, 2020 by Greg Meckbach

The industry is expecting well over 20,000 claims from the recent Alberta hail storm, and some vehicles were wrecked badly enough that they have to be written off, the Insurance Bureau of Canada reports. “We are hearing from several consumers

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How pandemic could complicate claims adjusting after Alberta hail storm

June 22, 2020 by Greg Meckbach

The COVID-19 pandemic could complicate the movement of adjusters if help is needed from south of the border to deal with the aftermath of the recent southern Alberta storm. “I think customers by and large are recognizing that it’s complicated

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Hot line: Why residential fire frequency is up

June 16, 2020 by Greg Meckbach

The surge in people working from home has brought an increase in home cooking fires, risk and insurance professionals observe. “You are seeing a spike in residential fires in condos and rental units because people are at home more and

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One cheap way for cities to reduce basement flood risk

June 11, 2020 by Greg Meckbach

The Intact Centre on Climate Adaptation is encouraging Canadian municipalities to follow the example of Nova Scotia municipalities that are distributing basement flood prevention tips to property owners with their tax bill. Starting Friday June 12, both the town and

News BrokersInsurersPersonal HomeTechnology

How to make tenant insurance applications more user-friendly

June 10, 2020 by Greg Meckbach

If you think it is easy for clients to apply for tenant insurance, you might want to consider how much trivia those tenants actually know about the property they occupy. “Every insurance application has questions that aren’t user-friendly and they