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Industry vet joins new brokerage
February 7, 2023 by Alyssa DiSabatinoIndustry veteran Paul Martin has been appointed as chief operating officer of Lawrie Insurance Group. Previously, Martin was president and COO of KRG Insurance Brokers for more than 40 years — a position he maintained when KRG merged with RRJ…
Did negligence cause mice ingress and water leaks?
February 6, 2023 by Philip PoradoA British Columbia condo owner failed to show a strata corporation breached its duty to repair and maintain the irrigation system or the building’s waterproofing membrane. In Yoon v. The Owners, Strata Plan, the applicant, Bori Yoon, claimed the strata negligently…
Aviva Canada CEO on brokers’ role in climate change mitigation
February 6, 2023 by Alyssa DiSabatinoBrokers and insurers both said natcats and climate change will be the second biggest issue heading into 2023, according to a Canadian Underwriter survey last month. But one group is more vocal about climate change than the other, one CEO…
Action needed to prevent future fires on First Nations, organization says
February 3, 2023 by Fakiha Baig - THE CANADIAN PRESSA 10-year-old girl who died after a house fire on a northern Ontario First Nation might still be alive if firefighting and prevention resources her community has been seeking were in place, an organization representing 49 First Nations said Thursday. …
What a Canadian public earthquake backstop might look like
January 31, 2023 by David GambrillA federal government backstop designed to help private insurers cover high-risk flooding could be extended to protect Canadians from earthquake risk as well, Canada’s home, car and business insurers suggested in a release Tuesday. Meanwhile, in the absence of a…
B.C. to install earthquake warning sensors to give life-saving notice
January 27, 2023 by The Canadian PressVICTORIA – Up to 50 earthquake early warning sensors are being installed around British Columbia as part of a larger plan to protect people and infrastructure in a big quake. The sensors will be connected to the national Earthquake Early…
Southern Ontario digging out after winter storm, snow still falling in eastern parts
January 26, 2023 by The Canadian PressMuch of southern Ontario is cleaning up from a major winter storm, while snow remains in the forecast for parts of eastern Ontario. Ottawa and much of eastern Ontario have been under snowfall warnings, though Environment Canada has now ended…
How the recession will affect personal lines
January 24, 2023 by Alyssa DiSabatinoAn impending recession could mean unaffordability for personal lines policyholders who make up almost half (49%) of the industry’s direct property premiums, an expert at the Insurance Institute of Canada’s Industry Trends & Predictions: 2023 webinar said. Insurers will need to…
Claims denials on their way down, regulator reports
January 23, 2023 by David GambrillClaims denial ratios for the stressed business lines of aircraft, liability and marine — which spiked during the pandemic in 2020 — are starting to return to their pre-pandemic levels, according to the Canadian Council of Insurance Regulators (CCIR). “For…
Feds say ‘no willing partners’ to bring fire codes onto First Nations
January 23, 2023 by Stephanie Taylor - THE CANADIAN PRESSOTTAWA – The federal government does not have a willing partner to find a way to introduce fire codes on First Nation reserves, a newly released document shows. The senior director for the Indigenous Fire Marshal Service, however, says there…
$500,000+ payment ordered for uninsured B.C. tenants
January 20, 2023 by Philip PoradoA 2017 apartment fire that a B.C. Supreme Court judge ruled was ‘foreseeable’ led to an order to pay more than $500,000 to the building-owner plaintiff. In his decision in Langara Gardens Holdings Ltd. v. Chen (2023 BCSC 58), B.C.…
Landslides prompt B.C. city to declare state of emergency
January 20, 2023 by The Canadian PressCAMPBELL RIVER, B.C. – The City of Campbell River, B.C., has declared a state of local emergency to help it better deal with landslides that have forced some people from their homes. The city says a temporary evacuation order has…