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Why this strata unit owner does not have to pay for common area damage

September 9, 2021 by Greg Meckbach

A British Columbia condo corporation that charged a unit owner $25,000 for common property repairs has been ordered to reverse $15,000 of the charge. Claire Adamson owns a strata unit which she rents out. Adamson lives at a different address.

News AlbertaBusiness InterruptionCatastrophesClaimsClaims ProfessionalsEmerging RisksPersonal AutoPersonal HomePropertyRisk Managers

How the hail peril is changing

September 8, 2021 by Jason Contant

Once confined mostly to “hail alley” regions such as south and central Alberta, Texas and Colorado, hailstorms are now doing damage across North America in plenty of regions considered low-risk, says a new white paper from RIMS, the risk management

News CatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss TrendsNewfoundland & LabradorNova ScotiaPersonal HomeProperty

New tropical storm warning for Atlantic Canada

September 7, 2021 by Greg Meckbach

Large waves could hit Canada’s Atlantic coast this Thursday as Hurricane Larry moves north, Environment Canada warns. UPDATE – What we know so far about Canadian Hurricane Larry claims On Tuesday morning, the Category 3 hurricane was causing winds of

News ClaimsInsurersPersonal AutoPersonal HomeSaskatchewan

This weather event resulted in 7,200 claims

September 7, 2021 by Jason Contant

An intense storm that swept through parts of Regina and elsewhere in Saskatchewan last week has resulted in more than 7,200 claims to date, the province’s government auto insurer said Tuesday. The Aug. 31-Sept. 1 storm brought golf ball-sized hail

BC forest fire
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Hundreds of properties on evacuation alert due to fire near Penticton, B.C.

August 31, 2021 by The Canadian Press

VERNON, B.C. – A planned ignition covering around 30 square kilometres is underway at the northeast corner of the destructive White Rock Lake wildfire west of Vernon, B.C., while hundreds of properties have been put on evacuation alert due to

Helicopters fly past the Tremont Creek wildfire as it burns on the mountains above Ashcroft, B.C., on Friday, July 16, 2021. THE CANADIAN PRESS/Darryl Dyck
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Evacuation orders and alerts drop in B.C. as number of wildfires holds steady

August 25, 2021 by The Canadian Press

VANCOUVER – Emergency Management BC says about 3,700 properties were on evacuation order on Wednesday, down from nearly 8,200 a week ago. A news release says nearly 11,300 properties were on evacuation alert – which means people must be ready

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3 things that can reduce risk of property cat loss recurrence: Aviva Canada CEO

August 24, 2021 by Greg Meckbach

Fire resistant cement board siding, hail-resilient asphalt shingles and backwater valves are among the measures property owners can implement now to protect their assets from climate-related disasters, Aviva Canada CEO Jason Storah suggested Tuesday. “We have enough scientific data to

home insurance and mortgage
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Hub to acquire Aviva Canada subsidiary

August 24, 2021 by Jason Contant

Hub International Limited announced Tuesday it has signed a purchase agreement to acquire the Aviva Canada subsidiary that provides new home warranty in British Columbia and Alberta. The terms of the acquisition of National Home Warranty Group Inc. were not

B.C. wildfires
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Crews fighting wildfires in B.C. aided by cooler and unseasonably low temperatures

August 24, 2021 by The Canadian Press

VANCOUVER – The BC Wildfire Service says cooler and below seasonal average temperatures have helped crews fight the blazes. Fire information officer Taylor Colman says crews are seeing between three and five fires start each day compared with about 40

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Why fintechs look forward to open banking in Canada

August 20, 2021 by Greg Meckbach

If open banking becomes available to Canadians in 2023, fintechs could find opportunities to cross-sell financial services including insurance, a venture capital expert suggests. Generally speaking, fintechs are looking forward to open banking coming into effect, said Laviva Mazhar, Montreal-based

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What separates cottage thefts from city thefts

August 19, 2021 by Canadian Underwriter

With provinces across Canada lifting mobility restrictions, one survey by InsuranceHotline.com shows that 23% of Canadians are ready for a getaway — perhaps to the cabin near trees, beaches and the lake. But some cottagers may be in for a

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Intact Centre, Insurance Bureau react to latest Liberal election promise

August 19, 2021 by Greg Meckbach

Wednesday’s Liberal election promise answers a call from Canada’s property and casualty insurance industry for a national standard for scoring properties on their resilience to weather-related disasters. In a speech in British Columbia Wednesday, Prime Minister Justin Trudeau promised a