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How much the Barrie tornado cost insurers
August 18, 2021 by Jason ContantSix tornadoes that hit Barrie and other communities in Ontario last month caused $75 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The EF-2 strength tornadoes impacted the communities of Barrie, Innisfil, Kawartha…
Hundreds of properties evacuated as wind prompts growth in B.C. wildfires
August 16, 2021 by Hina Alam - THE CANADIAN PRESSHigh winds intensified numerous wildfires burning in British Columbia, forcing more evacuation orders for residents in hundreds of homes late Sunday, says the BC Wildfire Service. Some of the largest and most dangerous fires are burning in the southern Interior…
What to tell your clients when their insurer goes bust
August 13, 2021 by Canadian Underwriter StaffWhat would happen if a property and casualty insurer were to go bust? Last week, thousands of Florida home owners were left scrambling for coverage when — during peak hurricane season — Sarasota-based Gulfstream Property & Casualty announced its liquidation…
Most Ontario wildfire evacuees headed home, one First Nation still evacuating
August 13, 2021 by The Canadian PressDRYDEN, Ont. – Most residents of First Nations in northwestern Ontario who were evacuated due to the threat of nearby wildfires are heading home. The province says hundreds of members of three communities — Pikangikum First Nation, Deer Lake First…
Some evacuation orders, alerts, lifted near B.C. wildfire but heat set to return
August 10, 2021 by The Canadian PressResidents of nearly 400 properties on one flank of a destructive wildfire in British Columbia’s southern Interior are being allowed to head home. The Thompson-Nicola Regional District has downgraded an evacuation order to an alert. It has also issued an…
BrokerLink doubles size in Atlantic Canada, buys brokerages in Ontario and Alberta
August 9, 2021 by Jason ContantBrokerLink has doubled its presence in Atlantic Canada and is now one of the largest brokerages on the east coast following its acquisition of Archway Insurance and South Coast Insurance Agency Limited. BrokerLink, a subsidiary of Intact Financial Corporation, announced…
Westland acquires brokerages in B.C. and Ontario
August 6, 2021 by Jason ContantWestland Insurance Group Ltd. has expanded their footprint in British Columbia and Ontario with the acquisition of two brokerages. The large independent Canadian-owned brokerage announced Wednesday the acquisition of National Brokers Insurance Services Inc. in Ontario and Lambert Insurance Agencies…
July hailstorm in Calgary caused $247 million in insured damage: CatIQ
August 6, 2021 by Canadian Underwriter StaffA massive hailstorm that hit Calgary on July 2 caused $247 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). Hail, rain and wind damage from the severe storm resulted in extensive flooding of…
Wildfire devastates community of Monte Lake in B.C.’s southern Interior
August 6, 2021 by The Canadian PressMONTE LAKE, B.C. – Another British Columbia community has been devastated by a raging wildfire and more could be at risk from a blaze in the southern Interior between Kamloops and Vernon. Ken Gillis, chairman of the Thompson-Nicola Regional District,…
Top 3 ways Mother Nature can ruin your cottage
August 5, 2021 by Canadian UnderwriterWater is often touted as “the new fire,” but not in cottage country, where fire still ranks as the Number 1 cause of loss. “In personal lines, we have seen water become the new fire, or in some cases surpass…
The claims impact of the B.C. wildfires
August 5, 2021 by Jason ContantWildfires raging across British Columbia have resulted in a lot of additional living expenses (ALE) claims, a property restoration firm told Canadian Underwriter Wednesday. “There’s just a lot of increases on the ALE [claims],” Shane Swinson, senior vice president, insurance…
Sixth First Nation in northwestern Ontario evacuating due to forest fires
August 5, 2021 by The Canadian PressTORONTO – Members of a sixth First Nation in northwestern Ontario are being evacuated due to the threat posed by wildfires. The Ontario government says about 200 members of the Wabaseemoong First Nation are expected to be evacuated from the…