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Drought weakened trees, fall storms could mean more power outages: BC Hydro
September 17, 2021 by The Canadian PressVANCOUVER – Residents across British Columbia are being advised to prepare a well-stocked emergency kit for what BC Hydro warns could be a stormy fall and winter made worse by the effects of a severe summer drought. The latest report…
Why Intact CEO predicts more rate increases for homeowners
September 16, 2021 by Greg MeckbachDespite a significant industry-wide drop, over three years, in home insurance loss ratios, the CEO of Canada’s biggest carrier is predicting rate increases. “In home insurance, our perspective is that we will see a mid- to upper-single-digit rate increase environment,”…
Will Hurricane Larry meet the cat threshold?
September 14, 2021 by Greg MeckbachLosses to Canadian clients, from Hurricane Larry, seem to be comprised mainly of wind damage to residential property on Newfoundland Avalon’s peninsula, according to reports from adjusters so far. Hurricane Larry, which originated in the North Atlantic Ocean, passed by…
RATESDOTCA acquires LowestRates.ca
September 14, 2021 by Jason ContantEditor’s Note: This story has been updated to include information from RATESDOTCA. Rate comparison site RATESDOTCA has acquired fellow aggregator LowestRates.ca. LowestRates.ca will continue to operate as a separate site and independent source of financial services information and rates,…
Travel trailer fire in rural Nova Scotia claims six lives
September 13, 2021 by The Canadian PressMILLVALE, N.S. – The RCMP say the bodies of six members of a family were discovered Sunday evening following a fire in a travel trailer in rural Nova Scotia. Officers were called to Mountain Road in Millvale, N.S., Sunday evening…
What we know so far about Canadian Hurricane Larry claims
September 12, 2021 by Greg MeckbachKent Rowe cannot remember winds as bad as they were this past weekend in the Newfoundland and Labrador capital. “We saw gusts here in St. John’s of up to 145 kilometres an hour that lasted for about five or six…
Hurricane Larry makes landfall in eastern Newfoundland
September 11, 2021 by THE CANADIAN PRESSST. JOHN’S, N.L. – Hurricane Larry made landfall as a Category 1 storm in eastern Newfoundland, arriving near South East Bight around midnight local time, according to the National Hurricane Centre in Miami. The storm crashed inland on the western…
Hurricane Larry has arrived at this Canadian location
September 10, 2021 by Greg MeckbachHurricane Larry reached Placentia Bay, Nfld. shortly before midnight Friday night. Environment Canada warned southeastern Newfoundland residents Friday that high winds could topple trees, leading to downed power lines. At 11:57 p.m. Atlantic time (12:27 a.m. local time), the center…
New M&A deals involve Westland, Armour Group
September 9, 2021 by Jason ContantAfter a brief lull in mergers and acquisitions activity, the Canadian P&C insurance space has seen a surge in recent announcements. Large Canadian-owned brokerage Westland Insurance Group Ltd. said on Tuesday it had acquired two Alberta brokerages: Riverstone Insurance in…
Why this strata unit owner does not have to pay for common area damage
September 9, 2021 by Greg MeckbachA 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.…
How the hail peril is changing
September 8, 2021 by Jason ContantOnce 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…
New tropical storm warning for Atlantic Canada
September 7, 2021 by Greg MeckbachLarge 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…