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Hundreds of properties on evacuation alert due to fire near Penticton, B.C.
August 31, 2021 by The Canadian PressVERNON, 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…
Evacuation orders and alerts drop in B.C. as number of wildfires holds steady
August 25, 2021 by The Canadian PressVANCOUVER – 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…
3 things that can reduce risk of property cat loss recurrence: Aviva Canada CEO
August 24, 2021 by Greg MeckbachFire 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…
Hub to acquire Aviva Canada subsidiary
August 24, 2021 by Jason ContantHub 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…
Crews fighting wildfires in B.C. aided by cooler and unseasonably low temperatures
August 24, 2021 by The Canadian PressVANCOUVER – 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…
Why fintechs look forward to open banking in Canada
August 20, 2021 by Greg MeckbachIf 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…
What separates cottage thefts from city thefts
August 19, 2021 by Canadian UnderwriterWith 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…
Intact Centre, Insurance Bureau react to latest Liberal election promise
August 19, 2021 by Greg MeckbachWednesday’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…
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…