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Tornado-damaged home near Carstairs, Alta.
News AdjustersAlbertaClaimsClaims Canada ArchiveClaims ProfessionalsEnvironmentalPersonal AutoPersonal Home

Will powerful Alberta tornado be declared a Cat? 

July 7, 2023 by Jason Contant

A powerful Canada Day tornado that swept through a section of rural Alberta likely won’t result in much insured damage despite strong winds that reached an estimated 275 km/h.  The EF4 tornado tore through an area south of Didsbury, Alta.

Donnie Creek wildfire in B.C.
News CatastrophesClaimsClaims Canada ArchiveEnvironmentalPersonal Home

Record-breaking wildfire season will continue to burn hot for months: officials

July 6, 2023 by The Canadian Press

OTTAWA – Natural Resources Canada says the country’s record-breaking wildfire season will continue to be abnormally intense throughout July and into August. The projections are based on anticipated high temperatures, dry conditions and historical comparisons. The risk is expected to

3D render and image composing: Topographic Map of Canada. Including country borders, rivers and accurate longitude/latitude lines.
News AlbertaB.C.BrokersCatastrophesClaimsCommercialEmerging RisksEnvironmentalInsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.Personal HomePropertySaskatchewanYukon

Brokers, insurers differ on the value of numerous flood products for home owners

July 4, 2023 by Alyssa DiSabatino

Canada’s property and casualty insurance brokers have long maintained the need for a unified flood map, but insurers want to compete on their proprietary flood maps, and the ongoing differences between brokers and their insurance partners on this point became

Rebranding concept
News BrokersHRNew BrunswickNewfoundland & LabradorNova ScotiaOperationsP.E.I.Personal AutoPersonal Home

Two insurance agencies rebrand as belairdirect

July 4, 2023 by Jason Contant

Intact Financial Corporation subsidiary belairdirect has announced that agencies Johnson Insurance and Anthony Insurance will both rebrand as belairdirect. Beginning this fall, the car and home division of Johnson Insurance will gradually rebrand to belairdirect, with the group benefits and

Christchurch cathedral in New Zealand following the 2011 earthquake.
News ClaimsEmerging RisksInsurersLoss ControlLoss TrendsPersonal HomeProperty

What Canadian insurers can learn from a New Zealand earthquake

June 30, 2023 by Philip Porado

Private property and casualty (P&C) insurers can’t be the sole providers of coverage for peak peril because they cannot efficiently assume extreme tail risk. That’s a key takeaway for Canada’s P&C insurers from a catastrophic 2011 earthquake in Christchurch, New

Agent with couple shaking hands closing a deal
News ClaimsInsurersLegalLiabilityPersonal Home

Brokers, not insurers, advise clients of valuation changes

June 29, 2023 by David Gambrill

An insurer does not displace the role of the broker if the insurer conducts its own independent replacement cost valuation (RCV) and comes up with a different number than the broker submits, the Ontario Superior Court confirmed Tuesday. It remains

Airbnb rental
News B.C.CommercialPersonal HomeProperty

What the court said about a condo owner using his unit for Airbnb 

June 29, 2023 by Jason Contant

British Columbia’s Civil Resolution Tribunal has ordered a strata corporation to direct one of its council members to stop using a unit for short-term accommodations (STAs) after finding the council member violated a strata bylaw.  The case centred around Bylaw

A picture of the SiniSTAR home-sharing technology
News AlbertaB.C.ClaimsClaims ProfessionalsClaims TechnologyInsurersPersonal HomePropertyQuebecTechnology

Home-sharing app specifically for insurance to go national

June 28, 2023 by David Gambrill

Tens of thousands of Canadians have been forced to evacuate because of an active wildfire season, and a new home-sharing digital platform dedicated to insurance is expanding nationally to help adjusters find temporary accommodations for insureds whose homes have been

Canada risk of earthquake
News B.C.ClaimsEmerging RisksInsurersOntarioPersonal AutoPersonal HomePropertyQuebec

Which peril might bankrupt the Canadian P&C industry?

June 28, 2023 by Canadian Underwriter Staff

Ottawa’s effort to build policy around flood risk in the face of climate change is important, but it overlooks a peril that could be far more catastrophic for Canadian P&C insurers, Alister Campbell, president and CEO of Property and Casualty

Map of Canada
News BrokersCommercialCommercial AutoManagementMergers and AqcuisitionsNew BrunswickNova ScotiaOperationsP.E.I.Personal AutoPersonal HomeProperty

Large Canadian brokerage now operating coast to coast

June 28, 2023 by Jason Contant

Editor’s Note: An original version of this article incorrectly identified Western Financial Group as Westland. Canadian Underwriter apologizes for the error.   Western Financial Group now operates coast to coast following its full acquisition of Huestis Insurance and Associates Ltd.

Economic and geopolitical risks have insurers walking a tightrope in 2023
News BrokersCatastrophesCommercialCommercial AutoConstructionEmerging RisksPersonal AutoPersonal HomePropertyTrusted Advisor

Despite easing inflation, P&C insurers face challenges

June 27, 2023 by Philip Porado

Canada’s May inflation rate slipped to an annualized 3.4%, Statistics Canada said Tuesday. That’s the lowest rate in two years and solidly below the 4.4% annual rate posted in April. It’s also in line with the Bank of Canada’s efforts

Success and strategy concept
News BrokersCommercialManagementMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal Home

Meet CBN’s latest member brokerage

June 27, 2023 by Jason Contant

Ontario-based My Insurance Broker (MIB) has joined the Canadian Broker Network (CBN). Based in Richmond Hill, MIB offers a variety of insurance products including home (as well as cottage and condo insurance), auto (Uber insurance, online auto quotes, motorcycle and