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Storm causes damage but Edmonton Oilers arena structurally sound: mayor

July 17, 2020 by THE CANADIAN PRESS

Edmonton’s mayor says a preliminary assessment shows storm damage to Rogers Place is not structural and the arena will be able to hold upcoming National Hockey League games. Don Iveson says photos of Thursday night’s flooding and damage to the

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How pandemic is making a common marine risk problem worse

July 16, 2020 by Greg Meckbach

The pandemic is making it difficult for shipping companies to get spare parts and technical professionals aboard to perform essential maintenance and repair, a new report from Allianz Global Corporate & Specialty suggests. For the insurance industry, the most common

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Why Intact is named in lawsuit over COVID business interruption coverage

July 10, 2020 by Greg Meckbach

More than a dozen Canadian property & casualty insurers, including the largest in the nation, are named in a new proposed class-action lawsuit over business interruption coverage during the COVID-19 pandemic. The notice of action was filed July 6 with

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Flash storm hits same areas of Toronto as in 2013 Cat event. Was the damage the same?

July 9, 2020 by Adam Malik

Toronto is drying out from another sudden thunderstorm, but claims professionals may have dodged an even bigger workload thanks to the storm quickly moving out. “We’ve seen worse,” Glenn McGillivray, managing director at the Institute for Catastrophic Loss Reduction (ICLR),

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Three found dead after downtown motel fire in Prince George, B.C

July 9, 2020 by THE CANADIAN PRESS

PRINCE GEORGE, B.C. – The RCMP say the bodies of three people have been found at the scene of a motel fire in downtown Prince George, B.C. Cpl. Craig Douglass says emergency services were called to the Econo Lodge City

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Bar owners that offer rare wine and spirits carve takeout business model

July 8, 2020 by Salmaan Farooqui -  THE CANADIAN PRESS

TORONTO – Bar and restaurant owners who deal in specialty alcohol say they’ve carved out a new business model around Ontario’s relaxed rules for takeout liquor, and they’ll fight to make the system permanent. In late March, the Ontario government

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How liability for deductibles on strata claims is changing in B.C.

July 3, 2020 by Greg Meckbach

Strata unit owners might see a reduction in liability risk for common-area damage if a recently-tabled bill is passed in British Columbia. “Right now, if a water pipe bursts in a bathroom due to manufacturer error and leaks beyond common

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Flood warnings issued as B.C.’s major rivers surge, rainfall continues

July 3, 2020 by Amy Smart - THE CANADIAN PRESS

VANCOUVER – Heavy rainfall has caused rivers to surge across much of British Columbia, washing out roads and putting many communities on alert. The River Forecast Centre has issued flood warnings, its highest alert, for the areas around the upper

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A new regime for tow truck regulations? What auto insurers want to see

July 2, 2020 by David Gambrill

Auto insurers are applauding Ontario’s creation of a new government task force to improve provincial oversight of the tow truck industry, citing the possibility of reducing insurance fraud and associated premium reductions for consumers. “IBC applauds the Ontario government for

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Three injured, including firefighter, in house fire in Toronto’s Little Italy

June 29, 2020 by THE CANADIAN PRESS

TORONTO – Two residents and a firefighter have been injured in an early morning house fire in Toronto’s Little Italy neighbourhood. Emergency crews were called to a home near College Street and Manning Avenue at 1:25 a.m. for a fire

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How ‘actual cash value’ could be affecting some Alberta hail victims

June 26, 2020 by Greg Meckbach

If some Alberta homeowners are only getting a small fraction of the cost to repair properties damaged in the recent hail storm, that could be the result of choosing a policy that only covers actual cash value, Insurance Bureau of

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Public reaction to insurers ‘could get ugly’ after Calgary hail storm: Broker

June 25, 2020 by Greg Meckbach

The industry’s reputation could take a beating in the aftermath of the devastating June 13 Alberta hail storm if misleading rumours are spread by people who do not understand how insurance works, an official with the province’s broker association warns.