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Topic Property

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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

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsOntarioPersonal HomeProperty

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

News AdjustersAlbertaCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsNova ScotiaPersonal HomePropertyTrending

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.

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Auto total loss claims escalate after Calgary hail storm: IBC

June 24, 2020 by Greg Meckbach

The industry is expecting well over 20,000 claims from the recent Alberta hail storm, and some vehicles were wrecked badly enough that they have to be written off, the Insurance Bureau of Canada reports. “We are hearing from several consumers

News AlbertaCatastrophesPropertyTrending

How Alberta brokers are faring with hail claims

June 23, 2020 by Greg Meckbach

Brokers with clients in northeast Calgary are getting overwhelmed with claims from the June 13 storm, a board member of the province’s association says. “You can just hear the exasperation in their voice when you talk to them, and the

News B.C.CommercialInsurersLoss ControlPropertyTrending

B.C. proposes ‘first step’ amendments to laws governing condo insurance

June 23, 2020 by THE CANADIAN PRESS

VICTORIA – The B.C. government says proposed legislation it has introduced takes first steps to address concerns about sky-high costs and availability of insurance for condominiums and other shared properties. Housing Minister Selina Robinson says the legislation proposes to amend

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How pandemic could complicate claims adjusting after Alberta hail storm

June 22, 2020 by Greg Meckbach

The COVID-19 pandemic could complicate the movement of adjusters if help is needed from south of the border to deal with the aftermath of the recent southern Alberta storm. “I think customers by and large are recognizing that it’s complicated

News ClaimsClaims Canada ArchivePropertyQuebec

Out of control forest fire in Lac St Jean likely sparked by poorly extinguished campfire

June 22, 2020 by Sidhartha Banerjee - THE CANADIAN PRESS

MONTREAL – An improperly extinguished campfire is the likely cause behind a massive blaze in Quebec’s Lac-St-Jean region that remains out of control, Quebec’s Forestry Minister told a briefing on Sunday. “This photo is possibly where fire started,” Pierre Dufour

News B.C.CommercialProperty

B.C. report says condo insurance market ‘unhealthy,’ premiums up 40 per cent

June 16, 2020 by THE CANADIAN PRESS

VANCOUVER – A report commissioned by the B.C. government says insurance premiums for condominium buildings have increased by as much as 40 per cent year over year while deductible costs have tripled. Blair Morrison, chief executive officer of The B.C.

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Afterburn

April 8, 2020 by Greg Meckbach, Associate Editor

Home insurers in Quebec may be on the hook for major fire losses on their property policies in the aftermath of an earthquake

Feature BrokersCommercialLoss ControlLoss TrendsPropertyRisk ManagersTrusted Advisor

Sticker Shock

April 1, 2020 by Greg Meckbach, Associate Editor

How will underwriters assess your organization’s commercial property risk? A guide to help risk managers avoid renewal surprises in a tough market environment