Topic Property
Barrie tornado will cost more than originally estimated
October 28, 2021 by Greg MeckbachA bad storm system this past July will probably cost the industry about $100 million. On July 15, several tornadoes touched down in central Ontario. One caused irreparable damage to dozens of homes in Barrie, about 100 kilometres north of…
Hurricane Larry will probably cost the industry this much
October 27, 2021 by Greg MeckbachInsurers will probably pay out $25 million towards claims from Hurricane Larry. That is the initial estimate from Catastrophe Indices and Quantification Inc. (CatIQ), the Insurance Bureau of Canada said Wednesday in a press release. Hurricane Larry made landfall on…
Eagle Underwriting gets acquired, keeps own brand
October 26, 2021 by Greg MeckbachManaging general agent Eagle Underwriting Group Inc. has been acquired by GroupAssur, private equity firm Novacap Management Inc. announced Tuesday. “With Eagle, the objective was to get a broader spectrum of product,” said Jean-François Raymond, president of Montreal-based GroupAssur, in…
Tips for your clients to protect against cargo theft
October 20, 2021 by Jason ContantIf your clients are carrying cargo, they should take a comprehensive and layered approach to protecting these goods, a transportation expert from Travelers said recently. This comprehensive approach consists of three layers — good processes, procedures and practices; “hard security”…
Montreal-made website uses AI to show impacts of climate change on any address
October 14, 2021 by Tara Deschamps - THE CANADIAN PRESSTORONTO – Imagine Parliament Hill blanketed in orange skies, floodwaters climbing the sides of BC Place stadium or a thick layer of smog fogging the view of Halifax from Citadel Hill. These are all scenes depicted on a website published…
A fire season like none other
October 6, 2021 by Jason Contant, Online EditorEven as B.C. wildfires continue to burn, investigations begin and claims start rolling in.
As small business sentiment drops, Liberals pressed to give benefits extra life
October 6, 2021 by Jordan Press - THE CANADIAN PRESSOTTAWA – A group representing thousands of small businesses says uncertainty over the fate of federal pandemic supports is causing its members to lose confidence in their financial prospects, and pushing the Liberals to provide more life support for ailing…
Tornado blows change through Ontario bylaws
October 5, 2021 by Jason Contant, Online EditorMunicipalities respond to series of tornadoes with new rules governing building construction.
Warm… but no longer cosy
October 2, 2021 by Greg Meckbach, Associate EditorRising sea levels, more intense rainfall and an increase in fire weather are among the effects the Canadian industry could feel from climate change.
The good and bad news for commercial insurance
October 1, 2021 by Jason ContantThere’s good and bad news when it comes to commercial lines in the Canadian property and casualty insurance industry. The good news is there’s encouraging signs the commercial market is stabilizing, said Don Forgeron, president and CEO of Insurance Bureau…
Enbridge says Line 3 ‘substantially complete,’ will be in service on Friday
September 29, 2021 by Amanda Stephenson - THE CANADIAN PRESSCALGARY – Enbridge Inc.’s Line 3 pipeline replacement project, a critical piece of export infrastructure for Canada’s energy sector, will be in service on Friday. The pipeline giant said Wednesday the 1,765-km Line 3 – which will carry oil from…
Ontario government offers to help Wheatley recover from massive explosion
September 28, 2021 by The Canadian PressWHEATLEY, Ont. – A town in southwestern Ontario rocked by a massive explosion last month will be receiving up to $2 million from the provincial government to help with recovery efforts. The province says the funds will help businesses affected…