Canadian Underwriter

Topic Property

Boxes and plants stacked up by someone moving in to a new condo.
News Emerging RisksOntarioPersonal HomeProperty

Insurance partnership helps condo buyers bridge builder fees

August 21, 2023 by Philip Porado

Aviva Canada said it’s invested in OneClose Inc., a technology company that provides a financial solution to help owners of newly built condos save on what are called ‘interim occupancy fees.’ “Consumers who buy a newly built condo in Ontario face a

Smoke from wildfires fills the sky in Yellowknife
News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsCommercialEnvironmentalNWTPersonal HomeProperty

Adjusters handling early claims from N.W.T. wildfires 

August 17, 2023 by Jason Contant

Insurance adjusters are preparing for an influx of claims as wildfires continue to burn in Northwest Territories, with the capital city of Yellowknife coming under an evacuation order as the flames are predicted to arrive at the city’s doorstep on

Condo buildings in downtown Toronto
News BrokersCommercialOntarioProperty

Navacord acquires condo insurance provider

August 16, 2023 by Jason Contant

Navacord Corp. has announced the acquisition of Condominium Insurance Solutions (CIS), provider of one of the largest condo insurance programs in Ontario. Based in Markham, Ont., CIS’s offerings are tailored to meet the needs of the Condominium Act of Ontario

Agriculture and technology concept
News ClaimsClaims Canada ArchiveCommercialEmerging RisksInsurersOntarioPropertyTechnology

What will help reduce farm fire severity?

August 15, 2023 by Jason Contant

The severity of fire losses in the agricultural sector is increasing as Canadian farms get bigger in size and value, but technologies are available to help reduce the frequency of that severity, a farm insurance expert told Canadian Underwriter. In

Construction engineers consult by phone with the chief architect about problems at the construction site
News ClaimsClaims ProfessionalsCommercialPersonal HomeProperty

Humber building talent pipeline into the property restoration industry

August 14, 2023 by David Gambrill

Humber College in Toronto is building a talent pipeline into the Canadian property restoration industry. “We’re looking at building a program that will help get more talented, skilled professionals into the restoration property management space, and then have graduates work

Smoke rises from a massive fire at an industrial site in Toronto
News ClaimsClaims Canada ArchiveCommercialEnvironmentalOntarioProperty

Health concerns raised after massive fire at Toronto industrial site

August 11, 2023 by The Canadian Press

Toronto firefighters were battling to control a major blaze at an industrial site where chemicals are stored in the city’s west-end, as area residents were ordered to stay indoors with their windows shut amid concerns about hazardous smoke. Firefighters are

Rocket represents rising reinsurance premiums
News CatastrophesClaimsEnvironmentalInsurersLoss ControlNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.PropertyQuebec

What’s the future for Canada’s reinsurance rates?

August 2, 2023 by Alyssa Di Sabatino

New risks emerging in Canada are leading reinsurers to increase premiums, industry experts have told Canadian Underwriter. Although U.S. damage losses last year far outweighed Canada’s, contributing significantly to escalating reinsurance prices, insured NatCat damage in Canada in 2022 was

A forest fire burns among a residential area
News ClaimsEnvironmentalInsurersNWTPersonal HomeProperty

Four homes in Northwest Territories lost in wildfire, road closed

July 28, 2023 by The Canadian Press

YELLOWKNIFE — An out-of-control wildfire in the Northwest Territories has destroyed four homes in a community about 100 kilometres northwest of Yellowknife. Wildfire information officer Mike Westwick says the fire has reached the community of Behchoko in Rae. The territory’s

Flooded street in Nova Scotia
News B.C.CatastrophesClaimsClaims Canada ArchiveEmerging RisksEnvironmentalLoss ControlLoss TrendsNova ScotiaProperty

Aging infrastructure struggling to keep up with storms, wildfires, changing climate

July 27, 2023 by Hina Alam - THE CANADIAN PRESS

FREDERICTON – The torrential rain that washed out roads, bridges and a key rail link in Nova Scotia on the weekend is being described as another sign that engineers cannot rely on past weather patterns to design infrastructure able to

Marc Ross, head of property and specialty in Canada for Swiss Re Corporate Solutions
News CommercialProperty

Swiss Re names new Canadian head of property and specialty

July 21, 2023 by David Gambrill

Marc Ross will be the new head of property and specialty in Canada for Swiss Re Corporate Solutions effective Sept. 1, the company announced. Ross’s appointment is aligned with the date James Gasco becomes head of Canada for Swiss Re

NEW RULES text on a sticky on a notebook with pen and glasses , blue background
News B.C.BrokersCommercialInsurersLegalLiabilityPersonal HomeProperty

Brokerage wins limited injunction against regulator’s new rule

July 19, 2023 by David Gambrill

FS Insurance Brokers (FSIB), a B.C. insurance broker that has common ownership with a strata property management company, has won a limited injunction against a new rule proposed by the province’s broker regulator, pending judicial review of the new rule.

A forest fire burns among a residential area
News AdjustersCatastrophesClaimsClaims ProfessionalsEmerging RisksInsurersPersonal HomeProperty

Wildfires: Where there’s smoke, there’s damage

July 18, 2023 by David Gambrill

As smoke from almost 900 of Canada’s wildfires descends upon the United States, resurrecting media reports about air quality, Canadian property and casualty insurers have an eye on a different type of exposure — property damage claims due to wildfire