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…
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…
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…
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…
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…
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…
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…
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…
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 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…
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.…
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…