Topic Property
The impact of MGAs getting more business
August 25, 2020 by Greg MeckbachIt is taking longer to get insurance placed through managing general agents because MGAs are getting more business in the hard market, one Ontario broker suggests. Many commercial accounts, which previously would have been handled by retail brokers, are now…
CU webinar: Claims experts discuss how to adjust increasing number of NatCats
August 25, 2020 by David GambrillIn an era when $1-billion claims events have become commonplace, Canadian claims executives are turning their minds to how to adjust natural disasters that follow closely upon the heels of one another. Canadian Underwriter will be bringing the discussion to…
Survivor recalls deadly Manitoba tornado hitting Jeep
August 24, 2020 by The Canadian PressVIRDEN, Man. – James Blacksmith closes his eyes and goes back to the moment he saw a pine tree viciously uprooted from the earth and topple onto his Jeep’s roof. Within seconds, the windows burst from the force of a…
What brokers should consider with seasonal properties during COVID
August 21, 2020 by Greg MeckbachIf any of your clients own cottages or seasonal properties with no one living there overnight permanently, you might want to find out if the COVID-19 pandemic has changed the way those properties are used. Robertson Insurance Brokers Ltd. has…
The world’s biggest waves: How climate change could trigger large landslides and ‘mega tsunamis’
August 20, 2020 by Ryan P. Mulligan, Associate Professor of Civil Engineering, Queen's University, Ontario and Andy Take, Professor, Department of Civil Engineering, Queen's University, Ontario - THE CANADIAN PRESSThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Authors: Ryan P. Mulligan, Associate Professor of Civil Engineering, Queen’s University,…
Hundreds evacuated, thousands on notice as wildfire flares in southern B.C.
August 19, 2020 by The Canadian PressPENTICTON, B.C. – British Columbia’s unusually quiet wildfire season ended abruptly as a fire flared in the southern Okanagan, forcing hundreds from their homes. Smoke from the blaze, above Skaha Lake near Penticton, was first spotted Tuesday afternoon and by…
Wildfire risk is elevated this year. Why the pandemic made it worse
August 7, 2020 by Adam MalikThe central and Pacific coast of British Columbia could see an increased risk of wildfires this year, a new report predicts. And COVID-19 restrictions could make the risk higher, Allianz Global Corporate & Specialty warned in its 2020 Wildfire Report,…
Isaias downgraded from tropical storm as it blows through Quebec
August 5, 2020 by The Canadian PressMONTREAL — Environment Canada says Isaias has been downgraded from a tropical storm, but tens of thousands of people across southern Quebec are still in the dark due to power outages it caused. The agency says maximum sustained winds now…
How high cat losses could go this year
August 4, 2020 by Adam MalikAlberta has become the epicentre for cat losses this year as combined insured damage could reach, if not exceed, $2 billion in the province alone after multiple natural catastrophes have hit various regions over a four-month span. The calculations come…
Tropical storm Isaias expected to bring heavy rain, wind gusts to eastern Canada
August 4, 2020 by THE CANADIAN PRESSHALIFAX – A tropical storm that has lashed parts of the eastern United States should be diminished in strength by the time it reaches eastern Canada, the Canadian Hurricane Centre says. Centre forecaster Chris Fogarty said that Isaias was on…
Who’s getting funding for new research in wildfire prediction, responses
July 31, 2020 by THE CANADIAN PRESSKAMLOOPS, B.C. – A university located in the heart of one of British Columbia’s most volatile forest fire regions will lead new research in wildfire prediction, prevention and response. Thompson Rivers University in Kamloops was chosen for the research that…
How B.C. adjusters are preparing for major earthquake
July 29, 2020 by Greg MeckbachWhen the next huge earthquake hits British Columbia, some independent adjusting firms may temporarily re-locate offices inland, perhaps even as far east as Alberta. Kernaghan Adjusters is aiming to be “up and running fairly quickly if we get into an…