Canadian Underwriter

Topic Property

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The tough question for insurers withdrawing coverage from coal

October 14, 2020 by Greg Meckbach

The industry’s concern over carbon emissions, and their impact on climate change, raises the question of whether nuclear energy is better for the environment. “One the one hand, nuclear [energy] is a source of carbon-free power generation. On the other

News ClaimsNewfoundland & LabradorProperty

House fire in small Newfoundland town spreads to other buildings

October 7, 2020 by The Canadian Press

HEATHERTON, N.L. – A number of buildings are on fire in the small town of Heatherton, N.L. Muriel Brown works at the local Home Hardware store and says all she sees is smoke and flames when she steps out of

News AdjustersCatastrophesClaimsClaims Canada ArchiveLoss ControlLoss TrendsPersonal HomeProperty

Intact’s plan to help you advise your client on disaster resilience

October 2, 2020 by Greg Meckbach

By the end of this year, Intact Financial Corp. is hoping that a research centre it funds will have trained more than 140,000 brokers, home inspectors, realtors, and other professionals on how to make properties resilient to extreme weather, CEO

News AdjustersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss TrendsPersonal HomeProperty

‘Much clearer picture’ of how Ottawa will address flood risk coming soon

September 29, 2020 by Greg Meckbach

A special pool, in which high-risk properties would have caps or subsidies on premiums for flood insurance, remains a possibility in Canada, and the industry should have a much better idea this fall of what the government plans to do,

News ClaimsNova ScotiaProperty

Post-tropical storm Teddy makes landfall in Nova Scotia bringing high winds, rain

September 23, 2020 by Michael MacDonald - THE CANADIAN PRESS

HALIFAX – The centre of post-tropical storm Teddy made landfall in eastern Nova Scotia on Wednesday morning and then trudged across southern Cape Breton, its 100-kilometre-per-hour winds causing power outages – but not much damage. Bob Robichaud, a meteorologist at

News BrokersCommercialManagementMergers and AqcuisitionsOperationsProperty

Intact’s rationale for buying this bond and marine brokerage

September 16, 2020 by Greg Meckbach

Intact Financial Corp.’s latest “tuck-in” brokerage acquisition is part of its ongoing expansion effort in the United States, chief financial officer Louis Marcotte suggested Tuesday. International Bond & Marine Brokerage Ltd. of Hoboken, N.J., announced Sept. 11 it is now

News B.C.ClaimsProperty

B.C. amends law in effort to address high condo and townhouse insurance premiums

September 16, 2020 by The Canadian Press

VICTORIA – The B.C. government has announced regulatory changes aimed at bringing more transparency to condo insurance premiums that have risen by as much as 40 per cent. The Finance Ministry says effective Nov. 1, insurers or insurance agents will

News Business InterruptionClaimsCommercialEmerging RisksInsurersLiabilityLoss TrendsProperty

Aon’s take on the state of the Canadian P&C insurance market

September 15, 2020 by Jason Contant

The first quarter of 2020 saw a continuation and acceleration of the Canadian risk and insurance market shift that took hold in 2019, with pricing increases, withdrawn capacity in several key lines of business, tightened terms, and an increasingly rigorous

News ClaimsClaims Canada ArchiveConstructionLegalLiabilityOntarioPersonal HomeProperty

Why these home buyers won a $100,000 lawsuit

September 8, 2020 by Greg Meckbach

A recent Ontario court ruling arising from a major structural defect in a cottage country home shows why a homeowner should get the vendor to complete a seller property information sheet (SPIS) before agreeing to a purchase. “The law can

News BrokersCatastrophesClaimsCommercialConstructionInsurersLoss TrendsProperty

COVID-19 compounds ongoing real estate insurance challenges

September 8, 2020 by Adam Malik

The global pandemic isn’t necessarily causing a large number of problems around insurance issues in the real estate sector, but it’s clogging up the pathway to making things better. “The way we’re thinking about real estate and insurance is that,

News CatastrophesClaims Canada ArchiveClaims ProfessionalsInsurersLoss ControlLoss TrendsPersonal HomeProperty

More than one way to define a Cat

September 3, 2020 by Greg Meckbach

If you disagree with a co-worker on exactly what a catastrophe is, both of you could be right. There is no single standard definition of a “Cat,” with the industry’s loss costs — and even media coverage — among the

News ClaimsInsurersLegalLiabilityPropertyQuebec

Lawsuit filed against makers of Montreal-area dike that burst, flooding town

September 3, 2020 by The Canadian Press

MONTREAL – A Montreal-area town says its insurance company is suing the maker of a dike that burst last spring, flooding streets and forcing thousands of residents from their homes. Officials from Ste-Marthe-sur-le-Lac said Tuesday legal action has been filed