Topic Property
Separate quakes hit off B.C. and Alaska, but cause no damage, tsunami
July 22, 2020 by THE CANADIAN PRESSVANCOUVER – A moderate earthquake has occurred off northwest Vancouver Island but emergency officials in British Columbia say it has not produced a tsunami. Earthquakes Canada says the magnitude 5.4 quake struck at 4:33 a.m. and was centred 285 kilometres…
Storm causes damage but Edmonton Oilers arena structurally sound: mayor
July 17, 2020 by THE CANADIAN PRESSEdmonton’s mayor says a preliminary assessment shows storm damage to Rogers Place is not structural and the arena will be able to hold upcoming National Hockey League games. Don Iveson says photos of Thursday night’s flooding and damage to the…
How pandemic is making a common marine risk problem worse
July 16, 2020 by Greg MeckbachThe pandemic is making it difficult for shipping companies to get spare parts and technical professionals aboard to perform essential maintenance and repair, a new report from Allianz Global Corporate & Specialty suggests. For the insurance industry, the most common…
Why Intact is named in lawsuit over COVID business interruption coverage
July 10, 2020 by Greg MeckbachMore than a dozen Canadian property & casualty insurers, including the largest in the nation, are named in a new proposed class-action lawsuit over business interruption coverage during the COVID-19 pandemic. The notice of action was filed July 6 with…
Flash storm hits same areas of Toronto as in 2013 Cat event. Was the damage the same?
July 9, 2020 by Adam MalikToronto is drying out from another sudden thunderstorm, but claims professionals may have dodged an even bigger workload thanks to the storm quickly moving out. “We’ve seen worse,” Glenn McGillivray, managing director at the Institute for Catastrophic Loss Reduction (ICLR),…
Three found dead after downtown motel fire in Prince George, B.C
July 9, 2020 by THE CANADIAN PRESSPRINCE GEORGE, B.C. – The RCMP say the bodies of three people have been found at the scene of a motel fire in downtown Prince George, B.C. Cpl. Craig Douglass says emergency services were called to the Econo Lodge City…
Bar owners that offer rare wine and spirits carve takeout business model
July 8, 2020 by Salmaan Farooqui - THE CANADIAN PRESSTORONTO – Bar and restaurant owners who deal in specialty alcohol say they’ve carved out a new business model around Ontario’s relaxed rules for takeout liquor, and they’ll fight to make the system permanent. In late March, the Ontario government…
How liability for deductibles on strata claims is changing in B.C.
July 3, 2020 by Greg MeckbachStrata unit owners might see a reduction in liability risk for common-area damage if a recently-tabled bill is passed in British Columbia. “Right now, if a water pipe bursts in a bathroom due to manufacturer error and leaks beyond common…
Flood warnings issued as B.C.’s major rivers surge, rainfall continues
July 3, 2020 by Amy Smart - THE CANADIAN PRESSVANCOUVER – Heavy rainfall has caused rivers to surge across much of British Columbia, washing out roads and putting many communities on alert. The River Forecast Centre has issued flood warnings, its highest alert, for the areas around the upper…
A new regime for tow truck regulations? What auto insurers want to see
July 2, 2020 by David GambrillAuto insurers are applauding Ontario’s creation of a new government task force to improve provincial oversight of the tow truck industry, citing the possibility of reducing insurance fraud and associated premium reductions for consumers. “IBC applauds the Ontario government for…
Three injured, including firefighter, in house fire in Toronto’s Little Italy
June 29, 2020 by THE CANADIAN PRESSTORONTO – Two residents and a firefighter have been injured in an early morning house fire in Toronto’s Little Italy neighbourhood. Emergency crews were called to a home near College Street and Manning Avenue at 1:25 a.m. for a fire…
How ‘actual cash value’ could be affecting some Alberta hail victims
June 26, 2020 by Greg MeckbachIf some Alberta homeowners are only getting a small fraction of the cost to repair properties damaged in the recent hail storm, that could be the result of choosing a policy that only covers actual cash value, Insurance Bureau of…