Canadian Underwriter

Topic Property

Damage caused by heavy rains and mudslides is pictured along the Coquihalla Highway near Hope, B.C.
News B.C.CatastrophesClaimsEnvironmentalProperty

B.C. ready to proceed with permanent repairs to flood damaged Coquihalla Highway

March 24, 2022 by The Canadian Press

HOPE, B.C. – The Ministry of Transportation and Infrastructure says it is moving ahead with permanent repairs to a key B.C. highway damaged by catastrophic flooding last November. A statement from the ministry says it has begun the process to

Russian manufactured guided missile launcher with three rockets, oriented towards west, ready for deployment
News CommercialEmerging RisksInsurersLiabilityLoss ControlPropertyRisk Managers

From nukes to export tangles, war shows need for custom covers

March 23, 2022 by Philip Porado

Clients needing war, political violence or terrorism insurance may need to seek bespoke covers, noted a recent Ukraine technical update from claims manager Crawford. “The purpose of a political violence policy is to dovetail with the commercial property policy and

Man rolling red ball up a mountain. Conquering adversity.
News CommercialCyberInsurersOperationsPersonal AutoProperty

Say what you want about the hard market, it’s working

March 22, 2022 by David Gambrill

The hard market may be the biggest challenge facing the broker channel, according to Canadian Underwriter‘s 2022 National Broker Survey, but statistics show it’s vastly improved the P&C industry’s financial health. Canada’s property and casualty insurance industry reported an underwriting

High rise building construction in urban area.
News ClaimsLegalLiabilityLoss ControlProperty

A new way for insurers to handle construction delays and cost overruns

March 17, 2022 by Jonathan E. McNatty

Since 2016, the federal government’s slated nearly $100 billion to support development of transit extensions, shipping port improvements, affordable housing and more. When private-sector construction slowed in March 2020, federal infrastructure building quickly filled the gap. And, throughout 2021, both

Bowling. Lucky strike.
News AlbertaClaimsCommercialInsurersLegalProperty

Fort Mac bowling alley covered for water damage despite flood exclusion

March 1, 2022 by David Gambrill

A Fort McMurray, Alta., bowling alley is entitled to coverage for water damage sustained in the April 2020 flooding, despite its insurance policy containing a clear flood exclusion. The Alberta Court of Queen’s Bench found Intact included a coverage extension

Pipeline installation and construction
News B.C.CommercialConstructionEnvironmentalProperty

Politicians condemn violence at Coastal GasLink construction site in northern B.C. 

February 22, 2022 by Hina Alam - THE CANADIAN PRESS

Politicians are denouncing what police have called a violent confrontation in separate attacks against officers and employees at a construction site for a natural gas pipeline being built across northern British Columbia.   Federal Public Safety Minister Marco Mendicino called the

Damaged structures in Lytton, B.C.
News B.C.CatastrophesClaimsCommercialPersonal HomeProperty

Wildfire destroys Lytton’s governance records; B.C. gives OK to rewrite bylaws  

February 10, 2022 by Dirk Meissner - THE CANADIAN PRESS

VICTORIA – The mayor of the fire-ravaged community of Lytton, B.C., says rewriting the village’s bylaws from scratch will be about as entertaining as going to the dentist but it’s another step in the massive rebuilding effort.   The village’s records

Flood damage in Merritt, B.C.
News B.C.CatastrophesClaimsEnvironmentalProperty

Governments announce $228 million agriculture recovery fund after B.C. floods

February 8, 2022 by The Canadian Press

VICTORIA – Agricultural producers affected by devastating flooding in British Columbia last November can apply for recovery funds through a $228-million package announced Monday by the provincial and federal governments. The total losses for the agricultural sector from flooding that

Waterfall in winter near Bancroft, Ontario
News ClaimsInsurersLiabilityLoss TrendsOntarioProperty

How to reduce escalating municipal insurance costs

February 4, 2022 by Jason Contant

Ontario’s Ministry of the Attorney General has established a ‘technical table’ to review issues surrounding rising municipal insurance costs, including joint and several liability. “Insurance costs for municipalities in Ontario have been rising, and the subject of much concern for

Green office
News EnvironmentalHRProperty

Green buildings can boost productivity, well-being and health of workers

February 3, 2022 by The Canadian Press

Md Sazan Rahman, PhD Candidate, Bioresource Engineering, McGill University This 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. ___ Most

A set of dice that spell "rebrand," with one letter per dice. A hand is pushing the first two dice forward.
News MGAsPersonal HomeProperty

Canadian MGA adopts new national brand

February 1, 2022 by Alyssa DiSabatino

Agile Underwriting Solutions announced that Guardian Risk Managers and Exhale Insurance will be rebranded under Agile, effective Feb. 1, 2022.  Agile, based in Nova Scotia and owned by Westland Insurance, is an MGA that specializes in hard-to-place personal and commercial

'Omicron variant' written on test tube
News CommercialLoss ControlLoss TrendsPropertySupply Chain

Omicron variant raises uncertainty as companies downgrade forecasts  

February 1, 2022 by Christopher Reynolds - THE CANADIAN PRESS

The highly transmissible Omicron variant has prompted companies in the manufacturing and resource sectors to downgrade their earnings forecasts amid ongoing uncertainty linked to the COVID-19 pandemic.   Cascades Inc., the Quebec-based packaging and tissue company, said Monday it expects fourth-quarter