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Topic Property

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Indigenous non-profit looks to acquire ownership of Trans Mountain Pipeline

January 24, 2022 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – A new Indigenous non-profit organization is seeking an ownership stake in the Trans Mountain Pipeline, saying its aim is to make sure communities along the pipeline’s route receive its benefits directly. Nesika Services publicly launched Monday, calling itself

Boats moored in False Creek with a view of downtown Vancouver
News AlbertaB.C.BrokersCatastrophesPersonal HomeProperty

Behind the hard-hit condo insurance market in B.C. and Alberta

January 20, 2022 by Jason Contant

Wood frame construction for stratas, increased building material costs, and earthquake exposure in British Columbia contributed to the skyrocketing condo insurance premiums that hard market sector saw over the past few years, an Aon executive says. “There’s a lot more

News Business InterruptionCommercialOperationsPropertyTrending

Ottawa loosens eligibility requirements on pandemic relief for businesses, workers

December 24, 2021 by Tara Deschamps - THE CANADIAN PRESS

Canada’s federal government offered a lifeline to businesses struggling amid the latest wave of the COVID-19 pandemic by expanding eligibility for two benefit programs. Prime Minister Justin Trudeau and several members of his cabinet announced Wednesday that, due to the

News CommercialEmerging RisksNew BrunswickNova ScotiaP.E.I.PropertyTrending

Small businesses grappling with Omicron, after two years of closures and restrictions

December 23, 2021 by Tara Deschamps - THE CANADIAN PRESS

As the December holidays neared, the Old Triangle alehouses across the Maritimes were bustling with Christmas parties and diners revelling in the festive season. But that energy vanished in recent days as the Omicron variant of COVID-19 raged across Canada

News AdjustersB.C.ClaimsClaims Canada ArchiveClaims ProfessionalsCommercialInsurersLegalLiabilityLoss TrendsPersonal HomePropertyRisk ManagersSupply Chain

Strata owner not liable for common-area water damage

December 14, 2021 by Greg Meckbach

A strata corporation can’t recover $25,000 towards water damage repairs originating from a unit owner’s broken toilet water supply line, the British Columba civil resolution tribunal has ruled. On June 23, 2019, water leaked out of a strata lot. The

News CommercialInsurersLegalLiabilityPropertySupply Chain

Product recall insurance demand to rise in 2022, lawyers predict

December 10, 2021 by Canadian Underwriter Staff

Complex global supply chains, inconsistent regulations across jurisdictions, adoption of automation and the COVID-19 pandemic, will lead to a rise in product recalls, two Borden Ladner and Gervais lawyers said in a recent blog. “We predict 2022 will see more

BC flooding
News B.C.CatastrophesClaimsCommercialEnvironmentalInsurersLoss TrendsPersonal HomeProperty

B.C. flooding is the costliest severe weather event in province’s history

December 10, 2021 by Jason Contant

It’s official — the massive flooding in southern British Columbia is the costliest severe weather event in the province’s history. In a press release issued late Thursday by Insurance Bureau of Canada (IBC), Catastrophe Indices and Quantification Inc. (CatIQ) said

News AlbertaCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss TrendsPropertySupply Chain

These socioeconomic factors are driving up property claims

December 7, 2021 by Greg Meckbach

Urbanization, the increasing popularity of solar panels and a greater awareness of what is covered insurance are among the factors driving an escalation of insured property losses, a speaker suggested at last week’s CatIQ Connect conference. “Urbanization means that we

Motorist driving on closes Trans-Canada highway in Abbotsford, BC
News AdjustersB.C.CatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss TrendsPersonal HomeProperty

Claims adjusters react to B.C. flooding

December 6, 2021 by Greg Meckbach

It’s too early to tell how much the recent “atmospheric river” in British Columbia will cost the industry, but independent adjusters are observing widespread damage. Environment Canada lifted weather alerts for British Columbia on Thursday as storm conditions eased, floodwaters

News B.C.CatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsEmerging RisksEnvironmentalLoss TrendsPersonal HomeProperty

Can we blame climate change for B.C. ‘atmospheric river?’

December 2, 2021 by Greg Meckbach

We can’t say for sure that climate change has caused the heavy rainfall and severe floods and landslides currently affecting British Columbia, but global warming is making disasters like this more likely, a Swiss Re speaker suggested Thursday. “Warmer air

A temporary dike in Abbotsford following flooding in B.C.
News B.C.CatastrophesClaimsClaims Canada ArchiveLoss TrendsPersonal HomePropertyRisk Managers

More flood warnings, watches issued in B.C. as province braces for third rainstorm

November 29, 2021 by THE CANADIAN PRESS

VANCOUVER – Flood warnings are posted for a section of British Columbia’s southern Interior and flood watches or high water advisories cover large parts of the province, as it deals with the consequences of a second major rainstorm in as

News AdjustersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsLoss TrendsNewfoundland & LabradorProperty

Prime minister approves request for military help as Newfoundland deals with flooding

November 26, 2021 by THE CANADIAN PRESS

CHANNEL-PORT AUX BASQUES, N.L. – Prime Minister Justin Trudeau has approved a request for military assistance for southwestern Newfoundland, where road washouts from a punishing rainstorm have left the region cut off from the rest of the province. Trudeau issued