Topic Saskatchewan
Canada’s most-exposed flood regions
June 10, 2022 by Alyssa DiSabatinoQuebec has the highest historical average annual loss (AAL) for flood faced by any region across the country, at $861.3 million, but Yukon’s average annual loss per residential address (RA) stands at $925, well above Quebec’s $229 loss per residence.…
Canadian P&C brokerage space sees four M&A deals in June
June 8, 2022 by Jason ContantMerger and acquisition activity in the Canadian P&C insurance industry is showing no sign of slowing down in the second half of 2022, with the announcement of four transactions by three brokerages already since the beginning of June. McDougall Insurance…
Man killed in Saskatchewan train car accident
May 27, 2022 by The Canadian PressEDGELEY, Sask. – A Saskatchewan man is dead after the road maintenance vehicle he was driving collided with a train on Thursday afternoon. It happened about three kilometres west of Edgeley, Sask. at a level crossing around 12 p.m. Thursday…
How to speed up claims response for NatCats
May 25, 2022 by Yasser Korany, Mario Delorme and Mazen HabashExtreme weather events have become common, some bringing unprecedented levels of destruction to structures and facilities, overwhelming owners, property managers and insurers. In response, nearly all major insurers have created centralized Cat units dedicated to handling claims arising from extreme…
Stakes are high for farmers as 2022 crop shapes up to be most expensive in history
May 25, 2022 by Amanda Stephenson - THE CANADIAN PRESSCALGARY – The stakes are high as Canadian farmers take to the fields to plant 2022’s crop, which some are saying could find a place in the record books as “the most expensive ever.” On her family’s farm northeast of…
SGI announces first woman president and CEO
May 19, 2022 by Alyssa DiSabatinoPenny McCune will become the first woman to serve as president and CEO of Saskatchewan Government Insurance (SGI), effective June 1. She succeeds former president and CEO Andrew Cartmell, who retired on April 4, 2022, after a 12-year tenure…
The window of opportunity to address increasing drought and expanding drylands is vanishing
May 10, 2022 by The Canadian PressBy Margot Hurlbert, Canada Research Chair, Climate Change, Energy and Sustainability, University of Regina – THE CONVERSATION This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information…
Beware the tax implications of unlicensed insurance
May 3, 2022 by Jason ContantIf you’re looking to place a risk through an insurer that’s not licensed to write business in Canada, it’s important to understand the requirements around filing federal and provincial taxes, as well as special broker licenses. Although direct placement with…
Blizzard closes schools, shuts roads in parts of Manitoba and Saskatchewan
April 14, 2022 by Steve Lambert - THE CANADIAN PRESSWINNIPEG – Heavy snow and strong winds were combining in a spring blizzard expected to last three days across southern Manitoba and a section of southeastern Saskatchewan. Schools were closed in many areas, roads were shut down and most flights…
A car crashes in Ontario: Why Canadian auto insurers pay attention
April 13, 2022 by Daniel StrigbergerPeople love to visit Ontario. Unfortunately, some of them get into car accidents. Why should a visitor’s auto insurer care about accidents in Ontario? Because when a non-resident is involved in an auto accident in the province, their insurers will…
Four Canadian brokerages swept up in latest M&A deals
April 11, 2022 by Jason ContantWestern Canada is the target for the latest rounds of acquisitions from large Canadian P&C brokerages. Intact Financial Corporation subsidiary BrokerLink and Westland Insurance Group announced recent acquisitions in northern and southern Alberta, Saskatchewan, and Manitoba. Westland Insurance Group also…
Top 5 wild and wacky insurance fraud claims
March 22, 2022 by Jason ContantSaskatchewan Government Insurance (SGI) saved approximately $6 million in 2021 from “hundreds of people” attempting to make fraudulent claims, the public insurer reported last week. “SGI’s Special Investigations Unit (SIU) investigates wild and wacky insurance claims, many of which turn…