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Dam threatened by water levels in rural Manitoba, some residents evacuate
July 2, 2020 by THE CANADIAN PRESSRIVERS, Man. – A rural Manitoba mayor says some people and livestock have been evacuated from his community because high water levels are threatening a dam. Rural Municipality of Riverdale Mayor Todd Gill says 38 households in the Little Saskatchewan…
What you’ll need to think about when re-opening
June 30, 2020 by Adam MalikWhile maintaining employee safety is critical, there are other areas of your business that require diligent attention before re-opening, explained Hub International’s risk leader. With re-opening taking place across the country after the COVID-19 pandemic forced many to close, a…
New models show COVID 19 progress but with ‘hotspots’ to monitor: Trudeau
June 29, 2020 by THE CANADIAN PRESSOTTAWA – New federal models show continued progress in suppressing the spread of COVID-19, but with significant hotspots. The figures released by the Public Health Agency of Canada Monday show that some areas have been more heavily impacted by COVID-19…
Return Migration
June 29, 2020 by David Gambrill, Editor in ChiefThroughout Canada, provinces are starting a phased re-opening of the economy (albeit some regions are in more advanced stages than others). Doron Melnick, partner in KPMG’s
people and change advisory services practice, is advising businesses on how to return to the office while the global novel coronavirus remains a threat.
What’s next for Economical’s demutualization
June 29, 2020 by Greg MeckbachEditor’s note: This story was updated to reflect a June 30 announcement by Economical Insurance Economical Insurance is still in the process of demutualizing but the next policyholders’ vote is not going to happen this year, the Waterloo, Ont. based…
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…
Here’s how P&C pros say the recession will impact insurance
June 26, 2020 by Adam MalikThe recession will be long and painful so brokers and insurers need to settle in and do what they do best, property and casualty experts said. And don’t be surprised if some mergers and acquisitions activity push forward as tough…
Public reaction to insurers ‘could get ugly’ after Calgary hail storm: Broker
June 25, 2020 by Greg MeckbachThe industry’s reputation could take a beating in the aftermath of the devastating June 13 Alberta hail storm if misleading rumours are spread by people who do not understand how insurance works, an official with the province’s broker association warns.…
Auto total loss claims escalate after Calgary hail storm: IBC
June 24, 2020 by Greg MeckbachThe industry is expecting well over 20,000 claims from the recent Alberta hail storm, and some vehicles were wrecked badly enough that they have to be written off, the Insurance Bureau of Canada reports. “We are hearing from several consumers…
How Alberta brokers are faring with hail claims
June 23, 2020 by Greg MeckbachBrokers with clients in northeast Calgary are getting overwhelmed with claims from the June 13 storm, a board member of the province’s association says. “You can just hear the exasperation in their voice when you talk to them, and the…
B.C. proposes ‘first step’ amendments to laws governing condo insurance
June 23, 2020 by THE CANADIAN PRESSVICTORIA – The B.C. government says proposed legislation it has introduced takes first steps to address concerns about sky-high costs and availability of insurance for condominiums and other shared properties. Housing Minister Selina Robinson says the legislation proposes to amend…
The likelihood that COVID-19 could kill a Canadian P&C insurer
June 22, 2020 by Adam MalikThere’s a chance COVID-19 could claim a Canadian insurer, one property and casualty insurance expert believes. “Canada has been blessed for a sustained period with no insurer failings — but there will be one,” warned Alister Campbell, president and CEO…