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Okanagan Lake area wildfire could cost the industry nearly $80 million

September 24, 2021 by Greg Meckbach

An interior British Columbia wildfire this past August, which forced the evacuation of more than 1,000 properties, will cost the industry an estimated $77 million, the Insurance Bureau of Canada said Thursday. The White Rock Lake fire began on Aug.

News Insurance

Talk to your clients about auto insurance myths so they don’t see red

September 24, 2021 Brooke Smith

Red cars are more expensive to insure, right? Wrong. Yet, according to a 2019 Ratehub survey, roughly 22% of respondents thought car colour had an impact on insurance rates. Several insurer and brokerage websites have blog posts titled What New

News Insurance

Canada’s warming may hurt access to insurance: DBRS

September 24, 2021 James Langton - Investment Executive

An increase in extreme weather events may threaten the availability of property insurance in Canada, warns DBRS Morningstar in a new report. The rating agency said that Canadian property and casualty (P&C) insurers have, so far, proven resilient in the

News Insurance

Small businesses continue to be hard-hit by rising premiums this year, CFIB reports

September 24, 2021 by Jason Contant

Insurance has become the top operating cost concern for small businesses, with seven in 10 reporting their premiums have increased since the beginning of the year, the Canadian Federation of Independent Business (CFIB) reported. The ongoing hard commercial insurance market,

News Insurance

Report into fatal sinking near Halifax in 2019 says modifications made boat unstable

September 24, 2021 The Canadian Press

HALIFAX – An independent investigation has found the 2019 sinking of a small workboat near Halifax that claimed one life was caused by hull modifications that compromised the vessel’s stability. The Transportation Safety Board of Canada, in a report released

insPRESS Insurance

30 Forensic Engineering Expands Vancouver Office Civil/Structural & Building Science Group with the Appointment of Rakan Jaber M.Eng.

September 24, 2021 -30- Forensic Engineering

VANCOUVER, BC, SEPTEMBER 24, 2021 /insPRESS/ – 30 Forensic Engineering, Canada’s leading multidisciplinary forensic firm, is pleased to announce the appointment of Rakan Jaber M.Eng. as Associate, within the Civil/Structural & Building Science group. Rakan joins the 30 Forensic Engineering Vancouver office and will

insPRESS Insurance

CRU GROUP Announces Expansion with New Canadian Business Unit

September 24, 2021 CRU Group

TORONTO, ON, SEPTEMBER 24, 2021/insPRESS/ – David Repinski, CEO of CRU GROUP, today announced the next steps in the company’s expansion with the opening of a new Canadian business unit based in Edmonton, Alberta.  This carefully planned strategic initiative adds

Businessman Standing At Edge Of Cliff
News Insurance

Which cyber risks lurk on the horizon?

September 23, 2021 Canadian Underwriter Staff

As brokers grapple with an evolving cyber insurance market, one managing general agent is looking ahead to help the industry keep pace. George Bozanin, managing partner and head of business development with Coalition Insurance Canada, told Canadian Underwriter the post-pandemic

News ClaimsClaims CanadaInsuranceLegal

COVID shutdown not a ‘physical loss,’ insurance lawyer says

September 23, 2021 by Greg Meckbach

A recent Court of Appeal for Ontario ruling, in favour of commercial property insurer FM Global, could be good news for insurers facing pandemic business interruption claims but the decision may also be reviewed by the Supreme Court of Canada,

News Insurance

UK-based MGA expands into Canada

September 23, 2021 by Jason Contant

London, United Kingdom-based managing general agent Landmark Underwriting has expanded into Canada with the opening of an office location in Toronto. Landmark (Canada) Ltd. o/a Landmark Underwriting recently obtained the Registered Insurance Brokers of Ontario (RIBO) licence and is now

News Insurance

B.C. must shore up risk crisis communications before, during, after wildfires: report 

September 23, 2021 The Canadian Press

KAMLOOPS, B.C. – Upgrades to communications systems in British Columbia’s wildfire zones are needed to save lives and properties, says a report released Wednesday.   The Thompson Rivers University report, which examined B.C.’s communications practices during the devastating wildfire seasons of

B.C. wildfires
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Insurance Bureau reacts to federal election results

September 22, 2021 by Greg Meckbach

Canada’s new government needs to focus on climate adaptation, says the industry’s association of property and casualty insurers. “After an unprecedented year of heat and wildfires across much of Canada, climate adaptation must receive more attention in the coming months