KAMLOOPS, B.C. – An out-of-control wildfire is burning through the Cherry Creek area west of Kamloops, B.C. The BC Wildfire Service says the 15-hectare fire has damaged one outbuilding and partially effected a residence in the area. Spokeswoman Justine Hunse…
PENTICTON, B.C. – Fire crews appear to have the upper hand on a wildfire that roared to life Tuesday in the south Okanagan community of Kaleden, B.C. BC Wildfire Service spokeswoman Justine Hunse says the fire that has scorched 6.5…
A potential solution to overland flood risk in Canada “could follow” the model of Britain’s Flood Re, MSA Research Inc. suggested in a report released Monday to Canadian Underwriter. Toronto-based MSA released its Quarterly Outlook Report for Q1 2017. In…
The Canadian property and casualty insurance industry had essentially no underwriting income during the first three months of the year but Q1 net investment income more than doubled year over year, figures from a report from MSA Research Inc. suggest.…
More than two-thirds (67%) of polled Canadians responded incorrectly when asked if an expensive car always costs more to insure that a cheaper car, according to a new survey on Canadians’ financial literacy. Commissioned by Toronto-based LowestRates.ca, which provides a…
Insurers of mountain bicycle riding parks should be able to “breathe a sigh of relief” due to a recent court decision from British Columbia, a blogger with an insurance law firm wrote in a recent post. Dr. Blake Jamieson suffered…
KAMLOOPS, B.C. – Fire has heavily damaged a dairy operation in Kamloops, British Columbia, that processes milk from farmers across the North Thompson and Shuswap Okanagan. Fire officials say the main production facility at Blackwell Dairy was destroyed in the…
The Supreme Court of Canada has rejected an argument by Insurance Bureau of Canada that a court should not award damages for psychological or emotional damage unless the plaintiff demonstrates the tort caused a “recognizable psychiatric illness.” In a recent…
MONTREAL – Even as swollen rivers have receded in Quebec, some experts suggest historic flooding this year could mean critter and pest-related woes in months and years to come. For now, heavy water accumulation has created standing pools of water…
VANCOUVER – Flood watches have been issued for several major waterways after torrential downpours hit parts of southern and central British Columbia. The River Forecast Centre says rivers throughout the Columbia and East Kootenay regions, including tributaries around Golden, Revelstoke…
Several low pressure systems that brought heavy rainfall to portions of Ontario, Quebec and the Maritimes last month caused “hundreds of millions” in U.S. dollars and damaged more than 5,200 homes, according to Impact Forecasting’s latest Global Catastrophe Recap for…
Fire Underwriters Survey (FUS), a division of Opta Information Intelligence, has developed a new model for insurers to better understand the risk of wildfire-related losses. The model was developed after FUS studied the wildfire losses in Kelowna, Slave Lake and…