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PM hails national climate change deal, but without Saskatchewan, Manitoba

December 11, 2016 Bruce Cheadle - THE CANADIAN PRESS

OTTAWA – Prime Minister Justin Trudeau declared victory Friday in his campaign to craft a national “framework” agreement on climate change – even though Saskatchewan and Manitoba refused to sign on to the deal and British Columbia claimed a major

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Crews in B.C. preparing bridges for safety in anticipation of second snowfall

December 8, 2016 by Canadian Underwriter

British Columbia’s Ministry of Transportation and Infrastructure is advising drivers in Metro Vancouver that “work is well underway” to prepare the Alex Fraser and Port Mann bridges for a snowfall expected later Thursday. On Tuesday, the Canadian Press reported that

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Belairdirect now offering home and auto insurance in British Columbia

November 24, 2016 by Canadian Underwriter

Online insurance company belairdirect announced on Thursday that it is now offering home and auto insurance services in British Columbia. “This is a very exciting day for belairdirect, our employees and our customers,” said Henry Blumenthal, vice president of sales

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B.C. government will no longer insure luxury cars to help eliminate pressures on basic insurance rates

November 24, 2016 by Canadian Underwriter

The government of British Columbia announced on Wednesday that it will no longer insure the high-end luxury car rate class – cars worth $150,000 and over – “so that the broader ratepayer is not subsidizing these cars.” The owners of

News AssociationsCatastrophesClimate ChangeConstructionEarnings / RatingsLegislation / RegulationMergers and AqcuisitionsReinsurance

Federal government should consider emergency back-stop mechanism for catastrophic earthquake: conference board

November 22, 2016 by Canadian Underwriter

The Conference Board of Canada is echoing a recent recommendation by a former federal superintendent of financial institutions for Ottawa to consider adopting a last-resort, emergency back-stop mechanism for a catastrophic earthquake given the long-reaching, adverse effects that the event

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Eleven families evacuated as flooding hits near Port Alberni, B.C.

November 9, 2016 The Canadian Press

PORT ALBERNI, B.C. – Eleven families have been evacuated from the Tseshaht First Nation on Vancouver Island as the Somass River surges over its banks in low-lying areas west of Port Alberni, B.C. Rain warnings posted for the central Vancouver

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Storms hamper attempt to clean up, contain fuel spill off B.C. coast

October 24, 2016 The Canadian Press

BELLA BELLA, B.C. – Officials say booms containing a fuel spill from a sunken tug off British Columbia’s central coast have been replaced, but clean up crews continue to face harsh weather as they attempt to work in the area.

News AssociationsCatastrophesEarnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Great British Columbia ShakeOut attracts record number of registrants

October 20, 2016 by Canadian Underwriter

The Great British Columbia ShakeOut is clearly gaining more traction, with a record 800,000 British Columbians registering for today’s “Drop, Cover and Hold On” drill, joining almost 41.5 million others around the world. “This year, we saw the largest number

News CatastrophesInsuranceMarkets / Coverages

Some diesel fuel safely pumped from sunken tug on B.C. central coast

October 18, 2016 The Canadian Press

BELLA BELLA, B.C. – Salvage crews have removed more than 23,000 litres of diesel from a sunken tug on British Columbia’s central coast in the latest effort to avert an environmental disaster near the Great Bear Rainforest. A second attempt

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ICBC helps launch pedestrian safety campaign as crashes “spike at this time of year”

October 18, 2016 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) has launched a pedestrian safety campaign with the provincial government and police to urge pedestrians and drivers to stay safe as “crashes involving pedestrians spike at this time of year.” On average, 59

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B.C. government invests $2.5-million to address flood risk in Peace Region after June flooding

October 11, 2016 by Canadian Underwriter

About four months after a “substantive rainfall event” that lead to flooding in British Columbia’s Peace Region, the provincial government announced that it is providing $2.5 million to the Peace River Regional District (PRRD) to undertake debris removal and preventative

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First autumn wind storm over southern B.C. cuts power to thousands of customers

October 7, 2016 The Canadian Press

VANCOUVER – BC Hydro crews across Vancouver Island and British Columbia’ south coast are working hard to restore power to thousands of customers following the region’s first autumn wind storm. Gusts of nearly 90 kilometres per hour were recorded during