Keyword
British Columbia
Tug vessels that collided had no formal safety management systems: TSB
August 21, 2017 by Canadian UnderwriterA May, 2016 collision between two logging tugs near Nanaimo, British Columbia demonstrates that some marine firms are “not effectively managing their safety risks,” the Transportation Safety Board of Canada said in a report released Thursday. On May 24, 2016,…
B.C. extends province-wide state of emergency for the third time
August 18, 2017 by Canadian UnderwriterBritish Columbia’s Ministry of Public Safety & Solicitor General announced on Friday that it has formally extended its province-wide state of emergency for the third time. The state of emergency now runs through to the end of the day on…
Many polled Canadians aren’t researching options before buying financial products: LowestRates.ca survey
August 16, 2017 by Canadian UnderwriterWhile Canadians may head online to compare prices on flights or when booking a hotel, most aren’t researching their options before buying financial products, according to a new survey from comparison site LowestRates.ca. The online survey, conducted last month by…
80% of polled Canadians not properly insuring belongings when moving to new homes
August 16, 2017 by Canadian UnderwriterEight of 10 Canadians taking part in a survey from Square One Insurance Services Inc. report not properly insuring their belongings while moving to their new homes. With more than 300,000 Canadians moving to new homes in different provinces each…
More vehicle crashes, increased injury payouts and higher vehicle repair costs contributing to proposed rate hike: ICBC
August 15, 2017 Jason Contant, Online EditorA greater number of vehicle crashes, increased injury costs and higher vehicle repair costs are all contributing to the increase in proposed insurance rates for drivers in British Columbia, the province’s Crown corporation responsible for auto insurance said on Monday.…
Backcountry closures due to wildfires put further economic damper on B.C. region
August 14, 2017 The Canadian Press (CPSTF)WILLIAMS LAKE, B.C. – Businesses in British Columbia’s wildfire-ravaged Cariboo region are bracing for more economic hardship after the closure of much of the backcountry during peak tourism season. Executive director Claudia Blair of the Williams Lake Visitor Centre says…
Most Canadians believe they are good drivers, but admit to at least one bad driving habit: belairdirect survey
August 14, 2017 by Canadian UnderwriterA majority of Canadians (95%) believe they are good drivers, but almost the same amount (93%) have admitted to engaging in at least one bad habit behind the wheel, according to a new belairdirect survey by Leger Research. The online…
B.C. considers closing wide swath of backcountry because of wildfire risk
August 11, 2017 The Canadian Press (CPSTF)WILLIAMS LAKE, B.C. – A mix of dry conditions and forecast lightning has officials in British Columbia considering closing access to a vast section of its backcountry to mitigate the wildfire risk. Restrictions on access to all Crown land in…
2016 was the warmest year on record for the globe, Canadian Prairies experienced one of the “longest and most active storm seasons”: report
August 11, 2017 by Canadian UnderwriterLast year topped 2015 as the warmest year in 137 years of record keeping and marked the third consecutive year of record warmth, the National Oceanic and Atmospheric Administration (NOAA) reported on Thursday. The 27th annual State of the Climate…
CatIQ enters into agreement with Impact Forecasting to use cat event flood response footprints for Canada
August 11, 2017 Jason Contant, Online EditorToronto-based Catastrophe Indices and Quantification Inc. (CatIQ) announced that they have entered into an agreement whereby Impact Forecasting’s cat event response flood footprints for Canada will be made available as a layer on CatIQ’s CatHUB module. “Aon Impact Forecasting’s Canadian…
B.C. tourism businesses feeling effects of wildfires, reporting cancellations
August 10, 2017 The Canadian Press (CPSTF)KAMLOOPS, B.C. – Tourism officials are starting to assess the impact of devastating wildfires in British Columbia and have received mixed feedback on the toll so far on the travel sector. Maya Lange of Destination BC, the province’s tourism planning…
Echelon’s combined ratio improves 4.2 points to 93.5% in Q2, driven by personal auto and commercial property and liability
August 10, 2017 by Canadian UnderwriterToronto-based Echelon Financial Holdings Inc. has reported a combined operating ratio of 93.5% for the second quarter of 2017 ending June 30, a 4.2 point improvement from 97.7% in Q2 2016, driven by strong results in personal auto and commercial…