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British Columbia


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Alternate dispute resolution, tripling accident benefits among potential solutions for B.C. auto insurance: EY

July 26, 2017 by Canadian Underwriter

The process of suing for compensation for motor vehicle accidents “could be made far more efficient” in British Columbia, whose monopoly auto insurer’s basic accident benefits are “low compared to modern medical and rehabilitation costs” in care-based auto insurance schemes

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Insurance Corporation of B.C. financial condition ‘seriously compromised,’ Basic Autoplan needs redesign: EY

July 25, 2017 by Canadian Underwriter

The premiums charged by British Columbia’s government-run monopoly provider of basic auto insurance are “not high enough” to cover claims, the system is not sustainable and the cost of the average minor bodily injury claim has risen well beyond the

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

B.C. ranchers say costs of wildfires likely top hundreds of millions

July 25, 2017 The Canadian Press (CPSTF)

KAMLOOPS, B.C. – The British Columbia Cattlemen’s Association says wildfires have inflicted a terrible financial and emotional toll on its members. Association manager Kevin Boon says wildfires that broke out earlier this month in B.C.’s Cariboo and Chilcotin regions are

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Changing climate patterns, nat cats affecting electrical grid, Swiss Re and Johns Hopkins study finds

July 25, 2017 by Canadian Underwriter

Changing climate patterns are putting additional strain on both power generation and transmission, and presenting another risk factor for natural disaster mitigation and recovery in North America’s Pacific Northwest region, suggests a new study from Swiss Re and the Johns

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Lack of safety management systems found in “numerous” marine, aviation accident investigations: TSB

July 24, 2017 by Canadian Underwriter

Fifteen years after four passengers drowned in an accident aboard an amphibious sightseeing vehicle across the Ottawa River from the nation’s capital, the Transportation Safety Board of Canada warned Thursday that there has “been only limited progress” on expanding the

News Insurance

More than 200 Canadian military members to help police deal with B.C. wildfires

July 21, 2017 THE CANADIAN PRESS

KAMLOOPS, B.C. – Hundreds of Canadian Armed Forces members will support the police response to devastating wildfires in British Columbia, bringing some relief to scores of exhausted officers on the ground. About 225 soldiers travelled on Thursday from CFB Edmonton

News CatastrophesReinsurance

Wildfires prompt evacuations on outskirts of Penticton, B.C.

July 20, 2017 THE CANADIAN PRESS

PENTICTON, B.C. – Residents of a rural area on the outskirts of Penticton, B.C., on Thursday joined the more than 45,000 people in British Columbia who have fled their homes due to fast-moving fires. The blaze broke out around 9

News CatastrophesReinsurance

British Columbia extends state of emergency two weeks due to wildfires

July 19, 2017 THE CANADIAN PRESS

VICTORIA – British Columbia’s new government is extending the state of emergency for two more weeks as wildfires sweeping across the province’s Interior show no signs of slowing. Premier John Horgan said his government’s first priority is to support the

News CatastrophesInsuranceReinsurance

B.C. officials face challenges in bringing people home after fire evacuations

July 18, 2017 THE CANADIAN PRESS

KAMLOOPS, B.C. – A British Columbia official says getting people to safety as fast-Moving wildfires approached was only half the battle _ the other half will be returning them home. Al Richmond, chairman of the Cariboo Regional District in B.C.’s

News Catastrophes

Extent of damage remains unclear as winds fan B.C. wildfires

July 17, 2017 THE CANADIAN PRESS

KAMLOOPS, B.C. – Wildfires across British Columbia have torn through several communities, but officials say the number of homes, businesses and other structures lost remains unclear. Hot, windy weather has fanned flames across the province, including near Ashcroft, where a

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State of emergency continues as wildfires affect interior B.C.

July 13, 2017 by Canadian Underwriter

Mining and wood products are among the industries affected by wildfires in British Columbia’s interior, where a state of emergency is in place. Imperial Metals Corp. announced Wednesday that an open pit copper/gold mine 56 kilometres northeast of Williams Lake

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Vancouver mobile app development company launches pilot program to protect Canadians from distracted driving

July 12, 2017 by Canadian Underwriter

eBrake Technologies Inc., a mobile app development company founded in Vancouver in June 2016, announced on Wednesday a pilot program that will offer a smartphone app designed to prevent distracted driving. The pilot program will offer smartphone app eBrake to