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Difficult year for Canada’s p&c insurance industry: IBC’s McGown

April 4, 2017 by Angela Stelmakowich

The Fort McMurray wildfire and other large weather events combined with the lowest return on investment (ROI) in decades to produce a very difficult year for Canada’s p&c insurance industry in 2016, David McGown, senior vice president of strategic initiatives

News CatastrophesInsuranceMarkets / Coverages

Federal disaster mitigation funding “a leap forward”: ICLR

March 23, 2017 Angela Stelmakowich

The federal budget’s commitment to create a $2 billion Disaster Mitigation and Adaptation Fund demonstrates Ottawa’s increasing support for disaster risk reduction, suggests Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR). “For many years, the federal

News Earnings / RatingsInsuranceLegislation / Regulation

Canadian politicians agree in principle to increase employers’ Canada Pension Plan contributions

June 27, 2016 by Canadian Underwriter

Less than a month after Ontario passed a law mandating participation for some employees in a province-sponsored pension plan, most of Canada’s premiers signed an agreement in principle, with the federal government, to increase contributions to the Canada Pension Plan.

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B.C. provides $1.47 million for flood mitigation project near Fairmont Hot Springs Resort

May 24, 2016 by Canadian Underwriter

The province of British Columbia announced on Friday that it is committing nearly $1.5 million toward a flood mitigation project in East Kootenay. The $1.47 million in funding will go toward a flood mitigation project near Fairmont Hot Springs that