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Construction of mitigation infrastructure to protect against flood should be seen as nation-building projects: Australian insurers

April 12, 2017 by Canadian Underwriter

The Insurance Council of Australia (ICA) cited the Canadian government’s budget commitment to create a Disaster Mitigation and Adaptation Fund in a recommendation to its own federal government to treat the construction of mitigation infrastructure to protect flood-prone towns as

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Ontario should adopt ‘multi-provider insurance system’ for new home warranties: Cunningham

April 3, 2017 by Canadian Underwriter

Warranties that new homes in Ontario are free from defects should be available from multiple providers and treated as insurance products, former judge J. Douglas Cunningham recommended in a recent report. Warranty coverage currently available from Tarion Warranty Corp. “should

News AssociationsCatastrophesClimate ChangeInsurance

Openness to making homes, businesses resilient to severe weather encouraging: OMIA’s John Taylor

March 31, 2017 by Angela Stelmakowich

There are encouraging signs from government, municipalities and builders that resiliency needs to become part of building code conversations given that severe weather shows no signs of abating, suggested John Taylor, president and CEO of the Ontario Mutual Insurance Association

News CatastrophesClimate ChangeInsuranceReinsurance

Landmark federal investments for disaster-proofing communities, enhancing resilience: IBC

March 23, 2017 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has voiced the property and casualty industry’s strong support for the federal government’s move to beef up investments aimed at enhancing resilience by better disaster-proofing communities. As part of the 2017 Federal Budget tabled Wednesday,

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Manitoba to streamline farm building code requirements

January 25, 2017 by Canadian Underwriter

The government of Manitoba announced on Wednesday that it is removing “unnecessary regulatory requirements” on the construction of farm buildings. Manitoba Agriculture Minister Ralph Eichler suggested in a statement that the removal of the regulations will support the long-term, sustainable

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Court denies replacement value coverage on fire claim after owners plan to build larger structure on same Ottawa site

December 20, 2016 by Canadian Underwriter

In a fire insurance claim, the courts recognize that “the need to rebuild premises which more closely resembled the original” is critical in triggering coverage for replacement value rather than actual cash value, Dutton Brock LLP suggested in a bulletin

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

Fire sprinkler installation projects in retirement homes, supportive housing, eligible for new Ontario government funding

August 19, 2016 by Canadian Underwriter

Three years after the Ontario government mandated automatic sprinklers in retirement homes and other facilities housing vulnerable people within five years, the province’s community and social services ministry announced Thursday it will provide $6.5 million to more than 130 facilities

News CatastrophesInsuranceMergers and Aqcuisitions

California officials: Faulty hot tub caused deadly 2015 fire

August 12, 2016 Paul Elias - THE ASSOCIATED PRESS

SAN FRANCISCO – A hot tub’s faulty wiring ignited one of California’s most destructive wildfires, a blaze that killed four people, sent four firefighters to the hospital and destroyed more than 1,300 homes last year, officials said Wednesday. In addition,