Keyword
Economical Insurance
An estimated 90% of homes in Fort McMurray, Alta. neighbourhood lost in wildfire
May 4, 2016 by Canadian UnderwriterAn estimated 90% of the homes in the Waterways neighbourhood of Fort McMurray, Alta. have been lost as a major wildfire continues to sweep through the town. The Regional Municipality of Wood Buffalo said in a media briefing on Wednesday…
Launch into direct-to-consumer market expected soon, demutualization packages being mailed: Economical Insurance
May 4, 2016 by Canadian UnderwriterEconomical Insurance’s “journey towards becoming a strong, Canadian, independent public company is now well under way,” a leg of which will include a strategic expansion into the direct-to-consumer market, president and CEO Karen Gavan said during the mutual’s Annual General…
Economical Insurance to launch overland flood coverage in 2016
May 1, 2016 Greg Meckbach, Associate EditorEconomical Insurance of Waterloo, Ont plans to launch a property insurance product that covers overland flooding this year, a company official told industry professionals Friday. “We are really looking forward at Economical to launching our overland flood coverage later this…
‘Fair amount of uncertainty’ of financial impact of Canadian earthquakes: OSFI deputy superintendent
April 14, 2016 Greg Meckbach, Associate EditorThe financial risk from an earthquake in Quebec is “a lot bigger than maybe people think,” a Munich Re Canada executive suggested Wednesday, while the head of Aon Benfield Canada suggested Canadians on the west coast “may be” underinsured for…
Family Rules
April 1, 2016 Mike Adlem, Chair, Insurance & Professional Liability Practice Group, Gowling WLG (Canada) LLPThe Supreme Court of British Columbia, in reviewing a typical family exclusion contained in homeowner policies, took the rare step of drafting an exclusion that would have been effective in the case at issue. The court’s views and language should be of interest to all underwriters of Canadian homeowner policies.