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How high cat losses could go this year

August 4, 2020 by Adam Malik

Alberta has become the epicentre for cat losses this year as combined insured damage could reach, if not exceed, $2 billion in the province alone after multiple natural catastrophes have hit various regions over a four-month span. The calculations come

News AdjustersLegislation / RegulationRisk

Edmonton window washing accident amid high winds under investigation

October 31, 2019 THE CANADIAN PRESS

EDMONTON – The City of Edmonton says it’s investigating a window-washing company that was working on the capital’s tallest tower last week in windy conditions when a suspended platform smashed into the building and threw a worker over a railing.

News EngineeringLegal

How an engineer failed to spot a major basement water problem

September 3, 2019 by Greg Meckbach

Three months after Edward Kent and Teresa Tomsky bought their Edmonton home, they noticed a musty smell in their basement. It turns out a foundation crack, which they were led to believe was minor, was actually quite serious. The foundation

News Claims

School bus accident on highway injures 12

May 23, 2019 THE CANADIAN PRESS

EDMONTON -Twelve people, including 11 children, were taken to hospital Thursday after a school bus crash on one of Edmonton’s busiest freeways. Emergency officials said the collision happened at about 8:15 a.m. on Whitemud Drive near the Quesnell Bridge over

News InsuranceRisk

Bank robbery involves improvised explosive device

December 13, 2018 THE CANADIAN PRESS

EDMONTON – Two security guards were injured in an explosion during an overnight armed holdup at a Scotiabank branch in northeast Edmonton. Police at the scene said the guards – a man and a woman employed by GardaWorld – suffered

News InsuranceLegalMergers and AqcuisitionsTechnology

MacEwan University in Edmonton victim of $11.8 million phishing attack

September 1, 2017 by Canadian Underwriter

MacEwan University has reported it was the victim of a phishing attack in August that resulted in the transfer of $11.8 million to the alleged perpetrator. MacEwan University said in a statement on Thursday that it discovered the fraud on

News ConstructionInsuranceLegal

Need for building code upgrades ‘did not come about’ due to ice damage: Alberta court

August 14, 2017 by Canadian Underwriter

The Supreme Court of Canada will not be hearing an appeal from an Edmonton shopping mall owner, whose award – of more than $500,000 against insurers, arising from a disputed claim involving building code upgrades – was reversed on appeal.

News CatastrophesInsuranceMergers and Aqcuisitions

Asia records US$11 billion economic loss from heavy flooding in July, western Canada affected by wildfires, severe weather: Aon

August 8, 2017 by Canadian Underwriter

Relentless seasonal flooding that began in mid-June resulted in continued fatalities and damage across parts of Asia in July, causing an estimated US$11 billion in economic losses, according to Impact Forecasting’s latest Global Catastrophe Recap report. On Tuesday, Impact Forecasting,

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

CEP Forensic and Sintra Engineering merge to create “Canada’s largest forensic engineering firm”

July 4, 2017 by Canadian Underwriter

CEP Forensic Inc. and Sintra Engineering Inc., eastern and western Canadian forensic engineering providers, have announced a merger to create what they are calling the country’s largest forensic engineering firm. The newly created entity, CEP-Sintra, will have close to one

News CatastrophesInsuranceMergers and Aqcuisitions

Spring storm in Alberta and Saskatchewan uproots trees and knocks out power

May 25, 2017 The Canadian Press

A nasty spring storm has toppled semis, uprooted trees and produced localized flooding throughout much of Saskatchewan and Alberta. In Saskatoon, wind speeds were recorded at 105 kilometres an hour Wednesday afternoon, leaving garbage bins strewn throughout the streets, shingles

News InsuranceLegalMergers and Aqcuisitions

IBC, Edmonton Police Service and RCMP join forces on campaign about rising auto theft rates in Edmonton

May 19, 2017 by Canadian Underwriter

The Insurance Bureau of Canada (IBC), Edmonton Police Service (EPS) and the RCMP are partnering to launch an educational campaign on rising auto theft rates in Edmonton. The campaign, titled Lock Out Auto Theft, consists of a website, social media

News InsuranceLegalMergers and Aqcuisitions

Exclusion clause for ‘conversion’ in comprehensive auto policy ‘does not come close’ to being easily intelligible: Court

April 24, 2017 by Canadian Underwriter

An exclusion in an auto insurance policy for loss or damage caused by “conversion,” by someone in lawful possession of a vehicle does not apply to a truck tractor badly damaged by fire, a Supreme Court of British Columbia judge