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IBC applauds Alberta’s move to reduce flood risk

October 28, 2015 by Canadian Underwriter

The Government of Alberta’s announcement this week that it will pump almost $450 million into funding flood protection measures along the Bow and Elbow Rivers shows its “commitment to building resilient communities,” Insurance Bureau of Canada (IBC) notes in a

News CatastrophesInsuranceMergers and Aqcuisitions

Record number of British Columbians participate in ShakeOut earthquake drill

October 15, 2015 by Canadian Underwriter

A record number of British Columbians – 785,000 – took part in the Great British Columbia ShakeOut on Thursday, joining millions around the world, the Insurance Bureau of Canada (IBC) said.  “Since launching the Great British Columbia ShakeOut in 2011,

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David Marshall to serve as advisor on auto reforms to Ontario’s finance minister

October 9, 2015 by Canadian Underwriter

David Marshall has been appointed as advisor to Ontario’s finance minister on auto insurance and pensions, effective Feb. 1, 2016. Marshall will be charged with providing recommendations to the government on further ways to reduce auto insurance costs in the

News CatastrophesInsuranceMergers and Aqcuisitions

Insured damages from August B.C. storm estimated at over $25 million

October 6, 2015 by Canadian Underwriter

Insured damage arising from a windstorm Aug. 29 in British Columbia probably exceeded $25 million, Insurance Bureau of Canada suggested in a release Tuesday. Quoting from Toronto-based Catastrophe Indices and Quantification Inc., IBC said a preliminary estimate of insured damage

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‘No single correct answer’ on how to provide overland flood coverage but government must be involved: IBC

October 4, 2015 Greg Meckbach, Associate Editor

NICC MONTREAL – In order to make overland flood insurance work in Canada, government must be involved – in some way – in pre-planning, but Canada cannot necessarily copy from any other nation’s flood program, Insurance Bureau of Canada’s chief

News CatastrophesClimate ChangeInsurance

Rain barrels an old-fashioned solution to modern water damage problem: IBC

September 16, 2015 by Canadian Underwriter

Old is new again when it comes to rain barrels and how they can be used to help combat the modern problem of increasing water damage, suggests Insurance Bureau of Canada (IBC). Insurance claims for water damage have soared in

1 Ulrich Kadow, chief agent, Allianz Global Corporate & Specialty Canada.
Feature Associations

Moves and Views

June 1, 2015 by Canadian Underwriter

1 Allianz Global Corporate & Specialty SE (AGCS) announced in May that Ulrich Kadow [1] has been appointed chief agent for AGCS Canada. Kadow was previously AGCS’s global head of package and multi-line, “where he established the mid-market property, liability

Feature AssociationsLegalMergers and Aqcuisitions

Attack of the Clones

May 1, 2015 Greg Meckbach, Associate Editor

Criminals are getting more sophisticated at cloning vehicle identification numbers. But because there is no single tool specifically designed to detect cloning, some consumers who buy vehicles do not realize they are actually stolen or declared irrepairable, often leaving insurers on the hook.

Ralph Palumbo, Vice President, Ontario, Insurance Bureau of Canada
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The War on Staged Collisions

April 1, 2015 Ralph Palumbo, Vice President, Ontario, Insurance Bureau of Canada

The “car accident business” is not only big and expensive, it is ever-changing and ever-evolving. A co-ordinated campaign by all players in the property and casualty industry is critically important to gain ground and drive back auto insurance fraud estimated to cost more than $1 billion a year in Ontario.