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Manitoba
2016 insured losses for Canadian cats reached about $4.9 billion last year – 10 times more severe than 2015: PCS
March 7, 2017 by Canadian UnderwriterInsured losses from catastrophe events in Canada reached about $4.9 billion last year, nearly 10 times more severe than 2015, the quietest Canadian catastrophe year on record, according to Property Claim Services’ (PCS) full-year 2016 review. In 2016, PCS designated…
Partnership creates “Canada’s largest Indigenous-owned insurance agency”
March 6, 2017 by Canadian UnderwriterTIPI Insurance Partners and IMI Brokerage Company have announced a partnership to create “Canada’s largest Indigenous-owned insurance agency,” providing property insurance, pension plans and group benefits designed exclusively for Indigenous people. Announced late last week, the partnership roughly doubles TIPI’s…
Flood risk remains “moderate to major” across Manitoba: infrastructure minister
February 27, 2017 by Canadian UnderwriterFlood risk across Manitoba remains “moderate to major” across the province, the provincial infrastructure minister said on Monday. Manitoba Infrastructure Minister Blaine Pedersen issued the province’s first 2017 flood outlook on Monday, suggesting that levels of spring flooding will be…
Manitoba Public Insurance announces higher third party auto liability coverage, up to $10 million
February 27, 2017 by Canadian UnderwriterManitoba Crown Services Minister Ron Schuler and Manitoba Public Insurance (MPI) announced on Monday that customers in the province will soon be able to purchase higher levels of third party liability insurance coverage. Effective March 1, new $7 and $10…
Canadian auto sales to edge down in 2017: Scotiabank
February 7, 2017 by Canadian UnderwriterCanadian auto sales are expected to edge down to 1.94 million units in 2017, coming off four consecutive record years, according to the Scotiabank Global Auto Report, released on Tuesday. Despite the beginning of a sales recovery in the resource-rich…
Conditions prompting risk of “moderate to major” overland flooding across Manitoba: infrastructure minister
February 3, 2017 by Canadian UnderwriterNormal to well-above normal soil moisture and winter precipitation to date, combined with future unfavourable weather conditions, will result in the risk of moderate to major overland flooding across the province of Manitoba, the provincial infrastructure minister said earlier this…
Manitoba to streamline farm building code requirements
January 25, 2017 by Canadian UnderwriterThe 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…
Red River Basin Commission warns of flood season this year in Manitoba
January 24, 2017 The Canadian PressWINNIPEG – The Red River Basin Commission is warning Manitobans living along the Red River to prepare for a flood season. Manitoba RRBC director Steve Strang says while there is a good possibility of flooding, it is hard to predict…
Manitoba 2017 AgriInsurance coverage expected to exceed $2.6 billion on 9.6 billion acres; second-highest level of coverage on record
January 18, 2017 by Canadian UnderwriterAgriInsurance coverage for 2017 is expected to exceed $2.6 billion on 9.6 billion acres in Manitoba, the second-highest level of coverage on record, the governments of Canada and Manitoba said in a statement on Tuesday. AgriInsurance is a federal-provincial producer…
Vehicle owner addresses to be removed from registration cards to protect privacy: Manitoba Public Insurance
January 18, 2017 by Canadian UnderwriterManitoba Public Insurance (MPI) announced on Tuesday that it will be implementing a system change to remove the printing of registered owner addresses on non-commercial vehicle registration cards. Manitoba Crown Services Minister Ron Schuler announced the change “in the interest…
2016 deadliest year on Manitoba roads in a decade: MPI
January 12, 2017 by Canadian UnderwriterManitoba Public Insurance (MPI) reported on Wednesday that it has recorded the deadliest year on provincial highways in a decade. Based on preliminary data, there were 101 fatal collisions on public roadways in Manitoba in 2016, resulting in the deaths…
Severe weather, nat-cats cause record insurable damage in Canada: IBC/CatIQ
January 6, 2017 by Canadian UnderwriterSevere weather last year exacted a heavy toll in terms of insured losses, with the $4.9 billion hit dwarfing the previous annual record of $3.2 billion in 2013, Insurance Bureau of Canada (IBC) reports. Flooding in southern Alberta and the…