Canadian Underwriter

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Ministry of Transportation and Infrastructure

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Portions of south, central interior B.C. remain under evacuation alert or order after recent flooding

May 8, 2017 by Canadian Underwriter

Areas in the south and central interior of British Columbia remain under evacuation alert or evacuation order after recent flooding events and there is potential for increased snowmelt and further precipitation and flooding next week, the provincial Ministry of Transportation

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B.C. announces more than $8 million in flood protection in latest round of investments

April 3, 2017 by Canadian Underwriter

British Columbia’s Ministry of Transportation and Infrastructure announced on Friday funding for two flood protection projects in the province. The first is a $4.17 million investment to the District of Kent to expand and upgrade the Hammersley Pump Station, which

News CatastrophesInsuranceMarkets / CoveragesTechnology

Government of British Columbia invests in tsunami, earthquake warning systems

March 28, 2017 by Canadian Underwriter

The government of British Columbia has announced $550,000 in funding for increased capability for tsunami warnings and the potential to provide earthquake early warnings. British Columbia’s Ministry of Transportation and Infrastructure said in a statement on Tuesday that the $550,000

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B.C. government invests over $10.5 million in Fraser Valley flood mitigation

March 23, 2017 by Canadian Underwriter

The province of British Columbia has announced a $10.5 million investment in dike and pump upgrades to the Fraser Valley Regional District’s Nicomen Island diking system as part of more than $80 million in emergency preparedness funding announced on March

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Ridesharing anticipated in B.C. by “end of 2017,” province unveils measures to help taxi industry modernize

March 8, 2017 by Canadian Underwriter

The government of British Columbia announced on Tuesday a series of improvements for the taxi industry in anticipation of “ride-sharing services coming to British Columbia by the holiday season at the end of 2017,” including improving certain insurance products, potentially

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B.C. directs ICBC to conduct review of insurance rates, approve Basic rate increase of no more than 4.9%

December 20, 2016 by Canadian Underwriter

The province of British Columbia has directed the Insurance Corporation of British Columbia’s (ICBC) board to commission a comprehensive, independent third-party review to look at a range of options and make recommendations that will “keep insurance rates affordable and align

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B.C. transportation ministry to use helicopter to clear Vancouver-area bridge cables of snow

December 19, 2016 by Canadian Underwriter

British Columbia’s Ministry of Transportation and Infrastructure announced on Friday that it will use a heavy-lift helicopter to clear cables on the Alex Fraser bridge of ice and snow. Over the past couple of weeks, chunks of ice were reported

News InsuranceMergers and AqcuisitionsTechnology

Crews in B.C. preparing bridges for safety in anticipation of second snowfall

December 8, 2016 by Canadian Underwriter

British Columbia’s Ministry of Transportation and Infrastructure is advising drivers in Metro Vancouver that “work is well underway” to prepare the Alex Fraser and Port Mann bridges for a snowfall expected later Thursday. On Tuesday, the Canadian Press reported that

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B.C. government will no longer insure luxury cars to help eliminate pressures on basic insurance rates

November 24, 2016 by Canadian Underwriter

The government of British Columbia announced on Wednesday that it will no longer insure the high-end luxury car rate class – cars worth $150,000 and over – “so that the broader ratepayer is not subsidizing these cars.” The owners of

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B.C. government invests $2.5-million to address flood risk in Peace Region after June flooding

October 11, 2016 by Canadian Underwriter

About four months after a “substantive rainfall event” that lead to flooding in British Columbia’s Peace Region, the provincial government announced that it is providing $2.5 million to the Peace River Regional District (PRRD) to undertake debris removal and preventative

News InsuranceLegislation / RegulationMergers and Aqcuisitions

B.C. winter tire rules come into effect on Oct. 1

September 26, 2016 by Canadian Underwriter

British Columbia’s Ministry of Transportation and Infrastructure is reminding motorists that “winter weather is just around the corner” and that the province’s winter tire rules come into effect on Oct. 1. The rules mean that drivers will be required to

News CatastrophesClimate Change

No interruption in disaster financial assistance for B.C. flooding victims

July 8, 2016 by Canadian Underwriter

Those receiving payments for uninsurable disaster-related losses in the wake of the rain storm that washed across British Columbia’s Peace River Regional District in June, causing flooding, will not see any disruption should there be a postal strike. In collaboration