Keyword
Saskatchewan
Flood coverage applied to more than three in four eligible SGI home insurance policies
July 21, 2017 by Canadian UnderwriterSaskatchewan Government Insurance reported Thursday a consolidated loss ratio of 60.4% for the year ending March 31, 2017, while 77% of all eligible homeowner policies have optional water protection coverage introduced last year. SGI Canada – the trade name of…
Severe thunderstorm in Saskatoon causes power outages, street flooding
July 11, 2017 by Canadian UnderwriterCrews from the City of Saskatoon are responding to “power outages, lifted manhole covers and flooded streets” following a severe thunderstorm Monday evening. According to a press release on Monday from the city, Environment Canada issued a thunderstorm warning and…
IBC encouraging policyholders to discuss policy limits with insurers as B.C. wildfires continue
July 10, 2017 by Canadian UnderwriterAs British Columbia has declared a state of emergency due to wildfires burning out of control throughout much of the Interior, the Insurance Bureau of Canada (IBC) is encouraging policyholders to discuss policy limits with their insurer. Most home and…
Canadians evacuated from homes after a wildfire can expect to suffer $11,300 in financial losses: Square One Insurance
July 6, 2017 by Canadian UnderwriterCanadians evacuated from their homes because of wildfires can expect to suffer an average of $11,300 in financial losses, a recent study from Square One Insurance Services Inc. has found. Those with home insurance can recover most, but not all,…
MSA calls for ‘sustainable solution for underinsurance’ in overland flood
June 27, 2017 by Canadian UnderwriterA potential solution to overland flood risk in Canada “could follow” the model of Britain’s Flood Re, MSA Research Inc. suggested in a report released Monday to Canadian Underwriter. Toronto-based MSA released its Quarterly Outlook Report for Q1 2017. In…
Investment income doubles for Canadian P&C industry: MSA
June 27, 2017 by Canadian UnderwriterThe Canadian property and casualty insurance industry had essentially no underwriting income during the first three months of the year but Q1 net investment income more than doubled year over year, figures from a report from MSA Research Inc. suggest.…
Canadians “greatly overestimate” their financial literacy skills, including those related to auto insurance: survey
June 27, 2017 by Canadian UnderwriterMore than two-thirds (67%) of polled Canadians responded incorrectly when asked if an expensive car always costs more to insure that a cheaper car, according to a new survey on Canadians’ financial literacy. Commissioned by Toronto-based LowestRates.ca, which provides a…
Saskatchewan police report more than 320 impaired driving offences in May traffic safety spotlight
June 22, 2017 by Canadian UnderwriterDuring the same month it released its awareness campaign on impaired driving, Saskatchewan Government Insurance (SGI) has reported 324 impaired-driving related offences during May’s traffic safety spotlight – “another reminder of why such campaigns are needed.” Last month, police reported…
May storms in Ontario, Quebec and the Maritimes caused hundreds of millions in damage and damaged more than 5,200 homes: Aon Benfield
June 8, 2017 by Canadian UnderwriterSeveral low pressure systems that brought heavy rainfall to portions of Ontario, Quebec and the Maritimes last month caused “hundreds of millions” in U.S. dollars and damaged more than 5,200 homes, according to Impact Forecasting’s latest Global Catastrophe Recap for…
Auditor calls for better pipeline regulations, monitoring in Saskatchewan
June 7, 2017 Jennifer Graham - THE CANADIAN PRESSREGINA – Saskatchewan’s provincial auditor says the government isn’t doing enough to effectively regulate oil and gas pipelines. Judy Ferguson says in her annual report that as of the end of March, the Ministry of the Economy did not have…
Spring storm in Alberta and Saskatchewan uproots trees and knocks out power
May 25, 2017 The Canadian PressA 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…
Saskatchewan government extends effective data for PST on insurance premiums
May 18, 2017 by Canadian UnderwriterThe Government of Saskatchewan announced on Wednesday that it has extended the effective date for the application of provincial sales tax to insurance premiums following discussions with insurance industry associations. The Ministry of Finance said in a press release that…