News
These two provinces now have storm surge and overland flood coverage
January 7, 2019 by Jason ContantHomeowners in Quebec now have storm surge coverage available, while homeowners in Manitoba are covered for overland flood damage, The Co-operators said Monday. Storm surge, which includes rising water levels and waves caused by storms, presents a significant flood risk,…
In defence of public insurance
January 7, 2019 by Jason ContantBritish Columbia’s public auto insurer is challenging the view that opening up the market to competition will create efficiencies and better accident benefits. The Insurance Corporation of British Columbia (ICBC) was responding to comments from the Canadian Federation of Independent…
Insurer reacts to new distracted driving penalties
January 7, 2019 by Greg MeckbachThe new licence suspensions and $500 minimum fines for distracted driving should remind Ontario motorists not to text and drive, a spokesperson for CAA South Central Ontario predicts. “We hope this is going to serve as a deterrent,” CAA SCO…
Homeowner loses case arising from power surge
January 7, 2019 by Greg MeckbachA British Columbia homeowner who suffered property damage due to an electrical power surge cannot claim damages from the city, the Civil Resolution Tribunal has ruled. In January, 2016, a City of Salmon Arm snowplow hit a power pole, resulting…
Massive fire continues on Halifax-bound container ship
January 7, 2019 by THE CANADIAN PRESSHALIFAX – A second offshore support vessel has arrived off Canada’s east coast to help fight a fire that has been burning for days aboard a large container vessel bound for Halifax. “Several containers are still burning,” Tim Seifert, a…
The Co-operators acquires Quebec independent brokerage
January 4, 2019 by Jason ContantThe Co-operators announced Thursday it has purchased Quebec-based independent brokerage Assurances Madelein Inc., its 16th office in the province. The Laval, Que.-based brokerage’s portfolio includes personal and commercial insurance lines, as well as life, disability, health and mortgage insurance, and…
2019 Executive Outlook | Martin Thompson, RSA Canada
January 4, 2019 by Canadian UnderwriterCanadian Underwriter approached Canadian P&C industry executives with two questions: 1) What is the single most important change the industry must make looking forward into 2019? 2) How might this change be brought about? Their answers, featured in our 2019…
2019 Executive Outlook | Rowan Saunders, Economical
January 4, 2019 by Canadian UnderwriterCanadian Underwriter approached Canadian P&C industry executives with two questions: 1) What is the single most important change the industry must make looking forward into 2019? 2) How might this change be brought about? Their answers, featured in our 2019…
Judges disagree on whether a sandbar is a highway
January 4, 2019 by Greg MeckbachThe definition of “highway,” which is often debated in coverage disputes, is not as broad as some might think, the Court of Appeal for British Columbia has ruled. Robert Adam took Insurance Corporation of B.C. to court after he was…
Flood watches in British Columbia result from heavy rain
January 4, 2019 by THE CANADIAN PRESSVANCOUVER – Rainfall, wind, snow and winter storm warnings have been lifted for all of southern B.C. after a powerful system swept across the province leaving flooded or snow-clogged roads in its wake. On Vancouver Island, torrential downpours forced flood…
2019 Executive Outlook | Colm Holmes, Aviva Canada
January 3, 2019 by Canadian UnderwriterCanadian Underwriter approached Canadian P&C industry executives with two questions: 1) What is the single most important change the industry must make looking forward into 2019? 2) How might this change be brought about? Their answers, featured in our 2019…
2019 Executive Outlook | Heather Masterson, Travelers Canada
January 3, 2019 by Canadian UnderwriterCanadian Underwriter approached Canadian P&C industry executives with two questions: 1) What is the single most important change the industry must make looking forward into 2019? 2) How might this change be brought about? Their answers, featured in our 2019…