116 articles for vacant
Despite re-openings, time is ticking on construction clients’ inactivity limits
May 14, 2020 by Adam MalikA “snowball effect” could leave some construction companies facing major financial challenges despite the slow re-opening of some of their closed worksites, one brokerage warns. In some situations, the damage may already be done, leaving brokers scrambling to help out…
Brokers seek four relief measures for hard-hit commercial clients
April 13, 2020 by Jason ContantCanadian insurers have rolled out a number of measures to help Canadian homeowners, drivers and business owners in need over the past week, and now Canada’s national broker association is discussing with insurers additional relief measures for commercial clients affected…
Brokers seek unified response from insurers on 30-day vacancy clauses
April 9, 2020 by Jason ContantCanadian brokers want a uniform response from insurers on how to deal with commercial policies that have a 30-day vacancy or unoccupied clause. Most commercial property policies have such an exclusion, meaning that losses or damage to property is excluded…
How to help commercial clients during mandatory business shutdowns
March 31, 2020 by Jason ContantAs non-essential businesses shutter across Ontario, your commercial business clients can take a few common sense preventative measures to help ensure their insurance coverage remains in place and facilities are maintained. To further contain the spread of COVID-19, Ontario Premier…
Does ‘material change in risk’ clause need better clarity?
February 3, 2020 by Greg MeckbachDespite Wawanesa’s recent legal victory in a coverage dispute in British Columbia, judges in that province appear to be struggling to interpret the statutory condition on material change in risk. Five years ago, Bob and Linda Schellenberg’s property in Chilliwack…
Unfinished business
January 5, 2020 By Kevin Shipley, Partner, XCG Consulting LimitedWhy a winter construction fire should give underwriters pause before covering the risk of unfinished buildings
There goes the neighbourhood
January 4, 2020 Sarah Cunningham-Scharf, Freelance WriterHow governments and the industry should broach the delicate topic of expropriation in areas at high risk of flood damage
Who’s liable for what in this $2.2-million fuel oil spill
November 18, 2019 by Greg MeckbachAnother chapter in the sad story of a $2.2-million residential heating fuel oil spill, into a fresh-water lake, has been closed. The Supreme Court of Canada announced this past Thursday it will not hear an appeal from Thompson Fuels of…
Opening up the Borders
August 2, 2019 David Gambrill, Editor-in-ChiefPeter Weightman, head of Intact’s specialty unit, shows how the company’s 2017 acquisition of OneBeacon created opportunities in the U.S. for Canadian brokers.
Labour market tightens in finance, insurance
June 28, 2019 by Greg MeckbachWages and job openings in the insurance and financial sectors have dropped, Statistics Canada reported recently. The vacancy rate in insurance and finance stood at 2.8% during the first quarter of 2019, down from 3.1% in 2018 Q1, StatsCan said…
Cause of large B.C. hotel fire still under investigation
June 11, 2019 THE CANADIAN PRESSVICTORIA – Councillors in Victoria are being asked to authorize demolition of what remains of the Plaza Hotel after a fire that burned for four days in the city’s downtown last month. The three-storey, 108-year-old vacant structure had been designated…
What’s closed in Victoria after commercial fire
May 9, 2019 THE CANADIAN PRESSVICTORIA, B.C. – Days after flames tore through a vacant hotel in Victoria, one man is still missing and smoke lingers, forcing the closure of city hall and several other businesses. The fire in the former Victoria Plaza Hotel has…