Katrina. Rita. Wilma. These names are now associated with some of the worst – and most costly – natural disasters in history. On a global scale, natural catastrophes and man-made disasters set records in 2005. Hurricanes might have captured headlines,…
A new six-month pilot with the goal to increase safety on Alberta highways recently commenced. The project, which aims to quell the growing concern of traffic safety, involves Provincial Protection Officers (PPOs) from Alberta Solicitor General and Public Security working…
The shutdown of Calgary, Alberta-based Suncor Energy Inc. following a fire earlier this month, could produce a significant insurance bill as the company announces it will not be back to full production until the third quarter of this year.Suncor is…
The oil and gas industry was already facing steep insurance rate hikes and capacity concerns before the terrorist attacks of 9/11. More than two years after that event, it is still reeling from coverage restrictions, record-level deductibles and a massive spike in prices. However, the bigger players appear to have learnt their lesson of the insurance market’s pricing vagaries, and they have identified and created alternative risk transfer mechanisms.
In a post-pandemic hard market, where economic uncertainty mounts and severe weather losses continue to soar, the value of fast, efficient claims service has never been more important. “The frequency and ferocity of severe weather events will continue to increase…
MISSISSAUGA, ON, MARCH 24, 2022 – First Onsite Property Restoration, Canada’s leading property restoration company, marks the end of winter with the release of The Spring Melt, the first in a series of consumer surveys set to examine Canadians’ concerns, perceptions,…
MISSISSAUGA, ON, MAR. 29, 2021/insPRESS/– FirstOnSite Restoration, Canada’s leading property restoration company, today announced that eight North American sister companies from Canada, the U.S., and Puerto Rico have adopted the Canadian name and are moving to a new unified brand…
Canada’s solvency regulator and the property and casualty insurance industry are working to defuse a potentially explosive situation – one that could
see global reinsurance capital fleeing from Canada. What will be the outcome of this ticking regulatory time bomb?
CALGARY – Melody Garner-Skiba and her family have had some tough conversations since a wildfire raged into Waterton Lakes National Park in southeastern Alberta two years ago, spread into nearby grassland and destroyed their horse-breeding ranch. “It’s definitely taken a…
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