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News CatastrophesInsuranceMarkets / CoveragesRisk

Private flood insurance cited in new emergency management plan

January 28, 2019 by Jason Contant

Federal, provincial and territorial (FPT) governments could “engage the private sector to develop an affordable private flood insurance model for the entire population, including clear incentives for mitigation of flood risks,” says a newly released emergency management strategy. Ministers have

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Why the global protection gap is the lowest it’s been in 14 years

January 22, 2019 by David Gambrill

Globally, the protection gap in 2018 shrunk to 60% – the lowest level it has been in 14 years, according to a new report on global catastrophes by Aon plc. Extreme weather drove the majority of the globe’s $225-billion worth

News AdjustersMergers and Aqcuisitions

Where the claims industry stands on flexible workplace conditions

January 22, 2019 by Canadian Underwriter

Editor’s Note:  This version of the story clarifies that previous remarks attributed to Glen Hopkinson were not intended in any way to be interpreted as connected to the merger of AXA and XL Catlin. His remarks were intended to refer

News AdjustersCatastrophesClaimsInsurance

What needs to be done to address independent adjuster mobility

December 10, 2018 by Jason Contant

The Canadian Independent Adjusters’ Association (CIAA) has proposed a “national emergency licensing protocol” to address mobility issues facing independent adjusters in Canada. It has also proposed a national licensing qualification, a longer-term solution that would require legislative changes to Insurance

News AppointmentsInsurance

Alister Campbell to lead PACICC in February 2019

December 3, 2018 by Jason Contant

Alister Campbell, a 30-year industry veteran, has been appointed president and CEO of the Property and Casualty Insurance Compensation Corporation (PACICC), effective Feb. 4, 2019. Campbell’s appointment marks the retirement date of PACICC’s long-time president and CEO, Paul Kovacs, who

News Insurance

The common commercial property exclusion one carrier is addressing

October 9, 2018 by Greg Meckbach

Radioactive contamination and extended business interruption are among the new products that brokers can offer Canadian manufacturers later this fall, The Sovereign General Insurance Company announced. Nuclear risks are normally not included in property and casualty insurance policies, though some

News Risk

Irving oil explosion raises residential safety concerns

October 9, 2018 Hina Alam - THE CANADIAN PRESS

Oil refineries and other large industrial operations that are surrounded by residential communities need to work harder to ensure safety and protect their own bottom lines, multiple experts say. A massive refinery blast shook Saint John, N.B., on Monday, sending

News LegalMarkets / CoveragesRisk

Walmart fined $20K for selling contaminated food after Fort McMurray wildfire

October 1, 2018 The Canadian Press

FORT MCMURRAY, Alta. – Walmart Canada has been ordered to pay a $20,000 fine for selling contaminated food after a devastating wildfire in northern Alberta two years ago. Some of the charges against Walmart included failing to dispose of food

News AdjustersClaimsInsurance

Tornado damage: View from the ground

September 25, 2018 by Jason Contant

Claims adjusters are reporting a wide range of claims from the two tornadoes that tore through the Ottawa-Gatineau area Friday. “The tornado event is considered to be more like a ‘pocket storm,’” Kumar Sivakumaran, vice president of national operations with

News InsuranceMarkets / CoveragesRisk

Federal government accelerates phase out of rupture-prone rail tankers

September 19, 2018 The Canadian Press

OTTAWA – The federal government is speeding up the timelines for the removal of rupture-prone tank cars from Canadian railroads. Ottawa has taken steps to phase out certain types of tank cars following the deadly train derailment and explosions in

News CatastrophesInsuranceRestoration

Simple disaster preparation rules that commercial clients forget

September 13, 2018 by Greg Meckbach

Though it pays to be tech-savvy, one way commercial clients can manage risk is to learn to do without the Internet and payment card networks, a disaster restoration professional advises. In the event of a major storm, businesses need to

News InsuranceReinsuranceRisk

Will Hurricane Florence affect reinsurance rates in Canada?

September 12, 2018 by Jason Contant

As the southeastern United States braces for Hurricane Florence – one year after Hurricanes Harvey, Irma and Maria caused widespread destruction in the country – the question of whether there is sufficient reinsurance capacity is again thrust into the spotlight.