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News Legislation / RegulationMarkets / Coverages

Why clients need advice on ‘litigation hot spots’

October 21, 2018 by Greg Meckbach

Commercial brokers advising Canadian clients with operations in foreign countries need to understand consumer protection and pollution laws in those countries. “It’s up to a broker to make sure that he or she is well versed in what those countries’

News Risk

Filling hydro dams in Quebec causing small earthquakes

October 14, 2018 Stephanie Marin - THE CANADIAN PRESS

MONTREAL – Filling the reservoirs of Quebec’s hydroelectric dams has sometimes caused small earthquakes – a process that doesn’t seem to have occurred elsewhere in Canada, according to a seismologist who has studied the phenomenon. Maurice Lamontagne says it’s still

News BrokersInsurance

Will Nova Scotia earthquake spur uptake in insurance coverage?

October 1, 2018 by Jason Contant

A small earthquake that struck Nova Scotia’s western shore Saturday has again highlighted the lack of uptake of earthquake coverage in Atlantic Canada. At about 10:30 a.m. on the morning of Sept. 29, a magnitude-3.1 quake struck off the coast

News Risk

Strong Oregon quake felt in Vancouver and Sidney, B.C.

August 23, 2018 The Canadian Press

VANCOUVER – A magnitude 6.2 earthquake that hit nearly 300 kilometres off the south-central coast of Oregon early Wednesday was strong enough to be felt in British Columbia. Data from the United States Geological Survey shows residents in Vancouver and

News CatastrophesClaimsInsuranceTechnology

Cyber catastrophe bonds: Coming soon?

July 13, 2018 by Greg Meckbach

With computer security incidents causing business interruption and privacy breaches, there is a “very real possibility” that a catastrophe bond covering cyber risk might be available, the head of a cyber risk modelling vendor predicts. Catastrophe bonds are a form

News Insurance

New P&C database could increase cat bond, ILW activity in Canada

June 27, 2018 by David Gambrill

Catastrophe Indices & Quantification Inc. (CatIQ) has launched Canada’s first ever insurance Industry Exposure Database (IED), developed with support from the Canadian property and casualty insurance industry and in partnership with Zurich-based PERILS AG. The IED contains 2016 and 2017

News Markets / Coverages

Small earthquake detected off coast of B.C.

June 4, 2018 The Canadian Press

HAIDA GWAII, B.C. – A small earthquake has been detected off of British Columbia’s coast. Earthquakes Canada says the 4.2-magnitude quake struck Saturday afternoon, 94 kilometres west of the village of Masset, B.C., in the Haida Gwaii archipelago. The agency

News CatastrophesClaimsInsurance

No hard market despite 2017 hurricane losses: Fairfax

May 17, 2018 by Greg Meckbach

Despite nearly US$100 billion in hurricane losses in 2017, insurance buyers are not experiencing a hard market like they did after the 2001 terror attacks that brought the World Trade Centre down, the head of Fairfax Financial Holdings Ltd. suggests.

News BrokersInsuranceLegal

Broker fined for out-of-province licensing muddle

April 24, 2018 by David Gambrill

The Insurance Council of Manitoba has fined Randolph McGlynn of Advocis Brokers Services Inc. $2,000 for attesting that two agents were licensed to do business in Manitoba when in fact they never held agent licenses in the province. Instead, the

News ClaimsInsurance

Windsor tremor shows quake risk exists anywhere in Canada

April 23, 2018 by Greg Meckbach

Earthquakes do hit southern Ontario from time to time but the area hit last week has a low risk of experiencing property damage arising from earthquakes, an Insurance Bureau of Canada official told Canadian Underwriter. Natural Resources Canada reported that

News AssociationsTechnology

Which insurance carriers are no longer using Z-codes to denote coverage

April 18, 2018 by Greg Meckbach

More than a dozen Canadian property and casualty insurers are using standardized codes to denote coverages, endorsements and discounts in broker’s databases. Thirteen insurer members of the Centre for Study of Insurance Operations ‘are now 100% standards-compliant,” meaning they are

News InsuranceMarkets / Coverages

“Mysterious swarm” of earthquakes rattles New Brunswick village again

April 13, 2018 Kevin Bissett - THE CANADIAN PRESS

MCADAM, N.B. – Two years after a mysterious “swarm” of earthquakes rattled homes and nerves in a New Brunswick village, they’ve started up again. Earthquakes Canada has recorded 22 earthquakes in New Brunswick over the last 30 days, with most