What the May 4 windstorm can teach the industry about catastrophe modelling
June 13, 2018 by Jason ContantRare events like the May 4 windstorm that primarily affected southern Ontario often cause the most damage, but are also the most difficult to generalize in catastrophe modelling predictions, according to a Canadian weather forecasting and research firm. “While the…
An overlooked consequence of basement flooding
June 13, 2018 by Greg MeckbachIf your home insurance client is an entrepreneur, consider what happens to that client’s business if his or her home basement gets flooded. A case in point is Laila and Zafar Ismaili, a married couple who own Enviro Digital Printing…
How fast are standalone cyber premiums growing in Canada?
June 11, 2018 by Jason ContantStandalone cyber insurance premiums in Canada are expected to be worth about $68 million in 2020, an increase at a compound annual growth rate of 15.8% relative to the 2016 estimate, Finaccord said Monday. Alan Leach, director of the London,…
Crews fight hotspots, flare ups in large fire
June 11, 2018 The Canadian PressCOLE HARBOUR, N.S. – Fire flared up again near a popular hiking trail in Cole Harbour, N.S., as crews continued to try to put out hotspots and quench the remnants of a large blaze that forced the evacuation of dozens…
Some business risks from marijuana regulation changes
June 7, 2018 by Greg MeckbachA Canadian fish oil supplement supplier, a business that hopes to enter the medical marijuana industry, is warning of the risks posed by the “rapidly-evolving” cannabis industry and uncertainty over Health Canada’s license approval process. Health, safety and environmental regulations…
Improved traffic management cheapest way to reduce congestion: CAA
June 6, 2018 The Canadian PressTORONTO – The Canadian Automobile Association says there are a number of simple measures that could be taken to reduce congestion on roads across the country. A CAA-commissioned study released last year estimated the country’s worst bottlenecks result in 11.5…
Sharing the Road
June 6, 2018 Emily Atkins, EditorWho will be in charge as autonomous vehicles and human-driven cars operate side by side on our highways?
New Brunswick says flood hit homes may not get approval for rebuild
June 5, 2018 Kevin Bissett - THE CANADIAN PRESSFREDERICTON – New Brunswick flood victims may not be able to rebuild their homes – or only rebuild after significant mitigation efforts like raising them. The destructive, record-setting spring floods along the Saint John River and other waterways have prompted…
May windstorm largest insured event in Ontario in five years: CatIQ
June 1, 2018 by Jason ContantThe early May windstorm that struck Ontario and parts of Quebec topped $410 million, the costliest insured event since the 2013 Toronto floods, Catastrophe Indices and Quantification Inc. (CatIQ) said Friday. The majority of the damage from the windstorm –…
About 10,000 homes were in N.B. flood areas, but damage still unclear
May 19, 2018 The Canadian PressFREDERICTON – New Brunswick’s environment minister has given a new sense of scale to the province’s record-setting floods, saying as many as 10,000 homes and businesses were within flood zones. Andrew Harvey said Thursday that precise figures have yet to…
Province offers compensation for flood-damaged cottages
May 16, 2018 The Canadian PressFREDERICTON – The New Brunswick government will compensate cottage owners whose properties were damaged by record-breaking flooding, while also requiring residents to develop plans to mitigate against future floods. Environment and Local Government Minister Andrew Harvey announced the special, one-time…
Economical exposed to Ontario’s auto market cycles
May 9, 2018 by Greg MeckbachExposure to Ontario’s regulated auto market is one factor leading to the “unsatisfactory” financial performance at Economical Insurance, CEO Rowan Saunders suggested to mutual policyholders attending the company’s annual general meeting, held Monday at the Bingemans Centre in Kitchener, Ont.…