One tornado that struck the Dunrobin, Ont. area Friday was only the second EF3 twister to touch down in the province in September or later – and the first during this time period in 120 years, said Glenn McGillivray, managing…
Two confirmed tornadoes ripped through the Ottawa-Gatineau area late Friday afternoon, critically injuring five and causing extensive damage to homes, cars and commercial buildings. Environment Canada confirmed Sunday that an EF-3 category twister hit Dunrobin, Ont., a suburb northwest of…
If your corporate client goes under and occupies polluted land, what happens if individual directors are left on the hook to clean up environmental contamination? This is the subject of “long, complex discussions” that Aon Canada brokers are having with…
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…
Nearly seven in 10 people polled in Newfoundland and Labrador support a cap on auto insurance payouts for minor injuries, Insurance Bureau of Canada (IBC) revealed in a new study. This week, IBC released the results of a public opinion…
Although heavy rain soaked Torontonians during Monday’s morning rush hour, the storm won’t be a catastrophe event, insurance professionals told Canadian Underwriter. “As far as I’m concerned, the rainfall yesterday was a non-event from an insurance perspective,” Glenn McGillivray, managing…
Underwriting margins will need to improve by at least six to nine points in major western markets to deliver sustainable returns, according to the latest sigma report from global reinsurer Swiss Re. The report Profitability in non-life insurance: mind the…
Knowing what their property insurance actually covers is a “big missing link” in teaching homeowners how to manage flood risk. “Most people have no idea that you can’t get seepage coverage in most cases,” Cheryl Evans, director of the home…
OTTAWA – The federal government says it doesn’t know enough about how, when and where dangerous goods move through the Canadian North, highlighting the potential risks of a major spill or other disaster. As a result, Transport Canada acknowledges the…
VICTORIA – The British Columbia government has cancelled the state of emergency it declared in August when hundreds of wildfires engulfed the province. The government says cooler weather and progress in containing the forest fires means the powers granted under…
MONTREAL – About 15,000 Hydro Quebec customers were still without electricity this morning after heavy rain and strong winds caused damage to power lines Wednesday. The utility says its crews worked through the night to restore power to 90 per…
VANCOUVER – Winemakers can only hope the scent of smoke that’s in the air across British Columbia from wildfires won’t swirl in the glass once this year’s vintages have been bottled. Smoke-shrouded grapes can give an ashy, bitter flavour to…