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News InsuranceRiskTechnology

This social media risk lacks a mainstream insurance product

June 12, 2019 by Greg Meckbach

Want to place insurance that covers a client whose revenue suddenly plummets because of a disinformation campaign? This might be easier said than done, but one commercial insurer with a Canadian branch is hoping to change this. Right now, there

News Claims CanadaRestoration

Cause of large B.C. hotel fire still under investigation

June 11, 2019 THE CANADIAN PRESS

VICTORIA – Councillors in Victoria are being asked to authorize demolition of what remains of the Plaza Hotel after a fire that burned for four days in the city’s downtown last month. The three-storey, 108-year-old vacant structure had been designated

News Mergers and Aqcuisitions

Will a hard market fuel or stall M&A?

June 11, 2019 by Adam Malik

Mergers and acquisitions during a hard market are likely to play out differently depending on whether you’re looking at things as a broker or a carrier. On one side, a hard market may be the fuel to keep the fire

News BrokersInsuranceRisk

Is your client covered from business interruption arising from terrorism?

June 6, 2019 by Greg Meckbach

What if a terrorist attack interrupts your client’s business, but causes no actual injuries or damage to that client? Some insurers today are covering non-damage costs and loss of attraction. This could come into play if there is a terrorist

News CatastrophesClaims

Military help in Pikangikum First Nation being ‘drawn down’ as wildfire slows

June 5, 2019 THE CANADIAN PRESS

PIKANGIKUM, Ont. – The Canadian Armed Forces says military help is being “drawn down” in a remote northwestern Ontario First Nation as a wildfire that triggered the evacuation of vulnerable residents slows its spread. Second Lt. Christopher Dube says in

News Climate ChangeInsurance

Is climate change to blame for Alberta wildfires?

June 3, 2019 by Jason Contant

Is climate change causing the massive wildfires that are burning out of control in Alberta, which are now reportedly nearing half the size of the 2016 Fort McMurray wildfire? Not on its own, but climate change can mean a fire

News CatastrophesClaims Canada

Wildfire destroys homes in Alberta Metis settlement

May 31, 2019 by Greg Meckbach

More than a dozen homes in a northern Alberta Metis community have been destroyed by an aggressive wildfire and there are concerns that more properties may be consumed. “It’s like a burnt piece of toast up there,” said Blake Desjarlais

News BrokersInsuranceMarkets / Coverages

Brokers concerned about blanket approach to binding authority restrictions

May 31, 2019 by Jason Contant

With wildfires raging in northern Alberta and Ontario, brokers are reporting some funky outcomes associated with insurers’ binding authority restrictions. Under the restrictions, brokers cannot bind coverage in areas under civil authority, forest fire alerts, flood alerts and certain earthquake

News CatastrophesClaims

Wildfires force more people out of their homes in northern Alberta

May 30, 2019 THE CANADIAN PRESS

More people are being forced from their homes as several wildfires rage out-of-control in northern Alberta and blanket areas to the south in an acrid haze. The Alberta government issued an emergency alert early this morning for Chipewyan Lake Village,

News Insurance

Alberta wildfire continues to grow, but spreading away from threatened community

May 29, 2019 THE CANADIAN PRESS

HIGH LEVEL, Alta.  A forest fire burning near a northern Alberta town has grown slightly, but officials say firefighters are making good progress. The Chuckegg Creek fire, currently the largest in the province, was still about three kilometres southwest of

News Claims

Calgary house explosion believed not accidental

May 28, 2019 THE CANADIAN PRESS

CALGARY – Documents show that a Calgary house where there was a deadly explosion over the weekend was owned by a couple going through a divorce. Police responded to reports of an explosion on Saturday afternoon and found two people

News CatastrophesClaims

Where wildfire and flood risk is higher this summer

May 27, 2019 David Friend - THE CANADIAN PRESS

The weather this summer could be starkly different across the country, according to the latest long range forecast from The Weather Network. Chief meteorologist Chris Scott predicts the wet weather that Ontario and Quebec have experienced in May will continue