How brokers can stop a flooded basement
April 16, 2019 by David GambrillA recent study suggests brokers have a golden opportunity to talk to homeowners one-on-one about how to protect homes from basement floods. With the right information and often for less than $500, homeowners can protect themselves from the increasing risks…
Feds to relocate Ontario First Nation community that was built in a flood plain
April 16, 2019 Kristy Kirkup - THE CANADIAN PRESSOTTAWA – The pain of spring flooding at a First Nation in northern Ontario is hitting harder this year, as government promises for a permanent new location remain far from reality. Starting on Monday, more than 2,500 members of the…
The change to disaster mitigation funding that IBC is looking for
April 10, 2019 by Greg MeckbachThe insurance industry needs to ensure its own flood risk maps are widely available and the federal government needs to make it easier to spend money on disaster mitigation projects, says Insurance Bureau of Canada CEO Don Forgeron. The federal…
The liability risk from climate change
April 9, 2019 by Greg MeckbachLarge companies face liability risk if they emit greenhouse gas emissions, and shareholders are asking directors and officers what they are doing about climate-related risks, a speaker suggested at a recent insurance conference in Toronto. Panelists at the Property and…
Does a business have to highlight a waiver of liability to a client?
April 4, 2019 by David GambrillA flood in an Alberta community centre flood has once again raised the legal issue of whether a claimant is obligated to read a commercial services contract thoroughly, or whether the defendant is obligated to highlight any waiver of liability…
Long-range weather forecast: more flood claims for the P&C industry
April 3, 2019 by Jason ContantCoastal flooding is expected to increase in many areas of Canada, bringing with it increased risk of damage to coastal infrastructure, according to a report released Tuesday by the federal government. “Local sea level is projected to rise, and increase…
Canada ‘much closer’ to national flood program: IBC
April 2, 2019 by Greg MeckbachThe industry is making progress on getting a national flood insurance program, but a key challenge is getting all provinces, territories and Ottawa to agree on how it should work, the Insurance Bureau of Canada’s CEO suggested Tuesday. Unlike Britain…
Cyber attack in Canada spawns $60 million lawsuit
March 29, 2019 By Colin Perkel - THE CANADIAN PRESSTORONTO – As many as 200,000 people may have had their personal information stolen in a hack on servers at one of Ontario’s most popular casinos, a lawyer for the plaintiffs pressing a proposed class action argued on Thursday. However,…
Why this insurer does not have to pay additional living expenses for campground fees
March 29, 2019 by Greg MeckbachAn insurance company does not have to pay a flood victim the cost of living in a campground because that client had a pre-booked vacation trip, the British Columbia civil resolution tribunal has ruled. Patrick Strange took the Canadian Northern…
Manitoba’s flood fears ease a bit with dry weather
March 27, 2019 Steve Lambert - THE CANADIAN PRESSWINNIPEG – Dry weather and a slow melt so far have somewhat eased the flood potential in Manitoba, although it will be a few more weeks until the threat passes. The provincial government says with average to unfavourable weather, the…
Calgary flood protection a provincial election issue
March 25, 2019 Lauren Krugel - THE CANADIAN PRESSCALGARY – NDP Leader Rachel Notley pledged more flood protection for Calgary on Friday as she and United Conservative rival Jason Kenney accused each other of dithering on another project to help prevent a repeat of the 2013 deluge that…
How small potatoes from federal budget can help insurers
March 20, 2019 by Greg MeckbachThe federal government’s commitment Tuesday to spend $1 million a year on hazard awareness training – from a total budget of nearly $350 billion – will go a “long way” towards helping Canadians understand property risk, the Insurance Bureau of…