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Totten Insurance Group acquires Canadian Resources Insurance Solutions

August 3, 2016 by Canadian Underwriter

National insurance managing general agency Totten Insurance Group announced on Wednesday that it has acquired the shares of Canadian Resources Insurance Solutions, Inc. (CRIS), a Sudbury, Ont. based insurance wholesaler. Terms of the acquisition were not disclosed, but Hub International

News CatastrophesClimate ChangeInsurance

Alberta invests in flood and drought resiliency projects

July 21, 2016 by Canadian Underwriter

The province of Alberta is investing nearly $1 million in flood and drought resiliency projects in Calgary and other communities to help protect against the effects of severe weather. Twelve organizations in southern Alberta “and other vulnerable communities across the

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Adjusting Fort McMurray’s Firestorm

July 15, 2016 Heather Sanderson

Business Interruption & Civil Authority Coverage Issues with the Fort McMurray, Alberta wildfire

News CatastrophesInsuranceMergers and Aqcuisitions

SGI Canada assigning more adjusters to deal with Saskatchewan flooding claims following heavy rainfall

July 12, 2016 by Canadian Underwriter

SGI Canada will be assigning additional adjusters to Estevan, Saskatchewan – among the areas in the province hit by heavy rainfall that prompted localized flash flooding – to handle what is anticipated to be higher-than-normal claim volumes, the insurer reported

News CatastrophesClimate ChangeInsurance

Climate change turning the world’s bogs into fire hazards, researchers warn

June 29, 2016 by Canadian Underwriter

The peat bogs of the world, once waterlogged repositories of dead moss, are being converted into fuel-packed fire hazards that can burn for months and generate deadly smoke, warns a researcher from McMaster University in Hamilton, Ont. New research from

News CatastrophesInsurance

Big cleanup job underway at downtown Fort McMurray brew pub

June 5, 2016 By Lauren Krugel – THE CANADIAN PRESS

FORT MCMURRAY, Alta. – On May 3, patrons at the Wood Buffalo Brewing Company on downtown Fort McMurray’s main drag had to leave their pints and plates on the table as a massive forest fire breached the city and everyone

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U.S.-based Interstate Restoration LLC completes acquisition of Canada’s FirstOnSite Restoration

June 1, 2016 by Canadian Underwriter

Ft. Worth, TX-based Interstate Restoration LLC announced on Wednesday that it has completed the acquisition of FirstOnSite Restoration G.P. Inc. in Canada. As a result of the transaction, Interstate Restoration becomes a company of US$300 million annual revenues, with nearly

News CatastrophesInsuranceLegal

Supreme Court will not hear appeal of $1.4 million pollution lawsuit

May 26, 2016 by Canadian Underwriter

Canada’s highest court announced Thursday it will not hear an appeal from a Scarborough, Ont. industrial property owner who lost a lawsuit from a neighbouring property owner arising from environmental contamination. In a ruling released Nov. 27, 2015, the Court

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Monk v. Farmers’ Mutual Insurance Co. (Lindsay): Further Lessons in Policy Language and Interpretation

May 18, 2016 Michael S. Teitelbaum, partner; and Ashley Peacock, associate Hughes Amys

Introduction In Monk v. Farmers’ Mutual Insurance Co. (Lindsay), [2015] ONCA 911, the Court of Appeal reversed the motion judge’s decision1 that the “faulty workmanship” exclusion applied to both direct and indirect damages. The Court ruled that the motion judge’s

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Challenges in Fire Damage Assessment and Remediation: Forensic Engineering Perspectives

May 17, 2016 Kirsten Hoedlmoser, Chemical and Environmental Engineer and Intermediate Associate, Giffin Koerth Forensic Engineering and Science

Lack of guidelines makes fire remediation a tricky science.

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

Contractors say co-ordination needed as focus turns to rebuilding Fort McMurray

May 13, 2016 Ian Bickis - THE CANADIAN PRESS

CALGARY – Construction and cleanup firms are already mobilizing to help rebuild Fort McMurray, Alta., after the wildfires, a monumental effort that’s expected to take years. Ben Dutton at the Casman Group of Companies says he has crews heading up

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMergers and Aqcuisitions

Fort McMurray wildfire could hurt 2016 Q2 results for some Canadian p&c insurers, companies offering help

May 9, 2016 by Angela Stelmakowich

Credit rating agency Moody’s does not anticipate the massive wildfire in and around Fort McMurray will be a credit event for Canada’s property and casualty industry, but is likely to have an impact on 2016 Q2 results for property insurers.