Claims

Claims adjusters react to B.C. flooding

It’s too early to tell how much the recent “atmospheric river” in British Columbia will cost the industry, but independent adjusters are observing widespread damage. Environment Canada lifted weather alerts for British Columbia on Thursday as storm conditions eased, floodwaters started to recede and some transportation corridors reopened, the Canadian Press reports. It is too […]

By Greg Meckbach | December 6, 2021

3 min read

Why insurance regulators’ council wants to stop best-terms pricing

If you are still placing subscription policies using best-terms pricing, you should stop, the Canadian Council of Insurance regulators suggests. “Fair and transparent pricing is essential to a successful marketplace and CCIR Members expect insurers and brokers to cease BTP practices,” CCIR said December 2 in a release. British Columbia’s financial services authority described best […]

By Greg Meckbach | December 3, 2021

3 min read

CN looks to reopen tracks in southern B.C. this weekend after second network shutdown

MONTREAL – Canadian National Railway Co. says it aims to reopen its network in southern British Columbia this weekend after another bout of rain and wind prompted a second shutdown. CN said Friday that engineers and construction crews continue to work on the Vancouver-Kamloops corridor, which was first cut by landslides and washouts amid torrential […]

By Greg Meckbach | December 3, 2021

1 min read

Can we blame climate change for B.C. ‘atmospheric river?’

We can’t say for sure that climate change has caused the heavy rainfall and severe floods and landslides currently affecting British Columbia, but global warming is making disasters like this more likely, a Swiss Re speaker suggested Thursday. “Warmer air can carry more moisture, so there is generally this notion that the frequency of heavy […]

By Greg Meckbach | December 3, 2021

3 min read