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Wednesday’s Liberal election promise answers a call from Canada’s property and casualty insurance industry for a national standard for scoring properties on their resilience to weather-related disasters. In a speech in British Columbia Wednesday, Prime Minister Justin Trudeau promised a new auditing program so homeowners can assess their readiness to withstand extreme weather, CTV News […]
By Greg Meckbach | August 19, 2021
2 min read
Hagerty Group LLC announced Wednesday it has agreed to merge with a special purpose acquisition company, a deal that is expected to result in the classic car insurance provider becoming publicly-traded on a stock exchange. Hagerty Canada LLC, a licensed Ontario brokerage, provides insurance for classic cars underwritten by Elite Insurance Company, an Aviva Canada […]
By Greg Meckbach | August 18, 2021
Six tornadoes that hit Barrie and other communities in Ontario last month caused $75 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The EF-2 strength tornadoes impacted the communities of Barrie, Innisfil, Kawartha Lakes, Little Britain, Manilla, Lindsay, and Lake of Bays on July 15. With wind speeds […]
By Jason Contant | August 18, 2021
A British Columbia judge has awarded $1.26 million, in future care costs, to a plaintiff who was hit by a car in 2015. In Pevach v. McGuigan Estate, released Aug. 3, Justice Gordon Funt of the Supreme Court of British Columbia found the estate of a motorist is liable to pay $1.7 million to a pedestrian […]
3 min read
CALGARY – Farmers in the Maritimes are pitching in to help their drought-stricken Prairie counterparts facing a “devastating” situation. On his farm in the Annapolis valley north of Halifax on Tuesday, Tim Marsh was busy baling hay that will ship out later this week, destined for struggling ranchers in the West. “If the weather holds […]
An August 12 Supreme Court of Canada decision means a Toronto-area municipality remains not liable for an electric shock suffered by a teenager at a public sports field. Zoe Onley was 18 when she was placing soccer on a wet field at the Iroquois Park Sports Centre — owned by the Town of Whitby — […]
By Greg Meckbach | August 17, 2021
Adapting properties and communities to be more resilient to climate-related disasters should be a federal election issue, an Insurance Bureau of Canada official told Canadian Underwriter Monday. “We will be very active throughout the federal election in advocating for adaptation measures in party platforms. We are also very active on social media targeting specific ridings […]
FREDERICTON – Fire officials in New Brunswick say a forest fire in the north of the province is now contained. The blaze has burned about 64 hectares east of Mount Carleton Provincial Park. The provincial forest fire report says 60 firefighters continue to work on the fire today. There is just one other forest fire […]
1 min read
“Constant churn” helps restore some capacity withdrawn by syndicates, though not always at the same terms and conditions, Lloyd’s Canada’s new president suggests. “When capacity is scarce in one or more syndicates, other syndicates likely view this as an opportunity,” said Lloyd’s Canada president Marc Lipman in an interview. In 2018, the Corporation of Lloyd’s […]
By Greg Meckbach | August 16, 2021
High winds intensified numerous wildfires burning in British Columbia, forcing more evacuation orders for residents in hundreds of homes late Sunday, says the BC Wildfire Service. Some of the largest and most dangerous fires are burning in the southern Interior in the Kamloops fire centre where most of the new evacuation orders have been issued. […]
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