Insurance & Risk, Analysis, Events and Careers
Brampton is Ontario’s reigning champ for the city with the most expensive car insurance — 62.5% higher than the province’s average. That said, the city has become more affordable since 2020, when it was 123.5% more expensive than the rest of the province, a LowestRates report finds. LowestRates’ report was published a day before […]
By Alyssa DiSabatino | December 1, 2022
3 min read
EDMONTON – The largest earthquake ever recorded in Alberta, which rattled homes and nerves Tuesday, was probably due to natural causes, says a geologist. Rebecca Salvage of the University of Calgary says the 5.6-magnitude quake that rumbled near Peace River in northwest Alberta originated at least six kilometres underground. That’s probably too deep to have […]
By Jason Contant | December 1, 2022
2 min read
Half of Canadian homeowners have not purchased additional coverage for water damage, relying on a standard homeowner policy that does not cover risk of overland flood or water seepage into the home. Endorsements are available to extend coverage for water damage beyond that offered by the standard homeowner policy. But a recent survey commissioned by […]
By David Gambrill | November 30, 2022
3 min read
VANCOUVER – The first major fall snowstorm to hit British Columbia’s south coast paralyzed traffic, cut power to thousands of homes and even affected Vancouver International Airport as a plane skidded off a taxiway. The snow and freezing temperatures turned many Metro Vancouver roads and bridges to sheets of ice, making the Tuesday evening commute […]
By Jason Contant | November 30, 2022
2 min read
Two Quebec Court of Appeal decisions in 2022 demonstrate it’s not enough to show an auto is involved in a claim for an insured to be eligible for compensation under the province’s auto insurance scheme, a Quebec lawyer writes in a blog for Mondaq. “Quebec’s Automobile Insurance Act is the object of abundant jurisprudence,” said […]
By David Gambrill | November 29, 2022
4 min read
YELLOWKNIFE – With a cost estimate of $4.38 billion, remediation of the Giant Mine, one of the most contaminated sites in Canada, is also expected to be the most expensive federal environmental cleanup in the country’s history. The figure, recently approved by the Treasury Board of Canada, spans costs from 2005 until 2038, when active […]
By Jason Contant | November 29, 2022
4 min read
WHITBY, Ont. – The Durham District School Board says online classes have been cancelled after it was subject to what it’s calling a “cyber incident.” The board, which serves Oshawa and the surrounding region east of Toronto, says it learned of the incident Friday and took steps to secure its network. The board says all […]
By Jason Contant | November 28, 2022
1 min read
A dirt bike driven in a closed course motocross competition is an “automobile” under Ontario’s auto accident benefits scheme, thus paving the way for a seriously injured driver to claim auto accident benefits from his auto insurer, the Ontario Court of Appeal has ruled. Released Wednesday, the case addressed whether an exemption under the province’s […]
By David Gambrill | November 25, 2022
3 min read
Hard market conditions in slow plough insurance are continuing to blow through, if Aviva Canada’s latest rate filing with Nova Scotia’s insurance regulator is any indication. Nova Scotia’s Utility and Review Board approved Aviva’s refinement of its rate surcharge for snow ploughs Tuesday, effectively applying a new 30% surcharge on various parts of Aviva’s commercial […]
By David Gambrill | November 25, 2022
3 min read
Gallagher in Canada is seeing some interesting premium trends in liability and commercial auto lines, now that pandemic restrictions are virtually non-existent. Businesses such as restaurants were shuttered or faced restrictions throughout the peak parts of the pandemic, meaning that exposures such as slip-and-fall and food poisoning incidents, for example, decreased dramatically. Exposures decreased similarly […]
By Jason Contant | November 25, 2022
3 min read