Insurance & Risk, Analysis, Events and Careers
Climate change is resulting in larger and non-traditional pollution losses, necessitating the need for environmental insurance to cover possible coverage gaps left by other policies, an environmental insurance expert said recently. Stronger storms coupled with increased land development can lead to flooding and mould growth. However, a typical commercial property policy will offer limited mould […]
By Jason Contant | July 4, 2022
3 min read
OTTAWA – A pair of new reports from the Bank of Canada point to rising inflation expectations by Canadian businesses and consumers. In its business outlook survey released Monday, the central bank said businesses’ expectations for near-term inflation have increased, and firms expect inflation to be high for longer than they did in the previous […]
By Jason Contant | July 4, 2022
4 min read
The largest city in Canada and Ontario’s capital is an international business centre for finance, business, arts, and culture and now has a thriving start-up tech sector and ‘insurtech’ is a fast-growing component. Not many know that Toronto has been ranked fourth in North America in CBRE’s Tech Talent Rankings trailing only the Bay Area, […]
July 1, 2022
4 min read
VANCOUVER – A timeline has finally been announced for the removal of a huge barge that wedged itself onto a beach in Vancouver’s English Bay last November. A statement from the City of Vancouver says a local pile driving firm will set up fences and barricades around the barge this week. Temporary piles will then […]
By Jason Contant | June 30, 2022
2 min read
MONTREAL – Canada Day celebrations are making a return after two years of scaled-down festivities because of the COVID-19 pandemic, but some Canadians hoping to catch a traditional parade may be out of luck. Several cities say the rising cost of security and insurance, in addition to troubles securing funding, is forcing them to rethink […]
By Jason Contant | June 29, 2022
4 min read
Laura Twidle will be the new president and CEO of Catastrophe Indices & Quantification Inc. (CatIQ), taking over from company founder and well-known insurance industry figure Joel Baker on July 1. Twidle has served as CatIQ’s managing director since 2019. Caroline Floyd, currently assistant director of catastrophic loss analysis, will become director. “I am fortunate […]
By Jason Contant | June 28, 2022
3 min read
VERCHERES, Que. – Every year, 100-year-old Angelique Beauchemin watches more of her land crumble into the St. Lawrence River. From her home along a busy stretch of river in Vercheres, Que., on Montreal’s South Shore, she watches waves from passing ships crash into the rock wall at the base of her property, sweeping chunks away […]
By Jason Contant | June 28, 2022
5 min read
Outgoing Alberta Premier Jason Kenney’s announcement last month that he will step down following a leadership review is raising concerns among brokers in the province about the possibility of another auto insurance rate cap. In 2017, Alberta’s NDP government under then-premier Rachel Notley told the province’s Automobile Insurance Rate Board not to approve rate increases […]
By Jason Contant | June 27, 2022
4 min read
VICTORIA -She died in the arms of firefighters. The 96-year-old woman now lingers in the memory of Chief Jim Ogloff of the Coquitlam Fire Department, a reminder of the impact of last summer’s heat dome disaster on vulnerable residents of British Columbia. “She was elderly, clearly in a lot of distress,” Ogloff said, recalling the […]
By Jason Contant | June 27, 2022
6 min read
VICTORIA – The fire-ravaged community of Lytton, B.C., is getting $21 million from the provincial government to help it rebuild essential infrastructure and services. The Public Safety Ministry says in a statement the new funding will support priorities identified in Lytton’s recovery plan, including the hiring of staff and restoration of services, like fire protection, […]
By Jason Contant | June 24, 2022
2 min read