Industry

Barrie tornado gives boost to industry’s call for hurricane straps

For years, the Institute for Catastrophic Loss Reduction has advocated making hurricane straps, metal fittings that connect roof trusses to walls, mandatory in the Ontario Building code. “We’ve been working for a number of years to try to get hurricane straps or hurricane clips included in the building code,” ICLR managing director Glenn McGillivray told […]

By Phil | February 7, 2022

3 min read

Where Intact CEO sees personal home rates heading

Personal home insurance will continue to face a firm pricing environment for the foreseeable future, the CEO of Intact Financial Corporation said at a recent virtual conference. “You can expect a firm pricing environment, mid- to upper-single-digit range for the foreseeable future, mid-term for sure,” Intact Financial Corporation CEO Charles Brindamour says during a virtual […]

By Jason Contant | February 7, 2022

3 min read

More than 7,000 in N.S. without power as crews repair damage caused by winter storm

HALIFAX – More than 7,000 customers in Nova Scotia are still without power after a weekend storm that brought freezing rain across the province damaged power lines. Matt Drover with Nova Scotia Power says about 7,403 customers are still without power, down from a high of 120,000 after the winter storm hit Friday. He says […]

By Jason Contant | February 7, 2022

1 min read

Recent NatCats reveal need to boost construction standards

Enforcing existing building codes, bringing in new construction standards and improving community planning are among the measures governments can take to mitigate the cost of property losses from natural catastrophes, industry watchers say. And arming consumers with better information about how to make properties more resilient to disasters like hail, tornadoes and wildfires would be […]

By Phil | February 4, 2022

2 min read