Claims
It’s likely Canada’s not fully prepared for flood risks faces today, let alone for what climate change could bring, Judith Ellison, catastrophe modelling manager at JBA Risk Management told a Dec. 2 CatIQ Connect Quarterly session. She noted many properties are flooding more than once. “And then you bring in things like rapid urbanization and […]
By Phil Porado | December 13, 2021
2 min read
The Supreme Court of Canada will consider the question of what risk a municipality has when someone is killed or injured on a construction site when a contractor is involved. Specifically, the top court announced Dec. 9 it will hear an appeal – from the City of Greater Sudbury – of a Court of appeal […]
By Greg Meckbach | December 13, 2021
The Ontario government should re-visit a rule that leaves polluters off the hook for hazardous spills that cost less than $10,000 to clean up, the province’s auditor general suggests. In 2016, the Ontario environment ministry [now called the Ministry of the Environment, Conservation and Parks] made a new policy stipulating it would not to attempt […]
By Greg Meckbach | December 9, 2021
Two years after flagging the issue, Ontario’s auditor general says the transportation ministry has made “little to no progress” in mandating formal training for drivers of all large commercial vehicles. In Ontario, Class A licensed commercial operators need a formal course, with 103.5 hours of instruction. But this only applies to tractor-trailer combinations where the […]
By Greg Meckbach | December 8, 2021
3 min read
Your clients may love being their own bosses, or they may be self-employed by necessity. “If you look at what’s happening with the gig economy, it seems many [people] are either finding new careers and becoming freelancers or freelancing as an additional income stream,” said Curtis Inberg, vice president, sales & distribution, with Foxquilt. But […]
By Phil Porado | December 8, 2021
Urbanization, the increasing popularity of solar panels and a greater awareness of what is covered insurance are among the factors driving an escalation of insured property losses, a speaker suggested at last week’s CatIQ Connect conference. “Urbanization means that we have increasing concentration of values in a small space,” said Andreas Weigel, weather peril lead […]
By Greg Meckbach | December 7, 2021
Natural Resources Canada (NRC) is developing an earthquake early warning system that will provide valuable time before an earthquake strikes to allow protective measures to be put in place for people and critical infrastructure. “It can provide anywhere between seconds and tens of seconds of warning before the strong shaking from an earthquake arrives, allowing […]
By Jason Contant | December 7, 2021
VICTORIA – British Columbia is shifting into repair and recovery mode following devastating floods and landslides caused by record rains that crippled transportation links, deluged agricultural operations and forced the evacuations of thousands of people, says the province’s public safety minister. Mike Farnworth said Monday the cleanup and repair work ahead in southern B.C. is […]
4 min read
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
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
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