Industry
When commercial trucks are used in protests, some insurance professionals suggest their equipment may no longer be covered.
By Alyssa DiSabatino | February 8, 2022
4 min read
VICTORIA – Agricultural producers affected by devastating flooding in British Columbia last November can apply for recovery funds through a $228-million package announced Monday by the provincial and federal governments. The total losses for the agricultural sector from flooding that stretched across the Fraser Valley into the southern Interior are believed to amount to about […]
By The Canadian Press | February 8, 2022
3 min read
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 Porado | February 7, 2022
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
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 The Canadian Press | February 7, 2022
1 min read
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 Porado | February 4, 2022
2 min read
The courts continue to grapple with the thorny question of determining catastrophic impairment in cases when a claimant has been injured in multiple vehicle accidents. Most recently, an Ontario court overturned the insurer’s appeal of an accident benefits case, in which the claimant had aggravated injuries from previous car collisions. The court restored the arbitrator’s […]
Ontario’s Ministry of the Attorney General has established a ‘technical table’ to review issues surrounding rising municipal insurance costs, including joint and several liability. “Insurance costs for municipalities in Ontario have been rising, and the subject of much concern for at least the last 10 years,” Bonnie Adams, mayor of the Township of Carlow/Mayo in […]
By Jason Contant | February 4, 2022
HALIFAX – A large, slow-moving storm has descended on Atlantic Canada, forcing the closure of schools and government offices, as parts of Nova Scotia brace for an extended period of freezing rain. Environment Canada has warned that widespread power outages are likely, and Nova Scotia Power has activated its emergency operations centre to deal with […]
Heartland Farm Mutual Inc. is entering the Nova Scotia marketplace for miscellaneous vehicles (i.e., all-terrain vehicles, motorhomes, snow vehicles and trailers) and will adopt the rates and risk-classification system used by IAO. Nova Scotia Utility and Review Board (NSUARB) approved the insurer’s rate application on Feb. 2. Heartland lacks its own data in this […]
By Alyssa DiSabatino | February 3, 2022
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