Risk
VANCOUVER – A magnitude 6.2 earthquake that hit nearly 300 kilometres off the south-central coast of Oregon early Wednesday was strong enough to be felt in British Columbia. Data from the United States Geological Survey shows residents in Vancouver and on southern Vancouver Island – almost 700 kilometres from the epicentre – reported feeling the […]
By The Canadian Press | August 23, 2018
1 min read
Shopping around for the best deal for a business client may be getting more difficult as commercial lines prices start to uptick. Among commercial insurers, “it seems there is a little bit of tightening up on the risk appetite,” Raymond Thomson, associate director of A.M. Best Company Inc., said in a recent interview. He was […]
By Greg Meckbach | August 20, 2018
2 min read
Global insurance brokerage Hub International announced Wednesday that it has launched cannabis insurance and risk services for the Canadian market. The offering, under Hub’s agribusiness and farm specialty practice, is also available in the United States. It provides medical and recreational cannabis producers, distributors and retailers with protection and specialized solutions to reduce risks in […]
By Jason Contant | August 15, 2018
VICTORIA – The British Columbia government has declared a provincial state of emergency to support the response to the hundreds of wildfires burning across the province. The state of emergency will remain in effect for 14 days, but can be extended or rescinded as necessary. Public Safety Minister Mike Farnworth says the state of emergency […]
By The Canadian Press | August 15, 2018
TORONTO – Recreational cannabis will be sold online in Ontario when legalized this fall and in private retail stores across the province early next year, the government announced Monday, reversing the previous administration’s plan to distribute cannabis through publicly owned outlets. The Progressive Conservatives, who took power at the end of June, said public safety […]
By Jason Contant | August 14, 2018
4 min read
Canada’s private auto, home and business insurers say the “fair rate” auto insurance model proposed by British Columbia’s public auto insurer last week is “long overdue.” Under the Insurance Corporation of B.C. (ICBC)’s proposed new auto insurance model, higher-risk drivers will pay higher premiums than lower-risk drivers. “The best way we can incentivize better behaviour […]
By Jason Contant | August 13, 2018
OTTAWA – Last Wednesday, a team of people from the Lake Ontario Waterkeeper environmental group descended on the Toronto harbourfront looking for any signs the previous night’s massive, flash-flood rainfall had caused the city’s ancient combined sewer system to overflow into the lake. They didn’t need to dip a single test tube into the water […]
The Insurance Corporation of B.C. is proposing a significant shake-up of its auto insurance rating system, introducing a “fair rate” system that would have higher-risk drivers paying higher premiums than lower-risk drivers. “We want to make Basic insurance premiums more fair by holding all drivers more accountable for their driving decisions and behaviour,” the province’s […]
By David Gambrill | August 10, 2018
OTTAWA – A new Statistics Canada survey has found about 1.4 million Canadians reported they had been a passenger in a vehicle driven by someone who had consumed cannabis in the previous two hours. In addition, one in seven cannabis users with a driver’s licence said they had got behind the wheel at least once […]
By The Canadian Press | August 9, 2018
A Canadian software company faces risk and uncertainty because Britain is leaving the European Union. “We face risks associated with the potential uncertainty and disruptions that may follow Brexit,” Open Text Corporation said Aug. 2 in a securities filing. Open Text, which employs more than 12,000, makes software that lets companies and government departments manage […]
By Greg Meckbach | August 7, 2018
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