Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
Another direct-to-consumer insurance platform has launched in North America claiming that “unmet demand for simple and fast digital insurance services in today’s connected world. Savvy insurance customers want the option to research, compare, and buy easily online”. A growing segment…
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Insurance Bureau of Canada attempted to respond to a recent piece on the Fort McMurray Alberta rebuild following the fire in 2016. The magazine has not printed the response. The following is IBC’s position. The recent article by Nicholas Köhler…
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The recent flooding in Ottawa, Gatineau, Laval and other places brought four main issues to the fore. First, is the matter of buying out homeowners located in the floodway, the 1 in 20 flood plain. Second, is the need to…
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As this is being written, floodwaters are slowly receding after having inundated some 300 homes in the Ottawa area, and nearly 4,000 properties in the province of Quebec. And judging by modern Canadian history, there is a really good chance…
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When an insurance representative makes the decision to bind a new homeowner’s policy, does he/she have all the information needed in order to get a full picture of the risk before it is taken onto the company’s balance sheet? Said…
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This summer, the threat of a labour stoppage at Canada Post has caused many people and institutions to reconsider just how crucial mail delivery is to their business. In the insurance industry, we have already taken great strides to minimize…
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A small city that wasn’t designed to burn was put up in the middle of the Boreal forest that was designed to burn. Are we simply going to put Fort McMurray back the way it was? Fortunately for insureds in…
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Unlike the 2013 flood in southern Alberta, the Fort McMurray wildfire is a heavily insured event. Considering that property insurance got its roots in fire (indeed it used to be widely known as ‘fire insurance’, still is in certain circles,…
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ICLR has been successful in gaining official authorization to allow a noted wildfire researcher behind police cordons to investigate the resilience to wildfire of certain homes in Fort McMurray, Alberta. Alan Westhaver is looking into the reasons why clusters of…
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When sanitary sewers back up into basements, the knee-jerk reaction by homeowners (and many insurers) is to blame the state of the local public infrastructure. Homeowners will almost always point the finger at their local government, even before they know…
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In an age where losses from severe weather are driving changes to homeowners’ policies that are not always seen as positive to insureds, it might be time to think about giving homeowners the option of a cheaper insurance product that…
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After the water receded, things settled down and Alberta politicians began the task of looking at how to prevent a repeat of the 2013 floods, one of the policy tools to emerge was use of voluntary buyouts for those located…
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As this headline indicates, 2015 may go down as the worst year ever for wildfires in British Columbia. While, to date, insured damages have been relatively low (despite 29 homes being lost in Rock Creek), suppression costs have been well…
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Chestermere, Alberta, located due east of Calgary on the TransCanada, was hit with fairly severe overland flooding and sewer backup as the result of not one, but two, recent heavy rainfall events within days of each other. The first, early…
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