News

VICTORIA, B.C. – Most drivers in British Columbia will receive a $110 vehicle insurance rebate this year. The Insurance Corporation of B.C. says strong investment and financial returns and the 2021 shift to the “enhanced care” model for providing health…

The federal government is contributing $45 million to help prevent landslides along the Whitehorse Escarpment with the aim to protect the land under Whitehorse International Airport and its access road to the Yukon’s capital. The escarpment has been plagued by…

Reports of wood-framed roof collapses, ranging from simple agricultural roofs to complex roofs in industrial buildings, are frequent in North America. These collapses often are caused, or contributed to, by controllable factors like lack of maintenance, chemical attacks, moisture attacks,…

Intact Financial Corporation (IFC) has contracted with an American wildfire risk management company to provide policyholders in Alberta and British Columbia with wildfire loss prevention and suppression services for their homes when threatened by active wildfires. In preparation for the…

How many of us in the Canadian property and casualty insurance industry can relate to the iconic scene of the Toronto Maple Leafs’ star hockey players bickering with each other on the bench during the heat of the battle, en…

Entering the murky world of e-bike regulation, B.C.’s government has introduced new rules governing the use of e-bikes. “The Motor Assisted Cycle (E-Bike) Regulation came into force on Apr. 5, 2024, and repeals the previous 2002 regulation, which was confusing…

Precipitation in June will likely determine the severity of this year’s wildfire season in western Canada, says Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR). Although it may seem like a quiet start to the year…

When a motor vehicle collision involves a public transit bus, many factors play into reconstructing injuries that may have occurred. And those factors centre around the differences between transit vehicles and conventional vehicles, such as passenger cars or light trucks.…

London Drugs is gradually reopening its stores across Western Canada more than a week after a cybersecurity breach forced the retailer to close. The company says it is working with independent cybersecurity experts to securely bring its systems back online…

For the past 30 years, Canadian P&C insurers, brokers and law enforcement have trusted Accident Support Services International (ASSI) to help them effectively manage minor vehicle collisions. Today, ASSI is just as well known for their efforts in curbing Canada’s…

Advisors to property and casualty insurers are seeing signs of the P&C industry’s financial people burning out after a gruelling period of implementing the new IFRS-17 accounting standards, a tax expert observes. And so, companies may wish to pause before…

Talent acquisition is the top broker concern for 2024, with 69% saying it’s the channel’s biggest challenge, Canadian Underwriter’s 2024 National Broker Survey shows. After that, a cluster of other industry conundrums keep Canada’s brokers counting sheep. Coming in at second…