insurance

Floodwaters are seen from the air in Abbotsford, B.C., on Nov. 23, 2021. November’s floods in British Columbia that swamped homes and farms, swept away roads and bridges and killed five people are now the mostly costly weather event in provincial history. THE CANADIAN PRESS/Jonathan Hayward

Flood of atmospheric rivers in B.C. cost $675 million in insured damage: bureau

Increase over previous estimate due to business claims where commercial insurance is more available

 

Debris from receding flood waters is pictured along a road as heavy rains form an atmospheric river continue in Abbotsford, B.C., Nov. 30. (THE CANADIAN PRESS/Jonathan Hayward)

B.C.’s flooding was ‘most costly’ severe weather event ever for province: insurance experts

Insurance Bureau of Canada estimates $450 million in insured damage from recent flooding

 

The Suncor oil sands facility seen from a helicopter near Fort McMurray, Alta., Tuesday, July 10, 2012. The insurance industry is grappling with whether to continue supporting fossil fuels in the face of the climate change threat. THE CANADIAN PRESS/Jeff McIntosh

Insurance industry seeks to limit fossil fuel exposure amid growing climate threat

Over three years, 23 companies have adopted policies that end or limit insurance for the coal industry

 

Last year, strata president Rob Parker and his fellow owners were facing huge increases. This year, rates are down somewhat and owners are breathing a little easier. (Langley Advance Times files)

Strata insurance costs retreat after devastating spike in 2020

Many condos and townhouse complexes are getting a break after record hikes

Last year, strata president Rob Parker and his fellow owners were facing huge increases. This year, rates are down somewhat and owners are breathing a little easier. (Langley Advance Times files)
The head offices of Caisse Desjardins are seen, Wednesday, February 24, 2021 in Montreal.THE CANADIAN PRESS/Ryan Remiorz

Desjardins drops disease-related liability, property damage coverage for some claims

Company said it will not cover them in the event they are sued for spreading a communicable disease

The head offices of Caisse Desjardins are seen, Wednesday, February 24, 2021 in Montreal.THE CANADIAN PRESS/Ryan Remiorz
Doug Downey is sworn into his new role as Ontario’s Attorney General at Queen’s Park in Toronto on Thursday, June 20, 2019. A new bill in Ontario could make it harder for consumers to sue a business that was involved in the transmission of COVID-19, lawyers say. THE CANADIAN PRESS/ Tijana Martin

Law to shield businesses that spread COVID-19 could benefit insurers, limit consumers

The new law comes amid concerns of the ability of businesses to keep people safe

Doug Downey is sworn into his new role as Ontario’s Attorney General at Queen’s Park in Toronto on Thursday, June 20, 2019. A new bill in Ontario could make it harder for consumers to sue a business that was involved in the transmission of COVID-19, lawyers say. THE CANADIAN PRESS/ Tijana Martin
Just-announced changes to strata insurance regulations will mean more transparency, but the new rules won’t prevent more big insurance price hikes in the future, said Rob Parker, president of the strata council in the 95-unit Prestwick townhouse complex in Langley’s Willoughby Heights. (Langley Advance Times file)

Changes to B.C. strata insurance regulations won’t prevent more major rate hikes, Langley condo owners say

Province announces changes to improve transparency

Just-announced changes to strata insurance regulations will mean more transparency, but the new rules won’t prevent more big insurance price hikes in the future, said Rob Parker, president of the strata council in the 95-unit Prestwick townhouse complex in Langley’s Willoughby Heights. (Langley Advance Times file)