Almost six months ago, the Town of Slave Lake was hit by a massive wildfire that evacuated 7,000 residents and eventually destroyed roughly 400 structures. The fire struck a 4,700-hectare area. The wildfire was the second most costly from an insurance standpoint in Canadian history. The damage has been pegged at $700 million, which is [...]

The Canadian Council of Insurance Regulators (CCIR), an inter-jurisdictional forum of provincial, territorial and national insurance regulators has been looking at the use of credit-based insurance scores. A credit-based insurance score is different from your traditional (financial) credit score. Both are derived using the information found in a credit report, but they have different mathematical [...]

Builders risk insurance is a type of policy that protects contractors from risks they may be liable for during a project, including fire, wind damage and vandalism. These policies cover buildings or major site renovations during the construction phase, whereas standard commercial insurance policies are designed to insure a completed building and its contents.  Here [...]