Claims

Texting while driving, and 4 other things that boost clients’ premiums

Client sent a text while driving and got caught? A conviction for that infraction beyond the police fine can cost a driver a 70% premium hike when it’s time to renew, said a new study from RatesDotCa. The study was based on a hypothetical 35-year-old employed, single male driver who lives in Toronto, logs about […]

By Phil | September 27, 2022

2 min read

Environment commitments not met by Canada’s oil and gas companies, new report shows  

Most of Canada’s oilsands producers have made little progress on their goal to decarbonize the sector despite historically high profits and low capital expenditures, a new report said.   A report from the Pembina Institute said little has been done by members of the Pathways Alliance, an industry group that accounts for 95 per cent of […]

By Jason Contant | September 26, 2022

2 min read

Atlantic Canada assesses damage from post-tropical storm Fiona

Post-tropical storm Fiona swept through Atlantic Canada and eastern Quebec this weekend, knocking out power to hundreds of thousands of people, washing away homes and cottages, and causing widespread flooding and infrastructure damage. While the insured and economic damages associated with the storm are still being assessed, more than half a million people were left […]

By Jason Contant | September 26, 2022

3 min read

How to ensure your clients’ property values are accurate amid volatility

Inaccurate property values were an industry-wide challenge in construction even before the pandemic brought economic volatility. So, how can you accurately quantify an insured’s risk when the pricing is so volatile? Clients are at risk of being underinsured when reported values and losses are not aligned, said speakers in a panel discussion at the recent […]

By Alyssa DiSabatino | September 26, 2022

3 min read