Claims

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

VANCOUVER – November’s floods in British Columbia that swamped homes and farms, swept away roads and bridges and killed five people are now the most costly weather event in provincial history. The Insurance Bureau of Canada made the statement as it released the latest cost estimate of $675 million, and that’s only for damage that […]

By Jason Contant | June 16, 2022

2 min read

How do you insure artificial intelligence?

Picture this. Your client is manufacturing a car that includes software to apply the brakes automatically when approaching slow traffic. No doubt, this software has some built-in artificial intelligence (AI) elements. When insuring a vehicle manufacturer, it’s not too difficult to spot the potential for critical failure, especially one that could pose risks for consumers. […]

By Phil | June 15, 2022

3 min read

Why you can expect to be in the hard market a year from now

Inflationary pressure will prolong the hard market for at least another year if not longer, 90% of more than 200 respondents predicted in a Canadian Underwriter webinar poll. Only 10% of respondents were optimistic the hard market would not be exacerbated by inflation, which rose to 6.8% in April — one of the highest rates […]

By Alyssa DiSabatino | June 15, 2022

3 min read

How your large business clients can manage cyber risks they can’t see

In the wake of lifting of pandemic restrictions, digital transformation is becoming so extensive that organizations are having trouble getting a handle on their broadening cyber exposures. “As organizations grow and incorporate digital and cloud transformation into the fabric of their business, they are unknowingly expanding their attack surface,” said Greg Young, vice president of […]

By David Gambrill | June 14, 2022

2 min read