Claims

Tornadoes strike Saskatchewan campground

GOODSOIL, Sask. – Environment Canada confirms winds that flattened a northwest Saskatchewan campground over the weekend were the result of tornadoes. The agency says in a weather summary of the incident that a severe thunderstorm moved through the Murray Doell Campground area in Meadow Lake Provincial Park on Saturday. It says people reported golf-ball-sized hail, […]

By Greg Meckbach | July 2, 2019

1 min read

Canada’s road to pre-filled home insurance data

Where is Canada now on its journey towards using pre-fill data for Canadian home insurance application forms? Step 1 in the process is isolating which questions on the form use data that can be pre-filled. A standard home insurance form in Canada can have roughly 40 or more questions. “I think the industry is really […]

By Jason Contant | June 27, 2019

3 min read

Can Canadian P&C companies be “too big to fail”?

If a major disaster such as an earthquake hits Canada, are some Canadian insurance companies simply “too big to fail”? After the financial crisis of 2007-08, the systemic risk of multiple companies going bankrupt following an extreme catastrophe event is uppermost in the minds of Canada’s property and casualty insurers. Insurance Bureau of Canada is […]

By David Gambrill | June 27, 2019

3 min read

New money aims to help municipalities boost flood resilience

BRACEBRIDGE, Ont. – Ontario is launching a $1-million pilot project to help communities protect against effects of extreme weather after several in central and eastern parts of the province saw flooding this spring. The government has already activated a disaster recovery assistance program for them, which helps cover emergency expenses and the costs to repair […]

By Greg Meckbach | June 27, 2019

2 min read