15th Annual Starlight Insurance Gala

More wishes will be coming true this year, thanks to the 15th Annual Starlight Insurance Gala in support of Starlight Starbright Children’s Foundation. While the event was black-tie, that didn’t stop guests from ‘taking a walk on the wild side’ — which was the theme of the evening. A total of 16 wishes were sold, […]

May 31, 2009 | Last updated on October 1, 2024
1 min read
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More wishes will be coming true this year, thanks to the 15th Annual Starlight Insurance Gala in support of Starlight Starbright Children’s Foundation. While the event was black-tie, that didn’t stop guests from ‘taking a walk on the wild side’ — which was the theme of the evening. A total of 16 wishes were sold, and the event raised a total of $150,000.

Why Calgary’s hailstorm could send more Alberta auto insurers to the exits

Claims

Why Calgary’s hailstorm could send more Alberta auto insurers to the exits

Calgary’s record-setting hailstorm in August may send more of the province’s auto insurers heading for the exits, Insurance Bureau of Canada warned Thursday. “The Calgary hailstorm will add $900 million in unexpected claims cost pressures at a time when Alberta’s auto insurance system is in crisis due to the province’s rate cap,” Aaron Sutherland, IBC’s […]

By David Gambrill | September 19, 2024

3 min read

How record-high Cat season will impact reinsurance renewals

Claims

How record-high Cat season will impact reinsurance renewals

About half of the Canadian P&C insurance industry’s projected $7.7 billion in losses due to four natural disasters over the summer will be covered by reinsurance, a reinsurance broker told the National Insurance Conference of Canada (NICC) in Vancouver Tuesday. “We can observe that about 50% of the losses coming out those four main events […]

By David Gambrill | September 26, 2024

3 min read

Beware of negligence lawsuits regarding property sale agreements

Claims

Beware of negligence lawsuits regarding property sale agreements

Ontario’s Court of Appeal found a home insurer, in principle, has a duty to defend a claim against a homeowner in a property sale, because a lower court can’t assume the home insurance policy’s exclusion for ‘intentional acts’ such as fraud would apply to a buyer’s claim of negligence. Nonetheless, the home insurer does not […]

By David Gambrill | September 16, 2024

3 min read