Brian Taylor Award

Lori Swetnam, CIP (Hons) of The Co-operators is shown with Fred Plant, current National President of CIAA receiving The Brian D. Taylor Professional Award for her accomplishment as the Top Chartered Insurance Professional in New Brunswick. •

January 31, 2008 | Last updated on October 1, 2024
1 min read

Lori Swetnam, CIP (Hons) of The Co-operators is shown with Fred Plant, current National President of CIAA receiving The Brian D. Taylor Professional Award for her accomplishment as the Top Chartered Insurance Professional in New Brunswick. •

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

Calgary hailstorm ranks Canada’s 2nd-worst NatCat of all time

Claims

Calgary hailstorm ranks Canada’s 2nd-worst NatCat of all time

Calgary’s hailstorm in early August caused nearly $2.8 billion in insured damage, eclipsing the previous record for a single hailstorm ($1.2 billion) set in 2020. “This hailstorm is the second-costliest event in Canada’s history, following the 2016 Fort McMurray wildfire,” Insurance Bureau of Canada said in a release, citing data from Catastrophe Indices and Quantification […]

By David Gambrill | September 11, 2024

4 min read

A different type of auto fraud

Claims

A different type of auto fraud

Although preliminary reports suggest auto theft in Canada is decreasing in 2024, another issue of concern is emerging for auto insurers: a surge in fraudulent credit applications. Automotive application fraud is up 54% year-over-year in Canada, largely driven by falsified credit applications and the continued prevalence of identity theft, consumer credit reporting agency Equifax Canada […]

By Jason Contant | September 24, 2024

2 min read