Canadian’s Drop Anchor in San Diego

All hands were on deck as Canadian delegates docked in San Diego for the Risk and Insurance Management Society, Inc. (RIMS) 2008 Annual Conference & Exhibition, Apr. 26 -May 1, 2008. It was full and by as conference delegates navigated a sea of seminars, hospitality and host events, all while taking in the local sights […]

May 31, 2008 | Last updated on October 1, 2024
1 min read
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All hands were on deck as Canadian delegates docked in San Diego for the Risk and Insurance Management Society, Inc. (RIMS) 2008 Annual Conference & Exhibition, Apr. 26 -May 1, 2008. It was full and by as conference delegates navigated a sea of seminars, hospitality and host events, all while taking in the local sights and grog. •

Quebec flooding raises 2024 NatCat losses to $7.6 billion

Claims

Quebec flooding raises 2024 NatCat losses to $7.6 billion

Flooding after Tropical Storm Debby passed through Montreal and nearby regions of Quebec in August caused $2.5 billion in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ).  The Aug. 9 and 10 catastrophe now ranks as the costliest insured event in Quebec’s history, says Insurance Bureau of Canada. “The record-breaking […]

By Alyssa DiSabatino | September 13, 2024

2 min read

Captain Obvious: Premiums will rise after 2024’s loss year

Claims

Captain Obvious: Premiums will rise after 2024’s loss year

If one consequence of insurers paying out $7.6 billion in claims damage for severe weather events isn’t obvious enough, P&C insurance industry professionals are spelling it out: consumers can expect to see their property premiums increase sometime in the near future.  “I’m happy to be in an industry that’s trying to actually meet the consumer’s […]

By Alyssa DiSabatino | September 20, 2024

3 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