Lloyd’s of London Anniversary

Lloyd’s of London celebrated 75 years in Canada with a special presentation and reception held at the Four Seasons Centre for the Performing Arts in November 2007. •

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

Lloyd’s of London celebrated 75 years in Canada with a special presentation and reception held at the Four Seasons Centre for the Performing Arts in November 2007. •

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

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

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