Claims
Canadians know they're supposed to tell their insurance companies if they start putting more kilometres on their cars but not all of them do
By Phil | October 6, 2022
2 min read
Guaranteed replacement cost (GRC) coverage for rebuilding a flooded home includes the increased regulatory compliance costs.
By David Gambrill | October 5, 2022
3 min read
Owners of truck fleets will need to spell out their losses in details when then claim over a vehicle that is put out of commission
By Phil | October 5, 2022
OTTAWA – There is no way to enforce building or fire codes on First Nations and pursuing a legislative fix would require significant time and money, federal officials warn in an internal briefing document. But Blaine Wiggins, the senior director of the Indigenous Fire Marshals Service, said that enforcement gap has “catastrophic” consequences. House fires […]
By Jason Contant | October 5, 2022
4 min read
What Canada's P&C industry thinks about OSFI's proposal to regulate financial institutions' business cultures.
By David Gambrill | October 4, 2022
Although inflationary pressures are adding to the cost of first- and even third-party property claims, commercial insurers can leverage their global resources to reduce these costs, says a commercial insurance exec. “[Inflation] affects the cost to restore a building,” said Bernard McNulty, chief agent and head of claims of Canada at Allianz Global Corporate & […]
By Alyssa DiSabatino | October 4, 2022
Former chair Michael Brind'Amour and interim chair Andrea Skinner will appear before a Canadian Heritage standing committee in Ottawa.
By Jason Contant | October 4, 2022
Massive insured losses from Hurricane Ian will hurt primary insurance companies and reinsurers as inflation drives repair costs higher
By Phil | October 3, 2022
“Just like a property policy would have separate limits, retentions and coinsurance for flooding and quake, Chubb has done the same thing by offering separate limits for retention—potentially coinsurance for widespread [coverage]—so that we can continue to offer the coverage, continue to offer capacity, and price for it in an appropriate way.”
By Alyssa DiSabatino | October 3, 2022
A regional park in British Columbia has been closed since Saturday as crews battle a wildfire sparked in persistently hot and dry conditions.
By Jason Contant | October 3, 2022
1 min read
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