Claims
Insurers are looking back at coverage they've provided to companies that own aging machinery to make sure they're not going to lose money
By Phil | September 22, 2022
2 min read
Climate change is expected to cost Ontario an extra $1.5 billion a year on average in the next few years just to maintain.
By Jason Contant | September 22, 2022
1 min read
“Currently, FSRA is observing that several factors are driving costs up, including inflation and people driving more."
3 min read
Employees are also underestimating the role they play in their companies’ cyber safety. Thirty per cent of respondents say they don’t believe cyber criminals would target them at work, while 28% of respondents believe their employer is solely responsible for their workplace’s cyber security, finds IBC’s survey of 1,525 Canadian employees of small and medium-sized businesses.
By Alyssa DiSabatino | September 22, 2022
Hurricane Fiona is expected to impact the Atlantic Canada region starting late Thursday, Environment Canada said.
By Jason Contant | September 21, 2022
Aurora Cannabis Inc. says it could take a revenue hit of up to $3 million because of a cyberattack and strike.
Insurers predict the frequency and sustainability of climate change-related litigation could soon become a significant issue. But there are ways for risk managers to pursue coverage effectively when their businesses are faced with climate-related claims, such as quantifying risk, working on a claims strategy and hiring experts, said industry observers in a panel discussion at […]
By Alyssa DiSabatino | September 21, 2022
Six summer storms across western Canada in July and August will cost the industry approximately $900 million in insured damages — meaning the industry is almost halfway to last year’s total insured damages of $2 billion from these events alone. Five storms that hit western Canada this summer are expected to result in more than […]
By Alyssa DiSabatino | September 20, 2022
Hurricane Fiona could strike Atlantic Canada with tropical storm-force winds or stronger by Saturday.
By Jason Contant | September 19, 2022
HUDSON’S HOPE, B.C. – An evacuation order for British Columbia’s largest wildfire has been rescinded, though the BC Wildfire Service says the blaze remains out of control. The Battleship Mountain wildfire in the Prince George Fire Centre is now estimated at more than 302 kilometers. The fire in the northeast corner of the province led […]
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