Claims
Two tornadoes in southern Alberta that damaged homes and vehicles in July have been declared catastrophes by Catastrophe Indices and Quantification Inc. (CatIQ), Insurance Bureau of Canada (IBC) confirmed to Canadian Underwriter Monday. The July 7 tornado near Bergen and the July 18 tornado in the Redcliff area are both expected to exceed $30 million […]
By Jason Contant | August 8, 2022
3 min read
With inflation making buildings, businesses and other insured assets more valuable, brokers should contact clients to revisit risk profiles.
By Phil | August 8, 2022
2 min read
The car rental shortage isn’t only impeding on Canadians’ travel plans—it could also affect policyholders’ loss of use endorsements. Luckily, there are alternative options for insurers to reimburse customers on their loss of use policies, says one of Canada’s largest auto insurers. “We’ve seen the duration of rentals increase significantly in 2022,” says an Aviva […]
By Alyssa DiSabatino | August 5, 2022
Hurricane researchers have slightly reduced their forecast totals for this year’s hurricane season, but still anticipate above-normal activity for the seventh consecutive season. The National Oceanic and Atmospheric Administration (NOAA) in the United States trimmed their Atlantic hurricane predictions to a 60% chance of an above-normal season (from 65%), with 14-20 named storms, six to […]
By Jason Contant | August 5, 2022
Inflation is driving up the price of things Canadian companies need to insure, which means insurance coverage is becoming more expensive.
By Phil | August 5, 2022
Two McLaren Collision auto repair employees have lost their bid to toss a regulator’s cease-and-desist order against them.
By David Gambrill | August 5, 2022
4 min read
Canadian insurers dealt with a lot of problems in 2021, including work from home and rising inflation but will that impact their 2022 profits?
By Phil | August 4, 2022
Before 2019, HST is included in limits auto insurers pay for attendant care benefits for catastrophically impaired claimants, court rules.
By David Gambrill | August 3, 2022
Thanks to fires and storms in B.C., catastrophe trends in Canada were intense in 2021, in some cases matching devastation not seen since 2008
By Phil | August 3, 2022
Intact’s personal auto insurance premiums grew by 28% in 2022 Q2, but the company says its auto game plan is “not only pricing-driven,” the CEO reported during Intact’s recent earnings call. “Equally important is how we manage claims and our supply chain,” Intact CEO Charles Brindamour reported in a 2022 Q2 IFC earnings call. “Our […]
By Alyssa DiSabatino | August 2, 2022
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