Claims
VANCOUVER – November’s floods in British Columbia that swamped homes and farms, swept away roads and bridges and killed five people are now the most costly weather event in provincial history. The Insurance Bureau of Canada made the statement as it released the latest cost estimate of $675 million, and that’s only for damage that […]
By Jason Contant | June 16, 2022
2 min read
Artificial intelligence creates unique insurance needs but is often covered by other parts of a clients policy.
By Phil | June 15, 2022
3 min read
Inflationary pressure will prolong the hard market for at least another year if not longer, 90% of more than 200 respondents predicted in a Canadian Underwriter webinar poll. Only 10% of respondents were optimistic the hard market would not be exacerbated by inflation, which rose to 6.8% in April — one of the highest rates […]
By Alyssa DiSabatino | June 15, 2022
Digital transformation is becoming so extensive that organizations are having trouble getting a handle on their broadening cyber exposure.
By David Gambrill | June 14, 2022
Travelling for the first time in two years? Watch those Instagram posts if you don't want your house robbed while you're away.
By Phil | June 13, 2022
The property and casualty insurance industry in Canada and globally needs to improve its modelling and understanding of secondary perils, which have seen increased frequency over the past decade, says a speaker from Swiss Re during an industry event. “We have been, as an industry, very focused on primary perils,” says Marcela Abreu, senior P&C […]
By Jason Contant | June 13, 2022
With the Ontario election in the rearview mirror, and Doug Ford re-elected as premier with a sizeable majority, the P&C industry is eagerly awaiting to hear who the next finance minister will be. But political pundits and insurance experts predict — and hope for — very few changes in the cabinet. Panelists from several […]
By Alyssa DiSabatino | June 13, 2022
OTTAWA – Rebuilding in the fire-ravaged village of Lytton, B.C., is likely to begin in September, according to the province’s minister of public safety. That would be 15 months after an out-of-control wildfire swept through and burned 90 per cent of the community. Both Mike Farnworth and federal Emergency Preparedness Minister Bill Blair praised the […]
Insurance for commercial buildings needs to account for much more than how much it will cost to rebuild.
By Phil | June 10, 2022
Belair does not have to pay an insured more than $1,500 in mileage costs to visit her condo daily for eight months while it was under repair.
By David Gambrill | June 10, 2022
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