Claims
Canada’s insurance market ranks eighth in the world by total premium volume, according to a new study from the Swiss Re Institute.
By Jason Contant | July 22, 2024
3 min read
Even with increased flood insurance coverage take up rates, damages from last week’s flash flood in Toronto remain manageable for insurers.
By Alyssa DiSabatino | July 22, 2024
2 min read
Cat bonds covering major perils such as Canadian earthquakes can help the P&C insurance industry lower pricing for quake risk.
By David Gambrill | July 22, 2024
How Travelers recovered a $255,800 ransomware payment it made of behalf of a victim of a cybercrime from the criminal's seized assets.
By David Gambrill | July 19, 2024
The rapid growth of the Shetland Creek fire in the B.C. Interior came ahead of a major spike in the number of fires across the province.
By Alyssa DiSabatino | July 19, 2024
4 min read
Ground crews are preparing to attack a roaring wildfire near Labrador City that forced thousands of people to evacuate last week.
By Jason Contant | July 18, 2024
Insurance companies have seen a magnified risk of litigation against them, in part because they are becoming exposed to higher regulatory standards of care towards clients and society at large. Thoughtful claims advocacy for clients helps to cut down that risk, says a Canadian P&C insurance industry exec. Kate Della Mora is the CEO of […]
By Alyssa DiSabatino | July 18, 2024
The wildfire early detection system involves cameras and scores of air sensors, collecting data that is fed into an AI system for analysis.
By Jason Contant | July 17, 2024
The industry can expect insured losses to surpass $1 billion after more than a months’ worth of rain (100mm) flooded Toronto on Tuesday.
By Alyssa DiSabatino | July 17, 2024
5 min read
Torrential rain caused multiple power outages across Toronto, closing a major highway and key transit hub.
By Jason Contant | July 16, 2024
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