Claims
The cost-of-living crisis poses the biggest worldwide risk in 2023, according to findings in the World Economic Forum’s Global Risks Report 2023. Two years from now, experts expect the cost of living will still be the number one risk on the global agenda. A ten-year outlook, however, shows climate action failure will dominate as the […]
By Alyssa DiSabatino | January 13, 2023
2 min read
Canada’s property and casualty insurance industry is concerned "rate fatigue for consumers" could invite government intervention later.
By David Gambrill | January 12, 2023
3 min read
St. Catharines Fire Services says crews continue to battle a fire triggered by a series of explosions at a hazardous waste facility in the city that has left one person with serious injuries. Chief Dave Upper says firefighters responded to reports of multiple blasts at Ssonix Products 2010 Inc. today just after 6:30 a.m. and […]
By Jason Contant | January 12, 2023
4 min read
Intact’s Canadian segment lost an estimated $77 million in catastrophe losses during the last quarter of 2022.
By Alyssa DiSabatino | January 12, 2023
B.C.'s auto insurance regulatory body has approved a 0% rate change for basic auto insurance rates in the province for two years.
By Jason Contant | January 11, 2023
More than 89% of Canadian P&C industry professionals agree the multitude of issues facing the industry at once is creating a “perfect storm.”
By David Gambrill | January 11, 2023
The Liquor Control Board of Ontario says a “cybersecurity incident'' has knocked out its website and mobile app.
1 min read
The City of Hamilton says it has uncovered another sewage leak that has been dumping waste into Lake Ontario for more than two decades.
By Jason Contant | January 10, 2023
Insureds who suffer psychological trauma from seeing the aftermath of other people’s serious car accidents can't collect accident benefits.
By David Gambrill | January 10, 2023
The ‘bomb cyclone’ weather event that swept through eastern Canada during the holidays produced mostly wind and water claims, adjusters say.
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