Insurance & Risk, Analysis, Events and Careers
OTTAWA – Hockey Canada says it has paid out $7.6 million in nine settlements related to sexual assault and sexual abuse claims since 1989, with $6.8 million of that related to serial abuser Graham James. The hockey governing body has been under fire since it was revealed the money in its multimillion-dollar National Equity Fund […]
By Jason Contant | July 27, 2022
1 min read
Length of rental (LOR) for collision replacement-related rentals in Canada jumped nearly six days year-over-year, driven in part by ever-changing parts availabilities and repair backlogs, said car rental agency Enterprise Rent-A-Car. The overall Canadian LOR was 16 days in 2022 Q2, an increase of 5.8 days from 2021 Q2 and almost a full day (+0.9) […]
By Jason Contant | July 25, 2022
3 min read
The out-of-control wildfire burning near Lytton, B.C. shows the community and its surrounding area are at high risk of repeated fires, said Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR). The Nohomin Creek wildfire about 1.7 kilometres northwest of Lytton is estimated to be larger than 2,200 hectares as of Friday […]
By Jason Contant | July 22, 2022
3 min read
ST. JOHN’S, N.L. – About 37,800 people in Newfoundland and Labrador have been sent privacy breach notices stemming from a cyberattack last year on the province’s healthcare system, a spokesperson with the Eastern Health authority said Thursday. The letters were sent to clients as well as to current and former employees to notify them that […]
By Jason Contant | July 22, 2022
2 min read
The Office of the Superintendent of Financial Institutions (OSFI) today released final insurance capital guidelines updated to reflect implementation of International Financial Reporting Standards 17 (IFRS 17). “These guidelines recognize the improvements in the new international accounting standard of increased transparency and comparability of risks across the global insurance industry,” OSFI said in a press […]
By Phil | July 21, 2022
2 min read
BROSSARD, Que. – Quebec provincial police say two people are dead and 10 injured after a multi-vehicle crash Tuesday night on Highway 30, south of Montreal. Police say the driver of a truck allegedly did not slow down when approaching a construction zone around 10:30 p.m. near the exit for Grande-Allee Blvd. and rammed seven […]
By Jason Contant | July 21, 2022
1 min read
A motor vehicle accident victim can proceed with her personal injury claims after British Columbia’s Civil Resolution Tribunal (CRT) found the provincial public auto insurer made an “explicit promise” not to be bound by the two-year limitation period to start a claim. CRT vice chairwoman Andrea Ritchie pointed to the legal principle known as promissory […]
By Jason Contant | July 21, 2022
3 min read
Manitoba Public Insurance (MPI) is requesting a small average auto insurance rate decrease, its fourth consecutive annual rate-decrease request. It filed a provisional 2023/24 general rate application with Manitoba’s Public Utilities Board last week, requesting an average rate decrease for consumers of 0.9%. MPI attributed its latest request primarily to “emerging claims trends and the […]
By Jason Contant | July 20, 2022
2 min read
OTTAWA – Canada’s annual inflation rate rose to 8.1 per cent in June, boosted by soaring gas prices, which rose more than 50 per cent compared with a year ago, Statistics Canada said Wednesday. The June inflation rate was up from 7.7 per cent in May and marked the largest yearly change since January 1983. […]
By Jason Contant | July 20, 2022
2 min read
MEDICINE HAT, Alta. – Alberta Emergency Alert says a storm has caused damage to homes and vehicles in the southeastern corner of the province. It initially called it a tornado, but now says it was a storm with dangerous and damaging winds around Highway 523, which is west of Medicine Hat, Alta. RCMP say they […]
By Jason Contant | July 19, 2022
1 min read