Industry
WHITEHORSE – Several parts of Northern Canada are enveloped in smoke from wildfires along with unusually high seasonal temperatures. Yukon has seen a huge leap in the number of blazes with just over 846 square kilometres of land scorched this year, while heat warnings and air quality statements are in effect in the Northwest Territories […]
By Jason Contant | July 14, 2022
2 min read
PartnerRe Ltd. made a few executive-level shuffles Wednesday, marking the close of a December 2021 deal between Covea and Exor
By David Gambrill | July 13, 2022
This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Authors: Cedric Chavanne, Professeur en oceanographie physique, Universite du Quebec a Rimouski (UQAR); Daniel Bourgault, Professeur en oceanographie physique, Universite du Quebec a Rimouski (UQAR), and […]
By Jason Contant | July 13, 2022
6 min read
OTTAWA – Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally. In Canada, inflation hit a 39-year-high of 7.7 per cent in May – well above the two per cent target rate central banks typically aim for. The […]
By Jason Contant | July 12, 2022
4 min read
LaSalle, Ont., has the highest home insurance premiums in the province right now, whereas Ajax, Ont., offers the least expensive home insurance premiums, according to the latest data from rate comparison site RatesDotCa. On average, home insurance premiums in Ontario have increased about 10% since the fall of 2021, compounding homeowners’ cost challenges amid rising […]
By Jason Contant | July 8, 2022
Ontario drivers may soon see the end of “unfair” rating of auto insurance policies based on postal codes, says Ontario Premier Doug Ford, and the Insurance Bureau of Canada agrees it may be time to modernize territorial rating. “I know we’re working on a plan for insurance companies,” Premier Ford said at a press conference […]
By Alyssa DiSabatino | July 8, 2022
3 min read
WHITEHORSE – A Yukon information officer says firefighters in the territory have been bolstered by crews and resources from British Columbia to help fight a growing number of wildfires. Mike Fancie says in a news release Wednesday that about 60 firefighters including an airtanker group are in Yukon from B.C., with more resources to arrive […]
1 min read
Canada’s P&C insurance industry needs to get back to basics — unmet customer needs — when designing tech-enabled digital strategies and products, speakers said last week during an industry webinar. Too often, carriers or other industry stakeholders get involved in an “iteration cycle,” said panel moderator Bryan Falchuk, founder and managing director of Insurance Evolution […]
By Jason Contant | July 7, 2022
TORONTO – Canada is headed towards a recession in 2023, but it will be short-lived and not as severe as prior downturns, according to a new report from RBC. RBC economists said Thursday that soaring food and energy prices, rising interest rates and ongoing labour shortages will push the economy into a “moderate contraction” next […]
Canadians made major renovations to their homes during the pandemic, and over 14% of those who renovated stated they did so on an impulse during the pandemic — but are policyholders telling their insurers about these material changes? Not every renovation made during the pandemic was part of a long-term plan, noted Aviva’s How We […]
By Alyssa DiSabatino | July 6, 2022
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