News

Flash flooding risk in Ontario, Quebec as Debby approaches

MONTREAL, Que. — More than 100 mm of rain is forecast to hit parts of Eastern Canada by the weekend as the remnants of tropical storm Debby make their way to the region. Environment Canada is warning of heavy rain and risks of flash flooding, water accumulation, and sewer backups across a swath of the […]

By David Gambrill | August 8, 2024

3 min read

Munich Re Canada CEO joins IBC as new board member

Munich Re Canada president and CEO Klaus Wilkens will join Insurance Bureau of Canada’s board of directors, the association announced Wednesday.  Wilkens was appointed president and CEO of Munich Reinsurance Company of Canada and Temple Insurance in April 2024. He’s been with the company for nearly 30 years, since he first joined as a casualty […]

By Alyssa DiSabatino | August 8, 2024

1 min read

Auto insurers urge governments to close Re-VINning loopholes

Canada’s auto insurers are calling on governments to tighten up loopholes allowing car thieves to give stolen cars new VIN numbers.

By David Gambrill | August 8, 2024

4 min read

What will change the P&C industry’s rosy outlook?

While 2023’s year-end results were largely good news for Canada’s P&C insurers, even those seeing good annual earnings have reasons to stress.

By Phil | August 8, 2024

4 min read