Industry
Financial Services Regulatory Authority of Ontario (FSRA) has implemented temporary measures to allow claims adjusters to process insurance claims from Ontario’s flash flooding more quickly. FSRA is temporarily allowing licensed adjusting firms to use claims adjusters licensed outside of Ontario. FSRA has also allowed Ontario insurers to use the services of employees of affiliated insurers. […]
By Alyssa DiSabatino | July 19, 2024
2 min read
Claims
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
3 min read
If your Canadian clients visit the U.S. often, review their collision coverage because not every state has direct compensation for property damage
By Phil | 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.
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
Zurich Canada has appointed 25-plus-year veteran Paul Jackson as its new head of customer and market management.
By David Gambrill | 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
Are extreme weather events the new normal in Canada? Yes, say 92% of Canadian business leaders polled for a new KPMG Canada research report
By Phil | July 17, 2024
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