Claims

No smoke alarm in home where blaze killed four

There were no working smoke alarms in a southern Ontario home where four people were killed in a fire this week, an investigator said Wednesday, calling the deaths a “preventable tragedy.” A mother and her two young children, and an unrelated man who ran into the burning home to help those inside, were killed in […]

By Jason Contant | January 10, 2018

3 min read

Why Canadian insurers paid $1.33 billion for cat claims in a benign cat year

Canadian insured losses from catastrophic events in 2017 totaled $1.33 billion, CatIQ Inc. reports, the fifth time that’s happened over the past seven years. “It’s becoming increasingly common to have Canadian annual insured losses to be greater than $1 billion,” Laura Twidle, director of catastrophic loss analysis at Catastrophe Indices and Quantification Inc. (CatIQ), said […]

By David Gambrill | January 9, 2018

2 min read

Driverless cars could be coming soon to Ontario roads

TORONTO – Ontario drivers could soon find themselves motoring along the highway next to a car with no one in the driver’s seat. The province’s Liberal government is proposing to change the rules of its 10-year automated vehicle pilot project to allow for driverless testing. Currently, the testing of fully autonomous vehicles is only allowed […]

By Jason Contant | January 9, 2018

2 min read

Was 2017 the costliest year ever for insured losses?

Munich Re has confirmed what industry analysts have long speculated — the hurricane trio of Harvey, Irma and Maria made 2017 the year of the highest global insured losses ever. The final insurance bill for those three hurricanes and other global natural catastrophes, including a severe earthquake in Mexico, is expected to total US$135 billion. […]

By Jason Contant | January 8, 2018

2 min read