Claims
All three levels of government are discussing how to streamline the rebuild of Jasper, Alta., after a wildfire destroyed one-third of the town
By David Gambrill | September 9, 2024
5 min read
Insurers have handled double the amount of claims this summer compared to last year, according to the Insurance Bureau of Canada. Approximately 228,000 insurance claims have been filed following this summer’s four major catastrophes: flooding in Toronto and southern Ontario, the Jasper wildfire, the Calgary hailstorm, and flooding in Quebec. All occurred in the span […]
By Alyssa DiSabatino | September 9, 2024
2 min read
Insured losses from the Jasper, Alta. wildfire have surpassed $880 million, according to initial estimates from CatIQ.
By Jason Contant | September 4, 2024
4 min read
Increased urbanization and inflation, combined with more frequent and severe storms, are expected to drive the global modelled insured average annual loss (AAL) from natural catastrophes (NatCats) to $151 billion in 2024, Verisk reports. When you strip out the crop losses, the total is $119 billion, a 12% increase over the previous five-year average. “In […]
By David Gambrill | September 3, 2024
iA Financial Group expects to take less than a $10-million 2024 Q3 loss related to flood damage after Tropical Storm Debby hit Quebec.
By David Gambrill | August 30, 2024
3 min read
An insurance company can only claim equitable contribution against another insurer, not against an insured: Ontario Court of Appeal
An earthquake early detection system has been activated in B.C. to provide up to “tens of seconds” of notice.
By The Canadian Press | August 30, 2024
A number of waterspouts — also known as tornadoes over water — occurred in recent days in Quebec and Nova Scotia.
By Morgan Lowrie - The Canadian Press | August 29, 2024
Crews on the site of a major cyanide spill at a mine in Yukon are facing an intense period of work to install environmental protection.
By The Canadian Press | August 28, 2024
The BC Wildfire Service says favourable weather has allowed crews to make good progress in the province's battle against hundreds of blazes.
By Ashley Joannou - The Canadian Press | August 27, 2024
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