Industry

Intact takes strong Q3 hit from Canada’s costliest Cat year Intact takes strong Q3 hit from Canada’s costliest Cat year Image

Industry

Intact takes strong Q3 hit from Canada’s costliest Cat year

Canada’s costliest Cat year has taken a steep toll on Intact, which reported a personal property combined ratio of 147.5% in 2024 Q3.

By Jason Contant | November 8, 2024

3 min read

2024 insured NatCat losses could top out at $9 billion 2024 insured NatCat losses could top out at $9 billion Image

Industry

2024 insured NatCat losses could top out at $9 billion

Canada’s P&C insurance industry is on track to pay out close to $9 billion in natural catastrophe (NatCat) losses by the end of 2024.

By David Gambrill | November 8, 2024

4 min read

Storm tracker group confirms rare tornado touchdown on B.C.’s Sunshine Coast Storm tracker group confirms rare tornado touchdown on B.C.’s Sunshine Coast Image

Industry

Storm tracker group confirms rare tornado touchdown on B.C.’s Sunshine Coast

Western University's Northern Tornadoes Project confirmed the tornado, with wind speeds of 115 kilometres per hour.

By Darryl Greer – The Canadian Press | November 8, 2024

3 min read

B.C. city developing a new earthquake strategy B.C. city developing a new earthquake strategy Image

Industry

B.C. city developing a new earthquake strategy

The City of Burnaby has started developing a new strategy and framework to prepare the city for earthquakes in the future.

By Lubna El Elaimy, Local Journalism Initiative Reporter, Burnaby Beacon (obtained from The Canadian Press) | November 7, 2024

3 min read