Claims
A Calgary hailstorm in early August caused nearly $2.8 billion in insured damage, eclipsing the old record mark for a hailstorm set in 2020.
By David Gambrill | September 11, 2024
4 min read
Canada’s property and casualty insurance industry is calling on the industry’s regulators to change adjuster licensing in the country.
By David Gambrill | September 10, 2024
3 min read
U.S. insurer PURE Insurance has expanded into Canada with insurance for affluent homeowners, and plans to enter the auto insurance market.
By Jason Contant | September 9, 2024
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
Industry
Rising rates of violence at public gatherings are changing how property and casualty insurers calculate risk profiles for live events
By Philip Porado | September 6, 2024
Definity says it’s interested in seeking to acquire either a large, commercial-focussed carrier, or a scaled personal lines insurer.
By David Gambrill | September 6, 2024
Insured losses from the Jasper, Alta. wildfire have surpassed $880 million, according to initial estimates from CatIQ.
By Jason Contant | September 4, 2024
Carriers and brokerages have tried to lure people back to the office for two-plus years, but what if employers made work-from-home permanent?
By Adam Mitchell, Mitch Insurance | September 4, 2024
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
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