News

Psychologist fined over accident benefits statements

An Ont. psychologist is fined and suspended for 24 months after a regulator found he misrepresented accident benefits statements to insurers

By Alyssa DiSabatino | November 29, 2023

3 min read

Privately-owned PEI utility seeks rate hike after Fiona losses

CHARLOTTETOWN – The privately owned electricity utility in Prince Edward Island wants ratepayers to cover $37 million in costs incurred during post-tropical storm Fiona in 2022. Maritime Electric, a subsidiary of Fortis, has applied to the Island’s regulatory commission for rate hikes of about 2.4% cent by Mar. 1, 2024, for rural residential customers. After […]

By David Gambrill | November 28, 2023

3 min read

How Canada’s wildfire season will shape reinsurance renewals

While reinsurers are keeping a close watch on wildfire risk, tallied wildfire losses won't exponentially raise Canadian reinsurance renewals.

By Alyssa DiSabatino | November 28, 2023

3 min read

Addressing a shortage of qualified commercial underwriters

While the whole insurance industry is in a war for talent, the challenges are particularly intense in commercial underwriting.

By Phil Porado | November 28, 2023

3 min read