News

Is Canada still heading toward a recession? Is Canada still heading toward a recession? Image

Risk

Is Canada still heading toward a recession?

Canada will likely not experience a recession in the traditional sense but rather a ‘shallow downturn,’ Douglas Porter said.

By Jason Contant | April 21, 2023

3 min read

Flood backstop, check. Now, what’s the industry’s next agenda item? Flood backstop, check. Now, what’s the industry’s next agenda item? Image

Claims

Flood backstop, check. Now, what’s the industry’s next agenda item?

Now that Canada has introduced a commitment to a backstop for high-risk flood insurance, the next item for change should be an government earthquake backstop, a panellist noted at the the Insurance Institute of Canada’s Symposium in Toronto Wednesday.  Arguably, quake probably should have come first, suggested Maz Moini, co-founder and managing partner at NovaRisk […]

By Alyssa DiSabatino | April 21, 2023

3 min read

Insurer successfully defends flood exclusion in water damage endorsement Insurer successfully defends flood exclusion in water damage endorsement Image

Claims

Insurer successfully defends flood exclusion in water damage endorsement

How The Personal in Quebec successfully defended a flood exclusion to its policy’s Water Damage Coverage Endorsement.

By David Gambrill | April 21, 2023

4 min read

Break-in at government office results in privacy breach Break-in at government office results in privacy breach Image

Claims

Break-in at government office results in privacy breach

A break-in at a government building in Yellowknife has resulted in a privacy breach affecting about 3,000 people.

By The Canadian Press | April 21, 2023

2 min read