Claims
The storm that struck Quebec was large, but nothing in comparison to the infamous 1998 Quebec ice storm, industry professionals said.
By Jason Contant | April 12, 2023
3 min read
Industry
A combined ratio of 85.4 and solid underwriting results at year-end collided with escalating interest rates and a volatile equity market.
By Alyssa DiSabatino | April 12, 2023
Risk
The Bank of Canada is once again holding its key interest rate steady at 4.5% but isn't ruling out the possibility of more rate hikes.
By The Canadian Press | April 12, 2023
Insurance claims can get complex but if you have all the facts and numbers at your fingertips the process becomes a lot simpler
By Phil Porado | April 11, 2023
The extreme reinsurance rate increases that insurers saw this year won’t be sustainable for future renewals, experts say.
By Alyssa DiSabatino | April 11, 2023
Oil and gas infrastructure in Canada and around the world is routinely targeted by cybercriminals, experts say.
By The Canadian Press | April 11, 2023
1 min read
An exceedingly tough reinsurance cycle saw insurers quoted double digit rate increases upon the Jan. 1 2023 renewal. Some portfolios without a significant loss history saw increases of 25% to 30%, while other portfolios with losses saw their reinsurance rate increases climb as high as 50% to 70%, Donald Callahan, managing director of Guy Carpenter […]
By Alyssa DiSabatino | April 6, 2023
4 min read
Underwriters are starting to address cyber exposure in directors and officers (D&O) policies, an insurtech said at an industry event.
By Jason Contant | April 6, 2023
DesRosiers Automotive Consultants Inc. says auto sales rose 3.7 per cent in March from a year earlier for a fifth month in a row of gains.
By The Canadian Press | April 6, 2023
Reported outages are concentrated in central Ontario, and Environment Canada expects around 50 millimetres of rainfall through tonight.
By The Canadian Press | April 5, 2023
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