Segment
Claims
Edmonton City Hall attack supports terror charges: RCMP
March 7, 2024 The Canadian PressMounties say they believe an attack on Edmonton City Hall in January was politically motivated, meaning it reaches the legal threshold for terrorism charges. Supt. Glenn Sells of the RCMP’s national security team said Tuesday that officers had seized an…
How Aviva Canada fared in 2023
March 7, 2024 by Jason ContantAviva Canada ended 2023 with an undiscounted combined operating ratio (COR) of 95.3% and double-digit growth in gross written premiums, despite challenging market conditions that included increased weather-related losses and heightened auto theft. The undiscounted ratio for 2023 was up…
How home insurance premiums are trending
March 6, 2024 by Jason ContantCanadian home insurance policyholders should brace for price increases this year following a nearly 8% year-over-year increase since the beginning of the year, according to internal data from rate comparison site My Choice Financial. Canada’s home insurance landscape is poised for…
How auto theft, inflation and vehicle complexity boost claims costs
March 6, 2024 Philip PoradoLate last year, Toronto’s police department wrapped an auto theft intervention, codenamed Project Stallion, that recovered 1,080 vehicles stolen citywide with a combined value of $59 million. That works out to just shy of $55,000 per vehicle. Auto theft is…
Crane accidents ‘a huge concern’ after fourth incident in Metro Vancouver
March 6, 2024 Chuck Chiang and Brenna Owen – The Canadian PressIn 30 years of working in construction, Josh Towsley says this is a first, after Metro Vancouver saw its fourth crane accident since the start of the year. “I’ve been involved in construction since I was 19 years old ……
How clients can be motivated on climate action
March 5, 2024 by Jason ContantMeasures to help mitigate climate change are a known commodity, it’s just a matter of motivating the public, government and regulators to take action, speakers suggested Monday at an industry event. Climate change is irreversible, but its rate can be…
Inaccurate data on forest fuels may stoke B.C. wildfires, study finds
March 4, 2024 Brenna Owen - The Canadian PressWildfire fighting and forest management decisions are potentially being hampered by inaccurate government data that misrepresents forest fuel loads in British Columbia’s Interior, a new study has found. The B.C. government says the provincial wildfire service is working with the…
How the Toronto library is recovering from a cyberattack, one book at a time
March 1, 2024 Nicole Thompson – The Canadian PressHundreds of thousands of books have been freed from a months-long purgatory as scores of staffers race to get them out of storage and back on shelves following a cyberattack that felled the Toronto Public Library’s computer systems in October.…
High winds, icy conditions leave many without power in Ontario and Quebec
February 29, 2024 The Canadian PressExtreme weather conditions were expected to continue across Canada on Thursday after a sharp cold front with high winds hit vast areas of Quebec and Ontario, knocking out power lines and leaving tens of thousands of people in the dark…
How industry professionals are tackling talent recruitment
February 28, 2024 by Jason ContantCanada’s P&C insurance industry is looking at everything from career fast-track programs to scholarships and student involvement programs to handle talent recruitment challenges. Recruitment has long been an industry challenge. In late January, the Insurance Institute of Canada, the industry’s…
Why complex cars create costly problems
February 28, 2024 Philip PoradoAn acute shortage of semiconductors is a big contributor to rising auto claims costs for auto insurers. “That’s had a significant impact in certain types of cars,” says Paul Gilbody, president of ClaimsPro Canada. “A huge amount of electronics now…
No evidence that RCMP data was extracted during recent cyberattack: commissioner
February 28, 2024 The Canadian PressOTTAWA – The head of the RCMP said Tuesday there was no evidence to date that personal or operational information had been pilfered from the national police force’s systems during a recent cyberattack. “Based on information that we’ve gone through,…