Segment
Claims
Regulator revokes healthcare provider licence for insurance fraud
January 29, 2024 by Jason ContantOntario’s financial services regulator has revoked the healthcare service provider licence of a Markham clinic and imposed administrative penalties against the clinic and two individuals in connection with fraudulent billing practices. The Financial Services Regulatory Authority of Ontario (FSRA) revoked…
Snowstorm forces cancellations in Nova Scotia and eastern Newfoundland
January 29, 2024 The Canadian PressHALIFAX – Most schools across Nova Scotia are closed today after an overnight snowstorm moved into the province and headed to eastern Newfoundland. Snowfall warnings are in effect for Nova Scotia’s Atlantic coast from Yarmouth in the south to Sydney…
‘Atmospheric river’ could bring 300 millimetres of rain to parts of southern B.C.
January 26, 2024 The Canadian PressOfficials in B.C. are warning of heavy rainstorms for the South Coast region starting on Saturday. Environment and Climate Change Canada says West Vancouver Island and the Coast Mountains could receive up to 300 millimetres of rain over five days,…
Why personal property results should concern insurers
January 26, 2024 by Jason ContantEven though overall financial results for the Canadian P&C insurance industry were only slightly worse in 2023 compared to the previous year, personal property lines should raise concerns for underwriters, according to a new report from the Property and Casualty…
How accident claims hit rideshare drivers’ personal auto policies
January 26, 2024 Philip PoradoThere seems to be a disconnect between drivers and their insurers about the ability to access personal auto coverage when driving for food delivery or rideshare companies like Uber, Lyft and others. While there’s no hard data to quantify a…
How cyber pricing is trending for large Canadian companies
January 25, 2024 by Jason ContantLarge corporate cyber clients in Canada saw pricing decreases last year and one cyber underwriter expects the market for those risks will flatten out in 2024. “In 2023, we did see some fairly significant softening in the market; prices were…
Months after request, Nova Scotia silent on possible buyout of flooded Halifax homes
January 24, 2024 Keith Doucette – The Canadian PressHALIFAX – Frustration is building with a lack of a commitment from the Nova Scotia government to buy and demolish some of the Halifax area homes ravaged by massive flooding last July. Halifax Regional Council sent a letter on Oct.…
Alberta releases liability estimate for well cleanup
January 23, 2024 Bob Weber - The Canadian PressAlberta’s oil and gas producers spent nearly $700 million in 2022 on cleaning up the hundreds of thousands of old wells that dot the province, the regulator’s first report on the extent of those liabilities indicates. That’s 65 per cent…
How reconstruction companies are improving repair timelines
January 22, 2024 Alyssa Di SabatinoA shortage of tradespeople isn’t making it easy for the restoration industry to recover from extended repair cycle times during the pandemic. While cycle times are starting to improve, frequent NatCats and a lack of qualified talent are stretching capacity…
Decade after fatal fire, some Quebec seniors’ residences unable to install sprinklers
January 22, 2024 Pierre Saint-Arnaud – The Canadian PressMONTREAL – Ten years after 32 people died in a fire that ripped through a residential complex for seniors in rural Quebec, around a quarter of all private seniors’ residences in the province are still struggling to comply with a…
Toronto Public Library gradually recovering from hack, more services back next month
January 19, 2024 Maan Alhmidi - The Canadian PressTORONTO – Canada’s largest public library system is gradually restoring more of its services after an October cyberattack brought down its website and likely exposed sensitive employee information. The Toronto Public Library said customers will be able to see a…
Toronto Zoo says staff personal info stolen in ransomware cyberattack
January 18, 2024 The Canadian PressTORONTO – The Toronto Zoo says it believes personal information of its current, former and retired employees was stolen in a ransomware cyberattack first detected earlier this month. The zoo says the information includes past earnings information, social insurance numbers,…