Topic
Claims Canada
Flood and fire preparedness measures underway in N.W.T. town
April 22, 2024 The Canadian PressThe Town of Hay River has been through a lot over the last couple of years, having first contended with serious flooding in 2022 and then devastating wildfires in 2023. With the memories of those crises still fresh in the…
Wildfire clean-up continues in Enterprise, NWT
April 17, 2024 Tom Taylor, Local Journalism Initiative Reporter, NWT News/North – The Canadian PressEnterprise’s 2024 spring carnival was a sorely needed opportunity for celebration in a community that has been through more than most over the last few months. “It was just great fun,” said Sandra McMaster, who became the community’s new mayor…
How auto theft is evolving
April 17, 2024 by Jason ContantFraudsters are adapting their methods in an attempt to fly under the claims radar, and even using artificial intelligence to create false documentation and platforms for claims handling, speakers tell the Insurance Institute’s 2024 CIP Society Symposium. Auto theft has…
Quebec court approves class action alleging opioid makers misled users about risks
April 16, 2024 The Canadian PressA Quebec Superior Court judge has authorized a class-action lawsuit against 16 pharmaceutical companies that are alleged to have misled consumers about the efficacy and dangers of opioid medications. The class action includes everyone in Quebec who was diagnosed with…
Coroner’s inquest opens into Quebec firefighter flood deaths in May 2023
April 15, 2024 by Jason ContantA coroner’s inquest is underway into the deaths of two volunteer Quebec firefighters who perished during a flood rescue last May in the Charlevoix region. Coroner Andrée Kronström is hearing from witnesses at the courthouse in La Malbaie, Que., during…
Before likely ‘ferocious’ wildfire season, fire chiefs worry about drop in volunteers
April 12, 2024 Lyndsay Armstrong – The Canadian PressAs Canada looks ahead to what experts fear could be another devastating wildfire season, fire chiefs say they are worried about the dwindling number of volunteers available to combat the rising threat. Ken McMullen, president of the Canadian Association of…
How cloud services can speed up the P&C industry
April 12, 2024 by Jason ContantCloud-based services can serve as a much-needed speed accelerator to the Canadian P&C insurance industry, eliminating friction and digitizing the customer experience, speakers said Thursday at the 2024 CIP Society Symposium in downtown Toronto. “I personally think the biggest threat…
Carbon insurance: Bigger than cyber?
April 10, 2024 by Jason ContantThe global voluntary carbon market (VCM) is expected to show “hockey stick growth” over the next few decades, representing a dramatic opportunity for the insurance industry. “Look at the cyber market now in insurance — it’s the new big thing,”…
Drought, heat raise risk of repeat of last summer’s record-breaking wildfires
April 10, 2024 The Canadian PressPersistent drought and months of above-average temperatures have raised the risk of a repeat of last year’s record-breaking wildfires. Federal officials say conditions are already ripe for an early and above-normal fire risk from Quebec all the way to British…
Why this MGA is betting on carbon insurance
April 9, 2024 by Jason ContantSpecialist insurance provider CFC has entered the voluntary carbon market (VCM) with the launch of a carbon delivery insurance product that safeguards the purchase of carbon credits. VCMs are decentralized markets in which individuals or organizations buy credits to voluntarily…
Heavy rain causes flooding, damage in Newfoundland
April 9, 2024 Sanuda Ranawake, Local Journalism Initiative Reporter, The Telegram – The Canadian PressHeavy rain over the weekend brought a mix of localized flooding, washouts, and slides to much of the west coast of Newfoundland. In Lark Harbour, there were no washouts, but damage to houses, trails, and some roadways. For some residents…
Why climate change on the farm equates to a big bill
April 8, 2024 Amanda Stephenson – The Canadian PressTo get an idea of the financial toll extreme weather is taking on this country’s agriculture industry, look no further than the government of Saskatchewan’s books. The prairie province had forecast a more than $1 billion surplus for the fiscal…