Topic
Claims Canada
What’s driving Intact’s high personal property combined ratio?
August 3, 2023 by Jason ContantIntact Financial Corporation (IFC) saw an elevated combined ratio (undiscounted) of 119.2% in its Canadian personal property segment in 2023 Q2, driven in part by twice the expected level of Cat losses. The 119.2% combined ratio in Intact’s personal property…
6.6 million ‘unsafe vehicles’ ply the roads despite recalls: Transport Canada
August 2, 2023 Christopher Reynolds - THE CANADIAN PRESSSome 6.6 million “unsafe vehicles” are likely on the road despite having unresolved safety recalls, the federal government says. In an analysis from June, Transport Canada estimated that one in five of the 33.3 million vehicles registered as of 2019…
‘Complacency’ blamed for N.S. struggles with flooding, other climate disasters
August 1, 2023 Michael Tutton - THE CANADIAN PRESSHALIFAX – On the night floodwaters swept through his Nova Scotia county, taking lives and tearing out bridges, Doug Pynch says he had trouble believing an emergency alert that flashed across his phone. It called for residents to evacuate to…
Winds play key role as wildfire continues to threaten Osoyoos, B.C.
July 31, 2023 The Canadian PressWinds will likely be a major factor in the battle to save the southern British Columbia town of Osoyoos from a raging wildfire, but the latest forecast offers some hope. Environment Canada is calling for northwest winds through the day…
Aging infrastructure struggling to keep up with storms, wildfires, changing climate
July 27, 2023 Hina Alam - THE CANADIAN PRESSFREDERICTON – The torrential rain that washed out roads, bridges and a key rail link in Nova Scotia on the weekend is being described as another sign that engineers cannot rely on past weather patterns to design infrastructure able to…
Province denies third-party liability coverage for impaired drivers
July 26, 2023 by Jason ContantImpaired drivers in Manitoba who are involved in collisions will be denied third-party liability coverage, and will be responsible for covering the cost of any damage they cause to other vehicles or property under new rules in the province. Manitoba…
Cooler weather sees B.C. wildfire numbers dip, but drought still poses concern
July 26, 2023 The Canadian PressThe number of active wildfires in British Columbia has dipped below 450 as cooler weather and recent rain has cut the fire risk, although another hot spell could wipe out those gains as large sections of the province wilt under…
Prairie drought continues, forcing farmers to write off crops
July 25, 2023 Amanda Stephenson - THE CANADIAN PRESSSaskatchewan farmers forced to write off drought-afflicted crops are being asked to consider ways to turn those crops into cattle feed instead. The Agricultural Producers Association of Saskatchewan (APAS), an industry association, put out a plea recently to grain farmers…
Financial burden of cybercrime in Canada remains high: IBM report
July 24, 2023 Amanda Stephenson - THE CANADIAN PRESSCALGARY – Increased corporate awareness and a string of high-profile incidents have done little to reduce the financial burden of cybercrime in Canada, according to a new report. The average cost to companies of a cybersecurity breach in Canada as…
Fight for funding to protect land link between N.S. and N.B. goes to court
July 21, 2023 The Canadian PressHALIFAX – The Nova Scotia government is asking the province’s Court of Appeal to determine who has jurisdiction over the works that protect a vital link between the province and New Brunswick. In a court document filed Wednesday, lawyers for…
Canada’s wildfires: Is industry concerned about lack of firefighters?
July 21, 2023 by Jason ContantWith Canada’s record-breaking fire season continuing to burn hot, firefighter availability and the country’s system of sharing resources is stretched thin. For Canada’s P&C insurance industry, the overall lack of firefighters is a concern, given the sheer number of fires…
Fire and drought: What does 2024 hold for British Columbia?
July 20, 2023 Brieanna Charlebois - THE CANADIAN PRESSVANCOUVER – British Columbia hasn’t yet hit the “peak” of its wildfire season, but it has already broken the record for the total area burned in a year, the province’s minister of emergency management said. Officials are now eyeing the…