Topic
Claims Canada
Three necessities for Canada’s national flood insurance program
March 21, 2024 by Jason ContantCanada’s upcoming national flood insurance program needs to specify exclusions, phase in risk-based premiums, and provide incentives for flood resilience measures, the Canadian Climate Institute (CCI) says in a recent blog. A low-cost flood insurance program should drive safer decisions…
How Canada’s winter weather predicts 2024 Cat claims
March 21, 2024 by Alyssa DiSabatinoThis winter clocked in as Canada’s warmest winter ever, and adjusters are already sounding the alarm that a winter with no or little snow could mean more wildfire claims over the rest of the year. Snowpack in winter is one…
Rising insurance premiums create challenges for local municipalities
March 20, 2024 Wayne Doyle, Local Journalism Initiative Reporter, BarrieToday.com – The Canadian PressThe cost of insurance for local municipalities continues to rise. Springwater Township received its annual insurance renewal notice last Friday at a cost of $625,709.52. That’s almost $42,000 more than last year, or slightly more than seven per cent. According…
What claims adjusters earn in Canada
March 20, 2024 by Alyssa DiSabatinoEditor’s Note: This article has been updated to clarify the different ways in which adjusters in Canada earn compensation. In-field adjusters are making slightly more than their desk adjuster and claims representatives counterparts, according to Impact Recruitment’s 2024 Insurance…
Active spring wildfire season may be in store for B.C. as drought persists
March 19, 2024 Ashley Joannou – The Canadian PressBritish Columbia needs a drenching of rain to alleviate the tinder dry conditions that have forecasters worried about the potential for another difficult wildfire season. Cliff Chapman, director of operations for the BC Wildfire Service, said parts of the province…
B.C. bridge vulnerable during heavy rain events, mayor says
March 18, 2024 Roisin Cullen, Local Journalism Initiative Reporter, Pique Newsmagazine – The Canadian PressPemberton’s recent heavy flooding highlights the challenges the area faces, according to Mayor Mike Richman. The Village of Pemberton (VOP) declared a state of local emergency on Jan. 30 due to flooding, and many locals were displaced from their homes…
Federal disaster aid for Fraser Valley floods, landslides taking too long: B.C. MP
March 12, 2024 Mia Rabson - The Canadian PressThe federal government estimates it will need to pay almost $3.4 billion for its share of the disaster recovery bills for flooding and landslides that devastated British Columbia’s Fraser Valley in November 2021. But more than two years after that…
How Aviva Canada is handling personal lines’ pressures
March 8, 2024 by Jason ContantAviva Canada’s overall combined ratio for 2023 stood at 95.3% (undiscounted) but there was a difference between the year-end combined ratios for personal versus commercial lines. The insurer’s personal lines combined ratio (COR) last year came in at 99.5%, up…
B.C. health authority warns of possible privacy breach after police recover documents
March 8, 2024 The Canadian PressAn RCMP investigation has revealed a possible privacy breach for thousands of employees who worked or work at a health authority in British Columbia’s Interior. Interior Health says police contacted them in January about finding a document during its investigation…
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…