Topic
Claims
Quebec city declares state of emergency as forest fires multiply
June 2, 2023 The Canadian PressMONTREAL – A city on Quebec’s north shore has declared a state of emergency as forest fires rage in the vicinity. Sept-Iles Mayor Steeve Beaupre says certain sectors of the city have been ordered to evacuate by 4 p.m. today…
Why there’s growth opportunity in cyber if insurers play their cards right
June 2, 2023 by Alyssa DiSabatinoAs incidents of cyberattacks become more prevalent globally, the demand for cyber insurance continues to grow rapidly — much faster than most other lines. For insurers, this provides an opportunity to meet growing consumer demand by increasingly offering cyber…
Hurricane season has started. What can the industry expect?
June 1, 2023 by Alyssa DiSabatinoThe 2023 hurricane season is shaping up to be near normal as the current ocean temperatures (which fuel hurricane activity) and the El Niño patterns (which hinder it), are converging to neutralize one another, industry outlooks suggest. For the P&C…
What it’s like on the scene of the Nova Scotia wildfires
June 1, 2023 by Jason ContantTwo large wildfires burning in Halifax and Shelburne counties in Nova Scotia remain out of control, even as fire and additional living expenses (ALE) claims start to trickle in for insurers and adjusters. Some adjusters aren’t able to access the…
Man injured in a crash while sleeping in a stolen truck is covered
May 31, 2023 by David GambrillA man sleeping in the back of a pickup truck when it was stolen by an uninsured driver and involved in a serious crash is entitled to auto insurance coverage, the Court of Appeal for Ontario has ruled. The Appeal…
How hybrid work can increase broker E&O risk
May 31, 2023 David GambrillWorkplace flexibility, one feature of a hybrid workplace, has proven to be a selling point to attract younger brokers. But the hybrid office makes it difficult to supervise newly recruited brokers to make sure they’re doing things correctly, broker E&O…
The state of the cannabis insurance market in 2023
May 30, 2023 by Jason ContantEven though inflation cooled to 4.3% in March from a high of 8.1% last summer, its effect is still being felt on personal and commercial lines alike. The cannabis insurance market is no exception. Carriers across the board are looking…
Government announces aid for residents affected by spring flooding
May 30, 2023 The Canadian PressWHITEHORSE – The Yukon government says it’s working to provide financial support and other help to residents and businesses hurt by ongoing flooding in the Klondike Valley. The government said 82 residents have signed up for emergency support services so…
‘Foreseeable’ cyberattack on N.L. health network hit majority of province: report
May 29, 2023 The Canadian PressST. JOHN’S, N.L. – A new report says the cyberattack that temporarily knocked down Newfoundland and Labrador’s health-care IT systems in October 2021 was foreseeable and almost inevitable. The 115-page report from the office of the province’s privacy commissioner concludes…
What makes the Halifax wildfire so unique
May 29, 2023 by Jason ContantNova Scotia is no stranger to wildfire, but the out-of-control blaze burning in suburban Halifax is unique in its aggressiveness, Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction told Canadian Underwriter Monday. As of Monday afternoon, an…
‘Immense sorrow:’ Major fire at Montreal heritage building that once housed monastery
May 26, 2023 Sidhartha Banerjee - THE CANADIAN PRESSMONTREAL – A major fire at a Montreal heritage building was still not under control Friday and authorities were not able to provide a firm timeline of how long it would take to extinguish the blaze. The fire broke out…
How busy will Atlantic hurricane season be?
May 25, 2023 Seth Borenstein - THE ASSOCIATED PRESSTwo clashing climatic behemoths, one natural and one with human fingerprints, will square off this summer to determine how quiet or chaotic the Atlantic hurricane season will be. An El Nino is brewing and the natural weather event dramatically dampens…