Canadian Underwriter

Topic Claims Canada Archive

Cyber security concept
News ClaimsClaims Canada ArchiveCyberLoss TrendsTechnology

How cyber pricing is trending for large Canadian companies

January 25, 2024 by Jason Contant

Large 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

Red pumpjack in Alberta
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Alberta releases liability estimate for well cleanup

January 23, 2024 by Bob Weber - The Canadian Press

Alberta’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

2014 fire at seniors' residence in L'Isle-Verte, Que.
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Decade after fatal fire, some Quebec seniors’ residences unable to install sprinklers

January 22, 2024 by Pierre Saint-Arnaud – The Canadian Press

MONTREAL – 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

Close-up of a book on a binary code abstract background.
News Business InterruptionClaimsClaims Canada ArchiveCommercialCyberOntarioTechnology

Toronto Public Library gradually recovering from hack, more services back next month

January 19, 2024 by Maan Alhmidi - The Canadian Press

TORONTO – 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

Ransomware attack
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Toronto Zoo says staff personal info stolen in ransomware cyberattack

January 18, 2024 by The Canadian Press

TORONTO – 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,

Burst pipe during freezing weather
News AlbertaB.C.BrokersClaimsClaims Canada ArchiveEnvironmentalManitobaPersonal HomeQuebecSaskatchewan

Brokerage sees nearly 200% increase in cold weather claims

January 18, 2024 by Jason Contant

With temperatures plummeting across Canada recently, one insurance brokerage has seen a 191% increase in cold weather-related claims in the early days of 2024 compared to 2023. “Over the past couple of weeks, we’ve seen almost three times as many

The McDougall Creek wildfire in West Kelowna, BC.
News B.C.CatastrophesClaimsClaims Canada ArchiveEnvironmentalPersonal Home

More than 100 wildfires still burning after B.C.’s record wildfire season

January 17, 2024 by Ashley Joannou - The Canadian Press

More than 100 wildfires are still listed as burning in British Columbia thanks to a combination of a busy wildfire season, extreme drought and generally warmer and drier conditions through December. Forrest Tower of the BC Wildfire Service said that

A city worker shovels snow in Vancouver
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Snowstorm inbound for Metro Vancouver as winter weather rages across Canada

January 16, 2024 by The Canadian Press

VANCOUVER – Environment Canada says a snowstorm is expected to hit Metro Vancouver, Greater Victoria and beyond, bringing up to 20 centimetres of accumulation and possible freezing rain to southern British Columbia. The weather agency has issued a snowfall warning

The Red Sea conflict is delaying ships in the Port of Halifax.
News ClaimsClaims Canada ArchiveCommercialEmerging RisksNova ScotiaSupply Chain

Tremors from Red Sea conflict start to shake Canada, with dozens of ships delayed

January 15, 2024 by The Canadian Press

MONTREAL – Canadian shippers are starting to feel the strain of attacks on cargo vessels in the Red Sea, as container rates rise and boats are late to arrive.  Port data shows that two-thirds of the 43 ships slated to

Burnt out trucks from a wildfire in Drayton Valley, Alta. in May 2023
News AlbertaCatastrophesClaimsClaims Canada ArchiveEnvironmentalPersonal Home

Wildfires in Alberta burned 10 times more area in 2023 than the five-year average

January 5, 2024 by Colette Derworiz - THE CANADIAN PRESS

Alberta Wildfire says it saw an average number of wildfires last year, but the area burned across the province set a record.   The province saw a total of 1,088 wildfires that burned about 22,000 square kilometres from March 1 to

A row of computer monitor workstations
News ClaimsClaims Canada ArchiveCyberNewfoundland & LabradorTechnology

Cybersecurity issue delays in-person classes at Newfoundland’s Memorial University

January 3, 2024 by The Canadian Press

ST. JOHN’S, N.L. – A Memorial University campus in western Newfoundland is the latest Canadian post-secondary institution to be grappling with what officials are calling a “cybersecurity incident.” The beginning of most in-person classes for the winter semester at Memorial’s

Damage to homes from a wildfire outside of Halifax.
News CatastrophesClaimsClaims Canada ArchiveNova ScotiaPersonal Home

Homeowners discuss the high insurance costs of wildfires

January 2, 2024 by Michael Tutton - THE CANADIAN PRESS

HALIFAX – Seven months after a wildfire left a charred, 1,000-hectare scar on the western suburbs of Halifax, less visible damage persists in the lives of those who lost their homes to the flames. Lindsay Law said the financial and