Topic Claims
What insurers can expect from FSRA’s review of home insurance claims
March 8, 2024 by Alyssa DiSabatinoOntario’s insurance regulator is conducting a review of home insurance claims handling to help the industry identify the greatest risks for consumer harm. Initially announced in June 2023, the Home Insurance Thematic Review is on its way to being published,…
B.C. health authority warns of possible privacy breach after police recover documents
March 8, 2024 by 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 by 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…
How auto theft, inflation and vehicle complexity boost claims costs
March 6, 2024 by Philip PoradoLate last year, Toronto’s police department wrapped an auto theft intervention, codenamed Project Stallion, that recovered 1,080 vehicles stolen citywide with a combined value of $59 million. That works out to just shy of $55,000 per vehicle. Auto theft is…
Crane accidents ‘a huge concern’ after fourth incident in Metro Vancouver
March 6, 2024 by Chuck Chiang and Brenna Owen – The Canadian PressIn 30 years of working in construction, Josh Towsley says this is a first, after Metro Vancouver saw its fourth crane accident since the start of the year. “I’ve been involved in construction since I was 19 years old ……
Quebec to offer ‘X’ gender option for health cards, driver’s licences
March 5, 2024 by Morgan Lowrie – The Canadian PressQuebecers who do not identify as male or female will soon be able to opt for an ‘X’ gender marker on their health cards and driver’s licences. Both Quebec’s automobile insurance board and its public health insurance board confirmed Monday…
How clients can be motivated on climate action
March 5, 2024 by Jason ContantMeasures to help mitigate climate change are a known commodity, it’s just a matter of motivating the public, government and regulators to take action, speakers suggested Monday at an industry event. Climate change is irreversible, but its rate can be…
Inaccurate data on forest fuels may stoke B.C. wildfires, study finds
March 4, 2024 by Brenna Owen - The Canadian PressWildfire fighting and forest management decisions are potentially being hampered by inaccurate government data that misrepresents forest fuel loads in British Columbia’s Interior, a new study has found. The B.C. government says the provincial wildfire service is working with the…
Why clients are missing insurance payments — and risk policy cancellation
March 4, 2024 by Jason ContantOne Ontario brokerage has seen an increase in the number of clients missing insurance payments as well as cancellation notifications from insurers for non-payment. For Mitch Insurance, the number of clients missing insurance payments has increased 104% since 2019. While…
Landmark opioid case wrestles with who defends among multiple insurers
March 1, 2024 by David GambrillWhen multiple commercial insurers are on the hook consecutively for long-tail claims spanning decades, defence costs should be allocated according to the proportion of time they were on risk, the Ontario Appeal Court ruled this week. The court’s landmark decision…