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Insurers’ advice to brokers about overland flood policies

November 14, 2017 Greg Meckbach, Associate Editor

Amid concerns about the frequency and severity of flooding in Canada, insurers are advising brokers to “stay on top” of the various water coverage products in the market, as well as to bear in mind that different carriers are taking

News InsuranceLegalLegislation / RegulationMarkets / Coverages

New Brunswick to impose new measures for impaired drivers starting Nov. 1

October 19, 2017 The Canadian Press (CPSTF)

FREDERICTON – New Brunswick will seize drunk drivers’ cars for up to two months under a law that comes into force Nov. 1 Public Safety Minister Denis Landry says the new law will make the province one of the country’s

News CatastrophesInsuranceMergers and Aqcuisitions

B.C. wildfires cause more than $127 million in insured damage: CatIQ

September 27, 2017 by Canadian Underwriter

The “two most significant wildfires in British Columbia this summer” caused more than $127 million in insured damage, the Insurance Bureau of Canada (IBC) said, quoting Catastrophe Indices and Quantification Inc. (CatIQ). The wildfires around Williams Lake caused close to

News CatastrophesInsuranceMergers and Aqcuisitions

Insured damages exceeds $124 million from Windsor August floods: CatIQ, IBC

September 25, 2017 by Canadian Underwriter

Floods in late August in Windsor, Ont. resulted in more than $124 million in losses to the industry, Insurance Bureau of Canada suggested Monday. “From August 28 – 29, a slow-moving area of low pressure produced significant rainfall over areas

News Insurance

IBC launches ‘Know Your Policy’ consumer awareness campaign

September 14, 2017 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) has launched ‘Know Your Policy,’ an online campaign designed to promote insurance literacy among Canadian consumers. “A car collision, a home damaged by wind or hail and a business interrupted by vandalism or floods

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

37% of Quebec tenants have no home insurance: IBC survey

September 6, 2017 by Canadian Underwriter

Nearly four in 10 tenants in Quebec have no home insurance, “a regrettable situation that clearly puts their financial security at risk,” the Insurance Bureau of Canada (IBC) said in a press release on Wednesday. A survey completed for IBC

News CatastrophesClaimsClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

Spring flooding in Ontario and Quebec caused more than $223 million in insured damage: CatIQ

September 1, 2017 by Canadian Underwriter

Two significant spring storm and flooding events in eastern Ontario and western Quebec resulted in more than $223 million in insured damage, according to information from Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ) released on Friday. Between April 5 and

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

BIP Talk aims to let brokers ‘better understand’ underlying problems with Ontario auto insurance: Forgeron

August 25, 2017 Greg Meckbach, Associate Editor

More than four months after the release of David Marshall’s report on auto insurance, Insurance Bureau of Canada’s president and chief executive officer is hoping Ontario’s brokers will “add their voice” to calls from the industry to “fundamentally overhaul” auto

News InsuranceLegislation / RegulationMergers and AqcuisitionsProducts

Government of Newfoundland and Labrador finalizes terms of reference for auto insurance review

August 16, 2017 by Canadian Underwriter

The provincial government announced on Tuesday that it has finalized the terms of reference for the automobile insurance review for Service NL and the provincial Board of Commissioners of Public Utilities (PUB). Government has directed PUB to begin its review

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

IBC encouraging policyholders to discuss policy limits with insurers as B.C. wildfires continue

July 10, 2017 by Canadian Underwriter

As British Columbia has declared a state of emergency due to wildfires burning out of control throughout much of the Interior, the Insurance Bureau of Canada (IBC) is encouraging policyholders to discuss policy limits with their insurer. Most home and

News AppointmentsCatastrophesClimate ChangeInsurance

IBC congratulates City of Toronto on the creation of a chief resilience officer position

July 5, 2017 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) is congratulating the City of Toronto “for its ongoing commitment to emergency preparedness” with the recent establishment of a chief resilience officer for the city. Last month, Tory announced that the position will be

News InsuranceMarkets / Coverages

Auto, cargo theft funding terrorist activity: Insurance Analytics Canada Summit speaker

July 4, 2017 Greg Meckbach, Associate Editor

The proceeds of cargo theft and auto theft are in some cases funding terrorist activity, while accident benefits fraud in Ontario continues to be a problem, an Insurance Bureau of Canada speaker suggested to attendees at the Insurance Analytics Canada