Keyword
municipal insurance
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…
How the hard market impacts public risk managers
October 25, 2023 Alyssa Di SabatinoBudgeting is where risk managers of publicly owned organizations feel the hard market the most. Public risk managers must often buy insurance for their entire region or branch while predicting what future losses may be. Like all risk managers, they…
Why Lloyd’s has to defend a progressive property damage case
October 17, 2022 by David GambrillLloyd’s of London has a duty to defend the City of Timmins in a negligence lawsuit, in which homeowners are suing the city for failing to prevent progressive land erosion that led to an order to remove, relocate or demolish…
How to reduce escalating municipal insurance costs
February 4, 2022 by Jason ContantOntario’s Ministry of the Attorney General has established a ‘technical table’ to review issues surrounding rising municipal insurance costs, including joint and several liability. “Insurance costs for municipalities in Ontario have been rising, and the subject of much concern for…