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Tractor bringing in the hay News BrokersInsuranceMarkets / CoveragesTechnology

Can farm insurance coverage be delivered online?

March 25, 2024 by Alyssa Di Sabatino

The words ‘technology’ and ‘farm insurance’ aren’t always mentioned in the same breath. Historically, farm insurance providers do most of their business through offer and acceptance — sending either online or paper applications to clients. Underwriters and brokers then use…

Person reporting a stolen vehicle News ClaimsClaims CanadaInsuranceMarkets / Coverages

Insurer’s Top 5 insurance fraud claims of 2023

March 25, 2024 by Jason Contant

An intoxicated driver who reported her car stolen to avoid the consequences of impaired driving and fake invoices for high-end jewellery reportedly stolen from a vehicle were among Saskatchewan Government Insurance’s (SGI) Top 5 insurance fraud claims of 2023.  The…

Smoke from Canadian wildfires as seen in Boston on Canada Day 2023. News CatastrophesClaimsClaims CanadaClimate ChangeInsuranceMarkets / Coverages

Driven by wildfire smoke, Canada’s air quality worse than U.S. in 2023

March 25, 2024 by Jordan Omstead – The Canadian Press

Canada’s air pollution levels last year were worse than those in the United States for the first time since an air-quality firm started publishing its assessments in 2018.  The sixth World Air Quality report published Tuesday by Swiss firm IQAir…

Much money and a motorcycle. News BrokersClaimsInsuranceLegalLegislation / Regulation

Innocent victim of insurance fraud? Why a tribunal found otherwise….

March 25, 2024 by David Gambrill

An injured motorcyclist claiming he was the innocent victim of fraud had the wherewithal to know he was not carrying valid insurance, thus disqualifying him from receiving accident benefits, the Ontario Licence Appeal Tribunal (LAT) ruled Thursday. The tribunal said…

Technicians setting up a quantum computer News InsuranceTechnology

Could quantum computing destabilize Canada’s P&C sector?

March 22, 2024 by Jason Contant

Quantum computing holds promise for dozens of industries, including property and casualty (P&C) insurance. But there are also downsides to the technology. For one, quantum computers are not yet that stable and must operate in extremely controlled environments. It’s not…

News BrokersCatastrophesClimate ChangeCommercial LinesInsuranceRisk

B.C.’s plan for flood mapping and building back better

March 22, 2024 by Alyssa DiSabatino

A new report by the Government of British Columbia details its commitment to developing a provincially coordinated floodplain mapping program, and sheds light on how and where it intends to rebuild communities after a flood.   More specifically, the report, From…

Business process and streamlining strategy text on wooden blocks. Business culture and Operational excellence concept. News AnnouncementsAppointmentsEmploymentInsuranceProfessional DevelopmentTechnology

Regulator streamlines organizational structure

March 22, 2024 by Jason Contant

Quebec’s financial services regulator has announced strategic adjustments aimed at streamlining its organizational structure. “The main adjustments put forward will allow the organization to focus on its clientele and the quality of services provided to them,” the Autorité des marchés…

The Standing Committee on Environment and Sustainable Development in Ottawa on March 21. News ClaimsClaims CanadaInsuranceMarkets / Coverages

Time to protect Canadians from ‘forever chemicals,’ experts say

March 22, 2024 by Mia Rabson – The Canadian Press

OTTAWA – Nearly a year after Health Canada issued a draft recommendation to designate an entire class of chemicals as toxic, environmental experts say it’s time to actually do something about it. There are now more than 10,000 variations of…

Wildfire near Banff National Park in Alberta News CatastrophesClaimsClaims CanadaInsuranceRisk

Alberta town outlines plan ahead of fire season

March 21, 2024 by John Watson, Local Journalism Initiative Reporter, Strathmore Times – The Canadian Press

The Town of Strathmore recently finalized its hazard reduction burn plan, which aims to reduce the risk of grass and wildfires in the local region. According to the town, the plan aims to assess grassland fuels on the landscape within…

Aerial view of flooded homes following record rainfall News CatastrophesClaimsClaims CanadaClimate ChangeInsuranceMarkets / CoveragesRisk

Three necessities for Canada’s national flood insurance program

March 21, 2024 by Jason Contant

Canada’s upcoming national flood insurance program needs to specify exclusions, phase in risk-based premiums, and provide incentives for flood resilience measures, the Canadian Climate Institute (CCI) says in a recent blog.  A low-cost flood insurance program should drive safer decisions…

A heavy snowfall sweeps through the province of British Columbia News AdjustersBrokersCatastrophesClaimsClaims CanadaClimate ChangeInsuranceRisk

How Canada’s winter weather predicts 2024 Cat claims

March 21, 2024 by Alyssa DiSabatino

This winter clocked in as Canada’s warmest winter ever, and adjusters are already sounding the alarm that a winter with no or little snow could mean more wildfire claims over the rest of the year. Snowpack in winter is one…

Deanna Brewer, senior vice president, account manager, NFP in Canada News AppointmentsBrokersConstruction

NFP names industry vet to its Canadian surety group

March 21, 2024 by David Gambrill

Deanna Brewer is NFP’s new senior vice president and account manager for surety in Canada. A P&C insurance industry vet with more than 25 years of experience in the surety business, Brewer was appointed for her technical knowledge and strategic…