Markets/Coverages: AXIS Launches Cyber and Liability Policy for Canadian SMEs May 5, 2025 AXIS Capital Holdings Ltd., the Bermuda-based specialty re/insurer, announced the launch of an insurance policy that offers customizable cyber and...
Insured Losses From Calgary Hailstorm Reach C$3.25B as 2nd Costliest Canada Disaster February 12, 2025 The tally for Calgary’s record-breaking hailstorm last August continues to rise, with total insured losses now estimated to be C$3.25...
Drought Leaves Canadian Farmers Unpaid, Reveals Holes in Safety Net February 12, 2025 By Ed White Canadian farmer Bill Prybylski planned to buy a new tractor with proceeds from crops sold to two grain companies in...
British Columbia Can Mount Opioid Class Action, Canada’s Top Court Says December 2, 2024 The province of British Columbia can bring a class action lawsuit against pharmaceutical companies for opioid harms on behalf of...
Intact Financial Acquires Canada’s No. 1 Home Maintenance App November 14, 2024 Intact Financial Corp., the Toronto-based property-casualty insurer, announce that it has acquired Jiffy Inc., Canada’s No. 1 home maintenance app....
Climate Change Causes 379% Hike in Insured Damages in Canada Over 10 Years: Report October 17, 2024 The annual average insurable losses in the last decade increased in Canada by a whopping 379%, when compared to the...
Canada’s Axis Insurance Acquires P/C Broker Baker Insurance September 27, 2024 Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Baker Insurance, a property/casualty brokerage based in...
Canada’s Insurance Czar Has ‘Harsh’ Message About Climate: You May Have to Move September 24, 2024 By Thomas Seal The soaring cost and difficulty of insuring against climate risks may force people to relocate, the head of Canada’s main...
Canada Relaxes Some Mortgage Insurance Rules to Tackle Housing Crisis September 18, 2024 By Promit Mukherjee Canadian Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make...
Canada’s Wildfire Season Ranks Among Worst but Less Severe Than Feared September 12, 2024 By Nia Williams With summer drawing to a close in Canada, the 2024 wildfire season is shaping up as one of the most...