Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC September 6, 2024 Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims...
Canada’s 10 Worst Natural Disasters Totaled C$30 Billion in Annual Insured Losses September 3, 2024 Insured losses have surged in the past decade as climate change in Canada sparks wildfires, intense hailstorms and thunderstorms with...
Canada’s Insurance Sector Faces Deluge of Climate-Related Catastrophe Claims September 3, 2024 By Nivedita Balu Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major...
Insured Losses From Canada’s Jasper Wildfire Surpass C$880 Million August 28, 2024 This summer’s devastating wildfire in Jasper, Canada resulted in more than C$880 million (US$653.4 million) in insured damage, according to...
Canada Insurers Investing in Fossil Fuels as Climate Risks Grow: Shareholder Group July 10, 2024 Canada’s top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a...
Canada’s Desjardins Completes Purchase of Insurance Company of Prince Edward Island June 3, 2024 Desjardins Group and The Insurance Company of Prince Edward Island (ICPEI) have confirmed that the transaction announced in March 2024...
Remote Work, Aging Tech Targeted by Canada Cybersecurity Plan May 24, 2024 By Monique Mulima Canada released its first-ever cybersecurity strategy for federal government departments and agencies on Wednesday, with the aim of addressing challenges...
Axis Insurance Managers Acquires Canadian Broker Magnes Group May 23, 2024 Axis Insurance Managers Inc., the Vancouver, Canada-headquartered brokerage, announced it has acquired The Magnes Group Inc. Axis Insurance said it...
Canada Plans Harsher Laws, Equipment Bans to Fight Car Theft May 21, 2024 By Geoffrey Morgan Canada’s government is banning key-programming machines and other equipment used to steal cars, while implementing harsher penalties to combat a...
Wildfires in Canada’s Oil Sands Region Prompts Evacuation Orders April 23, 2024 By Robert Tuttle Wildfires erupted across Canada’s main oil producing province of Alberta and an evacuation order was issued as the region braces...