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...
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...