Canada’s largest insurer is calling the actuarial analysis contained in an Alberta government-commissioned report on auto reform “deeply flawed,” aligning the company with concerns raised by Insurance Bureau of Canada (IBC). The Oliver Wyman actuarial report concluded a British Columbia…
A cyclist who took action against an insurer, rather than the driver of the motor vehicle involved in an accident, recently saw his case dismissed. The small claims dispute before British Columbia’s Civil Resolution Tribunal (CRT) noted that on October…
British Columbia Premier David Eby said late Wednesday that the province had identified “sophisticated cybersecurity incidents” involving government networks. A government source later said the incidents were related to a directive to all provincial employees early last week that they…
Parts of Canada are seeing a significantly higher number of ‘holdover fires’ than the average amount, although the 2024 wildfire season as a whole will likely not result in as many hectares burned as last year, a fire research analyst…
Intact Financial Corporation (IFC) subsidiary BrokerLink “remains well on track to achieve its ambition of $5 billion in annual premiums by 2025,” IFC CEO Charles Brindamour said during the insurer’s 2024 Q1 earnings call Wednesday. In 2023, BrokerLink surpassed $3.5…
Reports of wood-framed roof collapses, ranging from simple agricultural roofs to complex roofs in industrial buildings, are frequent in North America. These collapses often are caused, or contributed to, by controllable factors like lack of maintenance, chemical attacks, moisture attacks,…
How many of us in the Canadian property and casualty insurance industry can relate to the iconic scene of the Toronto Maple Leafs’ star hockey players bickering with each other on the bench during the heat of the battle, en…
Precipitation in June will likely determine the severity of this year’s wildfire season in western Canada, says Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR). Although it may seem like a quiet start to the year…
When a motor vehicle collision involves a public transit bus, many factors play into reconstructing injuries that may have occurred. And those factors centre around the differences between transit vehicles and conventional vehicles, such as passenger cars or light trucks.…
London Drugs is gradually reopening its stores across Western Canada more than a week after a cybersecurity breach forced the retailer to close. The company says it is working with independent cybersecurity experts to securely bring its systems back online…
B.C. libraries have been targeted by a hacker who demanded a ransom or they would release user data that includes the phone numbers and email addresses of some clients. The Cariboo Regional District says its library was among those involved,…
Lengthy wait times for auto repairs over the past three years, sparked by supply chain problems and other factors, have cost insurers a bundle, especially if clients have generous allocations for rental cars. Over the past few months, emerging evidence…