How California’s Wildfires Could Impact Insurance Costs in Canada
Climate disasters don’t just affect local communities—they send shockwaves through the global insurance market. The devastating wildfires in California could […]
Canada Updates Disaster Recovery Funding Program
The Government of Canada is modernizing the Disaster Financial Assistance Arrangements (DFAA) to provide faster and more effective support to
2024 AI Insurance Industry Trends: How Artificial Intelligence Is Transforming Risk Assessment and Claims Processing
Insurance companies are poised for a significant shift toward AI adoption, though there’s currently a gap between ambition and implementation.
California Wildfires and Global Disasters Are Driving Up Home Insurance Costs in Canada
The devastating wildfires in California have highlighted the growing impact of climate change on the insurance industry. In recent years,
New Measures to Reduce Costs Related to Vehicle Theft
Since 2019, vehicle thefts in Quebec have more than doubled, creating significant challenges for both drivers and insurers. In response,
Significant increase in home replacement costs
Residential construction costs in Canada have skyrocketed by 66% since 2019, leading to a 24% increase in home replacement costs.
Climate Change Drives 379% Increase in Insurable Damages Across Canada
A new analysis from MyChoice, a leading insurtech company in Canada, shows a dramatic 379% rise in Canada’s average annual
Canada’s Insurance Industry Urges National Licensing for Adjusters After Surge in Catastrophic Events
Following a 2024 summer with four major natural catastrophes resulting in over 228,000 claims, Canada’s property and casualty insurance industry
The Historic Cost of Hurricane Debby: Impacts on Insurance in Quebec
Hurricane Debby, which struck Quebec on August 9 and 10, 2024, has been recorded as the most expensive insured disaster
Insurance and AI: Addressing Security Concerns for Small Business Owners
A recent survey by the Insurance Bureau of Canada (IBC) has highlighted a growing concern among small and medium-sized business