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Natural disasters: Climate change costing insurers dearly

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By Alain Castonguay | December 30 2022 10:30AM

Two natural disasters in 2022 have made the list of the 10 worst insured losses in Canadian history.

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Increasing numbers dependent on family to secure homeownership

Stronger operational risk management needed

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Headlines

Travel: Climate concerns also change plans

Auto theft: preventing fraud is easier said than done

Telemedicine liabilities shifting from injury to data privacy and regulatory risks

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Flash

Travel: Climate concerns also change plans

Auto theft: preventing fraud is easier said than done

Insurers unconcerned about Canadians’ shifting travel patterns

Travel insurance: Health stability poorly reflects risk

INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE (IPCC)

P&C insurers can absorb the costs of Fiona

Peter Routledge aims to address climate and digitalization challenges

The global climate in 2020: Another alarming report

Rising sea levels: An increasingly real threat to coastal cities

AON

Canadian property and casualty market is well-capitalized

US-based Totalis buys CHES Special Risks

Volatile markets impact pension plan performance in the first months of the year

Canadian brokerage Cowan Group joins Assurex Global

INSURANCE BUREAU OF CANADA (IBC)

Ontario temporarily loosens rules to help insurers process high number of claims

Slow pace of adaptation is a wildfire threat

Legislation introduced to reform Alberta auto insurance

Canadian businesses suffered record insured losses in 2024

INTACT

Offensive in Gaza: insurers accused of complicity with Israel

Impact of tariffs: property & casualty insurance not immune

Less waiting, more efficiency: artificial intelligence reinvents insurance

Centre for Study of Insurance Operations' Chief Executive Officer departs

Climate changes

Global reinsurers’ underwriting profitability preserved in 2024

Investors grow skeptical about insurers’ prospects for future growth

Stronger operational risk management needed

Emerging threats could make certain risks more tangible

Special risks

Businesses will need to build resilience to cope with chaos

Use of large language models is transforming risk assessment

Early-onset dementia: cases expected to increase unevenly across Canada

Mergers fuel demand for transactional risk insurance globally

Claims

Owning and insuring a vehicle costlier since 2020

Insurers sued for underpaying consumers involved in total loss accidents

Disaster recovery expenses to be reimbursable

Canada faces a protection gap against major disasters

Losses

Not everything is easily insurable

The most affordable house is the one that doesn't have to be rebuilt

Calgary hailstorm insured losses are now estimated at $3.25-billion

Adequate insurance coverage correlated with household financial resilience