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The major claims of 2024 in Canada and worldwide

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By Alain Castonguay | December 27 2024 09:30AM

Insured losses reached new highs in Canada, but the outlook for insurers remains stable.

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The most popular in Society

The major claims of 2024 in Canada and worldwide

Most popular articles of 2024 related to societal issues

Regulation: Artificial intelligence needs to be more clearly defined

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Headlines

Data readiness is a carrier’s biggest artificial intelligence challenge

A series of events have made California more vulnerable to wildfires

Canada predicts 2025 will be warmer than every year on record prior to 2023

Related topics …

Flash

Data readiness is a carrier’s biggest artificial intelligence challenge

A series of events have made California more vulnerable to wildfires

Insurers struggle to keep pace with technology

Life and health insurers' market shares in Canada in 2023

AUTORITÉ DES MARCHÉS FINANCIERS (AMF)

Life Insurance in 2025: the leaders are well positioned

Uncertainty clouds the outlook for property and casualty insurers in 2025

Technology: a tool for increasing advisor productivity

iA Financial Group quintuples its earnings in the third quarter of 2024

INSURANCE BUREAU OF CANADA (IBC)

Money laundering and tax evasion discussed in recent sanctioning decisions

Industry association repeats call for licensing reciprocity

Canada’s property and casualty insurance premiums higher than its international peers

Alberta reforms auto insurance

SWISS RE

The notable mergers and acquisitions of 2024

Natural catastrophe losses exceed USD $100-billion for fifth consecutive year

Global insurance premiums set to grow three per cent annually in 2025 and 2026

Flooding: Prevention 10 times more cost-effective than rebuilding

WTW (ex-WILLIS TOWERS WATSON)

Group annuities remain a bargain despite falling interest rates

Construction insurance capacity grows while pricing remains stable

Aviva Canada's profit declines 10% in the first half of 2024

Aging infrastructure leading to increased losses

MOODY'S

Population at risk of flooding increases faster than total population gains

Claims inflation drives reinsurance pricing

Moody’s examines inflation’s impact on U.S. insurers

Moody’s report examines link between mental health and medical costs

CATASTROPHE INDICES AND QUANTIFICATION INC. (CATIQ)

Weather-related disasters resulted in $8.5 billion in insured losses in Canada in 2024

Insured British Columbia flooding damage surpasses $110-million

Hurricane Debby event is the costliest in Quebec’s history

Calgary hailstorm second costliest insured event in Canadian history

STATISTICS CANADA

Defer public pension benefits… if you can

Most popular articles of 2024 related to societal issues

Most popular entrepreneurship articles of 2024

Declining sales: recovering the 100,000 lost policies

MORNINGSTAR DBRS

Market conditions continue to be favorable for life insurance companies

Property and casualty credit ratings remain stable despite tough year

New mortgage rules likely to boost insurance market

Volume of insurance claims threaten auto insurance availability in Alberta

WORLD WEATHER ATTRIBUTION (WWA)

Measuring the effect of global warming on weather extremes

The effects of heat on human health are still poorly understood

Exceptionally heavy rains in Central Europe cause flooding

Mergers and acquisitions

A major independent brokerage firm is created in Atlantic Canada

Financial services deals lead acquisitions in Canada

Another acquisition in Ontario for Arthur J. Gallagher

Arthur J. Gallagher makes acquisition in Ontario