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Alberta opens consultation on auto insurance reform

By Kate McCaffery | April 30, 2024, 10:02 a.m.

Photo: Adobe Stock

Insurance Bureau of Canada says supporting studies grossly skew the facts.

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Headlines

Extreme weather trends put insurers’ profits at risk

Pay inequality persists into retirement

Car theft claims costs increase 254 per cent in five years

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Flash

Extreme weather trends put insurers’ profits at risk

Pay inequality persists into retirement

Car theft claims costs increase 254 per cent in five years

Agent’s conduct amounts to fraud in 12 cases

P&C Insurance

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Interrelated megatrends driving volatility and causing enterprise-wide risks

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Automobile insurance

Casualty rates excluding auto liability decline at the start of 2024

Race to insure electric vehicles could change the industry

National Flood Insurance Program promised again in budget

Commercial truck driver training lacking

INSURANCE BUREAU OF CANADA (IBC)

Association says government can improve insurance market conditions for businesses

Quebec flood zone map raises concerns even before its release

Some Albertans prefer current “at fault” automobile insurance system

Deep freeze caused $180 million in insured damage across three provinces

Distribution

Flood researchers find gaps in national flood insurance program

Intact's earnings up 79 per cent for the first quarter of 2024

Sun Life introduces new term life product for diabetics

BrokerLink announces three new acquisitions

Regulation

Insurers’ association advocates for retaining employer control over benefits

Health insurance fraud constantly on the rise

Surety association raises concerns about information underpinning recent policy

Artificial intelligence can help insurers’ streamline claims processing

Special risks

State of risk landscape changing

Protection gap persists for intangible assets

Environmental perils emerging as leading morbidity and mortality drivers

Psychosocial risks remain a workplace issue

Strategy

Canadian application activity grows in April

The Insurance Portal’s evolution and innovations

Multi-cancer early detection tests expected to impact mortality rates

Navacord acquires travel insurance brokerage

Analytic

Agent fined for missed continuing education credits and lapsed liability insurance

Pension plan funding gains strength during first quarter

Great-West earnings up 61 per cent for the first quarter of 2024

Exchange-traded fund assets surge ahead of hedge fund industry assets