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Some Albertans prefer current “at fault” automobile insurance system

By Kate McCaffery | April 9, 2024, 10:18 a.m.

Photo: Unsplash

Association calls out research sponsor for not offering affordability solutions.

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Representative sanctioned for removing client from policy without authorization

Commercial truck driver training lacking

National Flood Insurance Program promised again in budget

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Headlines

Beneva’s profits up 149 per cent in 2023

Canada’s risk aversion causing country’s innovation paradox

Alberta opens consultation on auto insurance reform

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Flash

Canada’s risk aversion causing country’s innovation paradox

Alberta opens consultation on auto insurance reform

Pension plans ramp up risk reduction transactions

Canadian after-tax incomes decreased in 2022

P&C Insurance

Beneva’s profits up 149 per cent in 2023

Fallout of a cyber catastrophe modelled by reinsurer

Inactive agent with an active license fined for not maintaining liability insurance

Supervisors fined when licensee leaves client uninsured for months

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

FAIR CANADA

Regulators announce establishment of new Investor Advisory Panel

OSC to fund FAIR Canada’s day-to-day operating expenses

Former OSC director named ED of FAIR Canada

FAIR Canada adds to board

INSURANCE BUREAU OF CANADA (IBC)

Quebec flood zone map raises concerns even before its release

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

Majority of insured protected by Alberta’s grid cap are not new drivers

Auto insurance legal costs highest in Alberta

Distribution

Average fund fees declined following implementation of disclosure rule amendments

Wholesalers have growth ambitions

Direct simplified issue offerings benefit advisors eventually

Income inequality gap widens in 2023

Special risks

Nova Scotia adopts association’s short and long-term disability templates

Close to one-in-ten seniors worked out of necessity in 2022

Natural catastrophe losses globally exceed $43-billion

Agent who defrauded retired couple banned from securities registration

Analytic

Your client’s concerns in 2024

Harnesssing group insurance data: The Power of statistics

Insurers boosted by simplified issue insurance sales

Tips for increasing your firm’s value

Indemnisation

New tool available to help municipalities mitigate flood risk

Electric vehicle drivers should expect to pay more for insurance

Reinsurers expected to bear the financial brunt of Baltimore ship-bridge collision

Insurance and collision repair industries being reshaped in the United States

Claims

The number of stolen vehicles in Canada remained stable in 2023

New Jersey Supreme Court finds in favour of insurers in business interruption case

An average year for property and casualty Insurers in 2023

Population growth continues in coastal and low-lying areas