An analysis of first-half results for Intact, Definity, Fairfax, and Trisura.
This is the second event during the Summer of 2024 where insured damage costs have been estimated at several hundred mil
Like other property and casualty insurers, the company has seen improved results due to fewer major climate-related loss
Some insurers have responded to an activist investor group's report about their involvement in fossil fuels.
Six of the seven major Canadian insurers analyzed held assets totaling $19.5 billion in the fossil fuel sector in 2023.
Company will no longer issue new or renewal auto policies in the province after December 13.
The company released its financial statements for the first quarter of fiscal 2024 on May 10.