Competitive pressures in certain segments are expected to limit premium increases in the property and casualty insurance
Comments due by February 10, 2025.
Non-peak perils – floods, wildfires and thunderstorms – fuel rising loss trends.
2024 set to become hottest year on record.
Insurers and claimants must make the switch before May 7, 2025.
The claims ratio for personal insurance products in Canada climbed considerably during the third quarter.
Benefits paid were significantly higher than the previous two years.