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Support systems for extreme weather emergencies called unfair and outdated

Large scale and compounding disasters in British Columbia exceeding the capacity of current programs.

SOCIETY | October 10 2023 10:58AM
Definity says catastrophe losses will impact operating income

Company warns that it has fully utilized its catastrophe aggregate reinsurance treaty limit for 2023.

P&C | October 10 2023 10:50AM
August wildfires the costliest insured event ever recorded in British Columbia

Okanagan and Shuswap fires also the tenth costliest event in Canadian history.

P&C | October 05 2023 10:48AM
Alberta and Prairie storms cause more than $300-million in insured losses

Industry pressured by increasing losses and current provincial rate pause.

P&C | September 21 2023 10:45AM
Swiss Re calls for a rebalancing of the insurance value chain

Expects non-life reinsurance market to grow, thanks to new risk pools and continuous rate adjustments.

P&C | September 19 2023 10:47AM
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C.D. Howe fellow argues for political will to address climate adaptation

Open letter calls for a stop to construction in risky areas, government support for high-risk properties.

SOCIETY | September 19 2023 10:23AM
Munich Re says underwriting matters more as reinsurance capacity recovers

Experts warn it would be naïve to hope the last five years of losses have been exceptions.

P&C | September 18 2023 10:29AM