Easy at 1-2-3: Aviva sees 123 percent increase in fraudulent motor vehicle damage claims in 2023
Toronto, Ontario — Aviva experienced a significant increase in fraudulent motor vehicle damage claims in 2023 compared to the year prior, a recent report from
Tech Trends: Insurers employ new technology as leading strategy for industry issues, says Reuters report
Toronto, Ontario — Insurers are adopting technology like generative artificial intelligence as a leading strategy against industry challenges, according to a new report from Reuters.
Flooding Fallouts: July flash floods in Toronto and Southern Ontario caused over $940 million in insured damages, reports IBC
Toronto, Ontario — According to the Insurance Bureau of Canada, the flash flooding that took place in Toronto and other parts of Southern Ontario between
Hunger Pains: Intact says its ‘appetite’ in Alberta auto insurance market reducing
Edmonton, Alberta — Intact Financial Corp says its appetite for Alberta auto insurance business is “reducing” in light of the provincial auto insurance rate cap.
Surplus Surges: Desjardins reports 152 percent increase in insurance surplus earnings for Q2 2024
Toronto, Ontario — Desjardins Group has released its Q2 2024 results, which report a 152 percent increase in its insurance operations when compared to Q2
Insurance Insights: MPI seeking consumer and industry feedback on current insurance models
Winnipeg, Manitoba — Manitoba Public Insurance (MPI) is currently seeking public and industry feedback on insurance rate changes that would reward safer driving and make
Healing from Hail: IBC ready to help following destructive hailstorm in Calgary
Calgary, Alberta — The Insurance Bureau of Canada (IBC) has reported that it is ready to help those recover from a destructive hailstorm that occurred
A Catastrophic Calendar: IBC reports insured losses from Nova Scotia’s 2023 wildfires and flooding now approaching half a billion dollars
Halifax, Nova Scotia — The Insurance Bureau of Canada (IBC) has released a “One-Year Update Following 2023 Nova Scotia Wildfires and Flooding” report that details
Policy Problems: Profitability issues challenge Alberta insurers; authorities seek solutions
Edmonton, Alberta — The Alberta insurance market is facing significant challenges, leading to the withdrawal of several major auto insurance providers from the province. Earlier
Reporting Resources: ASSI launches site for collision reporting from home in Ont., Alta., P.E.I.
Toronto, Ontario — Accident Support Services International Ltd (ASSI) has announced its “Start From Home” online service to allow citizens who have been involved in
Flooding Fixes: FSRA allowing licensed adjusting firms to use claims adjusters licensed outside of Ontario as response to recent Toronto flash-flooding
Toronto, Ontario — The Financial Services Regulatory Authority of Ontario (FSRA) has implemented temporary measures to allow claims adjusters to process insurance claims more quickly,
Payment Proposals: Conseil D’Experts Sur Les Contributions D’Assurance Automobile reveals recommendations for the creation of streamlined insurance categories for commercial vehicles
Quebec City, Quebec — The Counseil D’Experts Sur Les Contributions D’Assurance Automobile has announced that an expert panel on Quebec auto insurance has welcomed a
