A Pretty Penny: Alberta insurers earned $1.32 billion more than they paid in 2020, report says

Edmonton, Alberta — A new report from Alberta’s superintendent of insurance shows that insurers in the province earned $1.32 billion more in premiums than they paid in claims in 2020, representing a widening gap between premiums and claim payouts. According to the Superintendent of Insurance 2020 Annual Report, Albertan insurers collected $5.81 billion, about $400 […]

Blown Away: Ontario’s Dec. windstorm damage more than $150 million, IBC says

Toronto, Ontario — Numbers have started rolling in tallying up the destruction caused by the windstorm that blew through Quebec and eastern Ontario in December with the Insurance Bureau of Canada (IBC) reporting more than $152 million in insured damage. The IBC broke down the damage regionally, reporting more than $100 million in Ontario, more […]

Grand Theft Toronto: Toronto Police called on to rebuild auto theft unit

Toronto, Ontario — City council is calling on the Toronto Police Services Board to form a unit aimed at addressing the rising tide of auto theft that Toronto has been in the midst of for the past several years. On Friday, council voted to put the issue before the police board, specifically requesting it to […]

Future-Proofing: B.C. atmospheric rivers caused estimated $450 million in insured damage

Vancouver, British Columbia — Experts are putting the damage incurred from past weeks’ atmospheric river weather in British Columbia around the $450 million mark, according to preliminary estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The weather event that began on Nov. 13 and lasted over two weeks is expected to be the most costly […]

Barrie Unburied: IBC estimates $100 million in insured damage from Barrie tornado

Barrie, Ontario — New estimates from the Insurance Bureau of Canada show that Barrie, Ont. and its surrounding communities were hit harder by July’s tornado than previously thought, as the city continues rebuilding the newly estimated $100 million in insured damage. On July 15, a tornado swept through Barrie and its neighbours of Innisfil, Kawartha […]