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 […]
Considerate Claims: Alberta to allow not-at-fault drivers to pursue claims through own carrier
Edmonton, Alberta — Changes are on the way for the Alberta auto insurance industry as the provincial government announced new measures to streamline claims processing for not-at-fault drivers. Starting Jan. 1, drivers will be able to claim vehicle damage that they are not responsible for to their own insurance company and not that of the […]
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 […]
More than a Drizzle: Summer storms in the prairies total $120M in damage, according to IBC
Edmonton, Alberta — The Insurance Bureau of Canada (IBC) has been tallying up damage costs and has found that the prairies have taken a hit of $120 million in insured damage this summer, following two significant storms. Strong winds, hail and rain on July 22 caused $56 million in insured damage, while severe storms on […]
Holy Hail: Calgary hailstorm caused $247 million in insured damage, according to estimates
Calgary, Alberta — The hail storm that hit Calgary over a month ago caused $247 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). On July 2, Calgary experienced extensive flooding of streets, underpasses, and parking lots. There were also reports of a damaged gas line, downed trees, and sewer […]
Fraud Stoppers: Terri O’Brien appointed as CEO of anti insurance fraud organization
Toronto, Ontario — Terri O’Brien has been appointed as the CEO for Équité Association, the Canadian insurance industry’s first corporation dedicated to eliminating insurance crime. O’Brien brings over 25 years of experience of financial services to her new role. Prior to Équité, O’Brien was Chief Risk Officer (CRO) at Pace Credit Union, CRO at Interac […]
A Different Type of Twisted: Collision repair shops deal with aftermath of Barrie, Ont. tornado
Barrie, Ontario — Last Thursday a tornado swept through Barrie, destroying homes, vehicles and virtually anything standing in its five kilometre long and up to 100 metres wide path. Since then, collision repair shops such as CSN Zenetec and Fix Auto Barrie North have been dealing with the aftermath. “The claims started coming in the day […]
CAMP comes to Calgary: IBC deploys Virtual Community Assistance Mobile Pavilion to assist residents of Southern Alberta
Calgary, Alberta — Following the hailstorm in Calgary and the surrounding area, the Insurance Bureau of Canada (IBC) has deployed its Virtual Community Assistance Mobile Pavilion (CAMP) to assist affected residents. IBC deploys CAMP to disaster sites that have significant insured damage. Canadians who are suddenly forced to cope with a damaging event – such […]
Allstate Aboard: Ryan Michel appointed Chair of Board for Insurance Bureau of Canada
Toronto, Ontario — The Insurance Bureau of Canada (IBC) recently elected Ryan Michel, president and CEO of Allstate Insurance Company of Canada as the Chair of its Board of Directors. “Through IBC, we will continue to engage governments and stakeholders to turn challenges into opportunities to benefit Canadian consumers. I look forward to continuing this […]
