The insurance industry’s black box

P&C reserves running low after tough 2018

By: Luke Jones|April 18, 2019|4:54 pm

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Property and casualty insurance companies in Canada are experiencing a reserve shortage after the industry reserves dipped to a seven-year low in 2018. The MSA Q4 2018 Quarterly Outlook shows…

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WeGoLook Appraisal Sharing Economy Service for Auto and Home comes to Canada

By: Luke Jones|April 17, 2019|1:17 pm

The digitizing of home and auto insurance appraisals has arrived in Canada thanks to a sharing-style platform. Delivered by WeGoLook, the online and mobile platform is a sharing-economy solution that…

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First Nation awaits relocation following spring floods

By: Luke Jones|April 17, 2019|1:14 pm

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A First Nation community that was impacted by spring floods in northern Ontario will be relocated, the government promised this week. Spring floods were stronger than normal at the Kashechewan…

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These easy steps can protect homeowners from basement flood risk

By: Luke Jones|April 16, 2019|4:50 pm

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A recent Waterloo University’s Intact Centre on Climate Adaptation report highlighted the main issues facing homes at risk from basement flooding. The multi-year project found Canadian homeowners are ignoring some…

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Ontario Budget proposals should appeal to auto insurance customers says IBC

By: Luke Jones|April 16, 2019|12:04 pm

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Motorists in Ontario may appreciate the value of a proposed change announced in the province’s 2019 Budget regarding auto insurers. The Insurance Bureau of Canada (IBC) says Ontarians want an…

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Study highlights common problems causing increased basement floods

By: Luke Jones|April 15, 2019|4:27 pm

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Homeowners in Canada could better protect their homes from risks of basement floods. According to a new report, all it would take is a bit of knowledge and a small…

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Collaboration vital to combat insurance fraud says industry expert

By: Luke Jones|April 13, 2019|6:34 am

Insurance fraud is a problem facing consumers, insurance companies, and governments and only a collaborative effort will result in meaningful changes. Industry professionals say insurance companies must work with government…

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Ontario budget proposes changes for auto insurance

By: Luke Jones|April 12, 2019|6:02 pm

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Ontario’s government has set out plans to make credit scores one determining factor in the province’s auto insurance rates. Additionally, in the 2019 Budget, the government proposed a doubling of…

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Aviva Canada targets simplified claims model

By: Luke Jones|April 12, 2019|10:47 am

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Aviva Canada says it has simplified its claims process by working directly with regulators across Canada’s provinces. The company says customers now receive claims on their insurance more easily thanks…

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IBC head calls for openness in disaster mitigation funding and improved industry sharing

By: Luke Jones|April 12, 2019|10:30 am

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Don Forgeron, CEO of the Insurance Bureau of Canada (IBC), says the government must simplify the process of gaining funds for flood mitigation projects. Furthermore, insurance companies can do better…

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