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News

Insurance Business
insurancebusinessmag.com > ca > news > catastrophe > manitoba-heat-wave-sets-records-forces-event-cancellations-as-insurers-watch-a-growing-risk-582262.aspx

Manitoba heat wave sets records, forces event cancellations as insurers watch a growing risk

1+ week, 19+ hour ago   (274+ words) A stiflingly hot weekend that set multiple temperature records across Manitoba and forced the cancellation of outdoor events is the latest example of a risk Canadian insurers said they can no longer treat as occasional: extreme heat cutting across event…...

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insurancebusinessmag.com > ca > news > catastrophe > flooding-tops-canadians-summer-storm-fears-new-survey-finds-581615.aspx

Flooding tops Canadians' summer storm fears, new survey finds

1+ week, 6+ day ago   (309+ words) As Canada enters the heart of summer storm season, new analysis from First Onsite Property Restoration's annual Weather and Property Survey shows Canadians remain highly concerned about flooding, severe storms, tornadoes, and other climate-related weather risks. Those concerns are backed…...

Insurance Business
insurancebusinessmag.com > ca > news > catastrophe > heat-waves-are-reshaping-canadas-climate-risk-picture-insurers-say-581030.aspx

Heat waves are reshaping Canada's climate risk picture, insurers say

2+ week, 5+ day ago   (448+ words) A heat wave gripping southern Ontario this week, with temperatures approaching 42°C with humidity and orange-level heat warnings in effect across much of the region, is a reminder of a risk category insurers have historically treated as background noise but…...

Insurance Business
insurancebusinessmag.com > ca > news > breaking-news > french-insurtech-alan-raises-480-million-to-challenge-canadas-group-benefits-incumbents-580389.aspx

French insurtech Alan raises €480 million to challenge Canada's group benefits incumbents

3+ week, 4+ day ago   (474+ words) French digital health insurer Alan has agreed a €480 million ($550 million) Series G funding round valuing the company at €5.5 billion ($6.3 billion), with Canada identified as the primary growth market for the fresh capital. The round is led by Prosus, one of…...

@InsuranceBizCA
insurancebusinessmag.com > ca > news > technology > quebec-auto-insurer-accused-of-hiding-500m-it-cost-overrun-565552.aspx

Quebec auto insurer accused of hiding $500M IT cost overrun

5+ mon, 4+ day ago   (411+ words) Quebec’s public auto insurer misled the provincial government and the public about soaring costs tied to its troubled online services platform, a public inquiry found, deepening a political and governance scandal around the SAAQclic project. Gallant’s 586‑page report found that…...

@InsuranceBizCA
insurancebusinessmag.com > ca > news > breaking-news > canada-lacks-formal-pathways-for-insurance-talent-says-york-professor-548191.aspx

Canada lacks formal pathways for insurance talent, says York professor

10+ mon, 2+ week ago   (607+ words) Canada’s insurance sector faces a looming talent crisis, but universities have done little to address it beyond actuarial science. That’s the concern raised by Dr. Edward Furman (pictured), professor at York University’s Department of Mathematics and Statistics, where he leads…...

@InsuranceBizCA
insurancebusinessmag.com > ca > news > breaking-news > quebec-auto-insurance-scandal-raises-concerns-over-public-system-stability-548231.aspx

Quebec auto insurance scandal raises concerns over public system stability

10+ mon, 2+ week ago   (282+ words) Quebec Premier François Legault testified Tuesday that he was not informed about hundreds of millions in cost overruns at the province’s auto insurance board, a scandal now raising questions about the governance and stability of one of Canada’s largest public…...

@InsuranceBizCA
insurancebusinessmag.com > ca > business-news > auto-board-scandal-quebec-says-police-will-have-easier-time-obtaining-documents-547897.aspx

Auto board scandal: Quebec says police will have easier time obtaining documents

10+ mon, 3+ week ago   (500+ words) Quebec's auto insurance board is going to make it easier for police to obtain documents in their investigation into hundreds of millions of dollars in cost overruns at the state-owned corporation, Transport Minister Geneviève Guilbault said Thursday. In a post…...

@InsuranceBizCA
insurancebusinessmag.com > ca > business-news > quebec-premier-to-testify-at-inquiry-into-500m-cost-overrun-at-auto-board-547562.aspx

Quebec premier to testify at inquiry into $500M cost overrun at auto board

10+ mon, 3+ week ago   (424+ words) Quebec Premier François Legault has been called to testify at the public inquiry into the cost overrun scandal at the province’s auto insurance board. Legault's office and the Gallant Commission confirmed the premier will appear Sept. 2 at the inquiry, which…...

@InsuranceBizCA
insurancebusinessmag.com > ca > news > auto-motor > quebec-auto-insurance-board-lifts-secrecy-rules-548085.aspx

Quebec auto insurance board lifts secrecy rules

10+ mon, 2+ week ago   (284+ words) Quebec's auto insurance board has suspended its secrecy policies and will release documents to anti-corruption investigators and a public inquiry examining cost overruns tied to its digital platform, SAAQclic. The Société de l’assurance automobile du Québec (SAAQ) confirmed its board…...