Tag Archives: insurance
B.C. flood survivor warns others to check insurance amid rising climate disasters
MERRITT, BRITISH COLUMBIA — A survivor of British Columbia's catastrophic floods last year is warning others to check their insurance policies after she said she received a payout of only $30,000 when her home, assessed at $414,000, was destroyed. Pam ...
Budget 2022: Ottawa raising taxes on big banks and life insurance companies
Ottawa is raising taxes on Canada’s big banks and life insurance companies. The government says the country’s major financial institutions made significant profits during the pandemic and have recovered faster than other parts of the economy — in part...
Banking industry says it will need to diligently implement emergency orders
TORONTO — Canada's banking industry says it will follow through with the federal government's emergency orders targeting the trucker protesters as discussions on how best to implement them continue. The government published details late Tuesday on th...
Delays push cost to rebuild fire-damaged Lytton, B.C., to $102M: insurance bureau
VANCOUVER — Insurance losses from a wildfire that wiped out most of Lytton, B.C., have surged to $102 million. The Insurance Bureau of Canada says the amount has risen from an original estimate of $78 million mostly because of delays in
Property insurers update risk modelling as Canada braces for climate impacts
VANCOUVER — The estimated $78 million in insured property damage from the wildfire that devastated the community of Lytton, B.C., in June is a fraction of the rising costs of disasters fuelled by climate change, the Insurance Bureau of Canada
Second auto insurance rebate coming in B.C. as pandemic prompts crash savings
VICTORIA — A second insurance rebate is coming for British Columbia drivers thanks to lower claim costs due to fewer crashes during the COVID-19 pandemic. The government says the Insurance Corporation of B.C. will begin distributing rebates averaging ...
Fairness officer role approved as ICBC launches enhanced care auto insurance
VICTORIA — The Insurance Corporation of British Columbia has created a new position aimed at ensuring the Crown-run auto insurer makes fair and transparent decisions related to its newly launched enhanced care plan. A statement from the Ministry of Pub...
Cheque is in the mail: Insurance rebates coming to Saskatchewan drivers
REGINA — Saskatchewan's Crown-owned insurer says it will start mailing rebates on vehicle insurance this week. Saskatchewan Government Insurance says 709,000 cheques are to be sent out. The rebates apply to all vehicles, motorcycles, trailers and snowm...
Risk experts say climate change to take big chunk of Canadian economy by 2050
One of the world's largest insurers says Canadians will be more than a $100 billion poorer by 2050 if the world doesn't work harder to fight climate change. Swiss Re, a multinational corporation that insures insurance companies, says that's much highe...
Risk experts say climate change to take big chunk of Canadian economy by 2050
One of the world's largest insurers says Canadians will be more than a $100 billion poorer by 2050 if the world doesn't work harder to fight climate change. Swiss Re, a multinational corporation that insures insurance companies, says that's much highe...