Tag Archives: insurance
Risk experts say climate change to take big chunk of Canadian economy by 2050
Canada will be more than $100 billion poorer by 2050 if the world doesn't work harder to fight climate change, says one of the world's largest insurers. That anticipated drop in GDP is much higher than the economic effect the COVID-19
B.C. applying for stay in court ruling on auto injury claims: Eby
VICTORIA — British Columbia is applying for a partial stay in a recent B.C. Supreme Court ruling about jurisdiction over motor vehicle injury disputes, pending its appeal of the same decision, Attorney General David Eby said this week. The March 2
B.C. auto insurance rebate cheques delayed after ‘criminal’ cyberattack: minister
VICTORIA — The minister responsible for British Columbia's public auto insurance agency says a "criminal" cyberattack will delay COVID-19 rebate cheques that were supposed to be in the mail this week. Mike Farnworth says the Insurance Corporation of B....
B.C. auto insurance rebate cheques delayed after ‘criminal’ cyberattack: minister
VICTORIA — The minister responsible for British Columbia's public auto insurance agency says a "criminal" cyberattack will delay COVID-19 rebate cheques that were supposed to be in the mail this week. Mike Farnworth says the Insurance Corporation of B....
B.C. auto insurance rebate cheques delayed after ‘criminal’ cyberattack: minister
VICTORIA — A "criminal" cyberattack will delay COVID-19 rebate cheques that were supposed to be in the mail this week, says the minister responsible for British Columbia's public auto insurance agency. Mike Farnworth said Thursday the Insurance Corpor...
B.C. drivers to receive COVID-19 insurance rebate cheques averaging $190 next month
VICTORIA — Almost three million drivers in British Columbia will receive COVID-19 insurance rebate cheques next month that average about $190 each, Premier John Horgan said Tuesday. The Insurance Corporation of British Columbia will return $600 millio...
No easy solutions to complex problem of high condo insurance premiums: B.C. report
VANCOUVER — A Crown corporation that regulates British Columbia's private-sector insurance companies says an average 40 per cent increase in condo insurance premiums resulted from various factors including risks that insurers face from earthquakes, wil...
Change made to insurance for B.C. condo owners amid rising premiums
VICTORIA — Insurance companies in British Columbia have agreed to end a pricing practice that has been identified as one of the key factors in skyrocketing property insurance premiums for condominiums. Earlier this year, the B.C. Financial Services Au...
Alberta panel recommends no-fault auto insurance to address rising, costly premiums
EDMONTON — A government panel is recommending a fundamental overhaul of automobile insurance in Alberta to move away from costly, protracted court fights to a collaborative no-fault model. Chris Daniel, who heads the panel, says the change is critical ...
B.C. amends law in effort to address sky-high condo and townhouse insurance
VICTORIA — The B.C. government has announced regulatory changes aimed at bringing more transparency to condo insurance premiums that have risen by as much as 40 per cent. The Finance Ministry says effective Nov. 1, insurers or insurance ...