News
Posthaste: Insurance premiums are surging in Canada — especially in these cities
3+ hour, 11+ min ago (812+ words) Insurance costs are surging in Canada, pushing this household expense up from just a "background bill to a core cost-of-living pressure," says a new report. Seventy-five per cent of households in the country reported premium increases in auto and home…...
Florida insurer denies $100K vandalism claim — what Canadian snowbirds should know before buying U.S. property
1+ mon, 1+ week ago (1220+ words) Owning property in Florida is a dream for many Canadians " especially snowbirds eagerly escaping Canada's cold winters for a much needed balmy retreat. But a Florida landlord's recent battle with his insurance company shows how fast that dream can become…...
Alberta’s auto insurance cap is squeezing insurers — and more drivers are feeling it, too
1+ mon, 3+ week ago (685+ words) Auto insurers in Alberta paid out significantly more in claims and expenses than they collected in premiums last year, underscoring growing strain in the province's insurance market, and raising fresh questions about what drivers could face next. According to a…...
Many insured homeowners are still financially exposed, new national study finds
2+ mon, 2+ week ago (826+ words) For many Canadian homeowners, an insurance policy doesn't necessarily mean you're financially protected. A new national study has found that even among mortgage holders with insurance coverage, financial vulnerability is widespread, and confidence in that protection is often thin, especially…...
Insurance Bureau of Canada welcomes passing of Alberta's Bill 47, the Automobile Insurance Act
10+ mon, 2+ day ago (284+ words) Government needs to move urgently to implement new model by 2027 EDMONTON, AB, May 15, 2025 /CNW/ - Today, Bill 47, the Automobile Insurance Act, was given Royal Assent in the Alberta legislature. After the legislation was passed into law, Aaron Sutherland, Vice-President, Pacific and…...
Vox Royalty Set to Join Russell 3000, Russell 2000 and Russell Microcap Indexes
9+ mon, 3+ week ago (141+ words) FTSE Russell, a leading global index provider, manages the Russell indexes, which are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. For more information on the Russell 2000" Index, Russell 3000" Index,…...
Ontario and Quebec ice storm causes $342 million in insured damage
10+ mon, 2+ week ago (515+ words) The frequency and severity of flooding and extreme weather in Ontario, Quebec and across Canada continue to increase each year. IBC is collaborating with the provincial and federal governments to help find solutions to mitigate the risks of severe weather…...