Each year, EY publishes our Canadian property and casualty insurance outlook, where we take the pulse of the industry and note what challenges – and opportunities – are in store for the year ahead. It’s fair to say the industry…
Read more →If we as an industry are to have any shot at all of reducing the impact of sewer backup and basement flooding, we have to start cutting through the myths, misinformation, exaggeration, conventional wisdom and everything else that is getting…
Read more →Whenever a large natural hazard event takes place and things didn’t quite go as desired (and they seldom do), you can bet that you will hear from certain quarters that the storm/flood/wildfire/earthquake “was just too big, there was nothing we…
Read more →I received a current SCOR report today that showed the 2013 results of 19 insurance companies representing about $11 billion in written premiums, about 25% of the total in Canada. The interesting thing is that their combined ratio was over…
Read more →The impact of water damage on property insurance results has drawn the attention of the Canadian Institute of Actuaries. As noted by the Insurance Bureau of Canada, one out of every two dollars paid for homeowners insurance goes to cover…
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