Ontario Insurance News Roundup for October 25, 2021
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The Ontario Insurance News Roundup for the week of October 25, 2021 looks at high flood areas, usage based insurance, cyber security, and top insurance companies in Ontario.
Seven years after a T-bone collision fractured Krystal Mann’s pelvic bone, the Windsor, Ont., resident remains in severe pain after surgery on her tailbone.
These are the top 10 property/casualty insurance companies in Canada. – Insurance Business Canada
The nation’s top 10 property/casualty insurance companies claimed two-thirds of the total market and wrote more than $43.1 billion in premium in 2019, according to the Insurance Bureau of Canada’s 2020 Facts report.
Allianz warns of “ransomware pandemic” – Insurance Business Canada
As countries around the world continue to grapple with the COVID-19 pandemic, another outbreak has taken place in the cyber world, according to Allianz Global Corporate & Specialty (AGCS). The specialty insurer is referring to the digital pandemic driven by ransomware.
Survey shows only 57% of Canadians have heard of UBI – Insurance Business Canada
It’s been around for nearly a decade, but usage-based insurance (UBI) has only recently seen an increase in attention as the pandemic has changed driving habits for the long run.
Canadians unknowingly building homes in areas of high flood, wildfire risk – report – Insurance Business Canada
A new report from the Canadian Institute for Climate Choices (CICC) has found that Canadians are largely unaware that they are building homes and infrastructure in areas that are at high risk of wildfire, flooding, and other natural disasters brought about by the impacts of climate change.
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