Category : Insurance


Staged Collisions Rise as Auto Theft Falls, Fraud Grows

Insurance companies report a nearly 400% increase in staged collisions in 2025, linked to organized crime, while auto thefts decline by 18% nationwide. Experts warn drivers to stay vigilant against fraudulent schemes.

iA Financial Eyes Major U.S. Deals as AI Shakes Insurance Sector

Canadian insurer iA Financial Corp. is pursuing multibillion-dollar acquisitions in the U.S. life insurance market, leveraging $1.4 billion in excess capital. CEO Denis Ricard addresses AI disruption concerns while highlighting the firm's record valuation

B.C. Court Orders ICBC to Accept Hit-and-Run Claim

The B.C. Court of Appeal has reversed a lower court decision, ordering ICBC to allow a lawsuit by three individuals injured in a hit-and-run accident, finding they weren't required to conduct futile investigations.

42% of Canadians Lack Life Insurance: Survey

A new survey highlights a significant gap in financial protection, with nearly half of Canadian adults reporting they do not have life insurance, raising concerns for families and dependents.

Auto Insurers Pressure Alberta Premier on Rate Caps

Insurance companies in Alberta are intensifying their campaign against Premier Danielle Smith's government over caps on auto insurance premium increases, threatening market withdrawal if restrictions remain.

Aging Homes Push Up Insurance Premiums in Canada

A new report reveals Canada's aging housing stock is contributing to rising home insurance costs, with premiums outpacing inflation in most provinces and three cities identified as high-risk areas.

Air Canada Not Liable for $5K Oatmeal Burn Claim

A B.C. tribunal ruled Air Canada does not owe compensation to a man who suffered burns from oatmeal at a Vancouver airport lounge, citing legal standards under aviation and liability acts.

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