“Insurance is all about risk and losses. If you’ve changed your risk and underwriting criteria and made it tighter, you’ll have lower loan losses.”
Category: Home Insurance
Data from Allstate Canada finds kitchen fires in Quebec accounted for 35 percent of insurer’s kitchen fire claims
“Prevent Kitchen Fires” – that’s the message of this year’s Fire Prevention Week. Did You Know: Cooking oil and grease fires are a major cause of residential fires in Canada
Homeowners insurers in recent years have done a better job portraying coverage as a value sale, evidenced by increases in consumer satisfaction with policy offerings, according to an insurance expert with J.D. Power & Associates
This month marks the 10th anniversary since Hurricane Juan hit Nova Scotia and Prince Edward Island on September 28, 2003. To mark this event, Insurance Bureau of Canada (IBC) reminds Canadians of the importance of taking preventive measures aimed at minimizing the impact of natural disasters.
unanimously agreed Canada will see more such disasters due to intense rains caused by climate change, making comprehensive flood insurance unavailable to homeowners.
“Burglars target unoccupied homes that provide easy access to the house and low visibility,” says Patricia Stirling, BCAA director of Insurance Underwriting. “These conditions are most common during the summer vacation period making many homes easy targets for thieves.”
Preliminary insured losses released in the most expensive natural disaster in Ontario history.
If you suspect that you may be a victim or target of a scam or fraud, you are not alone and you can help put an end to the scam or fraud by reporting it.
One policyholder was convinced that her housekeeper had damaged a 12-piece collection of paintings by a very prominent artist.
FSCO has been informed that a company or individual identifying themselves as “Sentel Insurance” has been placing phone calls to regulations(RBC) clients. The calls come from the phone number 587-880-4306, and ask for the recipient’s personal information for the purposes of offering identity theft protection insurance on behalf of RBC.
“By working with our policy holders and taking a close look at the damage to their homes, we’ve learned more about what can make a property vulnerable to damage caused by a wildfire. That’s why we encourage homeowners to take the time now, to practice good fire prevention measures.”
“Our government wants to help rebuild safer homes and stronger communities,” said Doug Griffiths, Minister of Municipal Affairs. “We have worked hard to find practical ways homeowners and small businesses can better protect their property from flood damage in the future.