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News
Ontario storms cause $360 million in damage as St. Catharines declares emergency
3+ day, 8+ hour ago (481+ words) Severe storms that hit parts of Ontario on July 27 to 28 and August 1 to 3 caused an estimated $360 million in insured damage, according to initial figures from CatIQ. The storms brought intense rainfall and flash flooding to the Niagara Region, including St....
Spectrum fire victims still waiting two years on - and insurance is why
2+ week, 4+ day ago (486+ words) Insurance Business Spectrum fire victims still waiting two years on - and insurance is why Freeholder insolvency has frozen insurance proceeds, leaving leaseholders paying mortgages on a demolished building Two years after the Spectrum Building in Dagenham burned down, more than…...
Why some Ontario newcomers pay triple for car insurance
2+ week, 5+ day ago (517+ words) A sample quote comparison from Ontario brokerage Mitch Insurance showed a real, substantial premium gap facing newcomers to the province. For three fictional 45-year-old Toronto drivers with identical clean records, driving a 2024 Mazda CX-5: a Canadian-born driver insured one year with…...
Listing your cottage on Airbnb without telling your insurer could cost you your claim
3+ week, 5+ day ago (368+ words) Cottage owners renting out their properties for extra income may be putting their insurance at risk without realizing it, because the moment a cottage is listed for short-term rental the coverage on it changes – and an owner who does not…...
Meta's insurers already won't defend it, and design-based liability claims may be why
3+ week, 6+ day ago (445+ words) A jury trial beginning this week, in which 30 US states are seeking more than $1 trillion in damages from Meta over alleged harm to young users, is unfolding against a coverage landscape that has already shifted decisively away from the company....