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News

Insurance Business
insurancebusinessmag.com > ca > news > catastrophe > ontario-storms-cause-360-million-in-damage-as-st--catharines-declares-emergency-589414.aspx

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....

Insurance Business
insurancebusinessmag.com > uk > news > property-insurance > spectrum-fire-victims-still-waiting-two-years-on--and-insurance-is-why-587530.aspx

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…...

Insurance Business
insurancebusinessmag.com > ca > news > auto-motor > why-some-ontario-newcomers-pay-triple-for-car-insurance-587479.aspx

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…...

Google News
insurancebusinessmag.com > ca > news > property-insurance > listing-your-cottage-on-airbnb-without-telling-your-insurer-could-cost-you-your-claim-586377.aspx

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…...

Insurance Business
insurancebusinessmag.com > us > news > claims > metas-insurers-already-wont-defend-it-and-designbased-liability-claims-may-be-why-586433.aspx

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....