Toward a Safer Nova Scotia
|
|
- Mercy Cross
- 5 years ago
- Views:
Transcription
1 P.E.I. w wick Nova Scotia Toward a Safer Nova Scotia An update from Nova Scotia s home, car and business insurers
2 The year 2013 posed a tremendous challenge to Canadians from coast to coast with catastrophic floods in Alberta and Ontario, a deadly train derailment in Quebec and an ice storm that left many in Ontario and Atlantic Canada without power. The property and casualty (P&C) insurance industry responded quickly to help people recover from these events. Insurance Bureau of Canada (IBC) the voice of the P&C insurance industry takes its leadership role seriously in making communities more resilient. To advance our work, we collaborate with federal, provincial and municipal governments and other stakeholders. The launch of IBC s municipal risk assessment tool (MRAT) and an IBCcommissioned earthquake impact study are examples of the industry s efforts to help Canadians prepare for the biggest risks they face. Beyond managing risk, providing peace of mind and paying billions of dollars in claims, the P&C insurance industry employs tens of thousands of Canadians and promotes economic development. The industry also advocates for improvements in financial literacy, emergency preparedness and severe weather adaptation. We take pride in sharing in the collective responsibility to keep people safe, whether they are at home or on the road. Amanda Dean Vice-President, Atlantic This publication provides a summary of our efforts to help build a stronger, safer Nova Scotia. 2
3 Car insurance is working in Nova Scotia Over the last decade, Nova Scotians have benefited from affordable, effective car insurance. Since the government introduced reforms in 2003, average premium costs have dropped 26% from $1,069 in August 2003 to $788 in October Today, Nova Scotians enjoy some of the lowest car insurance rates in the country. In 2013, the provincial government successfully completed a two-year, multi-phase reform of car insurance. (This followed the 2010 changes to the minor injury general damages cap.) The changes increase the amount of benefits and compensation available to people injured in collisions, simplify the claims process and provide more effective rehabilitative care. These improvements help everyone on Nova Scotia s roads. IBC and the private insurers serving Nova Scotia are pleased to continue to work alongside the government to ensure smooth implementation of the reforms. As it stands today, car insurance is a wellbalanced product, providing good benefits and a stable cost structure for customers. In any reform process, there is always some uncertainty about the true impact of the changes, because it often takes years to fully understand their effects. IBC and insurers will work closely with the government to monitor the effects of the reforms, address any unforeseen issues and help keep the system working well for Nova Scotians. Nova Scotia - Average auto premiums * $1,100 $1,069 $1, % $900 $800 $788 $700 AUG OCT *average written premium by entry month ($) Source: IBC, GISA 3
4 Adapting to Severe Weather and Natural Disasters Severe weather took a devastating toll on Canadians in After each crisis, the insurance industry worked quickly to process and settle claims to help people recover. All told, the industry paid out a record-breaking $3.2 billion to policyholders in 2013 for losses related to severe weather the highest amount in Canadian history. To help Canadians build resilience in the face of natural disasters, the P&C insurance industry focuses on preparing before a crisis as well as responding afterward. In 2013, the industry achieved two milestones in collaboration with federal, provincial and municipal governments and took other proactive steps to cultivate and maintain relationships with governments at all levels: IBC launched MRAT, a new ground-breaking technology, to help municipalities identify sewer and stormwater infrastructure vulnerabilities that could result in sewer backups and basement flooding. Municipalities will use the MRAT information to plan and prioritize infrastructure repairs. The city of Halifax continues to collaborate with IBC in developing MRAT, and Fredericton, NB, is one of the three MRAT pilot cities. IBC released a scientific study on the economic impact of a major earthquake in British Columbia and the Quebec City-Montreal-Ottawa corridor. An earthquake in either of these regions would have major economic implications for Atlantic Canada. IBC along with the P&C insurance industry is dedicated to working closely with governments and other stakeholders toward the development of a national response framework. In November, IBC Atlantic Vice-President Amanda Dean addressed attendees of the Red Cross Conference on Disaster Management and the fall conference of the Union of Nova Scotia Municipalities, which were both held in Halifax. She focused on strong partnerships and the role the P&C insurance industry has to play in disaster management. 4
5 Whether it s hurricanes, rainstorms or ice storms, Nova Scotians are increasingly under siege from severe weather and the damage it inflicts. The P&C insurance industry has a front row seat on the effects of our changing climate. Along with assisting to rebuild in the wake of disaster, the industry plays an active role in helping Nova Scotians protect themselves, their families and their property in the face of severe weather. During hurricane season in the Atlantic, as well as in advance of winter storms, IBC issued media releases that explained how to stay safe, how to prevent property damage and what typical insurance policies would cover if damage did occur. The releases also offered advice about starting the claims process and encouraged people to call IBC s Consumer Information Centre toll-free for insurance assistance. In 2013, IBC deployed its virtual CAMP (Community Assistance Mobile Pavilion) program to respond to nine severe weather events in Atlantic Canada, including flooding in Digby, NS, a tornado near Grand Lake, NB, and a forest fire in Wabush, NL. IBC worked with local governments, emergency management personnel, media and insurers to disseminate important insurance and safety information via traditional and digital media. Photo credit: Terry Small Digby residents were inundated following heavy rains in July
6 Empowering Consumers When Canadians know how their insurance works and have the right coverage, they can better protect themselves, their families and their property. IBC is committed to being a trusted source of insurance information. Here are some of our efforts in 2013 to help Canadians understand their insurance: Answered more than 66,000 inquiries at five consumer information centres across the country Issued 86 media releases and generated 9,599 articles Made effective use of social media, resulting in more than 37 million Twitter impressions and over 1 million visits to ibc.ca and getintheknow.ibc.ca Responded to 884 media calls and participated in 124 events, speaking engagements and sponsorships Used both traditional and social media to promote timely reminders about severe weather preparedness, water damage prevention, winter driving, insurance literacy, how to fight fraud and more Partnered with police forces and other organizations across the country, such as Crime Stoppers, to fight fraud and other insurance crimes. Insurance outreach: IBC is an important insurance resource for consumers and media. Here IBC Atlantic VP Amanda Dean speaks with Global News. 6
7 Keeping Communities Safe The P&C insurance industry is committed to building strong communities and working with like-minded partners to ensure the Atlantic region is resilient and thriving. Some examples of the industry s work in 2013 include the following: RED CROSS CONFERENCE ON DISASTER MANAGEMENT IBC was a platinum sponsor of the annual Canadian Red Cross Conference on Disaster Management held in Halifax from November 18 to 20, IBC Atlantic VP Amanda Dean was one of three participants in the Recovery Planning/Risk Management for Disaster panel, which discussed gaps in coverage and realities of insurance and government assistance in the face of catastrophes. PATNET In 2013, IBC launched the Provincial Auto Theft Network (PATNET) in Nova Scotia. Co-founded in 2010 by IBC and the Saint John Police Force in New Brunswick, PATNET connects police officers across the province with IBC s auto theft and fraud investigators. Through improved information sharing and specialized training sessions on auto theft issues, PATNET is helping the Atlantic police community fight auto theft and insurance crime in the region. Amanda Dean speaks at the Red Cross disaster management conference in Halifax. Nova Scotia police officers attended the PATNET Basic Vehicle Identification training seminar in Truro, NS, in September. The training session focused on vehicle identification and theft investigations. 7
8 Insurance 101 When people buy insurance policies, they put money into a pool to help the few who will suffer a financial hardship such as a house fire, car collision or business interruption in a given year. A premium is based on how likely it is that the purchaser will collect from the pool by making a claim. Insurers gather information that they know from experience will help them produce fair and accurate rates. Ask your insurance representative about your policies at least once a year. Did you know? Both federal and provincial governments closely regulate the insurance industry. Provincial governments oversee and must approve car insurance rates and coverages. Questions to ask your insurance representative: HOME CAR BUSINESS What does my policy cover? What are the limits? Are there any exclusions? Is there a specific kind of insurance for a house? A condo? An apartment? Are there risks for which I can t buy insurance? Is optional coverage available for risks not normally included in a regular policy? What can I do to keep my premiums down? What does my policy cover if I m involved in a collision? What optional coverage is available? Should I have collision insurance on an older car? What deductible amount is recommended? What can I do to keep my premiums down? What kind of insurance do I need? Are there perils for which I can t buy insurance? If my business is homebased, do I need special coverage? What does errors and omissions or malpractice insurance cover? What can I do to keep my premiums down? 8
9 Demystifying Insurance Despite the importance of insurance to their financial security, consumers are often unsure about what a premium represents and how it is calculated. Here are some factors that help insurers set premiums. car insurance: Claims history of policyholder Driving record of policyholder and other household drivers (at-fault collisions, moving violations, etc.) Vehicle type (make, model, year, etc.) Vehicle repair cost and/or replacement value Collision and crime rates where vehicle is usually parked Driving distance and frequency Additional coverage, deductible and discounts. Discounts may be offered for: Vehicles with loss prevention devices Drivers who have graduated from approved driver training courses Insuring two or more private passenger vehicles in the same household Combined coverage for existing insured clients (for example, car and home insurance) home insurance: Age, size and location of residence Type and quality of finishes and materials Residence replacement cost Residence type (single-family dwelling, apartment, etc.) Residence construction material used (brick, cement, etc.) Distance from fire hydrant and fire station Claims history of policyholder Crime rates of residence location Additional coverage, deductible and discounts. Policyholders who have never filed an insurance claim Drivers over the age of 55 Vehicles not used in winter Loyalty for policy renewals by existing insured clients, subject to insurer s criteria. 9
10 Contributing to the Economy The P&C insurance industry plays a vital role in Canada s economic health. By absorbing financial risk, particularly in a world of emerging new risks and changing needs, and investing in Canadian bonds and securities, insurers help to create and promote growth, development and employment. Here are highlights based on the most recent data available: The P&C insurance industry employed 118,600 people across Canada. The P&C insurance industry had $104 billion in invested assets, to support economic growth and stability. Insurers paid out $27.8 billion in claims to victims of collisions, disasters and other losses in Canada. Canadian insurers paid more than $7.5 billion in taxes and levies to federal and provincial governments. Health care levy: In 2012, the P&C insurance industry paid $13.8 million in health care levies to help pay for the medical needs of collision victims in the province. Supporting Nova Scotia: There are more than 100 home, car and business insurance companies serving the province of Nova Scotia. Taxes: In 2011, the P&C insurance industry paid $95.8 million in taxes to the government of Nova Scotia. Claims: In 2012, insurers paid out $594 million in claims to help policyholders in Nova Scotia recover from injuries and rebuild damaged property. 10 Source: IBC with data from MSA, SCOR, AMF
11 Investing Wisely The P&C insurance industry offers the key service of risk management and is committed to covering losses when they occur. Providing these services necessitates the careful and safe investment of resources to ensure that funds are available when needed. With the bulk of its investment portfolio in federal, provincial and municipal bonds, the insurance industry is far less vulnerable to stock market fluctuations than other industries. This is also why P&C insurers historically weather an economic crisis better than others in the financial services sector. BREAKDOWN OF NATIONAL P&C INSURANCE INDUSTRY INVESTMENTS WHERE DOes each dollar received by insurers GO? The Insurance Dollar pie chart shows how Canada s home, car and business insurers spent each dollar of revenue averaged over the seven years from 2006 to % Bonds 12.7% Shares 3.8% Term deposits 2.1% Other investments 0.7% Mortgage loans Source: IBC, MSA, SCOR, AMF 54.0 Claims paid out to policyholders 20.5 Operating costs 16.1 Taxes and levies 9.4 Profit margin Source: IBC, MSA 11
12 Questions? We re here. Insurance Bureau of Canada s Consumer Information Centre Tel: Toll-free: ext. 228 Hours: M-F 8:30 a.m. 4:30 p.m. or visit ibc.ca For additional copies of this booklet, please contact: Insurance Bureau of Canada s Member Services memberservices@ibc.ca Insurance Bureau of Canada is the national industry association representing Canada s private home, car and business insurers. Its member companies represent 90% of the property and casualty (P&C) insurance market in Canada. Data in 2014 State of the Industry brochure have been gathered from several national and international sources, including IBC. Data are from 2011, 2012 or 2013 depending on when sources release their information. In some instances, figures may not add up to 100% as a result of rounding. Also because sources collect data in different ways, there may be small differences among similar data. 02/2014
Toward a safer. Saskatchewan An update from Saskatchewan s home and business insurers
2015 Toward a safer Saskatchewan An update from Saskatchewan s home and business insurers With heavy flooding in the summer, 2014 was yet another year of Saskatchewan residents experiencing the devastating
More informationProtecting British Columbians through Innovation. The latest from British Columbia s home and business insurers
2016 Protecting British Columbians through Innovation The latest from British Columbia s home and business insurers Building Resilience The British Columbia Way British Columbia s home, business and private
More informationManitoba. Ontario. Toward a Safer Ontario
Manitoba Qu Ontario Toward a Safer Ontario The year 2013 posed a tremendous challenge to Canadians, with catastrophic floods in Alberta and Ontario, a deadly train derailment in Quebec and an ice storm
More informationToward a safer. Prince Edward Island An update from Prince Edward Island s home, auto and business insurers
2015 Toward a safer Prince Edward Island An update from Prince Edward Island s home, auto and business insurers From the winter storms to Post Tropical Storm Arthur, 2014 was yet another year of Prince
More informationWORKING TOGETHER. An update from Quebec s home, car and business insurers
WORKING TOGETHER An update from Quebec s home, car and business insurers Canada s property and casualty (P&C) insurance industry helps people manage the everyday risks that come with owning a home, business
More informationToward a Safer Quebec
Quebec Î.-P.-.É. Nouveau- Brunswick Nova Scotia Toward a Safer Quebec An update from Quebec s home, car and business insurers The year 2013 was particularly difficult for Canadians. One need only think
More informationToward a safer. Newfoundland and Labrador An update from Newfoundland and Labrador s home, auto and business insurers
2015 Toward a safer Newfoundland and Labrador An update from Newfoundland and Labrador s home, auto and business insurers From the winter storms to heavy rains, 2014 was yet another year of Newfoundland
More information2017 Moving Forward with Confidence. An update from Nova Scotia s home, auto and business insurers
2017 Moving Forward with Confidence An update from Nova Scotia s home, auto and business insurers For Nova Scotians, 2016 brought many challenges, with a weakened Canadian dollar and rising living expenses.
More information2017 Protecting Families and Communities. An update from British Columbia s home and business insurers
2017 Protecting Families and Communities An update from British Columbia s home and business insurers For the property and casualty (P&C) insurance industry and Insurance Bureau of Canada (IBC), 2016 was
More informationDisaster resilient communities: Canada s insurers promote adaptation to the growing threat of high impact weather
Disaster resilient communities: Canada s insurers promote adaptation to the growing threat of high impact weather by Paul Kovacs Executive Director, Institute for Catastrophic Loss Reduction Adjunct Research
More informationToward a safer. Quebec. An update from Quebec s home, auto and business insurers
2015 Toward a safer Quebec An update from Quebec s home, auto and business insurers Severe weather has been on the rise for decades, an expensive trend for governments because natural disasters lead to
More information2017 Embracing Challenges and Opportunities. An update from Alberta s home, auto and business insurers
2017 Embracing Challenges and Opportunities An update from Alberta s home, auto and business insurers For Albertans, 2016 brought many challenges. We struggled with the fallout from a sluggish economy,
More information2018 Alberta Pre-Budget Submission
2018 Alberta Pre-Budget Submission Dear Minister Ceci, On behalf of our members, Insurance Bureau of Canada (IBC) is pleased to make recommendations as part of the Government of Alberta s 2018 pre-budget
More informationDisaster Proofing Canada
2017 Disaster Proofing Canada The latest from Canada s home, auto and business insurers 2016 marked a challenging year for Canadians. Across the country, residents struggled against a sluggish economy,
More informationRESILIENT INFRASTRUCTURE June 1 4, 2016
RESILIENT INFRASTRUCTURE June 1 4, 2016 MUNICIPAL RISK ASSESSMENT TOOL (MRAT) Scott Praill Dillon Consulting Limited, Canada ABSTRACT MRAT is a made-in-canada tool that overlays municipal data sets and
More informationHelping communities weather the storm. Shawna Peddle Adaptation Canada 2016 April 13, 2016
Helping communities weather the storm Shawna Peddle Adaptation Canada 2016 April 13, 2016 FLOOD HAPPENS Our climate is changing Increasing precipitation, snow and ice melt Our communities are changing
More informationBuilding Resilience Together
2018 Building Resilience Together An update from Prince Edward Island s home, auto and business insurers 1 2 As the birthplace of Confederation, Prince Edward Island has played a pivotal role in Canadian
More informationCAR INSURANCE VISIT IBC.CA ALL ABOUT AUTO INSURANCE
CAR INSURANCE VISIT IBC.CA ALL ABOUT AUTO INSURANCE TABLE OF CONTENTS DO I REALLY NEED AUTO INSURANCE? 3 BUYING AUTO INSURANCE 4 Who is insured?...4 If you are borrowing a car...4 If you are lending a
More informationFacts. of the Property and Casualty Insurance Industry in Canada
2015 Facts of the Property and Casualty Insurance Industry in Canada Facts of the Property and Casualty Insurance Industry in Canada 2015 Facts of the Property and Casualty Insurance Industry in Canada
More information2014 Facts. of the Property & Casualty Insurance Industry
2014 Facts of the Property & Casualty Insurance Industry FACTS of the Property & Casualty Insurance Industry in Canada 2014 The FACTS of the Property & Casualty Insurance Industry is published by Insurance
More informationInsurance Corporation of British Columbia
Financial Report Discussion of Results Financial Resource Summary Table This report contains statements regarding the business of the Corporation. The table below provides an overview of ICBC s financial
More informationan economic impact and future growth study of New Brunswick s high-value insurance sector
an economic impact and future growth study of New Brunswick s high-value insurance sector over 340 firms 49% employment growth over the past six years 15% employment growth over the next three years FEBRUARY
More information2018 Budget Recommendation Ombudsman Toronto
2018 Budget Recommendation Ombudsman Toronto Susan E. Opler, Ombudsman Presentation to the City of Toronto Budget Committee December 14, 2017 Budget Recommendation: Overview Operating Ombudsman Toronto
More informationRSA S WATER DAMAGE COVERAGE NOVEMBER 2015.
RSA S WATER DAMAGE COVERAGE NOVEMBER 2015. AGENDA Introduction & Expectations Course Aim and Learning Objectives RSA s Waterproof Coverage Endorsement. Selling RSA s Waterproof Coverage Processing RSA
More informationRegulatory Affairs Symposium
Regulatory Affairs Symposium Remarks Don Forgeron Thursday, November 15, 2018 Toronto, Ontario Check against delivery 1 Good morning, everyone, and welcome. There are a number of terrific panels lined
More informationWhy insurers fail. Natural disasters and catastrophes 2016 UPDATE. Grant Kelly
Property and Casualty Insurance Compensation Corporation Société d indemnisation en matière d assurances IARD 2016 UPDATE Why insurers fail Natural disasters and catastrophes Winter Storm Hurricane Tornado
More informationMortgage solutions that make sense
Mortgage solutions that make sense Protecting your client s biggest asset PN00035F (2015/04/21) Agenda Review of the Canadian housing market Structuring mortgage solutions for your clients Case study Business
More informationFACTS. of the Property & Casualty Insurance Industry in Canada 2013
FACTS of the Property & Casualty Insurance Industry in Canada 2013 Copyright page and facts about 2013 FACTS FACTS of the Property & Casualty Insurance Industry is published by Insurance ureau of Canada
More informationLegal Drivers for Climate Change Adaptation
Legal Drivers for Climate Change Adaptation Livable Cities Forum Halifax, Nova Scotia September 12, 2016 Laura Zizzo Zizzo Strategy Inc. Zizzo Strategy Inc. Climate change is re-defining risk management,
More informationThe Benefits of Competition in the Provision of Automobile Insurance in BC January 2018
The Benefits of Competition in the Provision of Automobile Insurance in BC January 2018 Prepared for the Insurance Bureau of Canada CONTENTS 1 Executive Summary... 3 1.1 Key Findings... 3 1.2 Minor Injury
More informationCrime and Fraud Prevention
Crime and Fraud Prevention BC Provincial Police and Crime Prevention Roundtable November 2, 2017 David Christoffel Director, Investigative Services, IBC Western Region About Insurance Bureau of Canada
More informationCONSUMER PRICE INDEX REPORT NOVEMBER 2017
CONSUMER PRICE INDEX REPORT NOVEMBER 2017 M A N I T O B A B U R E A U O F S T A T I S T I C S RIGHT ANSWERS RIGHT NOW December 21, 2017 CONTENTS SUMMARY CHART 1 - ANNUAL INFLATION RATE: MANITOBA AND CANADA
More informationAMM Submission Pre-Budget 2019 Consultations Government of Canada
2019 INTRODUCTION... 1 FEDERAL FUNDING FOR MUNICIPAL INFRASTRUCTURE... 2 DISASTER FINANCIAL ASSISTANCE & FLOOD MITIGATION... 3 WIRELESS & BROADBAND INTERNET CONNECTIVITY... 4 COMMUNITY POLICING COSTS &
More informationCanada s P&C insurance industry by line of business
Canada s P&C insurance industry by line of business Auto insurance 26 Mandatory insurance 26 Optional insurance 27 No-fault insurance 28 What s mandatory where 40 Premiums and claims 41 Average losses
More informationTopic Understanding Insurance
UNIT 7 Making Major Financial Decisions Topic Understanding Insurance LEARNING OBJECTIVE(S) Students will: identify different types of insurance. explain factors that influence the price people pay for
More informationCONSUMER PRICE INDEX REPORT OCTOBER 2017
CONSUMER PRICE INDEX REPORT OCTOBER 2017 M A N I T O B A B U R E A U O F S T A T I S T I C S RIGHT ANSWERS RIGHT NOW November 17, 2017 CONTENTS SUMMARY CHART 1 - ANNUAL INFLATION RATE: MANITOBA AND CANADA
More informationCanadian Taxpayers Federation. May 17, 2018
20 th Annual Gas Honesty Day 20 th Annual Gas Honesty Report Canadian payers Federation May 17, 2018 Jeff Bowes 1 Canadian payers Federation Table of Contents 20 th Annual Gas Honesty Day About the Canadian
More informationBC JOBS PLAN ECONOMY BACKGROUNDER. Current statistics show that the BC Jobs Plan is working: The economy is growing and creating jobs.
We know that uncertainty continues to remain in the global economy and we expect to see some monthly fluctuations in jobs numbers. That is why we will continue to create an environment that is welcoming
More informationAMM Submission Pre-Budget 2018 Consultations Government of Canada
2018 INTRODUCTION... 1 FEDERAL FUNDING FOR MUNICIPAL INFRASTRUCTURE... 2 DISASTER FINANCIAL ASSISTANCE & FLOOD MITIGATION... 3 WIRELESS & BROADBAND INTERNET CONNECTIVITY... 4 AFFORDABLE & SENIORS HOUSING...
More informationn Appendix 2: THE MANITOBA ADVANTAGE
BUDGET 2012 Taxation Adjustments / C19 n Appendix 2: THE MANITOBA ADVANTAGE Manitoba is a diversified economy where no single industry dominates the industrial base. Manitoba has been quick to adjust to
More informationSECTION 2. Canada s P&C insurance industry by line of business. Auto insurance. Home insurance. Business insurance IBC 2018 FACTS
SECTION 2 Canada s P&C insurance industry by line of business Auto insurance 29 29 29 30 43 44 45 Mandatory insurance Optional insurance No-fault insurance What s mandatory where Premiums and claims Average
More informationReducing Auto Insurance Rates in Nova Scotia The Government s Plan
1 Reducing Auto Insurance Rates in Nova Scotia The Government s Plan Auto insurance is mandatory for drivers in Nova Scotia. Government has an obligation to ensure that consumers can get adequate coverage
More informationPresident s message. Don Forgeron President and CEO, Insurance Bureau of Canada
President s message When a wildfire swept through the northern Alberta city of Fort McMurray in May 2016, destroying or damaging 2,500 homes and buildings, and displacing almost 90,000 people, the devastation
More informationFebruary 11, Review of Alberta Automobile Insurance Experience. as of June 30, 2004
February 11, 2005 Review of Alberta Automobile Insurance Experience as of June 30, 2004 Contents 1. Introduction and Executive Summary...1 Data and Reliances...2 Limitations...3 2. Summary of Findings...4
More informationNewfoundland and Labrador. Auto Insurance Review. ~ May 2018 ~
Newfoundland and Labrador Auto Insurance Review ~ May 2018 ~ Table of Contents Introduction... 3 Non-Pecuniary Damages Payments... 3 Reform Costing Analysis... 4 Increasing the Non-Pecuniary Damages Deductible...
More informationNational Association of Latino Elected and Appointed Officials
National Association of Latino Elected and Appointed Officials National Policy Institute on Emergency Planning and Preparedness August 19-20, 2016 Sheraton Hotel, Boston, MA Jeanne M. Salvatore, Senior
More informationYou Told Us What You Want To Know About Travel Health Insurance
You Told Us What You Want To Know About Travel Health Insurance This booklet brings together the answers to many typical questions Canadians ask about health insurance for travellers. This guide will help
More informationAIRB 2017 Annual Review Bill Adams, Vice-President, Western Ryan Stein, Director of Policy August 15, 2017
AIRB 2017 Annual Review Bill Adams, Vice-President, Western Ryan Stein, Director of Policy August 15, 2017 Annual Review 2017 Agenda Overview of Alberta s auto insurance market Analysis of bodily injury
More informationDirect Compensation for Property Damage
C14 Automobile Insurance----Part 1 (Atlantic Provinces) Addendum----October 2015 (To be used with 2014 edition of the text.) Note: This addendum addresses recent regime changes to automobile insurance
More informationSaskatchewan Labour Force Statistics
Saskatchewan Labour Force Statistics April 2017 UNADJUSTED DATA According to the Statistics Canada Labour Force Survey during the week covering April 9 th to 15 th,, 2017, there were 560,100 persons employed
More informationGovernance of WorkSafeNB
Legislative Review of Workers Compensation Governance of WorkSafeNB Discussion Paper May 2015 Discussion Paper May 2015 Published by: Province of New Brunswick P.O. Box 6000 Fredericton NB E3B 5H1 CANADA
More informationLiberal Party of New Brunswick Response to Provincial Election 2014 Questionnaire for Political Parties
Liberal Party of New Brunswick Response to Provincial Election 2014 Questionnaire for Political Parties Submitted to: New Brunswick Common Front for Social Justice Inc. On behalf of the Liberal Party of
More informationLesson 6: Insurance. Insurance and Risk
Lesson 6: Insurance risk: a chance of harm, loss, or damage liability insurance: insurance for what the policyholder is legally obligated to pay because of bodily injury or property damage caused by the
More information2018 Annual Review Report Alberta Private Passenger Vehicles
2018 Annual Review Report Alberta Private Passenger Vehicles September 19, 2018 Contents Automobile Insurance Rate Board... 2 Mission... 2 Background... 2 Legislative and Regulatory Authority... 2 Private
More informationInsurance and Risk Management Services for Managing Climate Change Risk. Financing a Clean Energy Growth Economy
Insurance and Risk Management Services for Managing Climate Change Risk. INSIGHT BRIEFING JANUARY 2019 INSURANCE AND RISK MANAGEMENT SERVICES FOR MANAGING CLIMATE CHANGE RISK This is the third briefing
More informationDECISION 2018 NSUARB 171 M08547 NOVA SCOTIA UTILITY AND REVIEW BOARD IN THE MATTER OF THE INSURANCE ACT. - and -
DECISION 2018 NSUARB 171 M08547 NOVA SCOTIA UTILITY AND REVIEW BOARD IN THE MATTER OF THE INSURANCE ACT - and - IN THE MATTER OF AN APPLICATION by TD INSURANCE GROUP for approval to modify its rates and
More informationLETTER. economic. Is Canada less dependent on the United States than it used to be? DECEMBER 2011 JANUARY bdc.ca
economic LETTER DECEMBER JANUARY 212 Is less dependent on the United States than it used to be? weathered the last recession better than the United States. The decline in real GDP in was less pronounced
More informationREPUBLIC OF BULGARIA
REPUBLIC OF BULGARIA DISASTER RISK REDUCTION STRATEGY INTRUDUCTION Republic of Bulgaria often has been affected by natural or man-made disasters, whose social and economic consequences cause significant
More informationShelter from the Storm. Anna Hargis Director of Advertising Shelter Insurance Companies, Missouri (U.S.A.)
Shelter from the Storm Anna Hargis Director of Advertising Shelter Insurance Companies, Missouri (U.S.A.) 14 / 53 / 2010 Employees and agents at Shelter Insurance understand storms. Dealing with claims
More informationMLS Sales vs. Listings (seasonaly adjusted)
QUARTER 4: Canada Guaranty Housing Market Review OCTOBER - DECEMBER 21 The Canadian economy posted positive indicators of growth in early 21; however, the optimistic sentiment deteriorated in the latter
More information2001 COOPERATIVE CREDIT ASSOCIATIONS - (in thousands of dollars) TABLE 1 - ASSETS
TABLE 1 - ASSETS British Columbia Ontario Ltd. Nova Scotia Alberta Canada Cash resources 0 28,905 5 19,473 2,622 Deposits with regulated financial institutions.. 532,821 32,743 160,372 8,802 0 Securities
More informationFindings Report & Position Paper. Natural Catastrophes and Personal Property Insurance. Summer 2017
Findings Report & Position Paper Natural Catastrophes and Personal Property Insurance Summer 2017 This Findings Report & Position Paper reflects the work of regulators who are members of CCIR. The views
More informationOCCUPIERS LIABILITY SLIPS, TRIPS +FALLS
OCCUPIERS LIABILITY SLIPS, TRIPS +FALLS BUSINESS INSURANCE VISIT IBC.CA SLIPS, TRIPS +FALLS result in some of the most common and costly liability claims against business owners. As an occupier of business
More informationAccess to Basic Banking Services
Access to Basic Banking Services Opening a personal deposit account and cashing Government of Canada cheques or other instruments In order to improve access to basic banking services, legislation requires
More informationAutomobile Insurance Affordability Plan for Ontario: Next Steps
Affordability Plan for Ontario: Next Steps Ministry of Finance White Paper July 2003 Table of Contents Executive Summary... 3 Introduction... 5 Why Premiums Are Rising... 6 Ontario Experience and Recent
More information2017 Report of the Auditor General of New Brunswick. Volume I
2017 Report of the Auditor General of New Brunswick Volume I 1 1 Presentation Topics Climate Change Department of Environment and Local Government & NB Power Advisory Services Contract Department of Social
More informationConsumer Price Index report
MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u l y 2 0 1 8 1 Consumer Price Index report J u l y 2 0 1 8 Highlights The Manitoba all-items Consumer Price Index (CPI) increased 3.3% on
More information2006 Property Assessment and Tax Analysis of 2005 Data. Prepared for Real Property Association of Canada. December 14, 2006
2006 Property Assessment and Tax Analysis of 2005 Data Prepared for Real Property Association of Canada December 14, 2006 Prepared by: A division of Altus Group Limited 191 The West Mall, Suite 200 ON
More informationDesjardins Trust Inc. Financial Information and Information on Risk Management (unaudited)
Desjardins Trust Inc. Financial Information and Information on Risk Management (unaudited) For the period ended September 30, 2017 TABLE OF CONTENTS Page Page Notes to readers Capital Use of this document
More informationRe: New Brunswick Licensing Framework for Other-than-Life Insurance Agents and Brokers Discussion Paper
October 31, 2013 Financial and Consumer Services Commission P. O. Box 6000 Kings Place 637-440 King Street Fredericton, NB E3B 5H8 information@fcnb.ca Re: New Brunswick Licensing Framework for Other-than-Life
More informationNewfoundland and Labrador. Auto Insurance Review. ~ February 2018 ~
Newfoundland and Labrador Auto Insurance Review ~ February 2018 ~ Table of Contents Introduction... 3 Proposed Regulatory Reforms... 4 Reduce and Stabilize Premiums and Claims Costs... 4 Improve Health
More informationClimate change, severe weather and the need to adapt. Glenn McGillivray Managing Director Institute for Catastrophic Loss Reduction May 8, 2017
Climate change, severe weather and the need to adapt Glenn McGillivray Managing Director Institute for Catastrophic Loss Reduction May 8, 2017 Considerations Disasters are a growing threat Losses are rising.
More informationCONSULTATION SUBMISSION: Public Utilities Board Automobile Insurance Review
CONSULTATION SUBMISSION: Public Utilities Board Automobile Insurance Review May 31st, 2018 TABLE OF CONTENTS INTRODUCTION 03 OUR APPROACH TO AUTO INSURANCE & REFORM OBJECTIVES PROPOSED REGULATORY REFORMS
More informationReal Property Institute of Canada 10:30 am, November 7, 2012 Montreal. David MacLeod Toronto Environment Office
Real Property Institute of Canada 10:30 am, November 7, 2012 Montreal David MacLeod Toronto Environment Office dmacleo2@toronto.ca 1. Context & Drivers for Action: More extreme weather a) Canada b) Toronto
More informationConsumer Price Index. Highlights. Manitoba third highest among provinces. Consumer Price Index (CPI), Manitoba and Canada, September 2018
MBS Reports C o n s u m e r P r i c e I n d e x, S e p t e m b e r 2 0 1 8 1 Consumer Price Index S e p t e m b e r 2 0 1 8 Highlights The Manitoba all-items Consumer Price Index (CPI) increased 2.4% on
More informationInsurance Corporation of British Columbia 2014 ANNUAL SERVICE PLAN REPORT
2014 ANNUAL SERVICE PLAN REPORT For more information on the Insurance Corporation of British Columbia contact: In the Lower Mainland 604-661-2800 Elsewhere in B.C., Canada, or the U.S. 1-800-663-3051 Head
More informationDisaster Recovery Planning: Preparation is Key to Survival
Adjusters International Disaster Recovery Consulting EDITOR S NOTE Making sure the right insurance program is in place to protect your organization after a disaster may not be enough to survive in today
More informationProvincial-Municipal Fiscal Transfers in Canada
Provincial-Municipal Fiscal Transfers in Canada Enid Slack Institute on Municipal Finance and Governance Munk Centre for International Studies University of Toronto Presentation to Workshop on Fiscal Transfer
More informationFinancial Services Commission of Ontario STATEMENT OF PRIORITIES. June 2010
Financial Services Commission of Ontario STATEMENT OF PRIORITIES June 2010 Introduction The Financial Services Commission of Ontario (FSCO) is a regulatory agency established under the Financial Services
More information2017 PUBLIC ACCOUNTABILITY STATEMENT Dedicated to Building Strong Relationships
2017 PUBLIC ACCOUNTABILITY STATEMENT Dedicated to Building Strong Relationships CONTENTS 2017 PUBLIC ACCOUNTABILITY STATEMENT... 3 CORPORATE OVERVIEW VISION AND COMMITMENT TO SERVICE... 3 A MESSAGE FROM
More informationSummary Public School Indicators for the Provinces and Territories, to
Catalogue no. 81-9-MIE No. 44 ISSN: 1711-831X ISBN: -662-43681-4 Research Paper Culture, Tourism and the Centre for Education Statistics Summary Public School Indicators for the Provinces and Territories,
More informationAt USD 144 billion, global insured losses from disaster events in 2017 were the highest ever, sigma study says
c*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*- At USD 144 billion, global insured losses from disaster events in 2017 were the highest ever, sigma study says Total global economic losses from natural disasters
More informationBusiness and Personal Finance Unit 4 Chapter Glencoe/McGraw-Hill
0 Chapter 13 Home and Motor Vehicle Insurance What You ll Learn Section 13.1 Identify types of risks and risk management methods. Explain how an insurance program can help manage risks. Describe the importance
More informationPerceptions Of Homelessness In Canada. GCI Group November, 2005
Perceptions Of Homelessness In Canada GCI Group November, 2005 Background & Methodology 1435 Canadians, from POLLARA s on-line panel, conducted the on-line survey from November 11th to the 15th, 2005.
More informationAutomobile Statistical Data Reporting Requirements Automobile Statistical Plan Manual Including Underwriting Information Tracking
Automobile Statistical Data Reporting Requirements Automobile Statistical Plan Manual Including Underwriting Information Tracking General Insurance Statistical Agency 16 th Floor, 5160 Yonge St. Toronto,
More information2007 Property Assessment and Tax Analysis of 2006 Data. Prepared for Real Property Association of Canada. November 23, 2007
2007 Property Assessment and Tax Analysis of 2006 Data Prepared for Real Property Association of Canada November 23, 2007 Prepared by: ALTUS DERBYSHIRE A division of Altus Group Limited 191 The West Mall,
More informationHOME INSURANCE VISIT IBC.CA ALL ABOUT HOME INSURANCE
HOME INSURANCE VISIT IBC.CA ALL ABOUT HOME INSURANCE Table of Contents INTRODUCTION TO HOME INSURANCE... 4 BUYING HOME INSURANCE... 5 Who is insured?... 5 Who can sell you insurance?... 5 Do you qualify
More information2019 New Years Tax Changes
2019 New Years Tax Changes Jeff Bowes Research Director Canadian Taxpayers Federation 1 Contents About the Canadian Taxpayers Federation... 3 Summary... 4 Taxpayers Examples... 5 Tax Rates... 5 Total Tax...
More informationConsumer Price Index report
MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u n e 2 0 1 8 1 Consumer Price Index report J u n e 2 0 1 8 Highlights The Manitoba all-items Consumer Price Index (CPI) rose 2.7% on a year-over-year
More informationAnnual Report Insolvency protection for home, automobile and business insurance customers
Property and Casualty Insurance Compensation Corporation Annual Report 2010 Insolvency protection for home, automobile and business insurance customers Op 5 PACICC Mission The mission of the Property and
More information2018 Federal Budget. Projection
2018 Federal Budget English: Francais: https://www.budget.gc.ca/2018/docs/plan/toc-tdm-en.html https://www.budget.gc.ca/2018/docs/plan/toc-tdm-en.html Budget 2018 - Overview: On February 27, 2018 Finance
More informationFirst Steps: Budget 2017 Update
First Steps: Budget 2017 Update Budget 2017 Update addressed urgent needs and took action to make life more affordable by: Investing over $1 billion to begin restoring underfunded services, including better
More informationTHE HOME STRETCH. A Review of Debt and Home Ownership Among Canadian Seniors
THE HOME STRETCH A Review of Debt and Home Ownership Among Canadian THE HOME STRETCH The importance of property ownership is deeply ingrained in Canadian society, economy and politics. The drive to own
More informationAnnual Information Form. Intact Financial Corporation March 30, 2016
Annual Information Form Intact Financial Corporation March 30, 2016 TABLE OF CONTENTS AND LIST OF INFORMATION INCORPORATED BY REFERENCE CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Annual Information
More informationIs More Rate Regulation Really the Solution?
Is More Rate Regulation Really the Solution? Barb Addie Baron Insurance Services Inc. Why is Auto Insurance a topic at every Insurance Conference? Line of Business % of Total Market Direct Earned Premium
More informationEquifax Canada Reports-National Delinquency Rates Decline to Their Lowest Levels Ahead of the Holidays
December 2, 2015 Equifax Canada Reports-National Delinquency Rates Decline to Their Lowest Levels Ahead of the Holidays Delinquency Rates Continue to Increase in Oil-Producing Provinces TORONTO, ONTARIO--(Marketwired
More informationFacts of the Property and Casualty Insurance Industry in Canada 2016
Facts of the Property and Casualty Insurance Industry in Canada 2016 Facts of the Property and Casualty Insurance Industry in Canada 2016 is published by Insurance Bureau of Canada (IBC). IBC is the trade
More informationCMHC / NOVA SCOTIA Agreement for Investment in Affordable Housing Extension and Social Infrastructure Fund REPORTING
CMHC / NOVA SCOTIA Agreement for Investment in Affordable Housing 2014-2019 Extension and Social Infrastructure Fund 2016-17 REPORTING The provincial and federal governments recognize that governments
More information2017 Annual Alberta Labour Market Review
2017 Annual Alberta Labour Market Review Employment. Unemployment. Economic Regions Migration. Indigenous People. Industries Occupations. Education. Demographics Employment Employment grew by 1. in Alberta
More informationDelivering on Commitments. Budget. Meeting Our Global Responsibilities. February 23, 2005
Delivering on Commitments Budget 2005 Meeting Our Global Responsibilities February 23, 2005 An Active Role in Global Affairs As a nation of people from every part of the globe, Canadians have a keen sense
More information