Canadian coverage, focused on property insurance, with verified short holdings, original analysis and links to the underlying sources. A publication date isn't the same as a decision date. The dates below identify which is shown.
10 verified publications. Showing the 10 most recent.
Insurance Bureau of Canada announced on October 6 that it had joined counterparts in Australia, New Zealand and the United Kingdom to form the Four Nations Insurance Alliance. The industry partnership will share evidence on climate resilience, insurance gaps, cyber threats and regulation, giving Canadian insurers and policymakers a new forum for comparable market approaches.
Insurance Bureau of Canada reported on October 22 that severe weather caused more than $3.7 billion in insured damage during summer 2026, the third highest summer total in Canadian history. The industry estimate signals continuing pressure on property claims, underwriting and disaster planning for households and businesses.
A vacant building's exposed rear wall breached its policy warranty despite repairs to a front fence. The insurer owed no indemnity for the fire, but repayment and final costs remained unresolved.
Canadian renewal rates are falling, but US exposure, rebuilding exclusions and climate pressures complicate what those savings mean.
Initial CatIQ estimates put September 2 and 3 storm losses in southern Ontario at $563 million. That's a measure of insured damage across the event, not a promise that every flooded basement, vehicle or roof will be covered.
British Columbia’s Court of Appeal dismissed an insureds’ appeal where an undisclosed marihuana grow operation had been found to be a material change in risk. The materiality and nondisclosure findings were not challenged on appeal and were enough to resolve the coverage dispute.
Ontario’s Court of Appeal sent a greenhouse coverage dispute back for trial after finding that the earlier analysis focused too narrowly on the immediate cause of the crop loss.
The Supreme Court held that guaranteed rebuilding coverage increased the amount available to rebuild a destroyed home but did not erase a separate exclusion for added legal compliance costs.
The Supreme Court dismissed homeowners' appeal, holding that a guaranteed rebuilding cost endorsement increased available insurance limits but did not displace the policy's separate exclusion for costs of complying with conservation authority rules. A limited $10,000 extension remained, and two judges dissented in part.
Yes, often. A condo corporation policy and a unit owner policy can cover different parts of the same sewer-backup loss, so both need review.
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