Tag: Canada insurance

Alberta flood insurance launched by Co-operators

Julie Campbell
Calgary alberta flood insurance

The insurer has introduced a new form of coverage for homeowners against overland flooding. Co-operators General Insurance Company has recently announced the launch of its brand new form of flood insurance, which can be purchased by homeowners living in Alberta, Canada, in order to protect themselves against the cost associated with damage from overland flooding. This new form of insurance policy is available throughout all of Alberta and covers against many types of water damage. The flood insurance policy has been created to be flexible and to provide coverage against…

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Employment insurance claims are on the rise in Canada

Nordstrom
cyber insurance Canada pension plan employment insurance industry

Claims have increased by nearly 30% in Alberta The number of those living in Alberta, Canada, applying for employment insurance benefits is on the rise, according to a report from Statistics Canada. Employment insurance in Canada is similar to unemployment insurance in the United States. Those applying for benefits receive temporary financial assistance while looking for work or improving their skills. Throughout Canada, employment insurance claims have risen by an average of 6.7%. Report shows that more than 500,000 Canadians currently receive employment insurance benefits According to the report from…

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Auto insurance discount coming to Ontario drivers with snow tires

Julie Campbell
Toronto Canada Auto ride share Insurance Discounts

The province has recently made its budget announcement and the government has continued its effort to lower rates. The Liberal government of Ontario, Canada, has now announced that it has made another line of changes to the auto insurance discount regulations in the province, as it continues its effort to bring down the costs associated to coverage for motorists. Among the regulations that have now been announced is one requiring auto insurance companies to reward drivers using snow tires. The provincial government also recently announced a number of other types…

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Usage based insurance program lets young drivers prove themselves

Julie Campbell
Young Driver auto usage based Insurance

This telematics based system will give new Ontario, Canada motorists the chance to prove their safety habits. A company called Ingenie Canada Inc. has now announced that it will be offering a usage based insurance program in Ontario, Canada, that will use telematics technology in order to allow drivers who are aged 24 years and younger to show that their habits are safer than the demographic as a whole. The company is allowing younger drivers to show their true risk level instead of being lumped in with the group. The…

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Insurance news in Canada has increased coverage requirements for oil trains

Julie Campbell
rail insurance news industry train transportation

The country is now demanding that rail vehicles transporting oil must have additional protection against spills and explosions. According to the Transport Minister of Canada, Lisa Raitt, has made an insurance news announcement that has said that the country will be increasing the amount of coverage that railways will be required to carry when they are transporting crude oil. Shippers will also have a levy imposed upon them in order to help to pay for the cost of major accidents. This insurance news comes at a time in which the…

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