Feds commit $15 million to flood insurance backstop. Is it enough?

Although the federal government committed to forge ahead with its long-awaited flood insurance backstop Tuesday, Canada’s property and casualty insurance industry notes the 2024 federal budget was light on details – and funding. The insurance industry has been negotiating with…The post Feds commit $15 million to flood insurance backstop. Is it enough? appeared first on Canadian Underwriter.

What brokers say about Ontario DCPD opt-outs

Ontario brokers tell us their phones aren’t ringing off the hook with calls from drivers wanting to take advantage of the province’s new option to decline direct compensation- property damage (DCPD) coverage on their auto policies. “I actually thought that…The post What brokers say about Ontario DCPD opt-outs appeared first on Canadian Underwriter.