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The Insurance Bureau of Canada (IBC; French: Bureau d'assurance du Canada) is a trade association representing home, auto, and business insurance companies in Canada. Established in 1964, it promotes and lobbies for the insurance industry to governments and the general public. [2]
The Insurance Bureau of Canada stated in September that insurable losses had exceeded $1.7 billion, making it the costliest disaster in Canadian history in terms of insured damages (and without accounting for inflation), surpassing the $1.6 billion cost of the North American Ice Storm of 1998. The bureau called the cost "staggering", and said ...
The costliest disaster in Canadian history, according to the Insurance Bureau of Canada, was the 2013 Alberta floods which at over $1.7 billion, was more than the North American Ice Storm of 1998 at $1.6 billion. [78]
By July 7, 2016, the Insurance Bureau of Canada (IBC) and Catastrophe Indices and Quantification Inc. (CatIQ) reported that insured damage was estimated to have reached C$3.58 billion (US$2.75 billion), [100] making the wildfire the most expensive disaster in Canadian history, surpassing the 1998 ice storms in Quebec ($1.9 billion) and the 2013 ...
The Jasper fire is estimated to have cost insurance companies over $880 million, making it the ninth-most expensive disaster for insurance companies in Canadian history. [70] The federal and provincial governments announced on August 1 that they would spend $57 million on new firefighting equipment over five years.
Merged into the ING Insurance Company of Canada. West Elgin Mutual Insurance Company 1880 2023 Formed through the merger of Dunwich Mutual and Southwold Farmers Mutual. Merged with Howard Mutual to form Salus Mutual. Westbury Canadian Life 2004 RBC Insurance Western Assurance Company: 1851 2025 Merged into Intact Insurance.
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The Insurance Institute of Canada is a not-for-profit organization which provides nationally standardized professional development programs for the insurance industry in Canada. Founded in 1952 and headquartered in Toronto , the IIC is an umbrella organization of 19 provincial and regional chapters across Canada.