Insurable Interest Canadian Insurance Blog

Vancouver, BC (Dec. 31, 2025) – Severe weather that caused flooding in southern British Columbia (BC) last month led to evacuations, power outages, and damaged homes and farms, disrupting the lives and livelihoods of thousands of British Columbians. Tragically, it has also led to loss of life. Aaron Sutherland, Vice-President, Pacific and Western, Insurance Bureau of Canada (IBC), issued the following statement: “Severe weather and flooding in the Fraser Valley and southwestern BC have once again disrupted the lives of residents and business owners across the region. Coming just four years after the devastating 2021 floods, this most recent flood damage is a painful reminder of the need to build our resilience and better protect communities from the new weather reality we face. “It will be several weeks before we know the total insured losses from this recent flooding. For those who have insurance coverage for floods, insurers are working hard through the claims process to help homeowners, tenants and business owners restore their properties and get back on their feet. “While Canada’s insurers offer flood insurance to 93% of BC homeowners, it remains unavailable for those at highest risk – including many of the properties that have experienced damage...

New Research Reports Examine Nearly 30 AI Technology Races, Highlighting the Current Frontrunner Companies in Key Segments Stamford, CT (Dec. 31, 2025) – As AI vendor race competition heats up, Gartner, Inc., has identified the Companies to Beat in nearly 30 AI technology races across five categories. “The Company to Beat is determined by a methodology based on, but not limited to, six key criteria that differentiate top vendors in the space: technical capabilities, customer implementations, potential customer base, business model, key partnerships, and the broader surrounding ecosystem,” said Anthony Bradley, Group Vice President at Gartner. “An assessment is performed by teams of expert analysts who analyze Gartner market data and collaborate to establish Gartner’s opinions. Analysts consider a variety of data and information sources, including, but not limited to, interactions with end-users and vendors, peer review, public data, Gartner proprietary data and analysts’ own explorations on the market,” said Bradley. “As these fast-moving AI Vendor Races evolve, Gartner’s coverage, assessment, insights, and advice on how to compete will evolve in concert, and different vendors can become the Company to Beat.” The Companies to Beat in the AI Vendor Race segments are broken into five categories: Data & Infrastructure: including...

New York, NY (Dec. 31, 2025) – In a global cyber environment marked by major security lapses, cyberattacks, and technology outages, new research by Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan, reveals that organizations around the world are more confident in how they approach cyber risk management and are planning to invest even more in cybersecurity defenses in 2026. The report, Cyber catalyst report: Guiding priorities in cyber investments, draws insights from more than 2,200 cyber risk leaders across 20 countries and eight global regions. The study provides a snapshot of the rapidly evolving cyber risk landscape, revealing critical trends, challenges, and strategic priorities that shape how organizations worldwide manage and mitigate cyber threats. Among the key findings, nearly 75% of organizations globally express high confidence in their overall cyber risk management strategies. Confidence varies by regions, with organizations in India, Middle East and Africa region expressing the most confidence at 83%, while organizations in Asia are the least confident at 50%. Additionally, nearly two-thirds (66%) of organizations worldwide plan to increase their cybersecurity investments in the coming year, with more than a quarter (26%) planning to increase their budgets by 25%...

New York, NY (Dec. 17, 2025) – Accenture is pleased to announce it has invested, through Accenture Ventures, in Alembic, a leading AI-powered causal marketing intelligence platform that can determine which marketing campaigns deliver a return on investment (ROI). As part of this investment, Accenture and Alembic are entering into a strategic partnership to help clients dynamically measure marketing effectiveness and use AI-driven insights to boost revenue. Recent research from Gartner found that two-thirds of marketing leaders reported moderate to significant challenges demonstrating the impact of marketing campaigns on business outcomes to key stakeholders.[1] Alembic’s AI-powered causal platform collects and analyzes data across multiple marketing channels—including broadcast, social, site traffic and direct-to-consumer communications—and couples this with sales data. The platform identifies links between actions and outcomes, assigning an impact score for each channel or marketing event. The result is real-time insights that can be used to guide marketing spend, and tangible connections between marketing campaigns and revenue impact. “Our clients are not just implementing AI; they are undergoing total enterprise reinvention, which hinges on trust and intelligence at the digital core,” said Julie Sweet, Chair and CEO of Accenture. “Alembic’s Causal AI provides exactly that by moving the enterprise beyond...

Winnipeg, MB (Jan. 5, 2026) – With over 2,600 cases of physical damage and bodily injury claims suspected of fraud at Manitoba Public Insurance (MPI) in 2025, narrowing the list to only five is challenging. A body builder, an injured arsonist, a vehicle headed for Dubai, a Porsche hunt, and covert cases of beer stand out amongst the rest of the incidents that MPI’s Special Investigation Unit (SIU) investigated, saving Manitoba ratepayers almost $17 million dollars in attempted auto insurance fraud this year. “While many of you will shake your heads or even chuckle at the audacity of some of these cases we are highlighting, MPI is sharing these fraud attempts to emphasize that insurance fraud has a cost, and that cost is borne by all of us in Manitoba,” said John Bowering, MPI’s Vice President & Chief Claims Officer. “Our SIU team is committed to seeking out instances of fraud, and they have a breadth of expertise when it comes to investigations. Their hard work saves Manitobans money and maintains the integrity of our public insurance system.” Every Manitoban can do their part. Anyone with information about auto insurance fraud is encouraged to call the MPI TIPS Line at...