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Insurers flush while investors wait for bank stock recovery
Signage is seen on Manulife Financial Corp.'s office tower in Toronto, Tuesday, Feb. 11, 2020.
cost of living
With $2.8-billion in payouts, Calgary’s August hailstorm becomes Canada’s second most expensive weather event
Chris Miles, right, Chief Operating Officer, of the Calgary Airport, speaks to members of the media on a tour of a closed concourse as repairs are underway at the Calgary International Airport after parts of its domestic terminal building were closed late Monday due to damage caused by hail and heavy rainfall, in Calgary, Alta., Aug. 6, 2024. The Calgary Airport Authority says it will take at least a year and a half to fix part of its domestic terminal that was hammered by hail earlier this month. It says Concourse B will be closed while restoration work is done. THE CANADIAN PRESS/Jeff McIntosh
report on business
Sun Life names Jessica Tan as president of domestic business
FILE PHOTO: The Sun Life Financial logo is seen at their corporate headquarters of One York Street in Toronto, Ontario, Canada, February 11, 2019. REUTERS/Chris Helgren/File Photo
cost of living
Worried about an Air Canada pilot strike? Be careful about cancelling or rebooking your flights
The Air Canada gate at the Vancouver International Airport in Richmond, B.C., on September 09, 2024. Jimmy Jeong/The Globe and Mail.
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Insurance companies seek reforms to allow insurance adjusters to more easily work in other provinces after disasters
Cars drive slowly through water overflowing on to highway 40 in Sainte-Anne-de-Bellevue on the island of Montreal after heavy rains hit the area on Friday, August 9, 2024. Quebec is starting to recover after the remnants of Hurricane Debby pummeled several regions of the province with heavy rainfall on Friday, knocking power out and flooding roadways and basements. THE CANADIAN PRESS/Peter McCabe
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U.S. property insurer enters Canada with coverage aimed at wealthy homeowners
The flooded parking lot at Grand Touring Automobiles, a luxury car dealership on Dundas Street in east end Toronto. Torrential rain flooded the nearby Don River and closed down the Don Valley Parkway. July 16, 2024 (Melissa Tait/The Globe and Mail)
tax matters
Life insurance can be an effective way to pay for an education
Tim Cestnick
cost of living
Airport lounge access, travel companions and insurance: why some credit card benefits are not worth the hype
Barry Choi
world
Trump calls for universal coverage of IVF treatment with no specifics on how his plan would work
Former US President and Republican presidential candidate Donald Trump arrives to speak about the economy during a campaign event in Potterville, Michigan, on August 29, 2024. (Photo by JEFF KOWALSKY / AFP) (Photo by JEFF KOWALSKY/AFP via Getty Images)
world
Sunk superyacht likely to cost insurers at least $150-million, experts say
Italian firefighter divers work at the site of a shipwreck, in Porticello, Sicily, southern Italy, Thursday, Aug. 22, 2024. Divers searching the wreck of the superyacht Bayesian that sank off Sicily on Monday recovered a fifth body on Thursday and continued to search for one more as investigators sought to learn why the vessel sank so quickly. (AP Photo/Salvatore Cavalli)
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Ontario teacher files complaint with regulator over insurer restricting her choice of pharmacy
A sign for the Ontario College of Pharmacists is seen at its headquarters in Toronto on Friday, Nov. 1, 2019. The college was holding a disciplinary hearing into pharmacist Jason Newman, of London. Ont., who was accused of misconduct in how he dispensed the anti-opioid drug naloxone. THE CANADIAN PRESS/Colin Perkel
canada
Insurance Bureau of Canada says Jasper wildfire will cost insurers more than $880-million
A worker walks in a devastated neighbourhood in west Jasper, Alberta on Monday August 19, 2024. The Insurance Bureau of Canada says the wildfire that tore through Jasper is the second-most expensive one in Alberta's history for insured losses. THE CANADIAN PRESS/Amber Bracken
property report
Floods, fires, hail: Making Canada’s buildings climate-resilient
globe climate newsletter
Globe Climate: As backyards disappear, urban planners still want to bring nature to our doorstep
Ryan Godfrey shows off the native plants on his sixth floor balcony garden in Toronto, Ontario, on Thursday, August 1, 2024. Photo by Chloe Ellingson
alberta
Fire-restoration companies work to bring Jasper homes back to life after surviving wildfires
Workers continues to assess, repair and rebuild as some residents return to Jasper, Alberta on Monday August 19, 2024. Wildfire caused evacuations and widespread damage in the National Park and Jasper townsite. THE CANADIAN PRESS/Amber Bracken
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Ontario government seeks input on whether to regulate deals between insurers and pharmacies
Climate change is changing summer with periods marked by dangerous heat waves that can cause several health problems, especially for those on certain medications, which can provoke reactions that could be dangerous. Prescription drugs are seen on shelves at a pharmacy in Montreal on March 11, 2021. THE CANADIAN PRESS/Ryan Remiorz
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Natural disasters including Hurricane Debby and Jasper wildfires hit insurers with spike in catastrophe losses
A cyclist takes in a heavily damaged neighbourhood as some residents return to Jasper, Alberta on Monday August 19, 2024. Wildfire caused evacuations and widespread damage in the National Park and Jasper townsite. THE CANADIAN PRESS/Amber Bracken
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Yacht insurance provider OMAC is hull carrier for sunken yacht in Sicily, sources say
Rescue boats return to Porticello harbor near Palermo, after they found two bodies, on August 21, 2024 two days after the British-flagged luxury yacht Bayesian sank. Divers searching for six missing people following the sinking of a superyacht off Sicily in a storm have found two bodies, a source close to the search told AFP. The Bayesian, which had 22 people aboard including 10 crew, was anchored some 700 metres from port before dawn when it was struck by a waterspout. Among the six missing were UK tech entrepreneur Mike Lynch and his 18-year-old daughter Hannah, and Jonathan Bloomer, the chair of Morgan Stanley International, and his wife Judy. (Photo by Alberto PIZZOLI / AFP) (Photo by ALBERTO PIZZOLI/AFP via Getty Images)
alberta
‘Missing part of its soul’: Jasper residents take stock of wildfire destruction
Resident Alice Foubert photographs damage in Jasper, Alberta, because she says the disaster is part of Jasper's history, on Monday August 19, 2024. Wildfire caused evacuations and widespread damage in the National Park and Jasper townsite. THE CANADIAN PRESS/Amber Bracken
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Rise in climate-related floods leaves Windsor residents uncertain about insurance coverage
Gord Nascimento takes a break from the construction of a concrete berm around a portion of his home on Roseborough Rd. in Harrow, Ont., Friday, June 21, 2024. Nascimento, as well as many others in town, experienced severe flooding last year.
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