Featured NewsSevere Weather in 2022 Caused $3.1 Billion in Insured Damage – making it the 3rd Worst Year for Insured Damage in Canadian HistoryEvery community across Canada is at heightened risk of natural catastrophes January 18, 2023 (TORONTO) – Severe weather across Canada continues to highlight the financial costs of a changing climate to insurers, governments and taxpayers. Nationally, insured damage for severe weather events reached $3.1 billion last year, according to Catastrophe Indices and Quantification Inc. (CatIQ). Featured NewsWinter SafetyCanadian winters are tough. From coast-to-coast we all need to be prepared for winter’s wrath. And preparation should start as soon as possible. Featured NewsAre you cyber savvy at work?As cyber threats increase, it’s more important than ever for businesses and employees to take proactive measures to help protect themselves.33 New and Trending Media ReleaseIBC welcomes its new President & CEO, Celyeste PowerJanuary 31, 2023 (TORONTO) – Insurance Bureau of Canada (IBC) is proud to welcome Celyeste Power as its new President and CEO. Power's appointment was announced in November of 2022, and her tenure officially began on January 1.Media ReleaseFact Check: Flawed methodology used in ICBC auto insurance reportOn December 8, 2022, the Insurance Corporation of British Columbia (ICBC) released findings from a new report by Ernst & Young (EY) that suggests that BC drivers...Media ReleaseSevere Weather in 2022 Caused $3.1 Billion in Insured Damage – making it the 3rd Worst Year for Insured Damage in Canadian HistoryJanuary 18, 2023 (TORONTO) – Nationally, insured damage for severe weather events reached $3.1 billion last year, according to Catastrophe Indices and Quantification Inc. (CatIQ).Media ReleaseICBC’s internal operating budget soars to over $1 billionNovember 30, 2022 (VANCOUVER) – Insurance Corporation of British Columbia (ICBC) projects that its annual internal operating expenses – which support employee salaries, benefits and other costs – will grow to more than $1 billion next year.Media ReleaseInsurance Bureau of Canada statement: ICBC projects financial loss of $298 millionNovember 25, 2022 (VANCOUVER) – In the Province of British Columbia's Second Quarterly Report released today, the Insurance Corporation of British Columbia (ICBC) is projected to record a financial loss of $298 million for the current year. Be PreparedCanada’s weather patterns are evolving, and severe weather is occurring more frequently. Know what governments and the insurance industry are doing to mitigate damage and loss, as well as what they can do to help manage a crisis when disaster strikes.