Kate McCaffery is a journalist for the Insurance Journal Publishing Group, focusing on national coverage in Canada. With a keen interest in regulatory actions and industry developments, Kate's articles provide insights into the insurance sector, including issues related to compliance, enforcement, and market conditions.
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Canada (National)
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Kate McCaffery's coverage centers around financial regulations, fines and penalties, insurance, compliance, and government policies in Canada. She heavily focuses on legal and compliance themes with a significant portion of her articles coming from government announcements and citing data.
Given her focus on Canadian financial regulations and business-related topics, she may be interested in commentary or insights from experts familiar with the Canadian regulatory landscape. Professionals knowledgeable about compliance issues within the finance industry or those specializing in Canadian insurance policies could provide valuable input for her articles.
It would also be beneficial to offer perspectives that align specifically with recent governmental announcements related to financial regulations or updates impacting businesses operating within Canada.
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By: Kate McCaffery
New, initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ), under license to the Insurance Bureau of Canada (IBC), suggest that the atmospheric river which led to intense flooding in southern British Columbia in October, resulted in more than $110-million in insured damage.
Insurers and claimants must make the switch before May 7, 2025.
New figures from insurance software provider, Applied Systems, published in that company’s third quarter 2024 Applied Commercial Index of Canadian premiums, shows year-over-year average premium rates decreasing across most commonly placed commercial lines of business.
By: Kate McCaffery
The results are still three per cent higher than third quarter 2022 results.
By: Kate McCaffery
Emerging legal issues in the United States likely a harbinger for industry watchers.
The Financial Services Regulatory Authority of Ontario (FSRA) has published its third quarter solvency report for defined benefit (DB) pension plans, showing a two percentage point decrease over the last quarter’s overall funded position – this slipped to 121 per cent as of September 30, down from 123 per cent as of June 30. They say solvency discount rates decreased from one quarter to the next, resulting in an increase in plan liabilities, which largely offset the impact of asset gains made over the quarter.
Sufferers receive drastically different care depending on their home province or territory.
By: Kate McCaffery
According to a new sigma report from the Swiss Re Institute, global insurance premiums are set to grow at an annual rate of three per cent per year in 2025 and 2026, more than double the rate of the last 10 years, they state.
By: Kate McCaffery
The Financial Services Regulatory Authority of Ontario
By: Kate McCaffery
Reinsurance Group of America to reinsure long-term care block and structured settlements.
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