TORONTO, May 6, 2024 /CNW/ – A new report from Insurance Bureau of Canada (IBC) recommends policies that governments can adopt to help stabilize commercial insurance premiums for businesses and reduce cost pressures within the commercial insurance market.
“Our report provides governments with a road map for enhancing the sustainability of the commercial insurance market,” said Liam McGuinty, Vice-President, Strategy, IBC. “Key recommendations focus on reducing tax burdens, adapting to climate change, reforming tort laws, tackling challenges in commercial trucking, and enhancing cybersecurity measures. These initiatives will contribute to a stronger commercial insurance ecosystem, better equipped to support Canadian businesses.”
In developing the report, Fuelling business prosperity – government’s role in fostering…
