Pacicc
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PACICC, the Property and Casualty Insurance Compensation Corporation, is an industry-funded guarantee fund based in Toronto, ON. It is a not-for-profit organization approved by government regulators, dedicated to safeguarding policyholders and claimants in the rare case of a property and casualty insurer's failure in Canada.
The core mission of PACICC is to protect eligible policyholders from experiencing unwarranted financial loss should a member insurer face insolvency. Additionally, PACICC aims to reduce the costs associated with insurer insolvencies while upholding a strong level of consumer and business confidence within Canada's property and casualty insurance industry.
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