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News AssociationsInsuranceProfessional Development

Nominations for Dale Rempel Award of Excellence now open

May 31, 2016 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) is accepting nominations for the 2016 Dale Rempel Award of Excellence, which recognizes an individual who has demonstrated commitment and support of education and life-long learning for those working in the property and

Side of flooded suburban house with water being pumped out, April in northern Illinois
News AssociationsCatastrophesCommercial LinesInsurancePersonal Lines

Floods in U.K. expected to produce repair bill of £1.3 billion, good progress on repairs to date

May 26, 2016 by Canadian Underwriter

The average cost of a domestic claim for the floods caused by Storms Desmond, Eva and Frank – which hit the United Kingdom in December and early January – is higher than usual, with the Association of British Insurers (ABI)

FILE - In this May 13, 2014 file photo, a Google self-driving car goes on a test drive near the Computer History Museum in Mountain View, Calif. Self-driving cars are expected to usher in a new era of mobility, safety and convenience. The problem, say transportation researchers, is that people will use them too much. (AP Photo/Eric Risberg, File)
News AssociationsInsuranceLegislation / RegulationPersonal LinesTechnology

Insurance industry ‘has to be ready’ for automated vehicles: Insurance Institute speaker

May 25, 2016 Greg Meckbach, Associate Editor

The rollout of fully autonomous vehicles for consumers “is quite a bit further off than we might expect,” and experts need to educate consumers about the limitations of the technology, but insurance providers should get ready over the next five

iStock_000083459641_Small
News AssociationsInsuranceMarkets / Coverages

World Bank announces “first-ever insurance market for pandemic risk”

May 25, 2016 by Canadian Underwriter

The World Bank Group has announced that it is creating the Pandemic Emergency Financing Facility (PEF), “an innovative, fast-disbursing global financing mechanism designed to protect the world against deadly pandemics, which will create the first-ever insurance market for pandemic risk.”

Customer survey feedback
News AssociationsInsurancePersonal Lines

Only 42% of polled Ontarians aware of upcoming auto insurance reforms: IBAO

May 25, 2016 by Canadian Underwriter

Consumer awareness of auto insurance reforms in Ontario – many of which come into force June 1 – is far from complete, with just four in 10 survey respondents reporting they are aware of the changes. Based on feedback from

Close up of a young hipster smoking cigarette.
News AssociationsInsurancePersonal Lines

Some motorists under the influence of marijuana believe they can drive safely: poll

May 18, 2016 by Angela Stelmakowich

More than four in 10 polled Canadians who have driven under the influence of marijuana reported they believe there was no impact on their ability to drive safely, indicate results of a State Farm Canada survey released Tuesday. Results –

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Photos Associations

Insurance Brokers Association of Alberta (IBAA) 2016 Convention and AGM, May 15-18, 2016

May 15, 2016 by Canadian Underwriter

Insurance Brokers Association of Alberta (IBAA) held a successful 2016 Convention and AGM in picturesque Banff, Alberta, May 15 to 18. The convention’s theme was ‘connect’ and included a robust agenda including Keynote (Richard Bertram, WestJet’s vice president, communications and community

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Photos Associations

57th Annual Reception of the Quarter Century Club, May 13, 2016

May 13, 2016 by Canadian Underwriter

A solid turnout of 200+ industry representatives attended the 57th Annual Reception of the Quarter Century Club (QCC) on May 13 at the Albany Club in Toronto. The event was a roast for Brad Ebel, partner and president of MDD Forensic

Car
News AssociationsInsuranceLegislation / RegulationPersonal Lines

Ontario auto reforms should help cut transaction costs: Cameron

May 11, 2016 by Angela Stelmakowich

If things unfold as intended, Ontario’s auto insurance reforms should help reduce transaction costs that have long been an issue for the entire system, James Cameron, president of Cameron & Associates, suggested during an industry event Tuesday. “The goal of

Shatter
News AssociationsInsuranceLegislation / Regulation

Ontario adjusters will need retraining on injury definitions as part of auto reforms taking effect in June: Walker

May 11, 2016 by Angela Stelmakowich

Insurance adjusters will likely need to be re-educated and retrained on new medical terminology when the latest batch of Ontario auto insurance reforms – which include a revised definition catastrophic impairment – comes into force June 1, Laurie Walker, president

Note: V2I means "vehicle to infrastructure"; V2V means "vehicle to vehicle."
News AssociationsInsuranceLegislation / RegulationPersonal LinesTechnology

Insurance Institute of Canada issues “call to action” on driverless vehicles

May 5, 2016 by Canadian Underwriter

Clear determination of responsibility is essential to ensuring effective insurance coverage of driverless vehicles, but the “next 10 years may have less clarity about responsibility than the past 40 or 50 years,” according to a new report released on Thursday

Insurance Policy
News AssociationsInsuranceProfessional DevelopmentTechnology

Global insurers can now register for “cyber-safe” .insurance domain name

May 5, 2016 by Canadian Underwriter

Early registration for the “cyber-safe” .insurance domain name opened on Wednesday via Instra Corporation, the corporate domain name retailer subsidiary of London, United Kingdom-based CentralNic plc. The protected domain space for the insurance industry “promises enhanced security for tens of