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Alberta government provides $15M a year for FireSmart program, up from $3.8M last year

April 17, 2017 by Canadian Underwriter

The Government of Alberta has announced it is providing $15 million a year for its FireSmart program, up from $3.8 million last year, to help communities boost their wildfire protection activities. FireSmart uses preventative measures to reduce wildfire threat to

News CatastrophesInsurancePersonal Lines

Ice jam causes minor flooding in N.B., water levels in Fredericton area to increase near flood stage

April 17, 2017 by Canadian Underwriter

An ice jam caused minor flooding on a residential street in the New Brunswick community of Middle River, the province’s Emergency Measures Organization (EMO) reported on Sunday. However, water levels have subsided after some residents were cut off from their

News AssociationsCommercial LinesInsurancePersonal LinesTechnology

Carriers should more fully explore potential in episodic insurance, CIAA event hears

April 17, 2017 by Angela Stelmakowich

Insurance carriers need to more seriously consider the potential that exists in episodic insurance and how such an approach could alter offerings, Mukul Ahuja, leader of insurance strategy and innovation at Deloitte Canada, suggested Thursday. “Not nearly enough carriers are

News AssociationsCommercial LinesInsurancePersonal LinesTechnology

Autonomous vehicles coming, but auto books will not disappear any time soon: CIAA event speaker

April 17, 2017 by Angela Stelmakowich

Autonomous vehicles are coming, but there is no need for property and casualty insurers to panic that their auto books are going to quickly disappear, Andrew Lo, president and chief operating officer of Kanetix Ltd., said Thursday at the Canadian

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30 Forensic Engineering Expert Jeff Reitsma Delivers Breakout Session at PLRB Claims Conference in Boston

April 17, 2017 by -30- Forensic Engineering

(Toronto) — 30 Forensic Engineering, Canada’s leading and fully-independent multi-disciplinary forensics firm, is pleased to announce that Jeff Reitsma, MBA, PMP, P.Eng Practice Lead, Remediation, was given the opportunity to present at the 2017 Property & Liability Resource Bureau (PLRB) Claims Conference

News InsuranceTechnology

Facebook a ‘critical part’ of financial service providers’ marketing strategy: CSIO speaker

April 17, 2017 Greg Meckbach, Associate Editor

Insurance providers need to consider mobile computing devices and targetting prospective customers at certain stages of their life, a Facebook Canada official recently told members of the Centre for Study of Insurance Operations. “Think mobile first,” said Robert Geller, a

News Commercial LinesInsurancePersonal LinesProfessional DevelopmentTechnology

More than 23 million eDocs transmitted in 2016: CSIO chair

April 16, 2017 Greg Meckbach, Associate Editor

The Centre for Study of Insurance Operations held its annual general meeting Thursday, acclaiming the president of the Insurance Brokers Association of Ontario as a new board member and announcing the use of its eDocs standard was up about 45%

News AppointmentsAssociationsInsuranceProfessional DevelopmentTechnology

Dave Schioler, CEO of Insurance Brokers Association of Manitoba, to step down in April 2018

April 15, 2017 by Canadian Underwriter

The Insurance Brokers Association of Manitoba (IBAM) announced on Thursday that CEO Dave Schioler will be stepping down effective April 11, 2018. Noting that he still has much to do at IBAM during what will now be a transition year,

News Commercial LinesInsuranceLegislation / RegulationMarkets / CoveragesMergers and AcquisitionsPersonal LinesReinsurance

161 companies have exited Canadian P&C market in past 20 years, 96% voluntarily: PACICC

April 13, 2017 Jason Contant, Online Editor

Over the past 20 years, 161 different insurance companies have exited the Canadian P&C market, 96% of which were voluntary exits, according to a new report from the Property and Casualty Insurance Compensation Corporation (PACICC). The report, the 11th in

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Economical earns highest recognition from Women in Insurance Cancer Crusade Ontario for consistent funding for the fight against cancer

April 13, 2017 by Economical Insurance

WATERLOO, ON, April 13, 2017 — Economical Insurance is the proud recipient of the 2017 Hall of Flame Award, the highest level of recognition offered by Women in Insurance Cancer Crusade (WICC) Ontario, for its significant financial contributions to the

News InsuranceLegislation / RegulationPersonal Lines

Ontario should create ‘list of documents that must be produced’ in personal injury auto lawsuits: Marshall

April 13, 2017 by Canadian Underwriter

The Ontario government should consider allowing auto insurers to offer consumers more choices and come up with new rules for the tort system bearing in mind that personal injury auto lawsuits “seldom involve complex issues of law,” a special adviser

News CatastrophesCommercial LinesInsuranceMarkets / CoveragesReinsurance

Swiss Re losses from Cyclone Debbie currently estimated at US$350 million

April 13, 2017 by Canadian Underwriter

Swiss Re currently estimates its claims burden from tropical cyclone Debbie in Australia at about US$350 million, net of retrocession and before tax, while the total insured market losses associated with the event is estimated at around US$1.3 billion. The