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New Brunswick government recommends winter tires but won’t make them mandatory

December 14, 2016 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – New Brunswick is resisting renewed calls to make snow tires mandatory, as provinces across the country take different legislative approaches to the annual slip and slide of winter driving. Green Leader David Coon says, just like seatbelts, mandatory

Empty road to upcoming 2017 against the big cloud
News Commercial LinesEarnings / RatingsInsurancePersonal Lines

U.S. personal lines stable, commercial lines remain negative in A.M. Best’s 2017 outlooks

December 14, 2016 by Canadian Underwriter

Ratings firm A.M. Best is maintaining a stable outlook for 2017 on the personal lines segment of the property and casualty industry in the United States, while also maintaining a negative outlook on commercial lines. The Oldwick, N.J.-based firm maintained

Smart city and Wireless network of vehicle
News InsuranceLegislation / RegulationPersonal LinesTechnology

U.S. government to require cars to be able to talk to each other

December 13, 2016 Joan Lowy - THE ASSOCIATED PRESS

WASHINGTON – All new cars and light trucks would be able to talk wirelessly with each other, with traffic lights and with other roadway infrastructure under a proposal released Tuesday by the Department of Transportation. Officials say the technology holds

Flood Red River 2011
News CatastrophesCommercial LinesInsurancePersonal Lines

Chance of “moderate to major flooding” in some locations in Manitoba, report says

December 13, 2016 by Canadian Underwriter

There is a chance of “moderate to major flooding” in some locations in Manitoba, according to the 2016 Fall Conditions Report from Manitoba Infrastructure. The report, released on Tuesday, indicates high levels of soil moisture at freeze-up in the western

Balance Sheet
News CatastrophesCommercial LinesEarnings / RatingsInsuranceLegislation / RegulationPersonal Lines

Canadian P&C outlook stable, driven by good demand, strong underwriting discipline and solid balance sheets: Moody’s

December 13, 2016 by Canadian Underwriter

The outlook for the Canadian property and casualty (P&C) industry is stable, driven by good demand, strong underwriting discipline and solid balance sheets, Moody’s Investors Service said in a report released on Monday. However, despite the stable outlook, these trends

City Hall - Toronto
News CatastrophesInsurancePersonal Lines

Toronto city council to consider accelerating basement flooding protection spending

December 12, 2016 by Canadian Underwriter

A proposal to advance the 2018 cashflow for Toronto’s basement flooding protection program into 2017 will be considered by City Council Tuesday. Toronto’s Basement Flooding Protection Program – which includes construction of surface storage ponds, an underground storm storage tank

Sleepy driver
News InsuranceLegalPersonal Lines

Drivers with fewer than four hours’ sleep had 11.5 times the crash rate of those who slept seven hours or more: AAA

December 9, 2016 by Canadian Underwriter

There is a “significantly elevated” risk of a collision if a driver has slept for fewer than seven hours in the previous 24, the AAA Foundation for Traffic Safety concluded in a recent report. The Washington, D.C.-based AAA Foundation for

News CatastrophesCommercial LinesInsurancePersonal Lines

Cost for Cape Breton flood damage could surpass $15 million: minister

December 9, 2016 The Canadian Press

HALIFAX – The estimated cost for damage caused by the Thanksgiving Day floods in Cape Breton could exceed $15 million, says the Nova Scotia government. Zach Churchill, minister responsible for the Emergency Management Office, said Thursday the total could run

Fraud Concept - Magnifying Glass.
News InsuranceLegalPersonal LinesTechnology

ICBC identifies over 3,000 possible fraud alerts on open claims with new analytics software

December 9, 2016 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) has discovered 3,300 possible fraud alerts on open claims over the last three years following a review with a new analytics tool. ICBC reported on Thursday that it has signed a five-year agreement

Friends on the move looking for car pooling
News InsurancePersonal LinesTechnology

Northbridge Insurance covering ridesharing service in Waterloo, Ontario area

December 8, 2016 by Canadian Underwriter

Northbridge General Insurance Corporation is writing an auto policy for RideCo, which provides what RideCo calls “personalized, express transit service” in the Kitchener-Waterloo, Ontario area, Northbridge Insurance announced Thursday. “The Northbridge Insurance policy is issued to RideCo, with both RideCo,

Online shopping for Christmas with credit card
News InsurancePersonal LinesTechnology

Belairdirect launches simplified home insurance quote tool

December 8, 2016 by Canadian Underwriter

Online insurance company belairdirect has launched a new home insurance “quick quote” tool aimed at reducing the amount of time customers typically spend obtaining such a quote. Belairdirect said in a press release on Thursday that tool, “accessible through any

News InsurancePersonal LinesTechnology

Crews in B.C. preparing bridges for safety in anticipation of second snowfall

December 8, 2016 by Canadian Underwriter

British Columbia’s Ministry of Transportation and Infrastructure is advising drivers in Metro Vancouver that “work is well underway” to prepare the Alex Fraser and Port Mann bridges for a snowfall expected later Thursday. On Tuesday, the Canadian Press reported that