Nearly half of businesses do not have social media and networking policies in place, despite the fact that 76% use social networking for business purposes and many report abuse or misuse of social networks.These findings come from an informal survey…
The insurance industry is calling for the accreditation and regulation of assessment clinic ownership to help put the brakes on fraudulent accident benefits claims. Fake accident treatment charges are costing insurers roughly $1.3 billion, a recent Toronto Star article says,…
Given that nearly 50,000 teens obtained their first drivers licence in 2010, ICBC is reminding parents to set a good example for these novice drivers. Not only are these new drivers more prone to crashes, but 25% of their crashes…
The American National Standards Institute (ANSI) has approved the Risk and Insurance Management Society (RIMS) as an accredited standards development organization.This status enables RIMS to take a lead role in shaping and developing risk management standards, a RIMS release says.…
RSA Travel Insurance Inc./Assurance Voyage RSA inc. (RSA Travel), part of RSA Canada, has completed its acquisition of the business assets and insurance expertise of travel distributor etfs and the etfs trademark. “We are delighted to welcome etfs into the…
Legal counsel representing claimants in Ontario arbitrations are not required to docket their hours in order for claimants to receive their legal expenses at the high range of the scale determining hours worked, an Ontario arbitrator has ruled. In Kamal…
Chartis Insurance Company of Canada has launched a product offering first party coverage for expenses and construction completion delay resulting from the unexpected discovery of heritage resources at a construction site.Heritage Resources is available as an endorsement to Chartis Canada’s…
PPG Automotive Refinish has introduced a new waterborne midcoat to its Vibrance Collection.The new product, VWM5556 Waterborne Midcoat, is a waterborne solution for painters using custom colours, special-effect colourants and pigments available in the PPG Vibrance Collection of coating. Previously,…
EQECAT is launching an updated version of its Canada quake model in July. The model, part of EQECAT’s WORLDCATenterprise platform, will feature the following key aspects:• Consistent results across the U.S. border: the use of identical definitions for events affecting…
Texting while driving is the Number 1 road safety concern of Quebecers and Canadians, according to a Canadian Automobile Association (CAA) poll.“Although it may seem obvious to say that texting while driving is dangerous, far too many drivers are ready…
Quebec’s insurance regulator has inked a deal with France’s insurance regulator to facilitate mobility of insurance and securities professionals between Quebec and France. “This mutual recognition of professional qualifications will benefit individuals from Quebec and France who wish to pursue…
The Insurance Corporation of B.C. (ICBC) is examining its options to reduce a basic rate increase for next year.ICBC has advised the British Columbia Utilities Commission (BCUC) that it will file its basic rate application by the end of the…