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News ClaimsInsuranceMarkets / CoveragesTechnology

Want to offer real-time claims payments? Start planning now

February 19, 2018 by Jason Contant

Canadian insurance companies should start to plan now how they will implement ISO 20022, an international standard that supports electronic payments, the chief operating officer of Payments Canada told Canadian Underwriter Wednesday. “Your large insurance companies… ought to be thinking

News ClaimsInsuranceTechnology

Why driving safety tech doesn’t cut claims costs – yet

February 19, 2018 by Greg Meckbach

Sensor and computer technologies are supposed to make traffic safer but are indirectly increasing insurance claims costs, the head of Canada’s Number 2 insurer warns. Aviva Canada has observed a “double-digit” increase (meaning more than 10%) in property damage costs

News ClaimsInsuranceTechnology

Standards now exist for same-day insurance claims payments

February 15, 2018 by Jason Contant

Imagine when same-day insurance claims payments are a reality, without the need to overhaul any existing infrastructure. That could become a reality sooner than you think. ISO 20022, an international payments messaging standard that supports electronic payments, is already in

News ClaimsInsuranceTechnology

Drone collisions on radar of risk managers

February 15, 2018 Greg Meckbach, Associate Editor

A recent collision between a passenger plane and a drone has prompted Canada’s airplane accident investigation agency to warn of the risk of flying drones near airports. “The use of drones near an aerodrome or within controlled airspace poses a

News ClaimsClimate ChangeInsurance

Cataclysmic hailstorm could cause up to $13.5 billion in damage: ICLR report

February 14, 2018 by David Gambrill

In a low-probability, worst case scenario, a single major hailstorm in Canada could result in insurance claims of up to $13.5 billion, according to a new research paper from the Institute for Catastrophic Loss Reduction (ICLR). “Of concern is that

News ClaimsInsuranceLegislation / Regulation

How British Columbia will handle auto accident benefit disputes

February 14, 2018 Greg Meckbach, Associate Editor

A new dispute resolution system for auto insurance in British Columbia will probably focus both on first-party accident benefit disputes and resolving claims from minor injuries, but the details have yet to be worked out, a spokesperson for the province’s

News ClaimsLegal

Workplace harassment policies should include non-employees, risk manager says

February 14, 2018 Greg Meckbach, Associate Editor

Managing liability risk includes making workplaces free from harassment for not only employees, but also for non-employees, advises Darius Delon, an independent risk consultant based in Calgary. Lawsuits arising from harassment are one major emerging area of risk, said Delon,

Feature ClaimsLegislation / Regulation

The Latest Opportunity in Cyber Coverage

February 12, 2018 Eduard Goodman, Global Privacy Officer, CyberScout

Canadian businesses will soon be required to report all data breaches. Here’s how you can meet their need for cyber coverage.

News ClaimsInsuranceMarkets / Coverages

Look for ICBC to ‘behave more like a private sector company’: IBC

February 9, 2018 by Greg Meckbach

With its cap on minor injury awards announced Tuesday, British Columbia’s government monopoly auto insurer is moving towards a model used by other provinces that have private auto insurance systems, Insurance Bureau of Canada says. Awards for pain and suffering

insPRESS AnnouncementsAppointmentsClaimsInsurance

Total Textile Solutions appoints Stephen Lowe as National Sales Manager

February 9, 2018 Total Textile Solutions

Burlington, ON, Feb. 9, 2018 /insPRESS/ – Total Textile Solutions is pleased to announce that it has appointed Stephen Lowe of Burlington, Ont. as its new National Sales Manager. Mr. Lowe has more than 20 years of experience in sales, success

News ClaimsInsuranceLegalMarkets / CoveragesTechnology

When drone damage could trigger a home insurance claim

February 8, 2018 Greg Meckbach, Associate Editor

When consumers fly unmanned aerial vehicles as a hobby, will their home insurance policies cover them for any lawsuits arising from property damage or personal injury caused by the drones? For the most part, aircraft is excluded in the wording

News ClaimsInsuranceMarkets / Coverages

This province recorded its lowest number of traffic deaths in almost 70 years

February 8, 2018 The Canadian Press

REGINA – Preliminary figures show that in 2017 Saskatchewan recorded its lowest traffic fatality numbers since the 1950s. Saskatchewan Government Insurance says in a release that there were 102 deaths last year compared with 125 in 2016. SGI says the