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One solution for non-damage business interruption

February 21, 2019 by Jason Contant

Parametric insurance can help fill a gap in some policies by covering non-damage business interruption, a speaker said Tuesday at AXA XL’s Fast Forward LIVE event in downtown Toronto. Caused by a variety of factors, including severe weather conditions, non-damage

News ClaimsInsuranceLegal

AB case generates massive confusion around “but for” causation test

February 21, 2019 by Jason Contant

A recent Ontario accident benefits case has highlighted ongoing confusion about how to identify and apply the proper causation test — including the contentious “but for” clause. The case revolves around whether the “but for” test of causation or the

News InsuranceLegislation / RegulationTechnology

How this province is handling autonomous vehicle testing

February 21, 2019 by Greg Meckbach

The Ontario government wants to expand testing of autonomous vehicles in the province. “Our government is taking active steps to open the door for expanded testing related to connected and autonomous vehicles in Ontario,” Michael Parsa, parliamentary assistant to the

insPRESS Insurance

Xpera Welcomes National Account Manager, Jack Schmidt, to Vancouver Office

February 21, 2019 by SCM Insurance Services

BURNABY, BC, FEB. 21, 2019/insPRESS/ – Xpera Risk Mitigation & Investigation, an SCM Insurance Services company and Canada’s leading provider of investigation and risk solutions, today announced the appointment of Jack Schmidt as National Account Manager, British Columbia. With over 20

insPRESS Insurance

ClaimsPro Welcomes Melissa Joynt to the Ontario team

February 21, 2019 by SCM Insurance Services

TORONTO, ON, FEB. 21, 2019/insPRESS/  – ClaimsPro, Canada’s leading provider of independent claims adjusting services and an SCM company, is delighted to announce the appointment of Melissa Joynt, as a Forensic Accountant assisting in the claims adjustment process. Ms. Joynt joins

insPRESS Insurance

Crawford Appoints Greg Smith as Chief Client Officer (Canada)

February 21, 2019 Crawford & Company (Canada) Inc.

TORONTO, ON, FEB. 21, 2019/insPRESS/ – Crawford & Company (Canada) Inc. announced today the appointment of Greg Smith to the position of chief client officer overseeing the sales, account management and marketing functions within the Canadian operations, effective immediately. This strategic

insPRESS Insurance

Harold Stark joins EFI Global as project manager in Edmonton

February 21, 2019 by Sedgwick

EDMONTON, AB, FEB. 21, 2019/insPRESS/ – EFI Global, a full-service international consulting firm specializing in forensic engineering, environmental, fire investigation and specialty consulting services, has appointed Harold Stark, M.Sc., EP, to the role of project manager in its Edmonton, Alberta, office.

News InsuranceMarkets / CoveragesReinsurance

The two main benefits of parametric insurance

February 20, 2019 by Jason Contant

Speed is one of the main benefits of parametric insurance compared to traditional forms of insurance, with the underwriting process taking just several days to two weeks, speakers from AXA Global Parametrics in France said Tuesday. Parametrics is index-based insurance,

News InsuranceMarkets / Coverages

The impact of hardening Lloyd’s market on Fairfax

February 20, 2019 by Greg Meckbach

A tough Lloyd’s market and California’s worst-ever wildfire led to an underwriting loss for Brit Plc, which Toronto-based Fairfax Financial Holdings Ltd. acquired in 2015. Fairfax officials faced pointed questions during its recent earnings call from one analyst who suggested

News Insurance

What can happen if client fails to insure valuable shipment

February 20, 2019 THE CANADIAN PRESS

HALIFAX – A top Canadian naval officer is out 50 rare coins he valued at $38,000 with little to show for it, after a Nova Scotia small claims court found FedEx Canada not liable for the full value of his

News BrokersInsurance

NFP Corp acquires Ontario P&C brokerage

February 20, 2019 by David Gambrill

NFP Corp., a global insurance brokerage and consultant, has acquired Ontario-based property and casualty brokers Mass Insurance Brokers Limited and Easyway Insurance Brokers Inc (collectively known as Mass). Terms of the deal were not disclosed. NFP announced the deal, which

News Insurance

Paid 3 Ways Small Businesses Can Stay Compliant Under Federal Privacy Laws

February 20, 2019 David Smagata, DAS

How can small businesses stay compliant under PIPEDA? The Office of the Privacy Commissioner of Canada has published various online resources for both individuals and businesses to help better understand their obligations under the Personal Information Protection and Electronic Document