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Why dirt bike accident victim can get Ontario auto accident benefits

March 6, 2021 by Greg Meckbach

An Ontario claimant who suffered a severely disabling injury after falling off his dirt bike during a competition is entitled to accident benefits under his auto policy. This is the result of Beaudin v. Travelers Insurance Company of Canada, released

News Insurance

Why auto rates are increasing despite fewer drivers on the road

March 6, 2021 by Jason Contant

Average auto insurance rates rose in Canada during the second half of 2020 despite the COVID-19 pandemic and lockdowns that led to fewer drivers on the road, a new report from LowestRates.ca found. The average auto insurance premium climbed by

News Insurance

By how much productivity for restoration firms dropped in the pandemic

March 6, 2021 by Adam Malik

The head of a claims restoration company says it’s reasonable to believe that productivity in his company and the industry as a whole has dropped by nearly 20% due to the global COVID-19 pandemic. That would be on par with

News Insurance

COVID’s impact on P&C insurance in 2021? All bets are off for Aviva’s CEO

March 6, 2021 by David Gambrill

Having reported improved financial results for Aviva Canada in 2020, Aviva Canada’s CEO Jason Storah has his sights set on what the future may hold for 2021 — and frankly, all bets are off. “It’s such a volatile environment, one

News Insurance

B.C. eases requirements, extends deadline for small business recovery grants

March 5, 2021 The Canadian Press

VICTORIA – The B.C. government has eased the eligibility requirements and extended the deadline for small and medium-sized businesses applying for funds under its $345-million pandemic recovery grant program.   Businesses with up to 149 employees must now show a 30

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Health Canada says vaccine boosters will be approved more easily

March 4, 2021 Mia Rabson, The Canadian Press

OTTAWA — Health Canada says it won’t require new clinical trial data from vaccine makers on booster shots being developed to target new variants of COVID-19. Instead, the regulator will rely more heavily on lab tests on blood samples, which

News Insurance

6 principles for P&C leaders on return to office work

March 4, 2021 by Jason Contant

Leaders in the Canadian property and casualty insurance industry should resist the following two urges: 1) making a hasty decision to return to work; and 2) mimicking high-profile companies that quickly announce plans to embrace remote work permanently. These are

News BrokersInsurance

Why size matters to Western Financial Group

March 4, 2021 by Greg Meckbach

Some brokers are entering into mergers or partnerships so they can more easily place hard-to-find coverage, according to one brokerage executive. “We just feel that some brokers who do not necessarily have our volume are struggling to find market support

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Is it time to ease up on the video calls?

March 4, 2021 by Adam Malik

New research shows the influx of video calls brought about by the COVID-19 pandemic is tiring people out. “Zoom” has become a verb to describe videoconference meetings, said professor Jeremy Bailenson, founding director of the Stanford Virtual Human Interaction Lab.

News InsuranceLegislation / Regulation

Aviva reacts to new Ontario towing restrictions

March 3, 2021 by Greg Meckbach

Aviva Canada is supporting new provincial towing restrictions on some Toronto area provincial expressways. On some sections of road, a single towing company will be contracted to remove private passenger vehicles that need to be towed, the Ontario government announced

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How (and when) to turn a post-earthquake fire Cat into a kitten

March 3, 2021 by David Gambrill

Huge insurance bills for natural disasters such as fire following earthquake could be substantially reduced by paying for improvements that amount to a fraction of the damage estimates. But timing is everything when recommending how to “build back better,” says

News Insurance

How the pandemic made for better strategic planning

March 3, 2021 by Adam Malik

The COVID-19 pandemic forced one insurance association to change how they typically map out their future. The result ended up being a product they believe is better than something that would have been produced in normal times. For many, planning