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How D&O insurance is entering unknown territory

December 11, 2019 by Adam Malik

Gone are the days of directors and officers insurance being put to the test due to guidance misses or financial misstatements. Nowadays, the biggest threats are coming from so-called “bad news” events like product recalls, disasters and cyberattacks. And the

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WICC BC Receives the Canadian Cancer Society’s Inspirational Leadership Award

December 11, 2019 WICC BC

VANCOUVER, BC, December 11, 2019/InsPress/ – The Canadian Cancer Society (CCS) has recognized the British Columbia Chapter of Women in Insurance Cancer Crusade (WICC BC) with the Inspirational Leadership Award for the BC and Yukon Region. According to CCS, “the

News AdjustersClaimsClaims CanadaInsuranceLegal

Why this $3-million subrogated fire claim against corporate tenant failed

December 10, 2019 by Greg Meckbach

The British Columbia Court of Appeal has ruled against an insurer in finding the parent company of a restaurant intentionally set on fire is not liable. In Austeville Properties Ltd. v. Josan, a ruling in a subrogated $3-million claim released

News ClaimsInsurance

Remember that messy Halloween storm? This is how much it cost insurers

December 10, 2019 by Jason Contant

Heavy precipitation that fell across central and eastern Canada as kids were out trick-or-treating was part of a storm system that caused over $250 million in insured damage, according to Catastrophe Indices and Quantification Inc. (CatIQ). Quebec was the hardest-hit

News CatastrophesInsuranceRisk

Why the Fort McMurray wildfire wasn’t worse

December 10, 2019 by Jason Contant

A young, mobile population with strong safety training contributed to a successful evacuation during Canada’s costliest disaster three years ago in Fort McMurray, Alta., an author said recently at Insurance Bureau of Canada’s (IBC) inaugural Commercial Insurance Symposium. “Most work

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‘Bring it on,’ Intact CEO tells industry disruptors

December 10, 2019 by Greg Meckbach

Canada’s largest property and casualty insurer plans to be ready for companies from outside the industry who could disrupt the brokerage side of personal lines insurance. “On the distribution side of things, I think one needs to expect that players

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CAMIC Members Voice Overwhelming Support for Commercial Lines Data Standards

December 10, 2019 by CSIO (Centre for Study of Insurance Operations)

Toronto, ON, Dec. 10, 2019/InsPress/ –  CSIO has received overwhelming support from the Canadian Association of Mutual Insurance Companies (CAMIC) for the recent advancements made by the Commercial Lines (CL) Working Group. Recognizing the importance of CL Data Standards, many

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CapriCMW partners with Rogers Insurance for a stronger future

December 10, 2019 Rogers Insurance

Calgary, AB, Dec. 9, 2019/InsPress/ – Andrew Kemp and Lee Rogers are pleased to announce that CapriCMW has made a substantial equity investment in Rogers Insurance, and is now one of their largest shareholders. CapriCMW and Rogers Insurance have been

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Steamatic Canada welcomes 5 new franchises in Ontario!

December 10, 2019 Steamatic Canada

Ottawa, ON, Dec. 10, 2019/InsPress/ – Steamatic Canada continues to expand its market footprint by welcoming to its network a group formally operating under the commercial name Promus.  This new expansion will offer a significant increase for business opportunities in

News ClaimsInsuranceLegislation / Regulation

Municipalities: another victim of the hard market?

December 9, 2019 by Jason Contant

Are Ontario municipalities another victim of the hardening market? “A lot of municipalities are facing increased premiums or difficulty with obtaining insurance,” said Pino Cianfarani, partner at Lerners LLP, speaking at Insurance Bureau of Canada’s (IBC) Commercial Insurance Symposium Nov.

News Earnings / RatingsInsurance

Board finds insurance reserves regulation “invalid”

December 9, 2019 by Jason Contant

Manitoba’s Public Utilities Board (PUB) has found a recently enacted insurance reserves regulation to be “invalid.” The Reserves Regulation sets out the manner of determining the amount to be maintained by the Manitoba Public Insurance (MPI) Corporation in its reserves

News InsuranceLegislation / Regulation

Would driver training reduce risk for dump trucks and buses?

December 9, 2019 by Greg Meckbach

Could commercial auto risk be reduced if training was mandatory for drivers of dump trucks, buses and 20-foot cube vans? It’s a question Ontario’s transportation ministry is looking at, the province announced in its recent auditor general’s report. Formal training