Topic
Insurance
Why dirt bike accident victim can get Ontario auto accident benefits
March 6, 2021 by Greg MeckbachAn 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…
Why auto rates are increasing despite fewer drivers on the road
March 6, 2021 by Jason ContantAverage 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…
By how much productivity for restoration firms dropped in the pandemic
March 6, 2021 by Adam MalikThe 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…
COVID’s impact on P&C insurance in 2021? All bets are off for Aviva’s CEO
March 6, 2021 by David GambrillHaving 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…
B.C. eases requirements, extends deadline for small business recovery grants
March 5, 2021 The Canadian PressVICTORIA – 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…
Health Canada says vaccine boosters will be approved more easily
March 4, 2021 Mia Rabson, The Canadian PressOTTAWA — 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…
6 principles for P&C leaders on return to office work
March 4, 2021 by Jason ContantLeaders 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…
Why size matters to Western Financial Group
March 4, 2021 by Greg MeckbachSome 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…
Is it time to ease up on the video calls?
March 4, 2021 by Adam MalikNew 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.…
Aviva reacts to new Ontario towing restrictions
March 3, 2021 by Greg MeckbachAviva 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…
How (and when) to turn a post-earthquake fire Cat into a kitten
March 3, 2021 by David GambrillHuge 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…
How the pandemic made for better strategic planning
March 3, 2021 by Adam MalikThe 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…