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On Side Restoration acquires Northern Capital Restorations

July 6, 2020 by On Side Restoration Services Ltd.

PRINCE GEORGE, BC, JULY 6, 2020/insPRESS/ – On Side Restoration is pleased to announce their continued expansion with the acquisition of Northern Capital Restorations located in Prince George. The sale finalized on July 1st and they’re now onboarding this standout northern

insPRESS Insurance

Insurance providers increasingly sending documents through My Proof of Insurance during COVID-19

July 6, 2020 by CSIO (Centre for Study of Insurance Operations)

TORONTO, ON, JULY 6, 2020/insPRESS/ – Over the last several months, CSIO has seen a significant increase in insurance providers adopting My Proof of Insurance as their preferred solution to go paperless and send policy documents to end consumers. While the

News Insurance

How liability for deductibles on strata claims is changing in B.C.

July 3, 2020 by Greg Meckbach

Strata unit owners might see a reduction in liability risk for common-area damage if a recently-tabled bill is passed in British Columbia. “Right now, if a water pipe bursts in a bathroom due to manufacturer error and leaks beyond common

News Insurance

How insurtech Lemonade’s IPO is going so far

July 3, 2020 by Greg Meckbach

Despite the pandemic-induced economic downturn, an insurtech that promises tenants quotes within minutes started trading this week on the New York Stock Exchange. Shares of Lemonade Inc. rose sharply July 2, closing at US$69.41, more than double the price at

News AdjustersAssociationsCatastrophesClaimsClimate ChangeInsurance

COVID-19 sparks debate about U.S. adjuster use in Calgary

July 3, 2020 by David Gambrill

COVID-19 appears to be kindling proud sentiments about employing Canadian adjusters, after social media posts triggered an age-old debate about using U.S. adjusters to handle catastrophe claims in Canada. Twitter was abuzz with comments after Global News posted a piece

News Insurance

Brokers who did these things fared better in the pandemic

July 3, 2020 by Adam Malik

Brokers who were nimble, ready to change with the times, and acted pro-actively when COVID-19 first emerged as a threat are the ones faring the best three months later, one broker leader says. Those who didn’t are struggling. “Those brokers

News Insurance

Flood warnings issued as B.C.’s major rivers surge, rainfall continues

July 3, 2020 Amy Smart - THE CANADIAN PRESS

VANCOUVER – Heavy rainfall has caused rivers to surge across much of British Columbia, washing out roads and putting many communities on alert. The River Forecast Centre has issued flood warnings, its highest alert, for the areas around the upper

News CatastrophesInsurance

What was abnormal about June Calgary hail storm

July 2, 2020 by Greg Meckbach

Alberta’s hailstorm in mid-June was so severe that some homes suffered interior damage as a result, an independent adjusting firm reports. “We have seen skylights completely blown out to the point that the hail that impacted that skylight also impacted

News ClaimsInsurance

A new regime for tow truck regulations? What auto insurers want to see

July 2, 2020 by David Gambrill

Auto insurers are applauding Ontario’s creation of a new government task force to improve provincial oversight of the tow truck industry, citing the possibility of reducing insurance fraud and associated premium reductions for consumers. “IBC applauds the Ontario government for

News Insurance

Why the risk for small car drivers is growing

July 2, 2020 by Adam Malik

Small cars may be even more dangerous to drive these days just because they are sharing the road with an increasing number of larger vehicles, which have dominated new auto sales in recent years. The Insurance Institute of Highway Safety

News Insurance

How a property owner can be liable when a motorcycle hits a wayward donkey

July 2, 2020 by Greg Meckbach

A Supreme Court of Canada decision released Thursday means a construction materials supplier is partly liable for injuries suffered by a motorcyclist who collided with a donkey that escaped from a rural property. In 2009, Amir Youssef was riding his

insPRESS Insurance

Origin and Cause celebrates its 29th year

July 2, 2020 by George Costandi

TORONTO, ON, JULY 2, 2020/insPRESS/ – Today is Origin and Cause’s 29th anniversary, and it’s one that will stand out in our company history for a long time to come. Not because the number of years is especially significant, but