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News ConstructionInsuranceMarkets / Coverages

Paid Steering the Course: Course of Construction (COC) Insurance Options

August 14, 2018 Neil Jeanson, Senior Class Underwriter, XL Catlin

All it takes is a spark.  From a sander. Or errant cigarette.  And POW!  Igniting common, flammable construction materials like wood, solvents, packaging, and gasoline and turning a work in progress to a pile of ash.  It’s a powerful blow

News ConstructionEmploymentInsuranceLegalRisk

Mechanic barred from suing employer over workplace injury

August 13, 2018 by Greg Meckbach

A Newfoundland and Labrador construction company no longer faces a lawsuit from the estate of an injured worker, after the Supreme Court of Canada announced Thursday it will not hear an appeal. Many Canadian corporate clients lack liability insurance covering

News InsuranceMarkets / Coverages

What private insurers think of changes to B.C. auto insurance model

August 13, 2018 by Jason Contant

Canada’s private auto, home and business insurers say the “fair rate” auto insurance model proposed by British Columbia’s public auto insurer last week is “long overdue.” Under the Insurance Corporation of B.C. (ICBC)’s proposed new auto insurance model, higher-risk drivers

News InsuranceRisk

One trillion litres of sewage leaked into Canadian lakes and rivers over last five years

August 13, 2018 Mia Rabson - THE CANADIAN PRESS

OTTAWA – Last Wednesday, a team of people from the Lake Ontario Waterkeeper environmental group descended on the Toronto harbourfront looking for any signs the previous night’s massive, flash-flood rainfall had caused the city’s ancient combined sewer system to overflow

News BrokersInsurance

What B.C. brokers think of proposed changes to public insurance model

August 12, 2018 by Jason Contant

When the Insurance Corporation of British Columbia (ICBC) begins rolling out recently announced changes to its auto insurance rating model, brokers will be on the front lines explaining the changes to clients. And brokers say they need to know more

News BrokersInsuranceProfessional Development

How to sell cyber to small business owners

August 12, 2018 by David Gambrill

There is a very large untapped market for selling cyber insurance to small businesses. How can brokers best approach small business owners to offer them cyber coverage? A recent 2018 study of Canadian “smaller businesses” by Scalar Security* found that

News InsuranceRiskTechnology

Innovation, yes. But don’t forget to manage the risks.

August 10, 2018 by Jason Contant

While Canadian organizations are investing in emerging technologies and innovation, few of them are managing the associated risks, a report from PwC Canada suggests. Jennifer Johnson, a partner and national financial services leader with PwC Canada, says that when she

News Insurance

Burning barge sends pall of smoke over Metro Vancouver

August 10, 2018 The Canadian Press

SURREY, B.C. – A barge loaded with crushed vehicles is burning in the Fraser River off Surrey, B.C., sending up a towering plume of acrid smoke that is visible over much of Metro Vancouver. The blaze broke out Friday morning

News InsuranceLegislation / Regulation

Public insurer proposes major shake-up to auto insurance rating model

August 9, 2018 by David Gambrill

The Insurance Corporation of B.C. is proposing a significant shake-up of its auto insurance rating system, introducing a “fair rate” system that would have higher-risk drivers paying higher premiums than lower-risk drivers. “We want to make Basic insurance premiums more

News InsuranceLegislation / Regulation

Ontario PCs historically ‘very receptive’ to auto rate reform: Intact CEO

August 9, 2018 by Greg Meckbach

Ontario’s newly-elected government has been silent on auto insurance reform, but the head of Canada’s largest property and casualty insurance carrier is encouraged by the Progressive Conservative Party’s historical leaning towards loosening rate regulation. The Progressive Conservative Party was returned

News BrokersInsuranceLegal

After a seven-year, $33K insurance settlement, claimant disputes his $5K legal bill

August 9, 2018 by David Gambrill

A seven-year lawsuit against a B.C. insurance brokerage that settled for $33,000 ultimately led to a legal dispute between the claimant and his lawyer over a $5,124 legal bill. The claimant, Larry Jones, sued his insurance brokerage, RHC Insurance Agency

News BrokersInsurance

Online sales without broker intervention: Where Wawanesa stands

August 9, 2018 by Jason Contant

Now that Wawanesa Mutual Insurance Company will soon be selling exclusively through brokers in Quebec, what does it think about online sales without the intervention of a broker? “I’m not a big fan of quote and buy online, because I