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News InsuranceLegislation / Regulation

B.C. proposes ‘first step’ amendments to laws governing condo insurance

June 23, 2020 THE CANADIAN PRESS

VICTORIA – The B.C. government says proposed legislation it has introduced takes first steps to address concerns about sky-high costs and availability of insurance for condominiums and other shared properties. Housing Minister Selina Robinson says the legislation proposes to amend

insPRESS Insurance

Cira Health Solutions receives three-year CARF Reaccreditation

June 23, 2020 by SCM Insurance Services

INTERNATIONAL STANDARDS FOR QUALITY POSITION CIRA AS INDUSTRY LEADER TORONTO, ON, JUNE 23, 2020/insPRESS/ — Cira Health Solutions (Cira), a trusted national provider of independent medical evaluations and health-related services, today announced its Three-Year Reaccreditation from the Commission on Accreditation

News BrokersInsuranceProfessional DevelopmentRisk

Brokers urged to stay on top of coverage changes as businesses re-open

June 22, 2020 by David Gambrill

Brokers are advised to be aware of the “second wave” — and that doesn’t refer to the anticipated increase in the number of novel coronavirus infections in the fall. No, brokers are now being cautioned about the new wave of

News AdjustersCatastrophesClaims CanadaInsurance

How pandemic could complicate claims adjusting after Alberta hail storm

June 22, 2020 by Greg Meckbach

The COVID-19 pandemic could complicate the movement of adjusters if help is needed from south of the border to deal with the aftermath of the recent southern Alberta storm. “I think customers by and large are recognizing that it’s complicated

News BrokersInsurance

The likelihood that COVID-19 could kill a Canadian P&C insurer

June 22, 2020 by Adam Malik

There’s a chance COVID-19 could claim a Canadian insurer, one property and casualty insurance expert believes. “Canada has been blessed for a sustained period with no insurer failings — but there will be one,” warned Alister Campbell, president and CEO

News Insurance

Out of control forest fire in Lac St Jean likely sparked by poorly extinguished campfire

June 22, 2020 Sidhartha Banerjee - THE CANADIAN PRESS

MONTREAL – An improperly extinguished campfire is the likely cause behind a massive blaze in Quebec’s Lac-St-Jean region that remains out of control, Quebec’s Forestry Minister told a briefing on Sunday. “This photo is possibly where fire started,” Pierre Dufour

News Insurance

What effect will investor pressure have on the insurance industry?

June 19, 2020 by Adam Malik

Demands are being placed on the insurance industry and that could set up some tense moments with a couple of groups, suggested the head of Zurich Canada. Demand from insurers, investors and shareholders are significant challenges to the industry as

News Insurance

Protecting your receivables: Execs in CU webinar discuss the options

June 19, 2020 by David Gambrill

Canada’s pandemic-induced economic recession is now in full swing, and although businesses are gradually starting to open up after a decline in COVID-19 infection rates, there is a great deal of speculation about insolvencies. And that has the P&C industry

News AdjustersCatastrophesClaims CanadaInsurance

Calgary hail damage ‘pretty startling’ to this adjuster

June 19, 2020 by Greg Meckbach

If you have clients in the Calgary area who suffered property damage in the June 13 hail storm, they could be waiting a while to get their properties repaired, an executive for one independent adjusting firm suggests. “There are tens

News Insurance

Health experts urge caution as big business demands loosening of travel rules

June 19, 2020 Christopher Reynolds - THE CANADIAN PRESS

Health experts are urging caution after business leaders called on Prime Minister Justin Trudeau and provincial premiers to ease air travel restrictions. Paul Pottinger, professor of infectious diseases at the University of Washington’s School of Medicine, says big business should

insPRESS Insurance

Full speed ahead for the Catastrophe Response Unit

June 19, 2020 by CRU Adjusters

TORONTO, ON, JUNE 19, 2020/insPRESS/ – CRU GROUP’s CAT team was welcomed back to assist with the severe storm that hit Calgary over the weekend. The storm caused catastrophic damage with both hail and flooding and the CRU GROUP CAT

News InsuranceTechnology

How the industry can take advantage of artificial intelligence

June 18, 2020 by Greg Meckbach

Brokerages who use artificial intelligence could find opportunities to upsell based on changes in a client’s lifestyle, according to a software vendor executive. The more data you feed a machine learning model and the more you train it, the better