Topic
Insurance
How new commercial truck drivers can get better insurance rates
April 11, 2024 by David GambrillMandatory entry-level training (MELT) for new commercial truck drivers needs to be implemented across Canada, and trucking companies must follow this up with mentorship and onboarding programs, a new report commissioned by the Insurance Bureau of Canada recommends. Plus, safety…
Made-in-the-Maritimes rideshare service to serve rural areas
April 11, 2024 Canadian PressNEW BRUNSWICK — St. Stephen is hoping a made-in-the-Maritimes rideshare app will help residents get around town – and possibly beyond. Future St. Stephen, the town’s economic development agency, has agreed to a six-month pilot project with Kari, a P.E.I.-based…
3 building blocks for using new commercial lines tech
April 11, 2024 Steve Whitelaw, Applied Systems CanadaTechnological breakthroughs in commercial lines are helping brokers win over Canadian business owners seeking insurance coverage. Brokers can do three things to stand out in this crowded, competitive market. They can standardize their data capture, simplify their quoting and submission…
Carbon insurance: Bigger than cyber?
April 10, 2024 by Jason ContantThe global voluntary carbon market (VCM) is expected to show “hockey stick growth” over the next few decades, representing a dramatic opportunity for the insurance industry. “Look at the cyber market now in insurance — it’s the new big thing,”…
What’s the next frontier for assessing property risk?
April 10, 2024 John Siegman, co-founder of HazardHubNext-generation data, analytics and risk models are giving property risk assessment a much-needed facelift. The increased frequency and intensity of natural disasters, combined with population growth in NatCat-prone regions, is escalating property and casualty (P&C) insurers’ claims and losses. A…
Drought, heat raise risk of repeat of last summer’s record-breaking wildfires
April 10, 2024 The Canadian PressPersistent drought and months of above-average temperatures have raised the risk of a repeat of last year’s record-breaking wildfires. Federal officials say conditions are already ripe for an early and above-normal fire risk from Quebec all the way to British…
30 Forensic Engineering Congratulates Daniel Balagot P.Eng. on Receiving the Certified Fire & Explosion Investigator (CFEI) Designation
April 10, 2024 by -30- Forensic EngineeringTORONTO, ON, APRIL 10, 2024 /insPRESS/ – 30 Forensic Engineering, Canada’s leading multidisciplinary forensics firm, is pleased to announce that Daniel Balagot, B.A.Sc., CFEI, P.Eng., is certified by the National Association of Fire Investigators (NAFI) as a Fire & Explosion…
ServiceMaster Restore Owners Win Silver for 2024 Franchisee of the Year from Canadian Franchise Association
April 10, 2024 ServiceMaster RestoreMONTREAL, QC, APRIL 10, 2024/insPRESS/ – ServiceMaster Restore is proud to announce that owners Justin Callon, Andrew Jackson and Billy Van Wyck of ServiceMaster Restore of Niagara, ServiceMaster Restore of Guelph and ServiceMaster Restore of Kitchener-Waterloo are the Silver winners…
Why this MGA is betting on carbon insurance
April 9, 2024 by Jason ContantSpecialist insurance provider CFC has entered the voluntary carbon market (VCM) with the launch of a carbon delivery insurance product that safeguards the purchase of carbon credits. VCMs are decentralized markets in which individuals or organizations buy credits to voluntarily…
Hurricane season’s on the horizon — are we ready?
April 9, 2024 Philip PoradoIt won’t be long before June arrives, bringing with it the 2024 hurricane season. That might be a problem for Canada’s adjusters and insurers given many are still managing residual claims from Hurricane Fiona’s 2022 battering of the East coast.…
Small businesses face rising risk of litigation from Canadians
April 9, 2024 by Alyssa DiSabatinoCanadians are getting more litigious, and that means small business owners face a heightened risk of legal disputes, according to a recent survey by Zensurance. The majority (69.3%) of Canadian consumers say they’d sue a small business if they were…
Heavy rain causes flooding, damage in Newfoundland
April 9, 2024 Sanuda Ranawake, Local Journalism Initiative Reporter, The Telegram – The Canadian PressHeavy rain over the weekend brought a mix of localized flooding, washouts, and slides to much of the west coast of Newfoundland. In Lark Harbour, there were no washouts, but damage to houses, trails, and some roadways. For some residents…