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News InsuranceMergers and Aqcuisitions

Private equity firm to acquire 50% interest in western Canadian insurer

December 19, 2018 by Jason Contant

An Alberta-based private equity company announced Tuesday it has entered into a letter of intent to acquire a 50% interest in a western Canadian-based property and casualty insurance company for $2 million. The Western Investment Company of Canada, a publicly

News InsuranceTechnology

Why insurers should invest in omnichannel strategies

December 19, 2018 by Jason Contant

With strategic investment in digital initiatives and omnichannel, insurers can become more customer-centric, achieve growth and lower costs, Ernst & Young (EY) said recently. Digital and omnichannel is one of five key issues and trends that should be on the

News InsuranceRiskTechnology

How not to deal with a ransomware attack

December 19, 2018 by Greg Meckbach

Your client should never have to negotiate with a cyber criminal even if that client has suffered a ransomware attack, cyber security experts advise. Ransomware is a type of computer malware that prevents clients from either using their computers or

News ClaimsInsuranceRisk

Is the number of drunk drivers in Canada decreasing?

December 18, 2018 by Jason Contant

The number of Canadians who died in a crash involving a “drinking driver” has generally decreased in recent years, but rose again in 2015, according to recent research. In 1995, 1,057 Canadians (excluding British Columbians) were killed in road crashes

News InsuranceTechnology

How ransomware can become a broker’s cyber selling point

December 18, 2018 by Jason Contant

Brokers placing cyber coverage for healthcare clients may want to take note of a new survey that found for many Canadian businesses, ransomware isn’t a one-time occurrence. Of those polled that said they knew of a ransomware attack in their

News InsuranceLegislation / Regulation

Marshall report on Ontario auto ‘dead’

December 18, 2018 by Greg Meckbach

A report recommending major auto reforms, from a former CEO of Ontario’s Workplace Safety and Insurance Board, appears to have gone by the wayside. “What I have heard is that [the] Marshall [report] is dead,” consultant Willie Handler said Monday

News InsuranceLegal

Drinking and boating accident sparks disagreement among judges

December 18, 2018 by Greg Meckbach

In a recent divided ruling over the constitutional rights of drivers suspected of being impaired after causing an accident, the Supreme Court of Canada has narrowly upheld the conviction of an Ontario woman who operated a boat after drinking. R.

insPRESS Insurance

Jean-François Charest Appointed National Vice President, Guarantee GOLD

December 18, 2018 by Linda Domenichini

TORONTO, Dec. 18, 2018/insPRESS/ – The Guarantee is pleased to announce the appointment of Jean-François Charest as National Vice President, Guarantee GOLD, effective January 1, 2019. In his new role, Jean-François will focus on underwriting excellence, enhancing operational efficiency and

News InsuranceTechnology

Flying cars may appear in urban skies by 2023

December 17, 2018 Christopher Reynolds - THE CANADIAN PRESS

The flying cars depicted in science fiction classics such as “Blade Runner” and “The Fifth Element” have long been seen as flights of fancy, but their arrival is closer than you think. At least a dozen companies are prototyping or

News Insurance

Top court could hear this surety bond dispute

December 17, 2018 by Greg Meckbach

A dispute involving The Guarantee Company of North America arising from unpaid construction bills could reach the Supreme Court of Canada. The highest court announced Friday The Guarantee is applying for leave to appeal Guarantee Company of North America v

News InsuranceLegislation / Regulation

Public auto insurer seeks 6.3% rate increase

December 17, 2018 by Greg Meckbach

The Insurance Corporation of British Columbia said Friday it is seeking to raise rates by 6.3%, a move that prompted the Insurance Bureau of Canada to reiterate its call for competition in the province. Unlike in most Canadian provinces, B.C.’s

News ClaimsInsurance

Which Canadian community has the lowest vehicle collision rate?

December 17, 2018 by Jason Contant

A community in northern Ontario ranks as the safest for drivers in Canada, with an average vehicle collision rate of 3.8%, according to data from the Allstate Insurance Company of Canada. The 10th Annual Allstate Canada Safe Driving Study found