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Inverness beach with sand dunes in Cape Breton, N.S.
News Insurance

New N.S. coastal protection plan shifts responsibility to homeowners, municipalities

February 27, 2024 Keith Doucette – The Canadian Press

HALIFAX – Nova Scotia’s new plan to protect the province’s 13,000 kilometres of coastline is an abdication of the government’s responsibility, the opposition and environmental activists said Monday. The strong criticism came swiftly after Environment Minister Tim Halman announced the

Businessman using a computer and dashboard RPA
News BrokersInsuranceTechnology

Why brokers are embracing the ‘bots

February 27, 2024 by Jason Contant

Robotic process automation (RPA) used to automate brokers’ repetitive tasks has become a much more mainstream technology over the past year or two, the co-founder of software robot tech company Quandri told Canadian Underwriter in an interview. “A couple of

Autonomous car sensor system concept for safety of driverless mode car control
News ClaimsInsurance

Safety tech in cars isn’t reducing insurers’ claims costs

February 27, 2024 by David Gambrill

Much has been made of the new electronic safety tech in cars, but it doesn’t seem to be making a dent in auto insurers’ claims costs, according to a new report by Rates.ca. “You might expect that with more safety

Saving coins to represent high cost insurance coverage for cyber attacks
News BrokersClaimsInsurance

Pricing still affects brokers’ ability to sell cyber

February 27, 2024 David Gambrill

To the surprise of no one in the broker channel, the ongoing hard market in cyber still plays a significant role in why clients decline to buy coverage. About 40% of brokers responding to a recent CU survey selected ‘Price

insPRESS Insurance

Announcing The 16th Annual ‘Big Mingle’

February 27, 2024 30 Forensic Engineering

TORONTO, ON, FEBRUARY 27, 2024/insPRESS/ – On Tues April 9, 2024, 30 Forensic Engineering will once again host one of the most anticipated insurance industry events of the year – The Big Mingle. Celebrating its 16th anniversary, the iconic and original ‘Big

insPRESS Insurance

Pario Welcomes Fire Expert Timothy Lee

February 27, 2024 SCM Insurance Services

VANCOUVER, BC, FEBRUARY 27, 2024/insPRESS/ – Pario Engineering & Environmental Sciences LP (Pario), Canada’s national provider of forensic engineering and environmental sciences services, is pleased to announce the appointment of Timothy Lee as Senior Fire Investigator. Mr. Lee’s appointment represents

Blue double exposure of money coins stacking with bar graph for financial and investment business concept.
News Insurance

Why Co-operators posted an underwriting loss in 2023

February 26, 2024 by Alyssa DiSabatino

Co-operators General Insurance Company reported an annual underwriting loss of $184 million in 2023.   This figure, which excludes discounting and risk adjustment, accounts for “a decline of $356.2 million from the underwriting gain of $171.3 million in the same period of 2022.”  Discounted estimates

Beers at a big event
News InsuranceTechnology

Here’s what creates risks for hospitality providers in 2024

February 26, 2024 Philip Porado

As Canada eases out of the COVID-19 pandemic, the country’s restaurateurs, hoteliers, and event venue operators face a multitude of risks. Changes over the past four years have hospitality providers swimming in a toxic soup of pandemic-stunted social habits, inflation-dented

Taxi car with Uber logo on the snowy street.
News ClaimsInsuranceLegalMarkets / Coverages

Why this Uber driver was not injured in an auto accident

February 26, 2024 by David Gambrill

An Uber driver who slipped on ice when helping a passenger load the trunk was not involved in an auto ‘accident,’ the Ontario Licence Appeal Tribunal has ruled. The ruling is consistent with a trend in Ontario case law over

Snow fall covering a car in Nova Scotia
News ClaimsClaims CanadaClimate ChangeInsuranceMarkets / Coverages

As planet warms, ferocious snowfalls like the one that hit Nova Scotia could increase

February 26, 2024 Hina Alam, The Canadian Press

ATLANTIC CANADA – Forecasters say a warming global climate could actually cause some parts of Canada to see colder conditions, including heavy snowfalls like the one that hit parts of the Maritimes this week. There’s a direct relationship between the

insPRESS Insurance

CRU GROUP Welcomes New Vice President & U.S. CAT Director

February 26, 2024 CRU GROUP

  DALLAS, TX, FEBRUARY 26, 2024/insPRESS/ – David Repinski, CEO of CRU GROUP, today announced that Eduardo Weigend has joined the Company as Vice President & CAT Director for its operations in the United States. With over 10 years of

Alberta and Canada flags
News InsuranceLegislation / RegulationMarkets / Coverages

Intact CEO’s take on fear of auto rate cap contagion

February 23, 2024 by David Gambrill

Intact CEO Charles Brindamour does not anticipate Alberta’s auto rate cap will bleed over into Ontario’s private auto insurance sector. “There’s always a risk,” Brindamour told Mario Mendonca, managing director of equity research at TD Cowen, during a fireside chat