Topic
Legislation / Regulation
Bank of Canada keeps key rate target on hold, expects return to growth in Q3
June 3, 2020 Jordan Press - THE CANADIAN PRESSOTTAWA – The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound. The bank left its target for…
Hitching a ride: How risky is carpooling during COVID 19 pandemic?
May 29, 2020 Melissa Couto - THE CANADIAN PRESSWhether it’s giving your neighbour a ride to the grocery store, or letting a friend borrow your car, health experts generally advise against sharing a vehicle during the COVID-19 pandemic. But like many coronavirus-related scenarios, determining the probability of infection…
Car sharing service Turo says launch into B.C. market is ‘imminent’
May 28, 2020 THE CANADIAN PRESSVANCOUVER – Fans of car-sharing services in British Columbia are about to get another option within weeks of the closure of two other car-share businesses in the province. Turo, which describes itself as the world’s largest peer-to-peer car sharing platform,…
How these two auto insurers rate Gender X differently
May 27, 2020 by Greg MeckbachPembridge Insurance Company plans to start rating motorists who identify themselves as ‘Gender X’ in Nova Scotia, charging Gender X motorists the same as women, the province’s regulator announced Tuesday. Through its Pembridge unit, Allstate writes home and auto insurance…
B.C. businesses grapple with new health protocols as reopening begins Tuesday
May 19, 2020 Brenna Owen - THE CANADIAN PRESSVANCOUVER – As some British Columbia businesses prepare to reopen their doors on Tuesday when the province enters the second phase of its COVID-19 restart plan, others say they’re holding off while they grapple with new health protocols. Claire Wyrostok…
How to ensure social distancing while road-testing drivers
May 13, 2020 by Greg MeckbachSaskatchewan Government Insurance is resuming road tests – suspended since mid-March – for some drivers. SGI had suspended driving tests in order to reduce the risk of spreading the novel coronavirus. And so how to resume testing while social distancing…
Covid-19 Webinar (Part 2): Cyber Security in a Remote World
May 12, 2020 by Canadian UnderwriterTo view Canadian Underwriter’s full webinar series, please fill in the following information for immediate access: Webinar Access Name* First Last Email* Zip/Postal Code* Phone*Organization* Job Title* What is the business of the organization you work for?*Choose One…Independent Insurance BrokerageInsurance…
Should removing winter tires be a priority during pandemic?
April 27, 2020 by Greg MeckbachAs summer approaches in the midst of the COVID-19 pandemic, a key question is whether motorists with winter tires are getting their seasonal tire changes. Keeping winter tires on during the summer increases the risk of aquaplaning because winter tire…
Fairfax predicts court’s reaction to legislated retroactive BI policy changes
April 16, 2020 by Greg MeckbachIf laws get passed retroactively changing business interruption policy wording so that pandemic losses now get covered, insurers will likely launch legal challenges that will be looked at by high court judges, Fairfax Financial CEO Prem Watsa suggests. During Fairfax’s…
How Ontario is responding to surety writers’ COVID-19 concern
April 14, 2020 by Greg MeckbachConcerns from surety bond providers have prompted the Ontario government to make one change, effective this Thursday, to the state of emergency during the pandemic. As it stands, an emergency order suspending limitations means liens against construction projects technically never…
B.C.’s move to no-fault
April 8, 2020 Jason Contant, Online EditorWhat the province’s changes to auto insurance mean for drivers, brokers, and the legal system
This type of claim should dry up in Ontario with COVID-19
March 27, 2020 by Greg MeckbachWith the Ontario government ordering the closure of bars and nightclubs, this should eliminate – temporarily – one category of commercial liability claim. “I don’t think claims will be launched against commercial hosts at this time,” said Mouna Hanna, an…