Topic
Legislation / Regulation
With marijuana legalization impending, now is not the time to lower the legal alcohol limit, CAA-Quebec argues
August 9, 2017 by Canadian UnderwriterThe federal government’s proposal to explore lowering the legal alcohol limit for drivers in a bid to improve road safety is “commendable,” but with cannabis due to be legalized in less than a year, now is not the right time…
Federal justice minister seeks to beef up blood/alcohol levels for drivers
August 8, 2017 The Canadian Press (CPSTF)OTTAWA – Federal Justice Minister Jody Wilson-Raybould is considering lowering the legal alcohol limit for licensed drivers, according to a letter she sent to her Quebec counterpart. In the correspondence to Stephanie Vallee dated on May 23, Wilson-Raybould suggests lowering…
17% of secondary rental suites in Ontario, Alberta and B.C. considered illegal: Square One Insurance survey
August 3, 2017 by Canadian UnderwriterSeventeen per cent of rental suites in detached houses in Ontario, Alberta and British Columbia are considered illegal, a new survey from Vancouver-based Square One Insurance Services Inc. has found. The study involved a survey of more than 5,500 homeowners…
New Brunswick minister issues order restricting forestry operations to help mitigate fire risks
August 3, 2017 by Canadian UnderwriterNew Brunswick’s Energy and Resource Development Minister, Rick Doucet, has issued a ministerial order effective noon on Thursday that orders restrictions on forestry operations throughout the province. The order, under the Forest Fires Act, is one step to “reduce risks…
Economical launches data breach coverage for Canadian businesses
August 2, 2017 by Canadian UnderwriterWaterloo, Ont.-based Economical Insurance announced on Wednesday that it has launched EXPERT Cyber, coverage that is available to commercial policies for Canadian businesses in the event of a data breach. “Cybersecurity is a growing area of concern for businesses of…
Digitized payment gateways playing larger role for insurers: Novarica
August 1, 2017 by Canadian UnderwriterAs consumer expectations change, insurance carriers are moving towards fully digitizing more processes, including payment gateway technology, research and advisory firm Novarica said recently. In a new executive brief titled Payment Gateways in Insurance, Boston, Mass.-based Novarica provided an overview…
Pain and Gain
July 26, 2017 Dana Chaput, Insurance Accounting Change Lead, KPMG in CanadaCanadian property and casualty insurers should expect that the adoption of the new financial accounting standard, International Financial Reporting Standard 17, will take some work and investment. That said, any growing pains should give way to greater comparability with global jurisdictions and, in many cases, more helpful financial reporting.
62% of Canadians “oppose” or “somewhat oppose” banning ridesharing services: poll
July 25, 2017 by Canadian UnderwriterMore than six in 10 Canadians (62%) oppose or somewhat oppose banning ridesharing services such as Uber, according to recent polling conducted by Nanos Research. When asked their level of support for banning services like Uber, slightly more than three…
Lack of safety management systems found in “numerous” marine, aviation accident investigations: TSB
July 24, 2017 by Canadian UnderwriterFifteen years after four passengers drowned in an accident aboard an amphibious sightseeing vehicle across the Ottawa River from the nation’s capital, the Transportation Safety Board of Canada warned Thursday that there has “been only limited progress” on expanding the…
88 tickets issued to new Saskatchewan drivers, motorcyclists in June: SGI
July 24, 2017 by Canadian UnderwriterLaw enforcement officers across Saskatchewan issued 88 tickets to new drivers and motorcyclists who weren’t following the requirements outlined on their licences, Saskatchewan Government Insurance (SGI) reported on Monday. The results from last month’s traffic safety spotlight on new drivers…
U.S. data breaches increased at record pace during first half of 2017
July 24, 2017 by Canadian UnderwriterThe number of data breaches in the United States tracked through June 30 hit a half-year record high of 791, according to recent numbers release by the Identity Theft Resource Center (ITRC) and CyberScout, a provider of identity protection solutions.…
Death rate on Canadian fishing vessels a ‘disturbing statistic,’ warns Transportation Safety Board
July 21, 2017 by Canadian UnderwriterThe number of aviation accidents reported to the Transportation Safety Board of Canada during the year ending March 31 was nearly 20% lower than the 10-year average, but still “not enough has been done” to reduce the risk of collisions…