Topic
Legislation / Regulation
Ontario auto rates up 0.76% in Q2: FSCO
July 20, 2017 by Canadian UnderwriterApproved rate increases for auto insurance in Ontario were an average of 0.76% in the second quarter of 2017 for insurers representing slightly more than half the market, the Financial Services Commission of Ontario reported recently. FSCO said that for…
Chubb’s multi-line practice to focus on large transportation clients in U.S. and Canada, help address wide range of risks
July 20, 2017 by Canadian UnderwriterChubb’s newly launched multi-line industry practice will focus on providing insurance products, service and risk management solutions for best-in-class large risk transportation clients in both the United States and Canada. The formalization of the practice, within the insurer’s Major Accounts…
New impaired driving laws could let ‘majority of stoned drivers’ escape prosecution: advocacy groups
July 19, 2017 by Canadian UnderwriterCanada’s ruling Liberals want to make it an offence for vehicle operators to have more than two nanograms for milliliter of tetrahydrocannabinol (THC) in their blood, but two lobby groups suggested Wednesday it should be an offence, in some circumstances,…
Health Canada reviewing safety of BBQ brushes, says nine injured since 2011
July 18, 2017 Brennan Doherty - THE CANADIAN PRESSTORONTO – Health Canada is conducting an investigation into the safety of wire-bristle brushes used to clean barbecues, with plans to conclude the probe by the end of the summer. The agency said the risk assessment on the brushes comes…
Revenues up $17 million for Manitoba Public Insurance
July 17, 2017 by Canadian UnderwriterManitoba Public Insurance Corporation reported Friday its total earned revenues for the three months ending May 31 increased 3.7% year over year, while bodily injury claims were up $34.5 million year over year. MPI, a crown corporation with a monopoly…
Proposed new pilot rest regulations published for public comment until Sept. 29
July 12, 2017 by Canadian UnderwriterCanada’s aviation regulator is proposing new regulations that would reduce the maximum number of hours that pilots would be allowed to be on flight duty and mandate a “holistic risk management approach” in some cases, to addressing the problem of…
Maintaining wetlands could slash riverine flooding-related damage, local pilot project has national applicability: study
July 12, 2017 by Angela StelmakowichJust leaving current wetlands in their natural state could cause riverine flooding-related flood damage to plummet as much as 38% and should provide the impetus for communities to view natural infrastructure as a climate adaptation solution, notes a study from…
Half of surveyed CEOs plan to adopt cognitive computing by 2019: IBM study
July 11, 2017 by Canadian UnderwriterHalf of surveyed chief executive officers across the globe plan to adopt cognitive computing by 2019, according to a recent study conducted by the IBM Institute for Business Value (IBM IBV). The study, titled Accelerating enterprise reinvention: how to build…
Social Impact
July 10, 2017 Michael Blinick, Partner; and Sean Valentine, Associate Lawyer, McCague Borlack LLPAll hosts know there are several elements that need to be properly planned when hosting a social function: the company, the food, the music and, of course, the refreshments. With the anticipated legalization of recreational marijuana in Canada, however, could a social host face exposure if marijuana is provided and something unexpected happens?
Insurance industry ‘struggling to be more agile:’ analytics summit speaker
July 7, 2017 Greg Meckbach, Associate EditorInsurance providers need to use technology to improve their customers’ experience, but sometimes regulation gets in the way, speakers suggested at a recent conference. The insurance industry is “struggling to speed up the process of being more agile,” said Paul…
Ontario courts will ‘provide some meaning’ to probationary terms in employment contracts but minimum notice standards still apply
July 6, 2017 by Canadian UnderwriterEmployers should “reconsider” starting workers on probation if those probationary periods are being used “legal risk mitigation” strategies, a Toronto lawyer suggested Tuesday in a blog post. In Ontario, when a probationary period is for longer than three months, employer…
Government of Newfoundland and Labrador conducting comprehensive review of auto insurance system
July 5, 2017 by Canadian UnderwriterThe Government of Newfoundland and Labrador has announced the start of a comprehensive review of the auto insurance system in the province. Perry Trimper, Minister of Service NL, announced the review in a statement on Tuesday. As part of the…