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Barely passable grade on flood preparedness demands immediate action: report

October 31, 2016 by Canadian Underwriter

All 10 Canadian provinces and Yukon are not making the grade when it comes to flood preparedness, signalling the need for change, including not allowing municipalities to override provincial or territorial direction on development in flood-prone areas, argues a new

News InsuranceLegislation / RegulationMergers and Aqcuisitions

Most Canadians “decidedly supportive” of distracted driving legislation, majority want distracted walking laws: poll

October 27, 2016 by Canadian Underwriter

Canadians are “decidedly supportive” of the legislation that bans drivers from using hand-held devices in every province, and a majority believe the time has come to implement distracted walking legislation in their municipality, according to a new Canada-wide poll. Released

News AssociationsInsuranceLegalLegislation / RegulationMergers and AqcuisitionsTechnology

One in three Ontario drivers admit to distracted driving: survey

October 25, 2016 by Canadian Underwriter

About one in three (32%) drivers in Ontario admit to driving distracted because of their mobile devices, “and the number one reason for not focusing on the road is because someone called,” according to a recent Ipsos survey conducted for

News CatastrophesLegislation / RegulationMergers and AqcuisitionsReinsurance

5.1 earthquake likely caused by wastewater disposal: U.S. Geological Survey

October 24, 2016 by Canadian Underwriter

FAIRVIEW, Okla. – The third-largest earthquake in Oklahoma was likely triggered by underground disposal of wastewater from oil and natural gas production, the United States Geological Survey found in a report issued Monday. The magnitude 5.1 quake that struck northwest

News InsuranceLegislation / RegulationMarkets / Coverages

Low oil prices a double-edged sword for Canadian economy: KPMG seminar speaker

October 24, 2016 Jason Contant, Online Editor

Low oil prices continue to present a major challenge for the Canadian economy, but they could be viewed as a “positive shock” for some jurisdictions and the economy of the United States, a speaker suggested on Monday at KPMG’s annual

News AssociationsInsuranceLegislation / RegulationMergers and Aqcuisitions

More fairness in Ontario auto insurance needed to fix the system: IBC’s Forgeron

October 24, 2016 by Canadian Underwriter

Fairness is still lacking in Ontario’s auto insurance system and a balance needs to be struck between both lower premiums and the right level of benefits, Don Forgeron, president and chief executive officer of Insurance Bureau of Canada (IBC), said

News InsuranceLegalLegislation / RegulationMergers and AqcuisitionsTechnology

Canada fourth largest cyber security hub in world, Ontario has potential to assume leading role

October 19, 2016 by Canadian Underwriter

More investment and co-ordination is needed if Ontario – which offers strengths in financial services and technology – is to realize its potential to assume a more dominant leadership role in cyber security, notes a new report issued Thursday. Commissioned

News InsuranceLegalLegislation / Regulation

Alberta Traffic Safety Act imposes ‘statutory duty’ on motorists to remain at scene, co-operate with police: Court

October 17, 2016 by Canadian Underwriter

An Alberta motorist who argued that breath samples ought to have been excluded as court evidence was unsuccessful in appealing convictions of impaired driving and dangerous driving, the Supreme Court of Canada announced Friday. In a ruling released Nov. 20,

News InsuranceLegislation / RegulationTechnology

Cognitive computing platform to help companies implement anti-bribery management system: OutsideIQ

October 17, 2016 by Canadian Underwriter

Outside Intelligence has announced the availability of a cognitive computing platform to help businesses meet the guidelines of the new International Organization for Standardization (ISO) anti-bribery standard, ISO 37001. The platform produces automated due diligence reports – which businesses can

News InsuranceLegalLegislation / Regulation

Class-action lawsuit over franchisor’s duty of fair dealing resolved in favour of defendant

October 14, 2016 by Canadian Underwriter

A class-action lawsuit in Ontario, alleging a franchisor breached its duty of fair dealing under the Arthur Wishart Act, will not be heard by the Supreme Court of Canada. In 1250264 Ontario v. Pet Valu, a court cited an earlier

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Timber tall buildings feasible, solid wood an alternative to concrete: AEIC speaker

October 7, 2016 by Angela Stelmakowich

Advances in wood engineered products and fabrication have made the idea of constructing timber tall buildings feasible and a genuine alternative to concrete, Eric Karsh, principal of Equilibrium Consulting Inc., suggested Thursday during the 43rd Annual Engineering Insurance Conference in

News Climate ChangeInsuranceLegislation / Regulation

National carbon price to be $10 a tonne in 2018, $50 by 2022, Trudeau says

October 3, 2016 The Canadian Press

OTTAWA – Prime Minister Justin Trudeau has pre-empted climate change negotiations with Canada’s premiers, announcing that the federal government will impose a pan-Canadian floor price on carbon pollution. Trudeau revealed Monday his plan to reduce greenhouse gas emissions, starting in