Topic
Markets / Coverages
Your primer on crowdsourcing techniques
December 8, 2017 David Gambrill, Editor-in-ChiefCrowdsourcing, as defined by the consulting firm Crowd Sourcing Week, is “is the practice of engaging a ‘crowd’ or group for a common goal — often innovation, problem solving, or efficiency. It is powered by new technologies, social media and…
Does your claims app verify the car crash photos you’re getting?
December 8, 2017 David Gambrill, Editor-in-ChiefA car crashes into a hydro pole. The driver takes pictures of the damage on a mobile device and sends the photos to the insurer through an app to start a claim. How does the insurer know the photos have…
Sexual harassment: Are your commercial clients protected?
December 8, 2017 Greg Meckbach, Associate EditorWith a recent spate of sexual misconduct and workplace harassment complaints, commercial brokers need to make sure employment practices liability insurance covers legal defence costs arising from allegations of poor behaviour towards workers. Employees suing for harassment will sometimes name…
New business consulting firm offers more choice in Canada for P&C industry
December 8, 2017 Jason Contant, Online EditorRSM, a global provider of audit, tax and consulting services focused on the middle market, has announced the launch of RSM Canada with an office of about 300 professionals in the heart of Toronto’s financial district. Harry Blum will serve…
How autonomous vehicles can reduce your claims payouts
December 8, 2017 Jason Contant, Online EditorMore autonomous and semi-autonomous vehicles on the road could potentially result in lower-speed collisions, resulting in a lower severity of damage, a collision repair industry expert told Canadian Underwriter recently. “As we start to see some of these advanced driver…
Are you covered for giant boulder damage? Not if the Earth moves…
December 7, 2017 by Canadian UnderwriterResidents in certain parts of British Columbia may be used to evacuations from wildfires, but how about evacuations due to giant boulders? The Canadian Press reported earlier this week that eight properties in the province’s Fraser Valley, including five homes,…
New Brunswick moves to protect innocent co-insureds
December 7, 2017 by Canadian UnderwriterNew Brunswick tabled amendments to the province’s Insurance Act Wednesday to protect innocent co-insureds in cases of intimate partner violence and property damage. Most home insurance policies exclude payment for loss or damage caused by an intentional or criminal act…
Hyperion deal shows pension fund to be bullish on insurance
December 7, 2017 by Canadian UnderwriterWith its fourth major insurance acquisition in 18 months, the manager of Quebec’s public pension funds was looking for exposure to markets in Asia and Latin America, a Caisse de dépôt et placement du Québec spokesman told Canadian Underwriter Wednesday.…
Government farm insurer not asking for documentation to support claims
December 7, 2017 by Canadian UnderwriterAn Ontario government-owned insurer should be requiring farmers to submit supporting documentation when paying production loss claims arising from harsh weather or disease, the auditor general recommended in a report tabled Dec. 6 in the legislature. Guelph-based Agricorp, a crown…
P&C People: Who’s landed where?
December 7, 2017 by Canadian UnderwriterGuarantee Company of North America appoints two members to board of directors The Guarantee Company of North America has appointed Bev Wittmack and Dawn Tattle to its board of directors. Wittmack is a director of JEH Enterprises Inc., a privately-owned…
Dispute over brokerage sale could have sent “commercial law sideways”
December 7, 2017 by Canadian UnderwriterIn a case that would “have had the potential to send the practice of commercial law sideways,” Manitoba’s Court of Appeal has reversed a lower court’s $10 million-decision against Western Financial Group over a disputed share price valuation related to…
Planning for a public emergency? Don’t follow Ontario’s example
December 6, 2017 Greg Meckbach, Associate EditorOntario’s emergency planning for risks such as severe weather, terrorism and cyber-attacks is in dire need of an update, the province’s auditor general concluded in a report released Wednesday. The province’s severe weather plan has not been updated in 12…