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Markets / Coverages
Manitoba Public Insurance uses virtual reality to tackle distracted, impaired driving and speeding
April 10, 2017 by Canadian UnderwriterManitoba Public Insurance (MPI) has announced that it is launching a new “virtual reality (VR) experience” to tackle three critical road safety issues facing young drivers in Manitoba: distracted driving, impaired driving and speeding. Ron Schuler, Manitoba’s Minister of Crown…
Sonnet ‘first step in a multi-step journey’: Economical’s SVP and chief marketing officer
April 10, 2017 Jason Contant, Online EditorFully online insurance company Sonnet is the “first step in a multi-step journey” and the learnings from that process will be applied back to other parts of Economical Insurance’s business, Economical senior vice president and chief marketing officer Michael Shostak…
Satisfying unmet customer needs key to helping prevent disruption: CIP Symposium speaker
April 7, 2017 Jason Contant, Online EditorIf the insurance industry doesn’t start meeting unmet customer needs and responding to trends like the sharing economy, new entrants will likely continue to disrupt the industry, attendees to the CIP Society Symposium 2017 heard on Thursday. “The big risk…
Red River crests in Winnipeg, flood watch issued west of the Manitoba capital
April 6, 2017 The Canadian PressWINNIPEG – Manitoba flood officials say the Red River has crested in the provincial capital but water levels remain high in other parts of the province. The latest flood bulletin says the Red River reached its peak Tuesday but water…
More action needed to better prepare for earthquake in Canada: Scotti
April 6, 2017 by Angela StelmakowichCanada would be well-advised to take a cue from other nations and do more to establish partnerships and requirements that better protect property owners in the event of an earthquake, says Veronica Scotti, president and CEO of Swiss Re Canada.…
ICBC examines anti-distracted driving technology
April 6, 2017 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC) has posted a Request for Information (RFI) on BC Bid for market research and technology aimed at reducing distracted driving. The posting of the RFI, as part of ICBC and the government of…
Climate adaptation investment has ‘long-lasting and substantial impact:’ Intact VP
April 5, 2017 Greg Meckbach, Associate EditorBuilding infrastructure to reduce weather-related losses can benefit society for generations, but the problem of climate change is “so global and complex” that there will always be more work required, insurance company executives suggested Wednesday at a conference in Toronto.…
ICLR launches backwater valve installation website for homeowners and professionals
April 5, 2017 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) has launched a backwater valve installation website to provide basic information about sewage backflow prevention devices to assist homeowners in better understanding what they are and how they work, and aid plumbing professionals…
One Alberta brokerage and two from Ontario join BrokerLink
April 5, 2017 by Canadian UnderwriterOne Alberta brokerage and two Ontario brokerages announced on Tuesday that they will join BrokerLink, one of the largest Canadian property and casualty insurance brokerages. Alberta-based Full Circle Insurance Ltd. and Ontario brokerages Fairview Insurance Brokers Inc. and Steven Kaluski…
Pack ice, epic blizzards as ‘relentless’ winter won’t let go across Newfoundland
April 5, 2017 Sue Bailey - THE CANADIAN PRESSJOHN’S, N.L. – From extreme pack ice to record-breaking snow falls, it’s the winter that just won’t let go across much of Newfoundland. There are at least 230 centimetres of snow (more than seven feet) on the ground in Gander…
Analytics single greatest disruptor to Canadian insurance industry: survey
April 4, 2017 by Canadian UnderwriterAnalytics is the single greatest disruptor to the Canadian insurance industry today, according to 65% of executives polled for a recent survey by Insurance Nexus, a division of FC Business Intelligence. Insurance Nexus reported on Tuesday that it recently surveyed…
Court finds Toronto Transit Commission has ‘demonstrated workplace drug and alcohol problem’
April 4, 2017 by Canadian UnderwriterA judge has denied an application for an injunction that would have prohibited the Toronto Transit Commission from randomly testing 20% of its employees every year for drug and alcohol use. In a ruling released Monday, Mr. Justice Frank Marrocco…