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Intact sounds alarm on escalating collision repair costs

February 12, 2018 by Greg Meckbach

Escalating collision repair costs have commended the attention of Intact Insurance, as company officials continue to express disappointment with the Toronto-based insurer’s financial results in personal auto. Company officials said they had “unsatisfactory” performance in personal auto, with the chief

News InsuranceMarkets / Coverages

Why Intact plans to raise auto insurance premiums

February 12, 2018 by Greg Meckbach

Intact Financial Corp. plans to apply nation-wide for rate increases in personal auto, a move to improve the firm’s profitability in personal auto insurance. “In terms of additional rate actions in 2018, we are expecting a further 5% [increase] in

News InsuranceMarkets / Coverages

LCBO chooses Shopify to run online cannabis sales

February 12, 2018 The Canadian Press

TORONTO – The Ontario government has inked a deal to use Shopify Inc.’s e-commerce platform for cannabis sales online and in stores as part of its plan to be the province’s sole distributor of legal recreational marijuana. The Ontario Cannabis

News ClaimsInsuranceMarkets / Coverages

Look for ICBC to ‘behave more like a private sector company’: IBC

February 9, 2018 by Greg Meckbach

With its cap on minor injury awards announced Tuesday, British Columbia’s government monopoly auto insurer is moving towards a model used by other provinces that have private auto insurance systems, Insurance Bureau of Canada says. Awards for pain and suffering

News InsuranceMarkets / CoveragesTechnology

Average Canadian company faces $3.7 million in cyber exposure

February 9, 2018 by Jason Contant

The cost to recover from security breaches in Canada averages $3.7 million in direct and indirect costs per organization, including network down time, employee work days, lost files and compromised information, according to a new survey. Of that amount, the

News InsuranceLegalMarkets / Coverages

Dispute erupts between Quebec and Ottawa over personal cultivation of pot plants

February 9, 2018 The Canadian Press

QUEBEC – Ottawa’s plan to legalize marijuana is causing a rift with Quebec over how many plants are allowed to be grown at home. The federal government’s bill allows Canadians to cultivate up to four pot plants, while Quebec doesn’t

News InsuranceMarkets / CoveragesTechnology

Mixed responses to bullying in home insurance policies

February 8, 2018 Greg Meckbach, Associate Editor

Home insurance can cover parents of alleged bullies who are sued by their victims, but policy wordings vary from insurer to insurer, a lawyer told claims professionals Tuesday. Cyber bullying encompasses many activities, including defamation, promoting hatred against people and

News ClaimsInsuranceLegalMarkets / CoveragesTechnology

When drone damage could trigger a home insurance claim

February 8, 2018 Greg Meckbach, Associate Editor

When consumers fly unmanned aerial vehicles as a hobby, will their home insurance policies cover them for any lawsuits arising from property damage or personal injury caused by the drones? For the most part, aircraft is excluded in the wording

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Why are electronic pink slips being held up in Ontario?

February 8, 2018 by Jason Contant

Ontario’s insurance regulator, the Financial Services Commission of Ontario (FSCO), is still examining some of the complexities surrounding electronic proof of auto insurance (EPAI) before approving their use in the province, offering no timetable to launch EPAI in Ontario. “As

News ClaimsInsuranceMarkets / Coverages

This province recorded its lowest number of traffic deaths in almost 70 years

February 8, 2018 The Canadian Press

REGINA – Preliminary figures show that in 2017 Saskatchewan recorded its lowest traffic fatality numbers since the 1950s. Saskatchewan Government Insurance says in a release that there were 102 deaths last year compared with 125 in 2016. SGI says the

News ClaimsInsuranceLegalMarkets / Coverages

Contractor immune from liability in botched demolition of burning building

February 7, 2018 by David Gambrill

A trucking and excavation company in Nova Scotia is immune from tort liability because it was acting under orders from the local fire department in a botched attempt to demolish a burning building, a Nova Scotia court has ruled. The

News ClaimsInsuranceLegalLegislation / RegulationMarkets / Coverages

A personal support worker seeking work? You’re an attendant care provider, arbitrator rules

February 7, 2018 by Jason Contant

A catastrophically impaired driver can claim expenses incurred for attendant care services provided by his mother, a personal support worker [PSW] who was not employed when she cared for her son at the time of his accident, an Ontario arbitrator