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News InsuranceMarkets / CoveragesTechnology

Coalition launches campaign to bring ride-hailing to province

February 7, 2018 The Canadian Press

VANCOUVER – Eight organizations in British Columbia are joining forces to advocate for ride-hailing services in the province as soon as possible. The Ridesharing Now BC coalition has been formed by groups including the Vancouver Board of Trade, BC Business

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Insurers pushing for regulatory approval of electronic pink slips

February 6, 2018 by Jason Contant

Insurers understand the need for electronic proof of auto insurance, but don’t yet have the ability to share this information electronically, Steve Kee, director of media and digital communications with the Insurance Bureau of Canada (IBC), said in an interview

News InsuranceLegislation / RegulationMarkets / Coverages

Politicians push for impaired driving prevention week

February 6, 2018 by Greg Meckbach

With the federal government preparing to legalize recreational marijuana by no later than July, politicians from the three major parties spoke Friday in favour of designating the third week of March National Impaired Driving Prevention Week. “Marijuana legalization will result

News InsuranceMarkets / CoveragesTechnology

InsurTech Growth Program launched in Canada

February 6, 2018 by Jason Contant

Aviva Canada and tech scaleup company OneEleven have partnered to launch what they call the largest InsurTech Growth Program in Canada. Ryan Spinner, head of digital and innovation at Aviva Canada, told Canadian Underwriter that insurtech is rising and its

News Legislation / RegulationMarkets / Coverages

How the new European privacy law can affect Canadian firms

February 6, 2018 by Greg Meckbach

A European privacy regulation taking effect this May poses some legal risk for commercial brokers’ Canadian clients, whether those clients know it or not. The General Data Protection Regulation (GDPR) “should be top of mind” for Canadian risk managers, Terri

News InsuranceMarkets / CoveragesTechnology

Two key fundamentals for selling cyber cover

February 5, 2018 by Jason Contant

Brokers seeking to sell cyber insurance are advised to do two things: 1) develop a close business relationship with underwriters who are subject matter experts in cyber insurance, and 2) do as much up-front work with the prospective client as

News InsuranceMarkets / Coverages

Adjuster solves mystery of fire in the firehall

February 5, 2018 by Jason Contant

Fire claims investigations can certainly highlight life’s ironies. Consider the case of the firefighters who were called out to a blaze one day at about 3 p.m., only to return to the station and find a fire blazing in their

News Markets / CoveragesTechnology

Time has come for national big data strategy

February 5, 2018 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – Tech leaders are challenging the federal Liberal government to get serious about reaping the rewards of one of the next big frontiers in the information revolution: big data. Canadian CEOs and academics have been pushing Ottawa for months

News CatastrophesInsuranceMarkets / Coverages

Why insurers aren’t rushing to offer earthquake insurance in Quebec

February 4, 2018 by David Gambrill

Canadian insurers are not rushing in to correct a gap in earthquake coverage in eastern Canada right now, primarily because they have a lot of risk on their plates already, an industry representative told the C4 2018 conference in Ottawa

News CatastrophesClaimsInsuranceMarkets / Coverages

Is storm-ravaged Alberta insurable?

February 4, 2018 by David Gambrill

Alberta has experienced a disproportionate share of the extreme weather catastrophes in Canada over the past decade, causing insurers to question whether the province is a viable place to do business. The question was raised Friday at the C4 conference

News InsuranceLegalMarkets / Coverages

Insurer must pay $237K in legal costs to elderly woman awarded $20K

February 2, 2018 Colin Perkel - THE CANADIAN PRESS

TORONTO – An insurance company that played litigation hardball with an elderly car-accident victim has been ordered to pay $237,000 to cover the legal costs she incurred in winning a $20,000 settlement. In her decision, Ontario Superior Court Justice Mary

News CatastrophesInsuranceMarkets / Coverages

Industry seeks government help to deal with homes in high-risk flood areas

February 1, 2018 by David Gambrill

Canadian property and casualty insurers cannot be the sole financial backstop for homeowners who build their homes in high-risk flood areas, a senior industry executive told a catastrophe risk conference in Ottawa. “We have to resolve the issue of high-risk