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Insurers urged to share cat models to help map flood risk

February 1, 2018 by David Gambrill

Catastrophe models that Canadian insurers use to predict flood damage should be open-sourced, free and accessible to everyone, says the chief executive of an open source cat modelling platform. A common theme at the C4 conference in Ottawa, organized by

News ClaimsInsuranceLegalMarkets / Coverages

Cap on minor injury auto awards could be coming to B.C.

February 1, 2018 by Greg Meckbach

British Columbia’s government is considering caps on awards, in auto insurance personal injury lawsuits, for pain and suffering for minor injuries, the province’s attorney general told Canadian Underwriter Tuesday. With a cap on minor injury claims, Insurance Corporation of B.C.

News InsuranceMarkets / CoveragesProductsTechnology

This is what your cyber policies should focus on

February 1, 2018 by Jason Contant

Business interruption should be the focus of cyber insurance policies nowadays, Lindsey Nelson, international cyber team leader with CFC Underwriting, said to Canadian Underwriter in an interview on Monday. “I think it might be a matter of insurers are really

News InsuranceMarkets / CoveragesTechnology

How driverless trucks will affect Alberta’s oilsands

February 1, 2018 Dan Healing - THE CANADIAN PRESS

CALGARY – About 400 jobs are expected to disappear at Suncor Energy Inc.’s oilsands mines in northern Alberta as it deploys driverless ore-hauling trucks to replace the ones humans operate now. “We have about 500 roles that will get eliminated

News ClaimsInsuranceLegalMarkets / Coverages

Arbitration filing deadlines trump law clerk “screw-up,” Ontario court rules

January 31, 2018 by David Gambrill

A law clerk “screw-up” is not an “extraordinary circumstance” that would allow an injured driver to circumvent the time limits for producing expert witnesses and documents in an auto accident benefits arbitration, an Ontario court has ruled. Margaret Cyr and

News InsuranceMarkets / Coverages

Let the private market compete in British Columbia: IBC

January 31, 2018 by Greg Meckbach

Insurance Corporation of British Columbia’s monopoly should end, Insurance Bureau of Canada said this week, but the province’s attorney general contends that competition will not result in lower premiums for B.C. vehicle owners. Opening up auto insurance to competition “does

News InsuranceLegalMarkets / Coverages

Tribunal decision imperils limitation periods in auto claims

January 30, 2018 by Jason Contant

The Insurance Act is just one act to consider among all the other factors when dealing with the two-year limitation period in statutory accident benefits disputes, the Ontario Licence Appeal Tribunal (LAT) has found. “So that’s frightening,” Philippa Samworth, a

News InsuranceMarkets / CoveragesTechnology

What happens to your clients’ outdated pink slips?

January 29, 2018 by Jason Contant

When Nova Scotia became the first jurisdiction in Canada to allow electronic proof of automobile insurance (EPAI), it opened up a whole new world for insurers to offer the digitized pink slips to their consumers. Nova Scotia’s move “will be

News InsuranceMarkets / CoveragesTechnology

Where you will find your next commercial cyber clients

January 29, 2018 by Jason Contant

Cyber insurance is evolving into the non-privacy space, with insurers moving more into business interruption coverage, Catherine Evans, vice president of Marsh Canada,  told Canadian Underwriter Monday. “Insurers are pushing more into the areas where it’s really more of an

News InsuranceMarkets / CoveragesTechnology

Aviva Canada responds to CU poll results

January 29, 2018 by David Gambrill

Canadian Underwriter conducted a poll of its broker readers last week. Out of the 401 responses CU received, about 68% placed business with Aviva Canada. Among the survey findings, we asked brokers to record their level of agreement with the

News InsuranceMarkets / Coverages

Brokers apprehensive about Aviva’s direction under new CEO: CU poll

January 29, 2018 by David Gambrill

Canadian brokers are playing a game of “wait and see” as they prepare for the arrival of Colm Holmes, Aviva Canada’s new president and CEO, a Canadian Underwriter poll suggests. Aviva Canada announced this month that Greg Somerville is stepping

News Markets / Coverages

When security goes too far

January 29, 2018 The Canadian Press

SYDNEY, N.S. – A Nova Scotia judge says it’s not the court’s place to enforce good manners, in ruling on a case that pitted a homeowner’s interests in monitoring her property against her neighbour’s privacy concerns. Provincial court Judge Peter