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News Markets / Coverages

Marijuana legalization to offer pot by mail, access to banks

June 26, 2018 Gene Johnson - THE ASSOCIATED PRESS

Mail-order weed? You betcha! With nationwide marijuana legalization in Canada on the horizon, the industry is shaping up differently there than the way it was established in nine U.S. states that have similarly broad legalization. Age limits, government involvement in

News CatastrophesClaimsInsuranceMarkets / Coverages

Fort McMurray airport sues insurer for $34 million in wildfire losses

June 25, 2018 by Jason Contant

The Fort McMurray Airport Authority (FMAA) is suing FM Global for more than $34 million, contending that the insurer breached its obligations under a policy in place during the Fort McMurray wildfire in May 2016. In a statement of claim

News BrokersInsuranceMarkets / Coverages

How Canada’s tourist boom creates a big opportunity for brokers

June 25, 2018 by David Gambrill

Insurance brokers seeking to grow their travel line of business should ask their clients if they are expecting friends or family to visit Canada in the future and, if so, whether they would be interested in purchasing “visitors to Canada”

News BrokersMarkets / CoveragesTechnology

The thinking behind BFL’s ‘turnkey solution’ for cyber clients

June 25, 2018 by Greg Meckbach

Brokers looking to sell cyber insurance to commercial clients should be looking to partner with non-insurance firms specializing in security and risk assessment, one Quebec-based broker advises. “Brokers need to look at not just selling insurance but partnering, and how

News ClaimsInsuranceMarkets / Coverages

ClaimsPro prepares dedicated adjuster team for marijuana legalization

June 22, 2018 by Jason Contant

Independent adjusting company ClaimsPro announced this week that it has prepared a dedicated adjuster team for the cannabis industry, just as Canada moves to legalize marijuana in October. The team will exclusively handle first- and third-party cannabis claims, such as

News InsuranceMarkets / CoveragesTechnology

Human driver distracted before fatal autonomous Uber crash

June 22, 2018 Tom Krisher and Jacques Billeaud - THE ASSOCIATED PRESS

PHOENIX – The human backup driver in an autonomous Uber SUV was streaming the television show “The Voice” and looking downward just before fatally striking a pedestrian in suburban Phoenix, according to a police report. The 300-page report released Thursday

News ClaimsInsuranceMarkets / Coverages

Is the sun setting on auto insurance in Canada?

June 20, 2018 by David Gambrill

Is the sun setting on auto insurance as a dominant line of business in Canada? Property lines premium is catching up to auto insurance premiums, causing many to predict that auto insurance will recede in the rearview mirror over the

News ClaimsInsuranceLegislation / RegulationMarkets / Coverages

Recreational marijuana to be legal by mid-September

June 20, 2018 Joan Bryden - THE CANADIAN PRESS

OTTAWA – Canadians will be able to legally purchase and consume recreational marijuana by mid-September at the latest after the Senate voted Tuesday to lift almost a century-old prohibition on cannabis. Senators voted 52-29, with two abstentions, to pass Bill

News CatastrophesClaimsMarkets / Coverages

How training plays into claims adjusting during back-to-back cats

June 19, 2018 by Jason Contant

When Canada experiences back-to-back catastrophes, it can be a challenge to pull together all the required resources in a timely fashion. Part of the puzzle is ensuring that claims adjusters and other parties are properly trained for the files they

News AssociationsInsuranceLegislation / RegulationMarkets / CoveragesTechnology

Is the slow pace of regulatory change putting the industry at risk?

June 19, 2018 by Jason Contant

The insurance industry is at risk if regulators don’t recognize that consumer expectations are changing and allow consumers the choice of receiving their policy documents electronically, the president and chief executive officer of the Centre for Study of Insurance Operations

insPRESS AnnouncementsMarkets / Coverages

Unica Insurance launches SPARK™ Small Business Protection

June 18, 2018 Unica Insurance Inc.

MISSISSAUGA, ON, June 18, 2018 /insPRESS/ – Unica Insurance (Unica) is proud to announce the launch of SPARK™, a comprehensive solution for protecting small businesses. SPARK™ is designed specifically to cover Contractors and Professional Office segments and provides best-in-class protection

News AssociationsBrokersInsuranceMarkets / Coverages

Quebec places number on brokerage distribution agreements with insurers

June 18, 2018 by Jason Contant

The Quebec National Assembly has adopted Bill 141, which will require brokerages in the province to have at least three distribution agreements in place for personal lines with insurers “that are not in the same financial group.” Hypothetically, brokerages could