Topic
Markets / Coverages
Supreme Court rules against city over 2008 hockey riot vandalism
June 12, 2018 The Canadian PressOTTAWA – The Supreme Court of Canada has ruled against the City of Montreal in a case involving rioters who damaged police vehicles after a 2008 Montreal Canadiens victory. Several police cars were set ablaze and some were destroyed in…
How fast are standalone cyber premiums growing in Canada?
June 11, 2018 by Jason ContantStandalone cyber insurance premiums in Canada are expected to be worth about $68 million in 2020, an increase at a compound annual growth rate of 15.8% relative to the 2016 estimate, Finaccord said Monday. Alan Leach, director of the London,…
Crews fight hotspots, flare ups in large fire
June 11, 2018 The Canadian PressCOLE HARBOUR, N.S. – Fire flared up again near a popular hiking trail in Cole Harbour, N.S., as crews continued to try to put out hotspots and quench the remnants of a large blaze that forced the evacuation of dozens…
Privacy Commissioner gives brokers more ammunition to sell cyber policies
June 6, 2018 by Jason ContantCanada’s privacy commissioner is looking to add some bite to the country’s federal privacy laws. And if you need another reason to keep cyber insurance top of mind for your clients, look no further than a recent survey from the…
Feds seek input on railroad insurance rules
June 6, 2018 by Greg MeckbachShould Canada’s rules on railway insurance be changed? If your answer is yes, contact the Canadian Transportation Agency (CTA) within the next four months explaining why. CTA, which has the power to issue and revoke certificates of fitness for federally-regulated…
Where Canada sits with overland flood insurance
June 5, 2018 by Greg MeckbachFive years after massive flooding caused more than $4 billion in uninsured losses in Alberta, more than a dozen insurers representing about three-fourths of Canada’s property insurance market are now covering overland flood. Sixteen insurers representing 77% of the market…
Why Canadians don’t want to buy insurance from Amazon, Facebook or Google
June 5, 2018 by Jason ContantCanadians are less likely than others around the world to buy insurance products from “BigTech” companies such as Amazon, Facebook and Google. Not that other consumers from around the world are in a big rush to buy their insurance from…
Here’s a way small brokerages can afford AI
June 4, 2018 by Jason ContantBudget may not be a big concern for larger companies looking to incorporate artificial intelligence (AI) into their operations, but is AI cost-prohibitive for small, local brokerages? “I don’t think you need a massive budget to do some of this…
Small earthquake detected off coast of B.C.
June 4, 2018 The Canadian PressHAIDA GWAII, B.C. – A small earthquake has been detected off of British Columbia’s coast. Earthquakes Canada says the 4.2-magnitude quake struck Saturday afternoon, 94 kilometres west of the village of Masset, B.C., in the Haida Gwaii archipelago. The agency…
Government-backed home flood insurance coming to Canada?
June 3, 2018 by Greg MeckbachFederal government officials are pondering a flood insurance system similar to Britain’s two-year old Flood Re, an Insurance Bureau of Canada official suggested Thursday. Federal public safety minister Ralph Goodale “asked IBC to lead a working that will deliver recommendations…
Keeping pace with SME business owners
June 2, 2018 Mazdak Moini, Vice President, Commercial Lines, Aviva CanadaSome advice on how to “future-proof” the insurance needs of Canada’s very agile small and medium sized businesses.
Major Canadian retailer finds cyberattacks “more difficult to detect”
May 31, 2018 by Greg MeckbachCyber threats are becoming “more difficult to detect,” a major Canadian retailer suggested Tuesday. Indigo Books and Music Inc., whose holdings include the Chapters and Coles book chains, “may be required to expend significant additional resources” to protect against threats…