Topic
Markets / Coverages
Politicians push for impaired driving prevention week
February 6, 2018 by Greg MeckbachWith 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…
InsurTech Growth Program launched in Canada
February 6, 2018 by Jason ContantAviva 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…
How the new European privacy law can affect Canadian firms
February 6, 2018 by Greg MeckbachA 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…
Two key fundamentals for selling cyber cover
February 5, 2018 by Jason ContantBrokers 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…
Adjuster solves mystery of fire in the firehall
February 5, 2018 by Jason ContantFire 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…
Time has come for national big data strategy
February 5, 2018 Andy Blatchford - THE CANADIAN PRESSOTTAWA – 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…
Why insurers aren’t rushing to offer earthquake insurance in Quebec
February 4, 2018 by David GambrillCanadian 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…
Is storm-ravaged Alberta insurable?
February 4, 2018 by David GambrillAlberta 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…
Insurer must pay $237K in legal costs to elderly woman awarded $20K
February 2, 2018 Colin Perkel - THE CANADIAN PRESSTORONTO – 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…
Industry seeks government help to deal with homes in high-risk flood areas
February 1, 2018 by David GambrillCanadian 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…
Insurers urged to share cat models to help map flood risk
February 1, 2018 by David GambrillCatastrophe 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…
Cap on minor injury auto awards could be coming to B.C.
February 1, 2018 by Greg MeckbachBritish 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.…