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Who knew that book readers could be at such risk?

April 2, 2019 by David Gambrill

A book lover who claimed to have sustained a concussion and a back injury while tripping over a pile of stacked books in a B.C. bookstore had his liability case dismissed for a lack of evidence. The insurer for the…

News ClaimsMarkets / Coverages

Auto loss ratios ‘unsustainable’ in these provinces

March 29, 2019 by Greg Meckbach

Ontario auto insurance is profitable but loss ratios are unsustainable in Alberta and two of the Maritime provinces, Canada’s Property and Casualty Insurance Compensation Corporation notes. “Importantly for insurers, Ontario’s private passenger auto insurance market remained profitable with a loss…

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Ontario ministry issues guidance on paying HST on accident benefits

March 27, 2019 by Jason Contant

Ontario’s Ministry of Finance has proposed regulatory amendments clarifying that harmonized sales tax (HST) is required to be paid in addition to accident benefit limits. If approved, the proposed changes to the Statutory Accident Benefits Schedule (SABS) under the Insurance…

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How environmental liability ruling could affect other insurance lines

March 27, 2019 by Greg Meckbach

Environmental liability is not the only line of insurance that could be impacted by the recent Supreme Court of Canada ruling on a trustee in bankruptcy’s obligation do deal with inactive energy assets such as oil wells. In Orphan Well…

News CatastrophesClaimsInsurance

How the cat season so far compares to 2018

March 26, 2019 by Jason Contant

It seems that the Canadian catastrophe season is off to a strong start, with five events so far this quarter compared to the normal one. “I will say that we have had an anomalous start to the year,” said Laura…

News CatastrophesClaims

Calgary flood protection a provincial election issue

March 25, 2019 by Lauren Krugel - THE CANADIAN PRESS

CALGARY – NDP Leader Rachel Notley pledged more flood protection for Calgary on Friday as she and United Conservative rival Jason Kenney accused each other of dithering on another project to help prevent a repeat of the 2013 deluge that…

News ClaimsLegal

Eight years jail time for truck driver in Broncos bus crash

March 22, 2019 by Bill Graveland and Stephanie Taylor - THE CANADIAN PRESS

MELFORT, Sask. _ A truck driver who caused the deadly Humboldt Broncos crash has been sentenced to eight years in prison. Jaskirat Singh Sidhu of Calgary had pleaded guilty earlier this year to 29 counts of dangerous driving. He stood…

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New insurance coverage for shared travel accommodations

March 21, 2019 by Jason Contant

Has your client booked travel accommodations through platforms like Airbnb, HomeAway and Trip Advisor? If so, they are now able to get insurance coverage for trip cancellations and interruptions. CAA Travel Insurance announced Wednesday it has added a new feature…

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What ransomware attacks cost your clients

March 21, 2019 by Jason Contant

Brokers selling cyber insurance may want to pay attention to a recent statistic: the average financial cost of downtime to a Canadian business following a ransomware attack is 7.5 times higher than the average ransom requested per incident. Canada not…

News EngineeringInsuranceLegal

This Supreme Court ruling could drive environmental insurance sales

March 19, 2019 by Greg Meckbach

Brokers could see more demand for environmental liability insurance because of a recent Supreme Court of Canada ruling in favour of the Alberta Energy Regulator, a Toronto underwriter suggests. In Orphan Well Association v. Grant Thornton Ltd., the Supreme Court…

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Is Aviva-Desjardins fraud collaboration the dawning of a new era?

March 19, 2019 by Jason Contant

Could an insurance fraud collaboration between the second and third largest insurers in Canada herald the beginning of a broader trend across the industry? “Hopefully, this is laying the foundation for great, big things to come,” said Ashish Bhargava, vice…

News ClaimsLegislation / Regulation

Poison reports up in wake of cannabis legalization

March 18, 2019 by THE CANADIAN PRESS

HALIFAX – Atlantic Canada’s largest children’s hospital is warning parents about the risks of edible weed after a flood of cannabis-related calls to its poison centre. The IWK Health Centre says it fielded three times as many cannabis calls to…