Topic Claims
How lithium-ion batteries threaten recycling facilities
April 3, 2024 by Philip PoradoIntroduction of lithium-ion batteries has introduced new hazards into the everyday lives of Canadians due to their ability to catch fire spontaneously – a phenomenon known as ‘thermal runaway.’ What began as concerns about fires started by cell phone and…
Police investigate multi-tractor crash as carbon-levy protests continue in Alberta
April 3, 2024 by The Canadian PressMounties in Alberta say they’re keeping traffic moving on the Trans-Canada Highway despite a roadside carbon-levy protest, and say five large farm tractors have already caused a multi-vehicle crash. Protesters slowed traffic on the Trans-Canada just west of Calgary on…
Canadian businesses are at risk of insolvency — here’s how insurance factors in
April 2, 2024 by Alyssa DiSabatinoIn Canada, corporate insolvencies have noticeably increased year over year, but brokers can step in to assist their clients with cash flow management and risk mitigation solutions, one expert shares. Insolvencies, defined as a business’s inability to abide by their…
3 ways Canadian insurers can prepare for political risk
April 2, 2024 by David GambrillCanada is not immune to social divisions resulting in damage caused by political protests, and insurance companies can do three things to prepare for political risk, says a new report published by the Insurance Institute of Canada. First, insurance companies…
Regulators suspend broker over fraudulent auto claim
March 28, 2024 by David GambrillA former Alberta broker who was suspended for a year last July for submitting a fraudulent auto insurance claim has had her B.C. licence suspended for a year, starting March 2024. B.C.’s insurance council said it was revoking her licence…
Toronto police recover stolen vehicles amid ongoing rise in auto theft
March 28, 2024 by Maan Alhmidi – The Canadian PressToronto police announced the recovery of 48 stolen vehicles and the arrests of seven people Wednesday as they detailed their latest attempt to crack down on the growing issue of auto theft in the region. Investigators said information gathered during…
Canadian bridges are safe, officials say, after U.S. bridge rammed by ship collapses
March 27, 2024 by Jacob Serebrin – The Canadian PressCanadian authorities tried to reassure the public about the safety of bridges in the country following the collapse of a bridge in Baltimore, Md., early Tuesday morning after it was rammed by a container ship. Halifax Harbour Bridges, which operates…
What the P&C industry thinks of Ontario’s 2024 budget
March 27, 2024 by Jason ContantProposed reforms to Ontario auto insurance will make life simpler for accident victims but could increase premiums and costs for insurers, says David Marshall, who’s served as senior advisor to the provincial government on auto insurance and pension funds. In…
How to keep cyber criminals from capitalizing on company culture
March 26, 2024 by Alyssa DiSabatinoHumans continue to be the weakest links when it comes to corporate cyber security, but companies looking to reduce phishing or ransomware attempts must first address their company culture, one expert tells Canadian Underwriter. Over the past two to…
How the total solar eclipse could affect auto claims
March 26, 2024 by Jason ContantWith a total solar eclipse set to pass over parts of Canada in less than two weeks, researchers at Toronto’s Sunnybrook Research Institute are warning about a possible surge in traffic fatalities. The rare celestial event will unfold over Canada,…
Giant Tiger customer data compromised in incident with third-party vendor
March 26, 2024 by Tara Deschamps – The Canadian PressGiant Tiger Stores Ltd. says contact information for some of its customers was compromised in an “incident” linked to a third-party vendor it uses. Alison Scarlett, a spokesperson for the Ottawa-based discount retailer, would not name the vendor on Monday…
Insurer’s Top 5 insurance fraud claims of 2023
March 25, 2024 by Jason ContantAn intoxicated driver who reported her car stolen to avoid the consequences of impaired driving and fake invoices for high-end jewellery reportedly stolen from a vehicle were among Saskatchewan Government Insurance’s (SGI) Top 5 insurance fraud claims of 2023. The…