Topic Commercial Auto
How Northbridge beat the taxman
October 26, 2023 by David GambrillNorthbridge is allowed to claim GST input tax credits for insurance policies it issued to trucking companies operating in both Canada and the United States, the Federal Court of Appeal has ruled. The decision overturned a Tax Court of Canada…
Why auto insurance concerns might hinder electric vehicle adoption
October 26, 2023 by Alyssa DiSabatinoAs governments gear up for a national push toward electric vehicles (EVs), Canadians are harbouring anxieties about their auto insurance policies. Seventy eight per cent of Canadians are concerned about the cost of their insurance premiums on an electric vehicle,…
P&C industry needs help fighting auto theft: IBC CEO
October 19, 2023 by Alyssa DiSabatinoCanada’s P&C insurance industry is doing its part to combat auto theft, but more support is needed from car manufacturers and governments to prevent this trend from worsening, Celyeste Power, president & CEO of the Insurance Bureau of Canada (IBC),…
Why clients get dropped from their auto policies without knowing
October 17, 2023 by Alyssa DiSabatinoDrivers used to get a reminder in the mail that their license or plate renewal is approaching. But in 2022, the Ontario government stopped mailing out physical notices for expiring licenses. Some drivers didn’t get the memo. Mitch Insurance is…
The driving factor behind Navacord’s mergers
October 13, 2023 by Alyssa DiSabatinoFresh from completing three mergers this month, Navacord president and CEO Shawn DeSantis tells Canadian Underwriter the company is working to expand its geographic presence and build national scale. In British Columbia, Navacord announced its latest deal with Harbord Insurance…
How auto insurance will navigate a world with self-driving cars
October 4, 2023 by Tim Crljenica, Thomas Gold Pettingill LLPSelf-driving cars have been a part of visions of the future for decades, and what was once only imaginary has started to become reality. Not only do self-driving cars exist, but five U.S. states (Arizona, California, Michigan, New Hampshire and…
Major merger of three Navacord commercial brokerages
October 3, 2023 by Alyssa DiSabatinoThree Navacord brokerages are merging to create one of the largest commercial brokerages in Saskatchewan, the company announced Tuesday. Henderson Insurance, Hoffmann Kool Insurance, and Life Line Brokers, will merge as HK Henderson, effective Nov. 1. “The partnership creates one…
Tips for insuring properties worth more than $500 million
October 2, 2023 by Philip PoradoCoverage for high-value real estate, defined as sites worth $500 million or more, is often based as much on how those sites are used as on the physical assets themselves. Multi-use sites, where activities like manufacturing, distribution, logistics and management…
Zombie apocalypse: why businesses face liability from distracted walkers
September 25, 2023 by Alyssa DiSabatinoSmartphone zombies (i.e. pedestrians who use their phone while walking) aren’t just hazardous to themselves; this phenomenon also poses a major risk for insured businesses. People have become increasingly dependent on their devices, even going so far as to scroll,…
Toronto self-driving company strikes partnership with Uber Freight
September 22, 2023 by The Canadian PressTORONTO – Self-driving tech company Waabi says it has struck a partnership with Uber Technologies Inc.’s freight division to accelerate autonomous trucking adoption. Toronto-based Waabi says the partnership will combine its core self-driving technology with Uber Freight’s logistics platform and…
Where 2023 Cat losses stand after summer storms
September 20, 2023 by David GambrillSummer storms in Alberta and the Prairies caused more than $300 million in insured losses, bringing the cumulative total of Cat losses to date in Canada to more than $2 billion — with another financial quarter to go in 2023.…
BrokerLink continues expansion with Atlantic Canada acquisition
September 13, 2023 by Jason ContantBrokerLink continues its growth in Atlantic Canada with the acquisition of Nova Scotia-based brokerage Roger E. Strum Limited. Headquartered in Windsor, N.S., Strum Insurance has offered professional guidance for home, auto, motorcycle, recreational vehicle, boat and business insurance for more…