Once autonomous vehicle technology becomes commercially feasible for public transportation, it will be widely adopted, predicts Obaid Rahman, vice president of commercial underwriting and specialty lines at Economical Insurance. “In my view, when autonomous technology is commercially viable for public…
The path of Hurricane Laura — which is currently located off the U.S. Gulf Coast and described as one of the fastest-intensifying storms in history — is tracking to hit St. John’s, Nfld., next Monday as a post-tropical storm, according…
Being able to distinguish between personal and commercial usage is one of the biggest unique differences with underwriting for the sharing economy, but the abundance of data available makes a hybrid insurance model possible, Economical Insurance said recently. “You can…
Economical Insurance will replace Intact Insurance as the commercial auto insurer for Uber in four Canadian provinces effective Sept. 1. Waterloo, Ont.-based Economical announced Tuesday in a press release the “new and significant relationship with Uber in Canada, designed to…
Before the pandemic, hard market conditions and the increasing digitization of brokerages were already reasons for some broker principals to ponder selling the business and moving on, but the novel coronavirus may have further accelerated the pace of M&A, says…
BrokerLink announced Tuesday the closing of nine acquisitions to date for 2020, including the acquisition of brokerages in Alberta, Ontario, Nova Scotia and New Brunswick. BrokerLink, a subsidiary of Intact Financial Corporation, continues to look to the future to carry…
HALIFAX – A group of students, alumni and some staff at St. Francis Xavier University are pushing back against a legal waiver that students are required to sign if they want to return to classrooms in the fall amid a…
Nova Scotia has had a hard few months, and not just because of COVID-19, says Darren Lipsett, president of the Insurance Brokers Association of Nova Scotia. Brokers are dealing with rate hikes and the national capacity crunch as insurers try…
With four new partnerships announced July 6, commercial brokerage Navacord now has offices in Prince Edward Island, Nova Scotia and New Brunswick. “We are now coast to coast,” Navacord executive chairman T. Marshall Sadd said Monday in an interview. Cooke…
Motorists in Ontario, Alberta, Nova Scotia and Newfoundland and Labrador should be allowed to buy pay-per mile insurance, an Insurance Bureau of Canada official says. Those four provinces already allow usage-based insurance, wrote Ryan Stein, IBC’s executive director of auto…
If some Alberta homeowners are only getting a small fraction of the cost to repair properties damaged in the recent hail storm, that could be the result of choosing a policy that only covers actual cash value, Insurance Bureau of…
DEBERT, N.S. – A cleanup is underway in Debert, N.S., after a transport truck carrying over 1,000 propane cylinders caught fire. Nobody was injured in Sunday’s blaze on the Plains Road, which turned a large number of the nine-kilogram cylinders…