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Why regulation holds auto insurers back from using advanced modelling

August 4, 2020 by Greg Meckbach

Auto insurers could potentially use artificial intelligence to improve risk segmentation but some of the newer modelling techniques may not be a good fit with the way rates are currently regulated, a data science expert for one insurer suggests. Ontario’s

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How high cat losses could go this year

August 4, 2020 by Adam Malik

Alberta has become the epicentre for cat losses this year as combined insured damage could reach, if not exceed, $2 billion in the province alone after multiple natural catastrophes have hit various regions over a four-month span. The calculations come

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IBAO updates awards program to salute community leadership during the pandemic

July 30, 2020 by David Gambrill

Shortly after the World Health Organization declared the novel coronavirus to be a global pandemic, when Canadian P&C insurance industry employees first started to work from home remotely to avoid the spread of the virus, Canadian Underwriter asked brokers in

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TD Insurance’s unique defence to BI class action lawsuits

July 30, 2020 by Greg Meckbach

A coverage dispute lawsuit filed in Ontario mistakenly alleges that TD General Insurance writes business interruption coverage, the insurer says. A proposed Ontario class action filed July 6 alleges TD and dozens of other insurers are in breach of contract

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New boiler inspection rules coming to Ontario agriculture

July 28, 2020 by Greg Meckbach

An exemption from inspection rules for boilers and pressure vessels in Ontario’s agricultural sector is coming to an end. Starting next year, boilers and pressure vessels will have to get a certificate of inspection from the province’s Technical Standards and

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Insurer working on future pandemic coverage for school boards, post-COVID

July 27, 2020 by Greg Meckbach

As the Ontario government prepares its school re-opening plan, the insurer for the majority of the province’s boards is working on a plan to provide pandemic coverage, albeit for future pandemics and not for COVID-19. Within the next six to

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Multiple townhouse units damaged in Hamilton fire

July 27, 2020 by THE CANADIAN PRESS

HAMILTON – Firefighters were called out early this morning to battle a massive wind-whipped blaze in a townhouse complex (pictured, above) in Hamilton, Ont. The Hamilton Fire Department says the multi-alarm inferno erupted in the city’s east side on Edenrock

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Northbridge’s advice to restaurants upon re-opening

July 23, 2020 by Greg Meckbach

As restaurants in much of Ontario re-open July 24, a major commercial insurer is warning companies to train their staff carefully. “Servers should bring items such as glasses, cutlery, and single-serve condiments to the table only after the party is

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Toronto mayor says masking bylaw possible if apartment buildings don’t comply

July 23, 2020 by Jake Kivanc - THE CANADIAN PRESS

Toronto Mayor John Tory said he’s prepared to extend the city’s mandatory masking order to shared spaces inside apartment and condominium buildings if management companies refuse to do it voluntarily. Current mandatory masking bylaws in cities such as Toronto apply

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Court dismisses class action against insurers for handling of HST in auto AB claims

July 17, 2020 by David Gambrill

Ontario’s Superior Court has quashed a proposed class action lawsuit against 16 Ontario auto insurers — a dispute related to insurers deducting HST tax from accident benefits paid out to minor auto accident injury victims — because only the LAT

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Bar reopenings going ahead in Ontario as Quebec links cases to bars in Montreal

July 16, 2020 by Mia Rabson - THE CANADIAN PRESS

OTTAWA – Canada’s deputy public health chief says going inside a bar to have a drink with friends remains a high-risk activity in the era of COVID-19. Dr. Howard Njoo’s reminder Tuesday came just days before Ontario starts to allow

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Why insurers cross their fingers after microburst storms in Toronto

July 15, 2020 by Adam Malik

Old infrastructure and combined sewer systems mean that severe thunderstorms like the one seen last week will continue to leave basements flooded for years to come, leaving insurers and claims professionals busy, according to an industry expert. “When you get