Topic Ontario
How much the Barrie tornado cost insurers
August 18, 2021 by Jason ContantSix tornadoes that hit Barrie and other communities in Ontario last month caused $75 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The EF-2 strength tornadoes impacted the communities of Barrie, Innisfil, Kawartha…
Supreme Court of Canada won’t reverse this municipal liability finding
August 17, 2021 by Greg MeckbachAn August 12 Supreme Court of Canada decision means a Toronto-area municipality remains not liable for an electric shock suffered by a teenager at a public sports field. Zoe Onley was 18 when she was placing soccer on a wet…
Former State Farm Canada head Bellissimo joins industry regulator board
August 17, 2021 by Greg MeckbachBarbara Bellissimo, former chief agent for State Farm Canada, is now on the board of Ontario’s insurance regulator. The Ontario Financial Services Regulatory Authority announced Monday that Bellissimo is a member of its board of directors effective Aug. 12. Bellissimo…
Most Ontario wildfire evacuees headed home, one First Nation still evacuating
August 13, 2021 by The Canadian PressDRYDEN, Ont. – Most residents of First Nations in northwestern Ontario who were evacuated due to the threat of nearby wildfires are heading home. The province says hundreds of members of three communities — Pikangikum First Nation, Deer Lake First…
WICC’s 25th: Using the past to find meaning in the present — Getting to know Jackie Bailey
August 12, 2021 by Women in Insurance Cancer Crusade (WICC)Editor’s Note: In honour and celebration of Women and Insurance Cancer Crusade (WICC)’s 25th anniversary, Canadian Underwriter will be publishing each Friday a personal story of someone who has been touched by WICC’s fundraising activities in support of cancer care…
BrokerLink doubles size in Atlantic Canada, buys brokerages in Ontario and Alberta
August 9, 2021 by Jason ContantBrokerLink has doubled its presence in Atlantic Canada and is now one of the largest brokerages on the east coast following its acquisition of Archway Insurance and South Coast Insurance Agency Limited. BrokerLink, a subsidiary of Intact Financial Corporation, announced…
Sixth First Nation in northwestern Ontario evacuating due to forest fires
August 5, 2021 by The Canadian PressTORONTO – Members of a sixth First Nation in northwestern Ontario are being evacuated due to the threat posed by wildfires. The Ontario government says about 200 members of the Wabaseemoong First Nation are expected to be evacuated from the…
Court clarifies definition of ‘newly acquired automobile’ in motorcycle accident case
July 29, 2021 by Jason ContantA newly acquired motorcycle is considered a “newly acquired automobile” for the purpose of accident benefits under the Ontario Automobile Policy (OAP 1), a panel of three Ontario judges has found. The Divisional Court considered a statutory appeal of the…
Home insurance rates dropping but no reprieve for condo owners
July 28, 2021 by Jason ContantPersonal property premiums were a mixed bag in the first quarter of 2021, with insurance for condo owners continuing to rise, but home insurance rates trending down, according to a new report from LowestRates.ca released Tuesday. Year-over-year, home insurance premiums…
Why many brokers need to change their auto quoting process
July 28, 2021 by Greg MeckbachMany brokerages that use AutoPlus to obtain auto insurance quotes will likely have to change their processes over the next couple of months. AutoPlus’s vendor, CGI Group Inc., will start updating that online database product Aug. 13, says the Insurance…
Ontario seeing more and larger wildfires this year, officials say
July 26, 2021 by Allison Jones - THE CANADIAN PRESSThe number and size of wildfires in northern Ontario this year are substantially higher than average, and have forced thousands of people to flee First Nations communities, the government said Monday. This year there have been 902 wildfires so far,…
Former Bermuda reinsurer CEO now on Intact board of directors
July 23, 2021 by Greg MeckbachEmmanuel Clarke, a former CEO of Bermuda insurer PartnerRe Ltd., is now on Intact Financial Corporation’s board of directors, Toronto-based Intact announced Thursday. Clarke, a French national, was appointed CEO of PartnerRe in 2016, shortly after EXOR S.p.A. completed its…