Topic Ontario
Why mom is not liable for son’s traffic collision driving mom’s car
April 12, 2021 by Greg MeckbachWhen a parent says no to a child who wants to drive the car, and the parent does not leave the keys out in the open to be easily found, the child does not in fact have the parent’s consent…
Former Zurich Canada CEO to head up university reciprocal exchange
April 8, 2021 by Greg MeckbachPatrick Lundy is about to take the reins of Burlington, Ont.-based Canadian University Reciprocal Insurance Exchange (CURIE). Lundy, CEO of Zurich Canada from 2012-17, will be CEO of CURIE effective Apr. 19, 2021. Until recently, Lundy was senior vice president…
Repair cycle times in Canada: Where it takes the longest to get a car fixed
April 8, 2021 by Adam MalikAlberta is the only Canadian province where the average days billed for rental vehicles increased in 2020 Q4, according to a recent report. And it appears to be thanks to the almost $2 billion in insured damages the province suffered…
Three large Canadian brokerages announce separate M&A deals
April 8, 2021 by Jason ContantThree large Canadian brokerages have announced recent acquisitions of other brokerages. On Thursday, Westland Insurance reported it closed its acquisition of MBS Insurance Brokers, effective Apr. 1. Navacord Corp. added LL Renaissance Insurance Brokerage Canada Limited to its ranks, while…
Why more auto insurers may opt for UBI
March 30, 2021 by Greg MeckbachOntario motorists can expect to see more insurers offering telematics now that the province is allowing carriers to impose surcharges on risky drivers. “The bottom line is that insurance companies always want to find the right price for a risk…
How to detect insurance fraud before the tow truck turf wars start
March 26, 2021 by Jason ContantEarly identification of potential insurance fraud schemes through automation can help prevent scenarios like the towing turf wars in Ontario from spiralling out of control, the CEO and co-founder of FRISS said Wednesday. “I think it is crucial for the…
Ontario budget highlights property flood risk
March 25, 2021 by Greg MeckbachInsurers are applauding the Ontario government for its commitment to improve flood mapping and to provide more money for municipal water infrastructure, measures that the industry hopes will reduce the risk of water damage to insured properties. In a press…
Co-operators has no duty to defend a “novel” data policy exclusion: Appeal court
March 19, 2021 by David GambrillThe Co-operators does not have a duty to defend a cyber liability case involving a “novel” policy exclusion for breached data being published over the internet, the Ontario Court for Appeal has ruled. Reversing the previous decision of a lower…
What could happen to your jury notice under rules of simplified procedure during COVID
March 18, 2021 by David GambrillIf an insurer consents to defend a client’s auto liability claim under an Ontario court’s rules of simplified procedure, then that client could lose their option for a jury trial — especially when the pandemic causes delays in forming a…
Why Facility Association is reducing its trucking deductibles
March 17, 2021 by Adam MalikFacility Association has announced a reduction in deductibles for the trucking industry. In her remarks at Facility Association’s recent annual general meeting, FA’s president and CEO Saskia Matheson said the 25% deductible rule for high-valued commercial vehicles will be dropped…
This mutual aspires to break into Top 10 by the 2030s
March 12, 2021 by Greg MeckbachIf multiple Juno-winner Tom Cochrane were to analyze your industry, he might say, “My Gore’s going to play in the big leagues.” Gore Mutual Insurance Company, based in Cambridge, Ont., has big ambitions. Although the mutual currently commands less than…
No working smoke alarms at fatal Toronto house fire, investigators say
March 12, 2021 by Liam Casey - THE CANADIAN PRESSTORONTO – There were no working smoke alarms inside a Toronto house where a fire killed four people, investigators said Friday. The Office of the Fire Marshal said an electrical failure in the ceiling of the dining room in the…