Topic Ontario
$2 billion is the new $1 billion for insured Canadian NatCat events
January 5, 2021 by Jason ContantInsured losses from natural catastrophes in Canada totalled nearly $2.5 billion last year, Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ) reported Monday. “The years where annual catastrophic insured losses were below $1 billion seem to be a thing of the…
Why it took four years to add snow removal contractor as a defendant in this slip-and-fall claim
January 4, 2021 by Greg MeckbachA landscaping firm with a contract to spread salt and sand during the winter has been added as a defendant in a personal injury lawsuit in Ontario more than four years after an alleged slip-and-fall accident. 1323765 Ontario Inc., which…
How family protection endorsement works when multiple tortfeasors liable
December 16, 2020 by Greg MeckbachA Court of Appeal for Ontario ruling that reduced an Ontario auto insurer’s liability by more than $500,000 is now final. The Supreme Court of Canada announced Dec. 10 it will not hear an appeal from Gregory Tuffnail, who was…
Ontario wind storm costs the industry $87 million
December 15, 2020 by Jason ContantAdd $87 million to the more than $2.1 billion that the Canadian property and casualty insurance industry has paid out in claims thus far in 2020. An Ontario windstorm in November hit the Greater Toronto Area, the areas of Hamilton,…
Partial building collapse in London, Ont. kills two workers, injures four others
December 14, 2020 by Colin Perkel - THE CANADIAN PRESSTORONTO – Workers sifting through the rubble of a partially collapsed building in London, Ont., recovered the body of a second victim, city officials said on Sunday of the construction mishap that also killed the father of an infant. The…
The latest M&A news from BFL, NFP and Hub
December 11, 2020 by Jason ContantA year-and-a-half after large commercial brokerage BFL Canada acquired Summit Insurance Brokers, the smaller British Columbia-based brokerage has officially been rebranded to BFL Canada Insurance Services Inc. “As of now, all the operations led in Central and Northern British Columbia…
What four home insurers told the auditor general about illegal electrical work
December 8, 2020 by Greg MeckbachSome Ontario homeowners could collect insurance money on property claims even if the damage was caused by illegal electrical work, the auditor general suggests in her report released Monday. Staff with the province’s Office of the Auditor General contacted four…
Western Perspective
December 4, 2020 by Greg Meckbach, Associate EditorMeet Clint Smith, chief operating officer of Manitoba-based Andrew Agencies Ltd., which recently acquired several brokerages in Saskatchewan. Smith gave us his take on the challenges brokers face in Western Canada, the response to the COVID-19 pandemic, and the inside…
How COVID-19 workplace risk advice has evolved
November 26, 2020 by Greg MeckbachAs the pandemic enters its ninth month, risk managers are seeing more emphasis on the length of conversations and the importance of wearing proper masks. “The key thing now is the length of contact with somebody else. Right now, if…
Ontario moves to cap delivery app fees in regions where indoor dining banned
November 26, 2020 by Nicole Thompson and Paola Loriggio - THE CANADIAN PRESSTORONTO – Ontario is set to cap the fees third-party delivery apps impose on restaurants in regions where indoor dining is prohibited, in a bid to protect what profits restaurants can still make during the COVID-19 pandemic. The Progressive Conservative…
IBAO’s stance on electronic termination of coverage
November 24, 2020 by Greg MeckbachInsurers should be allowed to terminate auto policies electronically if consumers consent, the Insurance Brokers Association of Ontario’s CEO says. In its budget document released Nov. 5, the Ontario government said the next phase of its previously-announced “blueprint” for auto…
Loblaw to test autonomous delivery vehicles in Greater Toronto Area in January
November 23, 2020 by The Canadian PressTORONTO – Loblaw Companies Ltd. has signed a partnership deal with technology company Gatik to test autonomous delivery vehicles in Toronto starting in January. Under the multi-year agreement, Gatik will transport goods from an automated picking facility to retail locations…