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Why the Supreme Court of Canada validated this limitation-of-liability clause

October 15, 2021 by Greg Meckbach

A software consulting firm that was sued in Quebec for $6.25 million can rely on a limitation of liability clause in its consulting and integration contract, the Supreme Court of Canada ruled in a decision released Friday. In 6362222 Canada

News Insurance

Canada leads world with pledge to curb methane leaks from oil and gas sector

October 15, 2021 Mia Rabson - THE CANADIAN PRESS

OTTAWA – Canada is nearly doubling its target to cut methane emissions from the oil and gas sector as it prepares to sign a new global pledge at next month’s climate talks in Scotland. The colourless and odourless gas amounts

News Insurance

Why private equity firms should partner with just one insurer

October 14, 2021 by Jason Contant

Private equity firms should consider partnering with one carrier who is able to handle multiple lines of insurance for both the private equity firm and its portfolio companies, a mutual insurer told Canadian Underwriter. “We’ve seen benefits of having the

handshakes
News Insurance

What brokers should know about the hardening D&O market

October 14, 2021 Canadian Underwriter Staff

As premiums continue rising and capacity keeps tightening, brokers placing directors and officers (D&O) liability insurance are grappling with an unpredictable market. “The last time we saw a hardening D&O market was during the financial crisis in the late 2000s.

insPRESS Insurance

APOLLO Insurance Partners With Finaeo Inc. to Empower Brokers and Consumers With Digital Products

October 14, 2021 APOLLO Insurance

VANCOUVER, BC, OCTOBER 14, 2021/insPRESS/ – APOLLO Insurance, Canada’s leading online insurance provider, has partnered with Finaeo Inc., Canada’s largest broker-focused life insurance marketplace, to offer insurance brokers and their clients across Canada access to their mutual suites of products. 

BC Place
News Insurance

Montreal-made website uses AI to show impacts of climate change on any address

October 14, 2021 Tara Deschamps - THE CANADIAN PRESS

TORONTO – Imagine Parliament Hill blanketed in orange skies, floodwaters climbing the sides of BC Place stadium or a thick layer of smog fogging the view of Halifax from Citadel Hill. These are all scenes depicted on a website published

News Insurance

As cyber attacks increase, insurers in the space face rising losses

October 13, 2021 James Langton - Advisor's Edge

Amid rising losses and increasing claims on cyber insurance, companies that provide insurance against online hackers are facing growing risks, says Fitch Ratings. In a new report, the rating agency said that while cyber insurance has been a profitable line

Fitness Instructor Guiding Young Woman When She Exercises stock photo
News Insurance

Insuring a personal trainer depends on their employment status

October 13, 2021 Brooke Smith

A large part of a personal trainer’s job is making sure clients do their exercises safely. But personal trainers also need to protect themselves — using insurance. Each year, there are roughly 460,000 reported fitness injuries, according to the U.S.

News Insurance

The shifting trends in cargo theft

October 13, 2021 by Jason Contant

The COVID-19 pandemic has affected a number of P&C insurance industry segments from auto to business interruption, and cargo theft is no exception. Large events such as the pandemic will result in shifts to the methods and types of goods

News ClaimsClaims CanadaInsuranceLegal

Ontario auto claimants seek leave to appeal HST dispute to Supreme Court

October 13, 2021 by Greg Meckbach

A dispute over the handling of sales tax in Ontario auto accident benefits claims could reach the Supreme Court of Canada. In 2018, several auto clients filed lawsuits in Ontario against accident benefits insurers. Plaintiffs allege those carriers either included

News Insurance

Peatlands protect against wildfire and flooding, but they’re still under attack in Canada

October 13, 2021 The Canadian Press

By Edward Struzik, Fellow, Queen’s Institute for Energy and Environmental Policy, School of Policy Studies, Queen’s University, Ontario. This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure

insPRESS Insurance

Accident Support Services Ltd., Officially Opens in Peel!

October 13, 2021 Accident Support Services

TORONTO, ON, OCTOBER 13, 2021/insPRESS/ – Accident Support Services International Ltd. (ASSI) and Peel Regional Police Services are set to cut the ribbon for the implementation of three Collision Reporting Centres (CRCs) Wednesday, October 13th at 11am at Police Headquarters.