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Alberta drafts framework to manage cannabis legalization

October 6, 2017 by Canadian Underwriter

Alberta has become the latest province to draft framework to manage cannabis legalization ahead of the federal government’s plans in July of 2018. Albertans are invited to provide feedback on the draft framework by midnight MT on Oct. 27. A

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Turo launches car-sharing marketplace in B.C., partners with car rental entrepreneurs

October 3, 2017 by Canadian Underwriter

Turo, which connects local car owners with travellers looking for adventure and in need of a vehicle, has expanded its car-sharing marketplace into British Columbia. To address provincial insurance regulations, the company has structured the expansion by partnering with local,

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belairdirect launches app to reward good drivers in Alberta and B.C.

September 27, 2017 by Canadian Underwriter

belairdirect announced on Tuesday that it is launching a new app to help reward good drivers in Alberta and British Columbia. The automerit app assesses customers’ driving skills, helping them save on their insurance premiums through a discount, while providing

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Esurance expands online auto and home insurance to Ontario

September 21, 2017 by Canadian Underwriter

Esurance has announced that it is expanding its online auto and home insurance to Ontario. Esurance – an Allstate company with homeowner and auto insurance available across Alberta, Ontario and the United States – uses “advanced technology to offer an

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Fire in Alberta’s Waterton Lakes National Park being held: Parks Canada

September 19, 2017 The Canadian Press (CPSTF)

WATERTON, Alta. – Parks Canada says the wildfire in southwestern Alberta is no longer out of control and is being held. But the agency says the Kenow fire in Waterton Lakes National Park is still active and covers an estimated

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Kenow wildfire in southwestern Alberta now covers 36,000 hectares

September 15, 2017 by Canadian Underwriter

Several evacuation orders related to the Kenow wildfire have been lifted, while others remain in effect as the fire continues burning in southwestern Alberta about two weeks after it was initially discovered. The mandatory evacuation order for Cardston County was

News InsuranceLegislation / RegulationMarkets / Coverages

Making ICBC a co-op one option for B.C., competition must be part of any option selected: taxpayers federation

August 25, 2017 by Canadian Underwriter

The British Columbia government has options at its disposal to address auto insurance problems in the province – ranging from leaving the Insurance Corporation of B.C. (ICBC) to shuttering the insurer – but all should include reintroduction of competition, concludes a new report commissioned by the Canadian Taxpayers Federation (CTF). CTF argues that “fast and furious changes” are needed in light of the “looming 30% hike to car insurance,” a figure noted in an Ernst & Young LLP (E&Y) report made public last month. Among its many observations, the…

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Wawanesa names Chris Henn as president of U.S. operations

August 24, 2017 by Canadian Underwriter

Wawanesa Mutual Insurance Company, one of the largest property and casualty insurers in Canada with a growing presence in the United States, announced on Thursday that Chris Henn has been appointed president of its U.S. operations effective Aug. 31. Prior

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Loblaw to keep operating PC Financial home & auto brokerage after ending banking relationship with CIBC

August 17, 2017 by Canadian Underwriter

PC Financial Insurance Broker Inc. – which places home and auto insurance in Ontario, Alberta and Atlantic Canada – will continue to be owned and operated by grocery and drug retailer Loblaw Companies Ltd., a PC Financial spokesperson told Canadian Underwriter Wednesday.
President’s Choice Bank, a Loblaw unit, announced Wednesday it has ended its 20-year relationship with the Canadian Imperial Bank of Commerce.
“Everyday banking products, including savings, chequing and mortgage accounts, previously offered under the President’s Choice Financial brand will continue to be provided by CIBC, under new branding…

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Many polled Canadians aren’t researching options before buying financial products: LowestRates.ca survey

August 16, 2017 by Canadian Underwriter

While Canadians may head online to compare prices on flights or when booking a hotel, most aren’t researching their options before buying financial products, according to a new survey from comparison site LowestRates.ca. The online survey, conducted last month by

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80% of polled Canadians not properly insuring belongings when moving to new homes

August 16, 2017 by Canadian Underwriter

Eight of 10 Canadians taking part in a survey from Square One Insurance Services Inc. report not properly insuring their belongings while moving to their new homes. With more than 300,000 Canadians moving to new homes in different provinces each

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Government of Newfoundland and Labrador finalizes terms of reference for auto insurance review

August 16, 2017 by Canadian Underwriter

The provincial government announced on Tuesday that it has finalized the terms of reference for the automobile insurance review for Service NL and the provincial Board of Commissioners of Public Utilities (PUB). Government has directed PUB to begin its review