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17% of secondary rental suites in Ontario, Alberta and B.C. considered illegal: Square One Insurance survey

August 3, 2017 by Canadian Underwriter

Seventeen per cent of rental suites in detached houses in Ontario, Alberta and British Columbia are considered illegal, a new survey from Vancouver-based Square One Insurance Services Inc. has found. The study involved a survey of more than 5,500 homeowners

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Artificial intelligence saw record high investments in Canada in past five years: report

July 26, 2017 by Canadian Underwriter

Artificial Intelligence (AI) attracted US$162 million in investments across 12 deals in the first half of 2017, the highest amount of funding in Canada in the past five years, according to the quarterly MoneyTree Canada Report from PwC Canada and

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Changing climate patterns, nat cats affecting electrical grid, Swiss Re and Johns Hopkins study finds

July 25, 2017 by Canadian Underwriter

Changing climate patterns are putting additional strain on both power generation and transmission, and presenting another risk factor for natural disaster mitigation and recovery in North America’s Pacific Northwest region, suggests a new study from Swiss Re and the Johns

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

State of emergency continues as wildfires affect interior B.C.

July 13, 2017 by Canadian Underwriter

Mining and wood products are among the industries affected by wildfires in British Columbia’s interior, where a state of emergency is in place. Imperial Metals Corp. announced Wednesday that an open pit copper/gold mine 56 kilometres northeast of Williams Lake

News InsuranceLegalMergers and AqcuisitionsProductsTechnology

Vancouver mobile app development company launches pilot program to protect Canadians from distracted driving

July 12, 2017 by Canadian Underwriter

eBrake Technologies Inc., a mobile app development company founded in Vancouver in June 2016, announced on Wednesday a pilot program that will offer a smartphone app designed to prevent distracted driving. The pilot program will offer smartphone app eBrake to

News InsuranceLegalMarkets / Coverages

SGI pursues legal action against two liquor establishments following four impaired driving deaths

July 6, 2017 by Canadian Underwriter

Saskatchewan Government Insurance (SGI) announced on Thursday that it has pursued legal action for the first time against two liquor establishments in connection with an impaired driving case that claimed a family of four in January 2016. SGI said in

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

CEP Forensic and Sintra Engineering merge to create “Canada’s largest forensic engineering firm”

July 4, 2017 by Canadian Underwriter

CEP Forensic Inc. and Sintra Engineering Inc., eastern and western Canadian forensic engineering providers, have announced a merger to create what they are calling the country’s largest forensic engineering firm. The newly created entity, CEP-Sintra, will have close to one

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Gore Mutual Insurance Company to acquire Howard Noble Insurance Limited

June 29, 2017 by Canadian Underwriter

Gore Mutual Insurance Company announced on Wednesday that is has agreed to acquire Howard Noble Insurance Limited, a regional broker in Georgian Bay and Simcoe County in Ontario. Gore Mutual CEO Heidi Sevcik noted in a press release that Noble

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Investment income doubles for Canadian P&C industry: MSA

June 27, 2017 by Canadian Underwriter

The Canadian property and casualty insurance industry had essentially no underwriting income during the first three months of the year but Q1 net investment income more than doubled year over year, figures from a report from MSA Research Inc. suggest.

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProductsTechnology

Gore Mutual launches cyber and data breach product for Canadian small businesses

June 9, 2017 by Canadian Underwriter

Gore Mutual Insurance Company has announced a cyber and data response product for Canadian small businesses as well as a partnership with a global home automation company to provide flood sensors to select commercial and personal customers. Gore Mutual announced

News InsuranceLegalLegislation / RegulationMergers and AqcuisitionsTechnology

Oral fluid drug screening devices can be “successfully used in Canada,” Public Safety Canada reports

June 7, 2017 by Canadian Underwriter

Results from the federal government’s oral fluid drug screening device pilot project suggest the devices can be “successfully used in Canada” to identify drivers who test positive for certain drugs in various conditions, Public Safety Canada (PSC) reported on Tuesday.

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Opposition MPs concerned about lack of a ‘ready, usable, reliable roadside screening device’ for marijuana impairment

May 30, 2017 by Canadian Underwriter

Opposition MPs spoke Monday in favour of a bill that would raise the maximum sentence for impaired driving causing death and let Canadian police test any legally-stopped driver for alcohol impairment but expressed strong concerns about the ruling Liberals’ plan