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What else needs to be paired with the new traffic enforcement plan?

November 18, 2019 by Adam Malik

Toronto’s top cop has admitted that having fewer traffic officers has led to an increase in collisions and deaths on city streets. Insurance industry data backs that up, and Insurance Bureau of Canada (IBC) hopes a concerted effort that includes…

News CatastrophesClaimsClaims Canada

Thousands displaced by this apartment fire won’t go home this year

November 18, 2019 by Greg Meckbach

More than 1,000 residents displaced by a major electrical fire in 2018 will not be moving back into their apartment building this year. A fire broke out Aug. 21, 2018 in the electrical room of 650 Parliament Street, a high-rise…

News ClaimsClaims CanadaEngineering

Who’s liable for what in this $2.2-million fuel oil spill

November 18, 2019 by Greg Meckbach

Another chapter in the sad story of a $2.2-million residential heating fuel oil spill, into a fresh-water lake, has been closed. The Supreme Court of Canada announced this past Thursday it will not hear an appeal from Thompson Fuels of…

News InsuranceRiskTechnology

The many roads to successful IFRS 17 implementation

November 18, 2019 by Jason Contant

When trying to implement an IFRS 17 solution in your insurance company, should you start fresh with a new solution, integrate into your existing systems, enlist the aid of a third-party provider or some or all of the above? The…

News Risk

Family sues Quebec airline over alleged negligence

November 18, 2019 by Holly McKenzie-Sutter - THE CANADIAN PRESS

ST. JOHN’S, N.L. – The family of a fishing guide who died in a Labrador floatplane crash this summer is suing the Quebec airline for damages, alleging negligence and breach of contractual duties. Seven men, including the pilot, were on…

News Insurance

Paid Climate Change: It’s Risky Business

November 18, 2019 by Trisura

As we all know, climate change is one of the most prominent topics in the news – so much so that it is being touted as a major deciding factor for Canadian politicians in the upcoming federal election. But, what…

News Insurance

Is there room for a ‘jack-of-all-trades’ insurance professional anymore?

November 16, 2019 by Adam Malik

It doesn’t matter if you’re a broker, adjuster or underwriter, specialization will be essential for anyone working in the insurance industry going forward, says one industry expert. With the growth of the shared and gig economies, new challenges are emerging…

News AdjustersClaimsClaims CanadaLegal

Insurers’ medical examiner gets his day at Supreme Court of Canada

November 16, 2019 by Greg Meckbach

The Supreme Court of Canada is considering whether or not to send an insurance medical examiner’s libel case to trial, based on comments made by a personal injury lawyer about the examiner’s work in a closed forum that got leaked…

News Commercial LinesInsurance

Commercial lines that will see the greatest rate increases in 2020

November 16, 2019 by Jason Contant

Commercial property, umbrella, and public company directors and officers (D&O) lines are expected to see the most widespread rate hikes of 20% and higher, in addition to capacity withdrawals, according to Willis Towers Watson’s Insurance Marketplace Realities 2020 report. The…

News InsuranceRisk

The moral of the Don Cherry story for risk managers

November 16, 2019 by Adam Malik

Don Cherry crossed a line, and it should have been no surprise to his employer’s risk managers that he made offending comments, says one risk management analyst. It all points to the need for employers to keep tabs on controversial…

News Technology

Government computers slowly returning to normal after ransomware attack

November 15, 2019 by The Canadian Press

IQALUIT, Nunavut – The Nunavut government is slowly returning to normal nearly two weeks after its computer systems were paralyzed by a cyber attack. Dean Wells, the territory’s chief information officer, says departments are beginning to come back online. Government…

News ClaimsClaims CanadaInsurance

Why you might be having a hard time finding coverage in liability lines

November 14, 2019 by Greg Meckbach

Liability loss inflation may be a new topic of discussion for securities analysts who watch the property and casualty sector, but for Canada’s largest insurer, it’s nothing particularly novel. “There is inflation,” Charles Brindamour, CEO of Intact Financial Corp., observed…