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News ConstructionInsuranceMarkets / Coverages

Paid Steering the Course: Course of Construction (COC) Insurance Options

June 19, 2018 by Neil Jeanson, Senior Class Underwriter, XL Catlin

All it takes is a spark.  From a sander. Or errant cigarette.  And POW!  Igniting common, flammable construction materials like wood, solvents, packaging, and gasoline and turning a work in progress to a pile of ash.  It’s a powerful blow…

News BrokersInsuranceTechnology

Why this broker takes exception to usage-based auto insurance app

June 19, 2018 by Greg Meckbach

Usage-based insurance has raised the profile of insurers on consumers’ electronic devices, and this could be bad news for some brokers. Several auto insurers are using UBI to offer discounts based on data gather from telematics. That technology lets insurers…

News ClaimsLegal

Oil sands firm could get green light for random drug and alcohol testing

June 19, 2018 by Greg Meckbach

A recent Supreme Court of Canada ruling opens the door to random drug and alcohol testing of Alberta oil sands workers operating heavy equipment. The outcome will no doubt affect some risk managers because employers can be held responsible for…

News CatastrophesClaimsMarkets / Coverages

How training plays into claims adjusting during back-to-back cats

June 19, 2018 by Jason Contant

When Canada experiences back-to-back catastrophes, it can be a challenge to pull together all the required resources in a timely fashion. Part of the puzzle is ensuring that claims adjusters and other parties are properly trained for the files they…

News AssociationsInsuranceLegislation / RegulationMarkets / CoveragesTechnology

Is the slow pace of regulatory change putting the industry at risk?

June 19, 2018 by Jason Contant

The insurance industry is at risk if regulators don’t recognize that consumer expectations are changing and allow consumers the choice of receiving their policy documents electronically, the president and chief executive officer of the Centre for Study of Insurance Operations…

News InsuranceTechnology

Get ready for the ‘internet of cows’: Farmers use technology to shake up agriculture

June 19, 2018 by Ross Marowits - THE CANADIAN PRESS

MONTREAL – Get ready for the “internet of cows.” Generations of farmers have relied on knowledge and family expertise to grow food, but the sector is set for a surge of disruption at the hands of made-in-Canada artificial intelligence-powered systems.…

News InsuranceProfessional Development

Chris Giffin sells interest in 30 Forensic Engineering, stepping down as CEO

June 18, 2018 by Jason Contant

30 Forensic Engineering’s senior leadership team has acquired the firm, the company formerly known as Giffin Koerth announced Monday. As part of the “evolution and growth strategy of the organization,” founding partner Chris Giffin has agreed to sell his interest in…

News CatastrophesClaims

One risk to your client if the neighbouring property is abandoned

June 18, 2018 by Greg Meckbach

Lindsay Bunce got a nasty shock one colder winter day when she and her husband went down to the basement of their Toronto home. “We were surprised to find about two inches of water across our basement and water coming…

News InsuranceLegislation / RegulationReinsurance

The downside of being an insurtech trailblazer

June 18, 2018 by Greg Meckbach

The spectre of a Netflix-esque disruption of the property and casualty insurance sector is producing mixed reaction among Canadian executives. The Canadian P&C sector “may be” disrupted in a manner similar to how Netflix disrupted the movie rental industry or…

News AssociationsBrokersInsuranceMarkets / Coverages

Quebec places number on brokerage distribution agreements with insurers

June 18, 2018 by Jason Contant

The Quebec National Assembly has adopted Bill 141, which will require brokerages in the province to have at least three distribution agreements in place for personal lines with insurers “that are not in the same financial group.” Hypothetically, brokerages could…

News ClaimsMarkets / Coverages

Cause of $25 million fire remains under investigation

June 18, 2018 by The Canadian Press

BRANDON, Man. – A massive blaze that burned through historic buildings in downtown Brandon last month caused about $25 million in damages and police now say it may have been started by people. Fire crews were called to the Christie’s…

News AppointmentsInsuranceLegislation / Regulation

Brian Reeve elected to board of auto insurer

June 15, 2018 by Greg Meckbach

Insurance regulation expert Brian Reeve was elected this week to the board of directors of Echelon Financial Holdings Inc., a property and casualty insurer spun off in 2005 from subsidiaries of The Co-operators Group Ltd. Reeve is partner and chair…