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News InsuranceLegislation / Regulation

How expert witness restrictions impact insurers

February 15, 2019 by Greg Meckbach

Insurance Corporation of British Columbia will save millions as a result of new auto injury lawsuit rules for the province, which will likely cut costs for other carriers as well, the provincial government says. ICBC, which is losing over $1…

News BrokersInsuranceMergers and Aqcuisitions

Atlantic Canada brokerage acquires family-owned operation

February 15, 2019 by Jason Contant

Archway Insurance, one of Atlantic Canada’s largest brokerages, has announced the acquisition of family brokerage George Mitchell Insurance in Liverpool, N.S. Amherst, N.S.-headquartered Archway announced the acquisition Thursday. Effective Feb. 28, 2019, Archway’s latest acquisition brings its number of locations…

News InsuranceMarkets / Coverages

Captive insurance programs target commercial auto in Canada

February 15, 2019 by Jason Contant

eCaptiv, which provides alternative and captive insurance solutions in Canada and the United States, will be forming two group captives through an exclusive group of independent insurance brokers to “combat commercial auto trends in Canada.” The programs are in the…

News Insurance

How to keep clients happy if their auto premiums skyrocket

February 15, 2019 by Greg Meckbach

A huge hike in auto rates does not mean your client has to be disgruntled. “There are things that insurers can do to soften the blow when [auto] insurance rate actions need to be taken,” Tom Super, director of the…

News ClaimsInsurance

Sinkhole prompts evacuation order for 14 B.C. homes

February 15, 2019 by THE CANADIAN PRESS

SECHELT, B.C. – Residents of an upscale neighbourhood on British Columbia’s Sunshine Coast will officially be barred from returning to their dream homes today. Sinkholes throughout the subdivision have prompted the District of Sechelt to issue evacuation orders covering 14…

News InsuranceMergers and AqcuisitionsTechnology

Opta acquires getClarity: linking property and risk data with consumer profiles

February 14, 2019 by David Gambrill

With its recent acquisition of getClarity, Opta Information Intelligence is expanding into the area of customer and prospect behaviour. Opta is Canada’s largest property data aggregator and a provider of risk intelligence and loss control services. Its solutions include iClarify…

News InsuranceRiskTechnology

How your client’s directors could be blamed for cyber losses

February 14, 2019 by Greg Meckbach

Cyber risk awareness is on the rise among corporate directors, who could face liability risk if they are accused of being lax on governance. “Corporate clients are more likely to be aware today, compared to a few years ago, of…

News CatastrophesClaims

Judge questions wildfire mitigation plan

February 14, 2019 by Sudhin Thanawala - THE ASSOCIATED PRESS

SAN FRANCISCO – A U.S. judge who has berated Pacific Gas & Electric Corp. for its role in California wildfires demanded Thursday that the utility answer more questions about its efforts to clear trees and branches that can fall on…

News InsuranceLegislation / Regulation

What could have happened to Economical if it had rejected demutualization

February 14, 2019 by Greg Meckbach

Amalgamation with another insurer and going into run-off were among the options considered by Economical Insurance directors before the Waterloo, Ont. carrier started the demutualization process in 2015. Mutual policyholders of Economical are scheduled to vote March 20 on a…

News AdjustersClaimsInsuranceLegislation / Regulation

The type of claims that may arise from legalization of cannabis edibles

February 14, 2019 by Jason Contant

With the upcoming legalization of edibles containing cannabis this October, Canadian claims adjusters may see more indirect injury loss and damage claims, suggests a lawyer with Field Law in Calgary. Compared to regular smoked marijuana, edibles have a more delayed…

News Climate Change

What the climate in these Canadian cities could be like in 2080

February 13, 2019 by Bob Weber - THE CANADIAN PRESS

Wondering what your city’s climate will be like in a few decades? Look south – about 1,000 kilometres south, says an unusual new study published Tuesday. That’s the average distance between 540 cities in the United States and Canada and…

News Insurance

Paid 3 Ways Small Businesses Can Stay Compliant Under Federal Privacy Laws

February 13, 2019 by David Smagata, DAS

How can small businesses stay compliant under PIPEDA? The Office of the Privacy Commissioner of Canada has published various online resources for both individuals and businesses to help better understand their obligations under the Personal Information Protection and Electronic Document…