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Purchasing cannabis with a credit card News Insurance

Pot shop sales data was ‘misappropriated,’ Ontario cannabis distributor says

May 11, 2022 by Tara Deschamps - THE CANADIAN PRESS

TORONTO – The Ontario Cannabis Store says a data breach involving some of its sales information is being investigated by the Ontario Provincial Police. Daffyd Roderick, a spokesperson for the Crown agency responsible for distributing cannabis from producers to pot…

Paul Johnstone has been named president of Chubb's Canadian operations News Insurance

Chubb Canada names new president

May 10, 2022 by Jason Contant

Paul Johnstone has been named president of Canadian operations for Chubb, the P&C insurer announced Friday. Johnstone will assume the role of country president of the company’s business operations in Canada on July 1, subject to regulatory approvals. He will…

Peoples raised fist air fighting and sunlight effect, Competition, teamwork concept. News BrokersInsuranceRisk

Ownership critical to independence: broker exec

May 10, 2022 by Gloria Cilliers

Brokers are justified in thinking independence is shrinking due to increased consolidation in the P&C industry, according to Lorie Phair, president of the Canadian Broker Network (CBN), Canada’s largest network of independent brokers. To think ownership does not influence a…

Ontario NDP Leader Andrea Horwath speaks to the media before visiting communities across the GTA, as part of the 2022 Ontario election campaign trail, at Queen's Park in Toronto, on Wednesday, May 4, 2022. THE CANADIAN PRESS/ Tijana Martin News InsuranceLegislation / RegulationMarkets / Coverages

Ontario Election: NDP plans to ban postal code rating for auto insurance

May 10, 2022 by Alyssa DiSabatino

Editor’s Note: The Conservative government outlined its plans for insurance in their budget document, released before the Ontario election, which will take place June 2. Canadian Underwriter is asking Ontario’s political parties for their platforms on insurance. We are printing…

A barren farm field News Insurance

The window of opportunity to address increasing drought and expanding drylands is vanishing

May 10, 2022 by The Canadian Press

By Margot Hurlbert, Canada Research Chair, Climate Change, Energy and Sustainability, University of Regina – THE CONVERSATION This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information…

A container ship passes beneath a suspension bridge as it departs for Europe. News InsuranceMarkets / CoveragesRisk

Could the P&C industry have anticipated current supply chain issues?

May 9, 2022 by Alyssa DiSabatino

Pandemic-related supply chain interruptions have been contributing factors to rising commercial client exposures, and this outcome could have been anticipated, say panellists in a Canadian Underwriter webinar. “When you think about firms who have offshored, whether it be processing, or…

Bathroom renvoations News Insurance

The ‘overlooked’ risk for Canadian homeowners and renters

May 9, 2022 by Jason Contant

Unintentional damage during renovations — especially water damage — continues to be an overlooked risk for Canadian homeowners and renters, according to a recent study from Chubb. The Chubb 2021 Homeowners Risk Report: Trends in Home Renovations and Water Damage…

Insurance claim expert at work. News AdjustersClaimsClaims CanadaInsuranceLegislation / Regulation

Unlicensed adjuster doesn’t fit the ‘expert’ exemption: Regulator

May 9, 2022 by David Gambrill

Manitoba’s insurance regulator fined a former adjuster $500 and ordered him to pay partial investigation costs of $2,500 for acting as an adjustor without a licence and not, as the former adjuster claimed, as an ‘insurance expert’ helping claimants. Kenneth…

Flooding in Peguis First Nation in Manitoba News Insurance

Manitoba government announces disaster aid relief as flood worries continue

May 9, 2022 by The Canadian Press

WINNIPEG – The Manitoba government is offering financial aid for flood victims as wet weather threatens to raise rivers again. Infrastructure Minister Doyle Piwniuk says the province will activate a disaster financial assistance program that he expects will give out…

Interviewer asking questions News AdjustersClaimsClaims CanadaInsuranceLegal

Don’t investigate fraud suspicions indefinitely, court tells insurer

May 6, 2022 by David Gambrill

If an insurer suspects fraud in a house fire contents claim, it might be better to deny the claim within 60 days, alleging fraud, rather than to prolong the claims investigation indefinitely while asking for documentation from the insured that…

Gavel representing court decision. News AdjustersBrokersClaimsClaims CanadaCommercial LinesConstructionInsuranceLegalRestoration

3 lessons about brokers’ obligations to insureds

May 6, 2022 by Harmon C. Hayden

A broker has an obligation to help clients understand policy specifics and avoid coverage gaps, and it’s not necessarily going to save them if the client hasn’t reviewed the policy, the British Columbia Court of Appeal found recently in Alvaro…

Male hand pushing the enter button on a laptop keyboard. Hand is out of focus News BrokersCommercial LinesInsuranceMergers and AqcuisitionsTechnology

Legacy systems create IT talent crunch for the industry

May 6, 2022 by Alyssa DiSabatino

The industry’s heavy reliance on outdated legacy systems may be holding it back from modernizing, panellists note during a Canadian Underwriter webinar — and this could be a problem for attracting IT talent.  “Legacy platforms are a big challenge for…