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How much Ontario auto insurer might pay if it loses privacy class-action lawsuit

May 16, 2018 by Greg Meckbach

If Canada’s Federal Court were to rule against an Ontario auto insurer sued over allegedly obtaining credit scores of auto accident benefits claimants, the insurer might have to pay up to $10,000 a claimant. A class-action lawsuit was filed April…

News InsuranceLegal

Auto insurer faces lawsuit over credit scores in accident benefits claims

May 16, 2018 by Greg Meckbach

A major Ontario auto insurer is facing a lawsuit over allegedly using credit scores in adjusting accident benefits claims. The proposed class-action lawsuit, filed April 10 in Federal Court, is on behalf of all Canadians who made auto claims with…

News InsuranceMarkets / CoveragesTechnology

New index measures quarterly premium rate trends in Canadian personal lines

May 16, 2018 by Jason Contant

Applied Systems has released its Applied Rating Index, measuring the quarterly premium rate trends being experienced by consumers, brokerages and insurers across the Canadian market. Stephane Lacasse, vice president of product management for Canada and rating products with Applied, told…

News ClaimsInsurance

Province offers compensation for flood-damaged cottages

May 16, 2018 by The Canadian Press

FREDERICTON – The New Brunswick government will compensate cottage owners whose properties were damaged by record-breaking flooding, while also requiring residents to develop plans to mitigate against future floods. Environment and Local Government Minister Andrew Harvey announced the special, one-time…

News Insurance

Paid Are you ensuring your client’s trip doesn’t leave a bad taste?

May 16, 2018 by Allianz Global Assistance

Part of travelling is trying everything! New food, new experiences. But when those experiences result in the unexpected, that’s when travel insurance becomes a universal need. Here are two reasons why you should recommend travel insurance to your customers: Should…

News ClaimsInsuranceMarkets / Coverages

90% of drivers in this province think that insurance companies are “profitable”

May 15, 2018 by Jason Contant

Nine out of 10 drivers in Newfoundland and Labrador believe insurance companies operating in the province are profitable, according to a new poll commissioned by Aviva Canada. “I cannot speculate about why people seem to believe this, but I can…

News Legislation / Regulation

Political deadlock ties up train safety measures

May 15, 2018 by Greg Meckbach

A controversial proposal touted as a way to help railways manage risk has put the Canada’s transport minister at odds with the Senate. If passed into law, Bill C-49 would make voice and video recorders mandatory in locomotives in Canada.…

News InsuranceProfessional Development

Skip the industry cocktail mixers. Here’s a better way to network.

May 15, 2018 by David Gambrill

Tired of attending yet another insurance industry cocktail event, idly stirring your drink with a swizzle stick and talking to everyone you already know? Go ahead and skip that schmooze-fest. There’s a better way to meet new people. High-stakes shared…

News InsuranceTechnology

Why risk managers should check the social media profiles of their company accountants

May 15, 2018 by Greg Meckbach

Risk managers for companies transferring money outside of Canada might want to check the social media profiles of workers in their accounting departments. Criminals sometimes research the social media profiles of workers at financial institutions and people who have authority…

News BrokersInsuranceMergers and Aqcuisitions

Behind this brokerage’s plan to build a “best-in-class” employee benefits platform

May 15, 2018 by Jason Contant

Hub International’s recent acquisition of a brokerage in Quebec is part of its plan to built a “best-in-class” employee benefits platform for Canada, a spokesperson for the Chicago-based global brokerage told Canadian Underwriter Monday. On May 7, Hub International acquired…

News InsuranceMarkets / Coverages

Ontario police sound alarm over impending pot legalization

May 15, 2018 by Nicole Thompson - THE CANADIAN PRESS

TORONTO – Ontario’s chiefs of police are again sounding alarm bells about the impending legalization of recreational cannabis, saying federal funding for police operations may not go far enough to cover increased costs. At a news conference held by the…

News InsuranceMarkets / Coverages

Drivers say auto insurance in this province is “financially difficult” to afford: poll

May 14, 2018 by Jason Contant

Nearly two-thirds of polled drivers in Newfoundland and Labrador have said that auto insurance has become “financially difficult” to pay for, according to a new poll commissioned by Aviva Canada. “The system is broken and insurers, government and other stakeholders…