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News Restoration

How this property restoration firm got in and out of trouble

May 17, 2019 by Greg Meckbach

A restoration contractor whose employee drove a company vehicle with a suspended licence is getting its truck back from police impoundment. A man identified as “C.S.” was pulled over in Barrie late Friday evening March 15 while driving a  2017…

News InsurancePaid

Paid IoT Solutions and Claims Reductions

May 17, 2019 by Eddy Solutions

At just after 10 am on an average Thursday morning, a 20-floor apartment building in downtown Toronto experienced a leak in their riser stack between the 5th and 6th floor. The leak was detected by an IoT sensor system, which…

News Insurance

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

May 17, 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…

News Risk

How career prospects are looking in risk management

May 16, 2019 by Greg Meckbach

Are you one of those brokers who’s thinking of changing jobs so that you’re buying commercial insurance instead of selling it? “There is a shortage of supply [of risk managers], so if anybody is looking for a fast way to…

News InsuranceLegal

How Intact lost this battle over vehicle storage fees

May 16, 2019 by Greg Meckbach

Canada’s largest P&C insurer has suffered a setback in its quest to minimize vehicle storage fees. A recent Ontario court ruling means that, for the time being, Intact Insurance has to pay J.P. Towing Service & Storage Limited storage fees…

News InsuranceProductsTechnology

Allstate Canada debuts telematics app

May 16, 2019 by Jason Contant

Allstate Insurance Company of Canada has joined the ranks of insurers providing telematics apps. Allstate Canada said Monday it has debuted a “personalized app for the modern driver” as National Road Safety Week (May 14-20) kicks off in Canada. Several other…

News InsuranceLegislation / Regulation

Making auto reform happen

May 16, 2019 by Adam Malik

Insurance reform is long overdue, says the head of a medical evaluation company. Don Kunkel, president of Ontario-based AssessMed, which operates in eight provinces, says previous efforts to reform auto insurance have produced results that have been less than desired.…

News CatastrophesClaims CanadaClimate ChangeLegislation / Regulation

Provinces asking feds for $138 million to help buy out flooded properties

May 16, 2019 by Jordan Press - THE CANADIAN PRESS

OTTAWA – Flood-ravaged provinces are asking the federal government to provide almost $138 million to move or buy out homeowners affected by previous years’ inundations, according to new data that gives a glimpse into the national costs of helping residents…

News Insurance

What insurance companies can do to help police

May 15, 2019 by Adam Malik

Ottawa police laid more charges related to a busted a car theft ring that saw 50 vehicles stolen and totalled $2.5 million in value. It’s a case in which the Insurance Bureau of Canada (IBC) played a key role in…

News RiskTechnology

When cyber breaches can kill

May 15, 2019 by Greg Meckbach

Your client’s property and life are getting increasingly exposed to cyber attacks because just about everything today has computing power, an information security expert warns. “It used to be what with computer security, we were worried about computers, desktops and…

News Commercial LinesLegislation / Regulation

Why liability and reputational risk is changing

May 15, 2019 by Greg Meckbach

Technology is making it easier for consumers and businesses to move money, but it can also create new liability risks, fraud experts warned Tuesday. “Financial institutions really have to think about their position on liability,” said Jas Anand, senior manager…

News BrokersInsuranceMergers and Aqcuisitions

BFL Canada acquires B.C. brokerage

May 15, 2019 by Jason Contant

Large commercial brokerage BFL Canada announced Tuesday the acquisition of British Columbia-based Summit Insurance Brokers Inc. Summit, based in Prince George, was founded in the late 1990s and brings expertise in industrial, commercial and farm risks to BFL Canada. Summit…