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Institute launches new phase of industry-wide recruitment initiative

April 4, 2024 by David Gambrill

Supporting an industry-wide effort to bring new talent into the Canadian property and casualty industry, the Insurance Institute of Canada today introduced its ‘Accelerated Competence Series,’ a program of five new learning modules for industry hires. “The Accelerated Competence Series…

Grain silos on a soybean farm News BrokersInsuranceTechnology

How brokers can harvest insurance capacity for farmers

April 4, 2024 by Alyssa Di Sabatino

One key element of creating a farm-specific MGA was the need to introduce proprietary technologies. Brokers of late have expressed concerns about the proliferation of new portals, which many see as a burden. “The first thing is acknowledging it is…

Twenty centimetres of snow in Montreal News ClaimsClaims CanadaInsurance

Spring storm knocks out power to tens of thousands across Quebec, Ontario

April 4, 2024 by The Canadian Press

A spring storm across Quebec and Ontario on Thursday knocked out power to tens of thousands of customers, closed schools and blanketed the Montreal area with heavy, wet snow. In Quebec, more than 220,000 homes and businesses had no electricity…

Water-damaged home being dried out News AdjustersCatastrophesClaimsClaims CanadaInsuranceRestoration

What’s new in restoration and adjuster national licensing?

April 4, 2024 by Jason Contant

The trend of insurers owning restoration firms and third-party vendors may not continue, particularly since controlling costs remains a priority for carriers, sources tell Canadian Underwriter.  It also looks like a national adjusting licensing standard or cross-provincial licensing will not…

Modern Red Fire Engine Truck Isolated On White Clipping Path News ClaimsInsurance

No accident benefits for firefighter responding to deadly van attack

April 3, 2024 by David Gambrill

A firefighter suffering from post-traumatic stress disorder (PTSD) after witnessing the aftermath of a rental van attack killing 10 people in Toronto in April 2018 is not entitled to accident benefits, because he was not involved in an “accident,” an…

Semi-truck at a storage warehous News BrokersCommercial LinesInsuranceMarkets / Coverages

How insurers verify truck fleet sizes before insuring them

April 3, 2024 by Alyssa DiSabatino

Commercial truck fleets trying to get more favourable insurance rates by only reporting the trucks on the road, and not the ones on their lots, might find themselves outwitted by the industry’s scrutiny, sources tell Canadian Underwriter.  But whether due…

Lithium ion batteries in laptops, cell phones, e-scooters and other devices create fire risk at disposal sites News ClaimsInsuranceMarkets / CoveragesTechnology

How lithium-ion batteries threaten recycling facilities

April 3, 2024 by Philip Porado

Introduction of lithium-ion batteries has introduced new hazards into the everyday lives of Canadians due to their ability to catch fire spontaneously – a phenomenon known as ‘thermal runaway.’ What began as concerns about fires started by cell phone and…

Carbon tax protesters on the Trans Canada highway near Cochrane, Alta. News Commercial LinesInsurance

Police investigate multi-tractor crash as carbon-levy protests continue in Alberta

April 3, 2024 by The Canadian Press

Mounties in Alberta say they’re keeping traffic moving on the Trans-Canada Highway despite a roadside carbon-levy protest, and say five large farm tractors have already caused a multi-vehicle crash. Protesters slowed traffic on the Trans-Canada just west of Calgary on…

Managing e-documents News BrokersInsuranceTechnology

Why brokers are looking at personalized communication automation

April 2, 2024 by Jason Contant

Canadian property and casualty insurance brokerages are gravitating towards personalized communication automation (PCA), an executive at brokerage automation company Pathway tells Canadian Underwriter. Nine years ago, only about 3% of insurance brokerages had adopted PCA into their operations, says Alek…

Red sign hanging at the glass door of a shop saying: "Going out of business" News BrokersClaimsCommercial LinesInsurance

Canadian businesses are at risk of insolvency — here’s how insurance factors in

April 2, 2024 by Alyssa DiSabatino

In Canada, corporate insolvencies have noticeably increased year over year, but brokers can step in to assist their clients with cash flow management and risk mitigation solutions, one expert shares.  Insolvencies, defined as a business’s inability to abide by their…

Fencing put up during the trucker convoy protest in Ottawa, Canada News CatastrophesCommercial LinesInsuranceRisk

3 ways Canadian insurers can prepare for political risk

April 2, 2024 by David Gambrill

Canada is not immune to social divisions resulting in damage caused by political protests, and insurance companies can do three things to prepare for political risk, says a new report published by the Insurance Institute of Canada. First, insurance companies…

Quebec taxi driver protesting new government regulations. News InsuranceLegalLegislation / RegulationMarkets / Coverages

Class-action lawsuit by taxi drivers against Quebec government begins

April 2, 2024 by Jacob Serebrin – The Canadian Press

A trial opens Tuesday in a class-action lawsuit accusing the Quebec government of wiping out hundreds of millions of dollars in the value of taxi permits by allowing ride-hailing company Uber to operate and then by abolishing the permit system.…