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Top court sides with insurer in unidentified vehicle coverage dispute

March 14, 2019 by Greg Meckbach

A Supreme Court of Canada decision released today means Wawanesa Mutual Insurance Company does not have to cover a claimant who says he drove off the road to avoid an oncoming vehicle. Andrew Funk was injured after he drove his…

News ClaimsInsuranceLegislation / Regulation

How recreational cannabis has created numerous challenges for insurers

March 14, 2019 by Greg Meckbach

Cannabis legalization is making things more complex for auto insurers and increasing risk for some commercial property clients, A.M. Best Company Inc. suggests in a recent report. About 25 insurers, most of whom are non-admitted, provide coverage for cannabis risks…

News Legal

Quebec reaches deal to compensate motorists trapped on highway after 2017 storm

March 14, 2019 by THE CANADIAN PRESS

MONTREAL – The Quebec government has agreed to compensate motorists who were trapped for hours on a major Montreal highway in March 2017 following a massive snowstorm. Lawyers representing plaintiffs in a class action lawsuit said today they reached an…

News BrokersInsurancePodcast

Cannabis: Top 3 insurable risks — Part 2 of 2 [podcast]

March 14, 2019 by Canadian Underwriter

You have a potential new client base — cannabis-producing operations. Fresh after the legalization of marijuana in Canada, these new businesses cultivate, produce, pack, and then transport the cannabis product to the customer or retailer. What specific insurance needs do…

News InsuranceTechnology

What insurtechs can learn from hackathons

March 13, 2019 by Greg Meckbach

Editor’s Note: This article has been updated. A previous version incorrectly stated that duuo was launched at Slice Labs’ launch studio in Toronto. CU apologizes for the error. If you want to develop a new digital insurance product, it shouldn’t…

News InsuranceRisk

How your client can save money by detecting plumbing problems

March 13, 2019 by Greg Meckbach

Canadian property clients could soon get an insurance discount by installing products from water flow sensing vendor Triple Plus Ltd. Triple Plus recently announced a pilot project in which American clients of Berkshire Hathaway GUARD can get lower property insurance…

News BrokersInsurance

Renowned independent broker returns to the big stage with a new brokerage

March 13, 2019 by David Gambrill

A big name in Manitoba’s independent brokerage community, Peter Leipsic, is making a return to the scene as a senior partner at a new brokerage called Dimensions Insurance Management Inc. He was executive vice president at Horizon Insurance (the province’s…

News Insurance

This global reinsurer is applying for a Canadian branch office

March 13, 2019 by David Gambrill

Validus Reinsurance Ltd., a Bermuda-based reinsurer acquired by AIG last year for $5.5 billion, is looking to establish a Canadian branch office. Validus intends to file an application with the Office of the Superintendent of Financial Institutions (OSFI) on or…

News Legal

Four years in jail for driver who was texting before fatal crash

March 13, 2019 by Stephanie Marin - THE CANADIAN PRESS

MONTREAL – A Quebec man convicted of killing another driver and injuring two teenagers while texting at the wheel has been sentenced to four years in prison. Martin Carrieres, 39, had exchanged more than 30 text messages while driving on…

News Restoration

How air conditioner installer got dragged into basement flood

March 12, 2019 by Greg Meckbach

Moisture that an air conditioner collects could damage your client’s home if it doesn’t drain properly, but the client cannot necessarily blame the air conditioner installer for a flood. Basement flood victim Samuel Sieb took Gandy Installations Ltd. to British…

News BrokersMergers and Aqcuisitions

The strategy behind BrokerLink’s latest acquisitions

March 12, 2019 by Greg Meckbach

If you run a brokerage in Ontario, Alberta or Atlantic Canada and there is no BrokerLink in your town, there soon could be. Intact Financial Corp.’s BrokerLink unit has closed seven brokerage acquisitions since Jan. 1, said Paul Meyer, BrokerLink’s…

News ClaimsInsuranceLegal

Recurring back pain and auto liability: how this court applied the two-year limit

March 12, 2019 by David Gambrill

If an injured cyclist in an auto liability action declares feeling better after treatment, takes a year off work, and then feels debilitating back pain after returning to work three years after the accident, does the two-year statute of limitations…