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Court finds corporate director personally liable for worker’s comp injury claim

November 5, 2019 by David Gambrill

A corporate director can be held personally liable for injuries that happen to employees in a workplace while the director is simultaneously engaged in the work “as part of the business of the corporation,” the Court of Appeal of Alberta…

News ClaimsInsuranceLegislation / Regulation

How this statutory benefits ruling hinged on the word “the”

November 5, 2019 by Jason Contant

Saskatchewan’s highest court has ruled in favour of the province’s government auto insurer in a case involving statutory death benefits paid collectively to three dependant children. The Court of Appeal for Saskatchewan’s ruling in Johnson v Saskatchewan Government Insurance, released…

News ClaimsInsurance

Power outage restoration enters “most difficult phase”: Hydro Quebec

November 5, 2019 by The Canadian Press

MONTREAL – Hydro-Quebec says it is aiming to have all of the roughly 40,000 customers still without power Monday afternoon reconnected to the grid by Tuesday. The 1,400 employees working to restore power across the province following Friday’s windstorm have…

News BrokersInsuranceMergers and Aqcuisitions

BrokerLink acquires another Ontario brokerage

November 4, 2019 by Greg Meckbach

BrokerLink has acquired Newmarket, Ont.-based Buckley Insurance Brokers Ltd., which places home, auto and commercial insurance. Buckley notified its customers Friday by email that it is now part of BrokerLink, which is owned by Intact Financial Corp., owner of Canada’s…

News InsuranceMergers and Aqcuisitions

Who bought who this past week in the Canadian P&C space?

November 4, 2019 by Jason Contant

Global insurance brokerage Hub International Limited has bought another Canadian firm as part of its ongoing strategy to expand its employee benefits and pension solutions. Hub announced Monday it had acquired R Bruce Inc., doing business as RBI Advisory Group.…

News Claims CanadaEngineeringInsurance

Why this commercial food spoilage claim from ice storm was denied

November 4, 2019 by Greg Meckbach

If your client has coverage for business interruption and spoiled perishable food inventory, does that still kick in if the loss was caused by damage to power transmission lines off the client’s property? For a Toronto bakery, the answer is…

News Insurance

Firming market ‘might have legs,’ Fairfax executive predicts

November 4, 2019 by Greg Meckbach

Insurance premiums are up nearly 14% for carriers owned by Fairfax Financial, and much of that is due to price increases, the holdings company’s president suggests. “In my career here – 16 years – I haven’t seen anything quite like…

News InsuranceMarkets / Coverages

Government services affected by weekend ransomware attack

November 4, 2019 by The Canadian Press

IQALUIT, Nunavut – Crucial Nunavut government services from health to justice were still impaired Monday after a weekend cyberattack locked out civil servants from access to electronic information. “We are working non-stop to resolve this issue,” said Premier Joe Savikataaq…

News InsuranceMarkets / Coverages

Insurers reveal a popular attack of choice for cyber-criminals

November 1, 2019 by Jason Contant

Another insurer is reporting a rise in ransomware attacks. Specialist insurer Beazley said Thursday that the targeting of IT vendors by cyber criminals contributed to a 37% increase in reported ransomware incidents in the third quarter of 2019 compared to…

News BrokersInsurance

How to advise your clients on reducing flood risk

November 1, 2019 by Adam Malik

Helping homeowners assess flood risk is great way for brokers to increase the value they provide clients –  and it’s easy for them to do so, a climate expert says. All it takes is walking the client through potential hotspots,…

News InsuranceTechnology

Data exchange: does it make sense for the insurer to compete with the mail service?

November 1, 2019 by Greg Meckbach

Imagine if each insurance company set up its own courier service to compete with Canada Post, instead of having a common carrier for the industry. Joseph Carnevale conjures up this scenario to illustrate why it’s a bad idea for every…

News Insurance

What carrier CEOs said when asked if MGAs should be regulated

November 1, 2019 by David Gambrill

Managing General Agencies (MGAs) in Canada have been attracting attention in the industry recently, and not just because of their hybrid status as both distributors and underwriters of insurance products. Their regulatory status in Canada is nebulous, and some are…