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In search of cannabis product liability coverage

June 28, 2018 by Greg Meckbach

Brokers looking to place product liability policies for cannabis vendors might face an uphill battle. The cannabis industry “desperately” needs access to the same coverage that insurers already provide to non-cannabis businesses in agriculture pharmaceutical or manufacturing, said Wendy Sinclair,…

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

BFL Canada receives capital injection from Quebec pension fund manager

June 28, 2018 by David Gambrill

La Caisse de dépôt et placement du Québec (CDPQ), a Quebec pension fund manager, has acquired a 20 per cent minority interest in BFL Canada, one of the largest commercial insurance brokers in Canada. The investment will help BFL Canada,…

News BrokersInsuranceMarkets / Coverages

Why brokers need to stay in front of students who move away from home

June 28, 2018 by David Gambrill

Students who leave home for school represent a big opportunity for brokers to provide value-added advice on a variety of insurance coverage changes, but the key is for brokers is to get in front of the students before they make…

News Legal

Traffic stop “perfectly legal,” Ontario appeal court rules in impaired driving case

June 28, 2018 by Colin Perkel - THE CANADIAN PRESS

TORONTO – A man found to have been driving drunk has been convicted even though the police officer who stopped him was looking for another suspected impaired driver. In a ruling setting aside two lower court decisions, Ontario’s top court…

News Insurance

Will we ever see another hard market again?

June 27, 2018 by David Gambrill

Is the traditional hard market “broken”? Insurance pricing cycles have all but evaporated over the past decade, with premium rates during this period showing an overall decline. The trend is illustrated once again in the 2018 Risk and Insurance Management…

News Insurance

New P&C database could increase cat bond, ILW activity in Canada

June 27, 2018 by David Gambrill

Catastrophe Indices & Quantification Inc. (CatIQ) has launched Canada’s first ever insurance Industry Exposure Database (IED), developed with support from the Canadian property and casualty insurance industry and in partnership with Zurich-based PERILS AG. The IED contains 2016 and 2017…

News InsuranceLegislation / RegulationMarkets / Coverages

Economical makes history by submitting demutualization proposal to Ottawa

June 27, 2018 by Greg Meckbach

Economical Insurance has made history as the first property and casualty insurer in Canada to officially ask the federal government for permission to demutualize. The Waterloo, Ont.-based carrier announced Tuesday it has submitted a proposal to the country’s financial regulator…

News Legal

Priority dispute in mechanic test-drive case could reach top court

June 27, 2018 by Greg Meckbach

A priority dispute between Ontario auto insurers over who should pay accident benefits to a mechanic injured while test-driving a customer’s car could be headed to Canada’s highest court. Auto repair shop owner Jing Hua Fan was hurt in 2011…

News Catastrophes

Wildfire evacuees to return to Southend, Saskatchewan

June 27, 2018 by THE CANADIAN PRESS

SOUTHEND , Sask.  – Residents who had to leave their remote community in northern Saskatchewan because of a wildfire are being allowed to return. The wildfire was growing last week and was 13 kilometres away when an evacuation was ordered…

News InsuranceLegal

Insurance lawyer questions whether LAT has ‘appearance’ of fairness

June 26, 2018 by Greg Meckbach

An anonymous letter about how an auto injury claim was handled by the Ontario License Appeal Tribunal raises “concerns” about the LAT decision-making process, an insurance lawyer warns. Anonymous evidence should generally not be given any weight in court proceedings,…

News BrokersInsuranceMergers and Aqcuisitions

Western Financial CEO reveals the strategy behind Axion deal

June 26, 2018 by Jason Contant

When Western Financial Group acquired its first non-western Canadian brokerage last week, location obviously played a factor in its acquisition strategy. The more rural, the better, the brokerage told Canadian Underwriter Tuesday. The High River, Alta.-headquartered Western completed its acquisition…

News ClaimsInsuranceLegal

Auto insurer on hook for $300K after client address mix-ups

June 26, 2018 by David Gambrill

If you can’t find your itinerant clients, have they failed to cooperate with your defence of an auto insurance liability action? An Ontario court recently ordered Gore Mutual Insurance Company to pay a $300,000 balance owing on a settlement judgment,…