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Five people injured in downtown Toronto collision

August 23, 2019 by Michelle McQuigge  - THE CANADIAN PRESS

TORONTO – Five women and a baby were injured after a vehicle allegedly ran a red light in the heart of Toronto’s downtown core, city police said Thursday. Sgt. Brett Moore of the force’s traffic services division said the resulting…

News Insurance

How real are concerns about a recession?

August 23, 2019 by Adam Malik

So long as a trade war and tariffs being thrown around, recessionary fears will always linger over the head of the economy. But that doesn’t mean it’s all storm clouds. One economist believes Canada is in good shape. The latest…

News InsuranceTechnology

This insurance CEO says fully autonomous cars still ‘decades away’

August 23, 2019 by Greg Meckbach

Vehicle makers continue to add autonomous features but not everyone thinks that fully self-driving cars are coming any time soon. “I don’t buy into the autonomous vehicle thing. That is decades away, quite frankly,” Steve Smith, president and chief executive…

News InsuranceMGAs

Veteran insurance professional launches new MGA

August 23, 2019 by Jason Contant

A new managing general agency (MGA) offering optional auto insurance has launched in British Columbia, with the goal of moving into homeowners’ insurance within a year. Vancouver-based Stratford Underwriting Agency is the only MGA selling the complete private passenger suite…

News InsuranceRiskTechnology

How Travelers advises clients to mitigate auto risk

August 23, 2019 by Greg Meckbach

Do your commercial clients have a strict policy of not calling employees while they are driving? Many drivers who are distracted are actually workers who are travelling on behalf of their employers during the day, Ontario Provincial Police Sergeant Gord…

News AppointmentsBrokersInsuranceProfessional Development

Western Canadian brokerage announces changes to executive leadership

August 22, 2019 by Jason Contant

One of Canada’s largest independent property and casualty insurance brokerages has announced changes to its executive leadership, effective Sept. 1. Jamie Lyons has been appointed to the role of president and chief operating officer for Westland Insurance Group Ltd., the…

News AdjustersClaims

The impact of east London disaster on the P&C industry

August 22, 2019 by Greg Meckbach

Ten London, Ont. properties have “substantial” damage as a result of last week’s gas explosion, though it does not appear to be a major loss for Canada’s property and casualty industry as a whole. About twelve minutes after a vehicle…

News Claims CanadaInsurance

Insurers spar after passenger grabs steering wheel, causing accident

August 22, 2019 by Greg Meckbach

Should a motorist be liable if a front-seat passenger deliberately grabbed the wheel and took control, causing an accident? Insurers debate this, but judges say a client in this situation should not be liable. In McKay v. Park, released Monday,…

News AppointmentsBrokersInsurance

New president, chief operating officer for Lussier Dale Parizeau

August 22, 2019 by Jason Contant

Quebec brokerage Lussier Dale Parizeau (LDP) has announced the appointment of Michel Laurin as president and chief operating officer, effective Sept. 9. Laurin has held executive positions and worked with major companies in the insurance and financial services sectors for…

News InsuranceLegislation / Regulation

New policies set for ride-hailing services in B.C.

August 22, 2019 by The Canadian Press

VICTORIA – New policies for ride-hailing services in British Columbia will allow companies such as Uber and Lyft to operate a limitless number of vehicles beyond geographical boundaries that are in place for the taxi industry. Chair Catherine Read of…

News InsuranceMarkets / Coverages

Three reasons why healthcare is often the target of cyberattacks

August 21, 2019 by Jason Contant

If your client works in the healthcare industry in Canada, they likely know they are an attractive target for cybercriminals. But new research from global cybersecurity company Kaspersky sheds light on some of the reasons why. The study of more…

News InsuranceLegalLegislation / Regulation

These auto clients will no longer get a break for driving experience

August 21, 2019 by Greg Meckbach

For motorists whose driving experience is in a country other than Canada and the United States, one major insurer’s underwriting rules are about to change in one province. Nova Scotia’s auto insurance regulator recently gave The Personal Insurance Company permission…