News
How off-road vehicles impact commercial liability risk
November 1, 2018 by Greg MeckbachCommercial clients who allow off-road vehicles to be driven on their property could have insurance coverage gaps, a commercial lawyer warns. In Ontario, off-road vehicles are generally required to have liability insurance, but some types of machinery – such as…
New app centralizes and digitizes the entire insurance lifecycle
November 1, 2018 by Jason ContantAn artificial intelligence company based in Montreal has launched an application to centralize and digitize the entire insurance lifecycle. Koïos Intelligence, which develops AI tools designed specifically for the finance and insurance industries, unveiled Olivo at the Fintech Forum at…
Nearly 99% of Canadians do not purchase travel medical insurance for short trips
November 1, 2018 by Jason ContantAlmost 99% of Canadians who take one or two-day trips don’t purchase travel medical insurance, Allianz Global Assistance Canada (AGAC) said recently. Data show less than 1.4% of single trip medical policies purchased through its various distribution channels are for…
Carproof vehicle data provider gets new name in Canada
November 1, 2018 by Greg MeckbachData provider Carproof Corp. is now known as Carfax Canada, parent firm IHS Markit Ltd. announced Thursday. Carfax – whose target market includes the auto insurance industry – collects data on vehicles so prospective buyers can find out whether they have…
The damage caused by this tanker truck crash on Ontario highway
November 1, 2018 by Adam Burns and Alanna Rizza - THE CANADIAN PRESSTORONTO – Two men were killed in a multi-vehicle crash that sparked a massive tanker fire on a major toll highway in the Toronto area on Wednesday, emergency officials said. The crash happened just before 5 p.m. on Highway 407…
Truly driverless cars now allowed in California
October 31, 2018 by Michael Liedtke - THE ASSOCIATED PRESSSAN FRANCISCO – The robotic car company created by Google is poised to attempt a major technological leap in California, where its vehicles will hit the roads without a human on hand to take control in emergencies. The regulatory approval…
These two Canadian regions will face major insurance workforce issues
October 31, 2018 by Jason ContantThe Canadian property and casualty insurance industry’s entry-to-exit ratio is declining, meaning insurance organizations will find it harder to grow in the years to come. Few regions should be as concerned as Atlantic Canada and Saskatchewan when it comes to…
Raise auto accident benefits: Ontario politician
October 31, 2018 by Greg MeckbachThe cuts to mandatory auto accident benefits made in 2010 and 2016 need a second look, says Ontario’s opposition auto insurance critic. “It’s something we need to re-examine,” Gurratan Singh, the New Democratic Party’s auto insurance critic, said Wednesday in…
Managing general agent launches three training programs
October 31, 2018 by Jason ContantManaging general agent APRIL Canada has launched APRIL University with three training programs and two more in the development stage. Essentials of pleasure craft insurance (1.5 RIBO hours), Ontario rentals & Airbnb market (1 RIBO hour) and insurance for general…
Why this 1996 auto accident benefits claim has not been resolved
October 31, 2018 by Greg MeckbachAn accident benefits claimant who a designated assessment centre concluded 22 years ago was not disabled still has a chance to claim income replacement benefits, Ontario’s Divisional Court has ruled. Dharam Sidhu was involved in a traffic accident in 1996. He…
Top 10 Under 40: Canada’s Best Young Brokers, 2018
October 31, 2018 by StaffWho are the brightest young talents in Canadian P&C today? Each year, Canadian Insurance Top Broker magazine answers that question with its Top 10 Under 40. (Top Broker was acquired in September 2018 by Canadian Underwriter.) The Class of 2018…
Top 10 Under 40, 2018: Garrett Jones, Valley First Insurance
October 31, 2018 by Sarah Cunningham-ScharfWho are the brightest young talents in Canadian P&C today? Each year, Canadian Insurance Top Broker magazine (recently acquired by CU) answers that question with its Top 10 Under 40. Meet the other winners here, and don’t forget to pick…