Segment
Claims
Behind the industry’s ‘modest decline’ in auto premiums
October 17, 2023 by Jason ContantCanada saw an overall “modest decline” of 3.5% in personal auto insurance premiums last year, AM Best reported during an industry event in Toronto earlier this month. Lower profit margins in Canadian auto insurance are likely to remain under pressure…
Which commercial line needs more capital?
October 16, 2023 by Jason ContantEven though the cyber insurance market is in a much better place now than a few years ago, it still needs an injection of capital to keep up with burgeoning demand, a speaker said during an industry event earlier this…
New Aviva Canada partnership targets rent deposits
October 5, 2023 by Jason ContantAviva Canada has partnered with technology company RentHaven Inc. to offer tenants a product that provides an alternative to large upfront security and last month’s rent deposits through a surety bond. Underwritten by Aviva Insurance Company of Canada, the surety…
Tropical storm Philippe bringing heavy rain to the Maritimes this weekend
October 5, 2023 The Canadian PressHALIFAX – Heavy rain and strong winds are in the forecast for the three Maritime provinces this weekend. Environment Canada has issued special weather statements for New Brunswick, Nova Scotia and Prince Edward Island, saying 50 millimetres of rain or…
How auto insurance will navigate a world with self-driving cars
October 4, 2023 Tim Crljenica, Thomas Gold Pettingill LLPSelf-driving cars have been a part of visions of the future for decades, and what was once only imaginary has started to become reality. Not only do self-driving cars exist, but five U.S. states (Arizona, California, Michigan, New Hampshire and…
NDP introduces disaster management bill as B.C. legislature opens
October 3, 2023 The Canadian PressVICTORIA – New disaster management legislation has been introduced in British Columbia on the first day of the fall legislative session that will see four official parties in the chamber. Emergency Management Minister Bowinn Ma said Tuesday the legislation will…
Are your tenant insurance clients fully covered?
September 29, 2023 by Jason ContantTenant insurance premiums in Ontario rose nearly 9% year-over-year, according to a recent blog from rate aggregator LowestRates.ca. Even though tenant insurance is one of the most cost-friendly coverages available, many renters take out the minimum coverage of $30,000 for…
State of emergency lifted 1.5 months after McDougall Creek wildfire
September 29, 2023 The Canadian PressWEST KELOWNA, B.C. – Central Okanagan Emergency Operations has lifted the state of local emergency in West Kelowna, B.C., more than a month after the McDougall Creek wildfire devastated the area. It says it has also rescinded all remaining evacuation…
Cyberattacks hit Canadian military, Parliament websites
September 28, 2023 The Canadian PressOTTAWA – The federal government is coping with apparent cyberattacks this week, as a hacker group in India claims it has sowed chaos in Ottawa. The Canadian Armed Forces says that its website became unavailable to mobile users midday Wednesday,…
Fire danger drops as cooler weather eases B.C.’s wildfire season
September 27, 2023 The Canadian PressVANCOUVER – The British Columbia Wildfire Service says the fire danger rating across most of the province has dropped to low or very low as cool, damp fall weather arrives. The wildfire service says there have been no new fires…
Why this address misrepresentation ruling was set aside
September 27, 2023 by Jason ContantOntario’s Licence Appeal Tribunal (LAT) erred in law when ruling it had to rely solely on the Statutory Accident Benefits Schedule (SABS) and had no jurisdiction to award equitable remedies under the Insurance Act, a provincial court has found. In…
What’s contributing to rising auto premiums in Alberta?
September 26, 2023 by Jason ContantLitigation costs stand out as a major contributor to premiums drivers pay in Alberta, according to a new report from accounting firm MNP. Legal costs in Alberta’s auto insurance system have risen 31% since 2018 and account for roughly 20%…