Quebec drivers are happiest with their auto insurance product, while British Columbia drivers are the most critical of theirs, based on a recent online survey conducted by InsurEye. The Canadian company provides online analysis to help buyers manage their insurance.…
B.C. condo unit owners have yet to take a run at challenging the fairness of deductible downloading bylaws of strata corporations, although case law seems aligned for such an opportunity. Krista Prockiw of Alexander Holburn Beaudin & Lang LLP mentioned…
A summary of submissions to the federal government on demutualization shows some important differences in viewpoints on how mutual property and casualty insurers should be allowed to become share companies. The Department of Finance received more than 80 submissions from…
Here’s a quick math question for strata insurance experts: If there is a $50,000 policy deductible for each “occurrence” of illegal drug activity losses, and 29 out of 90 condo units in a single building are damaged because of marijuana…
EGI Financial Holdings Inc.’s net income for Q1 2012 rose 25% over the same period in 2011, largely in response to the numbers of written premiums and investment income. The company witnessed a 42% increase in written premiums in Q1 2012…
British Columbia’s public auto insurer, the Insurance Corporation of B.C. (ICBC), has committed to consulting with the province’s brokers about a proposed shift to risk-based auto insurance pricing. The move represents one peg of ICBC’s much broader plan to modernize…
The auto insurance industry may suffer a steep decline if technology that reduces the frequency and severity of car accidents is widely adopted, concludes a new study by research firm Celent. The research points to four specific types of technology…
Nova Scotia brokers are tired of playing the role of a “regulator” when it comes to policyholders’ oil tanks, and want oil companies to assume responsibility for properly maintaining the tanks. “We seem to be the regulator,” Richard Bishop, president…
A regulation has been added to New Brunswick’s Insurance Act that spells out new classes, including legal expense insurance, a relatively new form of insurance in Canada. The Classes of Insurance Regulation – Insurance Act, filed on April 24, details the…
Chubb Insurance Company of Canada has launched an enhanced watercraft policy. The policy includes a new discount, improved deductible options, expanded navigational coverage, travel-sized certificates of insurance and greater damage coverage. The enhanced policy provides a 5% discount if the…
David Horner has joined the Kernaghan Adjusters’ team in Edmonton. Horner began his insurance career in 1978 as a claims representative with a large multi-line insurer. Shortly thereafter, he became a roads adjuster, handling auto, bodily injury, property and fire…
The Ontario Superior Court has derailed a plaintiff’s bid to obtain under new provincial rules for summary judgment a declaration that she suffered a “catastrophic impairment.” Nancy Stewart was severely injured in a motor vehicle accident on Nov. 4, 2005.…