Segment
Consumers
MPI employees’ strike: Where it stands
September 28, 2023 by Jason ContantManitoba Public Insurance (MPI) and the Manitoba Government and General Employees’ Union (MGEU) remain at an impasse following a five-week-long labour strike and four days of conciliator-led discussions. MPI presented what it said was its “significantly enhanced” final offer to…
Weather-related home repairs highest in Atlantic Canada: HomeStars survey
September 26, 2023 The Canadian PressTORONTO – Homeowners in Atlantic Canada completed the highest number of emergency repairs due to weather-related events in the past year, according to HomeStars’ latest renovation report. One-third of homeowners across Canada who renovated or repaired their properties in the…
How potholes lead to serious brain injuries for e-scooter riders
September 8, 2023 Brittany Sinclair, B.Sc., P.Eng. 30 Forensic EngineeringEditor’s note: This is the second of a two-part series on the biomechanics of rider falls from e-scooters. Part 1 appeared Aug. 25. Road safety is directly linked to maintenance standards. In Ottawa, the city’s recommended maintenance quality standard…
Why ransomware is still a threat to your cyber clients
August 31, 2023 by Jason ContantRansomware is “almost certainly the most disruptive form of cybercrime facing Canada” because it’s pervasive and can have a serious impact on an organization’s ability to function, said a new report from the Canadian Centre for Cyber Security. However, it’s…
How artificial intelligence benefits brokers
August 31, 2023 Adam MitchellWe’ve all seen stories about AI and what programs like ChatGPT will mean for the future of work. The general consensus – for now at least – is that it won’t replace insurance brokers. But as this technology becomes more…
Where the burden of proof lies in accident claim adjudications
August 28, 2023 Philip PoradoAn applicant who was able to prove on a balance of probabilities that she should be removed from the minor injury guideline (MIG) because of a psychological impairment is entitled to additional accident benefits, Ontario Licence Appeal Tribunal adjudicator Nick…
How inflation’s helping some Canadian P&C companies
August 24, 2023 Philip PoradoInflation, and more specifically efforts by Canada’s central bank and its peers worldwide to curb its impacts, has given something of a boost to property and casualty (P&C) insurers’ balance sheets. Specifically, higher interest rates have expanded fixed income investment…
Will insurance cover deductible when toilet overflows?
August 21, 2023 Philip PoradoA strata apartment owner is entitled to collect a deductible from the owner of the unit above his own, following a toilet overflow that caused substantial damages to his apartment, British Columbia’s Civil Resolution Tribunal (CRT) has determined. In Meier…
Digital-first firms partner on car-share coverage
August 17, 2023 Canadian Underwriter StaffDigital auto and home insurance provider Onlia has partnered with car-subscription service Roam to provide its Ontario customers with personalized rates and a faster checkout when picking up cars. In addition to vehicles, Roam’s pay-as-you-go subscriber plan members are provided…
What FSRA found when it examined take-all-comers compliance
August 4, 2023 Philip PoradoOntario’s auto insurance regulator has used the phrase “systemic non-compliance” to describe how the province’s 12 largest auto insurance companies are approaching Ontario’s take-all-comers requirement. According to a Financial Services Regulatory Authority of Ontario (FSRA) report, released Friday, market behaviour…
Auto sales up 8% in July for ninth month of growth
August 3, 2023 The Canadian PressRICHMOND HILL, Ont. – DesRosiers Automotive Consultants Inc. says auto sales growth continued in July but at a slower pace than recent months. The consultancy firm says total light vehicle sales for the month were up eight per cent from…
Why AB claimant won’t receive additional benefits
August 1, 2023 Philip PoradoAn applicant citing pain and other issues did not meet the burden of proof for an insurer to provide benefits beyond the minimum injuries guideline (MIG), adjudicator Janet Roswell wrote in a July 28, 2023 Licence Appeal Tribunal decision (Jabbour…