Segment
Consumers
How to negotiate the nuanced world of email fraud coverage
March 3, 2020 by Jason ContantYour commercial client may think they are covered for all types of business email compromise (BEC) fraud automatically, but policy triggers are often nuanced, a speaker said recently at NetDiligence’s Cyber Risk Summit in Toronto. “The biggest misconception of our…
Do police need a search warrant to obtain a vehicle’s event data recorder?
March 3, 2020 Colin Perkel - THE CANADIAN PRESSTORONTO – Police flouted a driver’s rights when they retrieved an electronic recording module from a car wreck days after a crash because they failed to get a search warrant or owner permission first, an Ontario judge has ruled. As…
Car sharing firm leaves Canada with valuable data in changing market: expert
February 27, 2020 Brenna Owen - THE CANADIAN PRESSVANCOUVER – The car-sharing company formerly known as Car2Go is closing up shop in North America on Saturday, taking with it valuable data for automakers looking to the future, says one expert. The data could show how frequently people choose…
How Canada’s mandatory breach notification has affected the P&C industry
February 24, 2020 by Jason ContantCanada’s new mandatory breach notification requirements have increased the number of reported claims, leading to a re-shuffling of claims costs for insurers, according to a privacy lawyer. “It definitely leads to more claims and it makes its presence [known] in…
Industry vet believes it’s time for Canada to adopt Quebec’s auto insurance model
February 24, 2020 by Jason ContantBritish Columbia’s public auto insurer recently moved to a no-fault system for auto insurance, but at least one P&C industry consultant believes that all Canadian provinces (B.C. included) should instead look towards Quebec’s public-private hybrid auto insurance model for guidance.…
How IBC plans to keep insurance “affordable and available” across Canada
February 18, 2020 by Jason ContantFollowing years of significant commercial insurance losses, Insurance Bureau of Canada (IBC) has launched a national task force to examine ways to help Canadian consumers mitigate risk and manage costs. The National Commercial Insurance Task Force will bring together insurers,…
The thinking behind IBAC’s ‘light-hearted’ flood and earthquake education campaign
February 13, 2020 by Greg MeckbachWhile the Insurance Brokers Association of Canada (IBAC) is encouraging homeowners to contact brokers about earthquake and overland flood risk, it is not aiming to shock or scare the living daylights out of consumers. “We consciously chose not to use…
Aviva to start using credit info as auto rating factor in this province
February 13, 2020 by Greg MeckbachAviva Insurance Company of Canada and Traders General Insurance Company have permission to use consumers’ credit information as an auto rating factor, the Nova Scotia Utility and Review Board announced Monday. Insurers are specifically prohibited from using credit information as…
What’s really behind Ontario auto rate increases
February 11, 2020 by Greg MeckbachAuto rates continue to climb in Ontario but the increase in frequency and severity of claims plays a big role, Insurance Bureau of Canada suggests. None of the 21 Ontario auto insurers who filed for rate changes during the last…
Former Tarion official calls for insurer-based new home warranty
February 3, 2020 by Greg MeckbachA former enforcement director with Tarion Warranty Corporation is calling for competition among insurers in new home warranty in Ontario. David Roberts, who retired in 2017 from Tarion, recommended the provincial government move the new home warranty system to a…
You’re insuring the cars. Why not sell or lease them, too?
January 29, 2020 by Jason ContantHere’s a crazy thought: What if customers bought or leased vehicles directly from an insurer instead of going to an auto dealership? Insurers are exploring such a scenario right now, Sven Roehl, co-founder of Cookhouse Labs in Toronto, told Canadian…
What happens if a condo client’s marijuana use offends the neighbours?
January 28, 2020 by Greg MeckbachWith the legalization of recreational cannabis, what happens when there is a dispute between neighbours in a condominium and how does a condo corporation or board handle it? A lot of condominium corporations have passed rules around odours, says Armand…