Segment
Consumers
Ridesharing insurance takes centre stage as Uber, Lyft approved in B.C.’s Lower Mainland
January 24, 2020 by Jason ContantVICTORIA – Vancouver is poised to join most major cities in Canada in offering ride-hailing services with the long-awaited approval Thursday of licences for companies Uber and Lyft to operate in British Columbia’s Lower Mainland and Whistler. The independent Passenger…
Data collection itself won’t turn you into Spotify – how using the data might
January 23, 2020 by David GambrillThere will come a time when data-enabled learning, as featured in artificial intelligence, will become a “table stakes” component of P&C insurance products — but collecting mass amounts of consumer data won’t always give your company a competitive advantage. Who…
What’s new in 2020 with Intact Centre home flood risk assessment training
January 23, 2020 by Greg MeckbachWant to share basement flood horror stories with other brokers or home inspectors, and hear how industry peers tackled their problems? The Home Flood Risk Assessment Training Course, launched in 2018, now has discussion sessions, said Daniel Filippi, program manager…
Couple sued over basement flooding after selling fixer-upper
January 20, 2020 by Greg MeckbachA Kelowna couple have been sued for $168,000 after a house they sold suffered basement flooding. In Brunning v. Cummings, released Jan. 13, Supreme Court of British Columbia Justice Gordon Weatherill awarded the damages to Cheri and Joel Brunning. The…
Are you following these password blunders?
January 16, 2020 by Adam MalikFrom leaving passwords written on sticky notes laying around to using simple passwords to not using proper technology to secure client data, employees and companies still have much to learn about data security, according to a recent report. And with…
Should the industry have a specific line of business for ‘catastrophe’?
January 16, 2020 by Jason ContantIs it time the insurance industry starts zeroing in on a single definition of catastrophe? Traditionally, the industry would offer a named perils policy outlining specific catastrophe coverages or an all-risks policy, which covered risks unless they were specifically excluded.…
Your client’s vehicle is damaged by a massive pothole. Is it covered and is the city liable?
January 15, 2020 by Jason ContantYou’re on your way to work minding your own business when all of a sudden you drive over a massive pothole and damage your car. Does your auto insurance cover it and can the city be held liable? In short,…
LifeLabs facing proposed class action lawsuit over data breach
January 3, 2020 The Canadian PressTORONTO – A proposed class action lawsuit has been filed against medical services company LifeLabs over a data breach that allowed hackers to access the personal information of up to 15 million customers. In an unproven statement of claim filed…
Executive Outlook 2020 | Valérie Lavoie, Desjardins
December 30, 2019 by David GambrillValérie Lavoie, President, Chief Operating Officer, Desjardins General Insurance Group Rising home and auto insurance premiums will be the big issue for the industry again in 2020, driven by the growing frequency and severity of extreme weather events and the…
Executive Outlook 2020 | Carol Jardine, Wawanesa
December 30, 2019 by David GambrillCarol Jardine, President, Canadian P&C Operations, The Wawanesa Mutual Insurance Company One of the most important issues facing the industry is the Canadian consumer’s pocketbook. Canadian families have never been more in debt and GDP and wage growth aren’t helping.…
Executive Outlook 2020 | Rowan Saunders, Economical
December 27, 2019 by David GambrillRowan Saunders, President, CEO, Economical Insurance Insurers across Canada are exploring new ways to embrace digital and improve customer experience in the middle of a hard market. This necessary transformation is the most important issue we face. Within the context…
Alberta strikes panel to review auto insurance, won’t bring back rate cap
December 27, 2019 Dean Bennett – THE CANADIAN PRESSAlberta is reviewing auto insurance in the province to ensure that the industry can remain viable and drivers can get affordable coverage. Finance Minister Travis Toews says Albertans are paying some of the highest rates in Canada but are having…