Segment
Consumers
Standards now exist for same-day insurance claims payments
February 15, 2018 by Jason ContantImagine when same-day insurance claims payments are a reality, without the need to overhaul any existing infrastructure. That could become a reality sooner than you think. ISO 20022, an international payments messaging standard that supports electronic payments, is already in…
Outdated laws disallow insurers from offering digital insurance solutions: IBC
February 13, 2018 by Jason ContantOntario’s Insurance Act and its regulations prevent insurers from doing business and communicating with their customers through digital or mobile platforms, the Insurance Bureau of Canada (IBC) noted on Monday. Canadian Underwriter asked IBC about some of the red tape…
Why are electronic pink slips being held up in Ontario?
February 8, 2018 by Jason ContantOntario’s insurance regulator, the Financial Services Commission of Ontario (FSCO), is still examining some of the complexities surrounding electronic proof of auto insurance (EPAI) before approving their use in the province, offering no timetable to launch EPAI in Ontario. “As…
Why basement flooding victim can’t sue home seller
February 2, 2018 Greg Meckbach, Associate EditorThe owner of a Winnipeg home who experienced basement flooding in 2010 has lost her bid to sue both the couple who sold her the home and the sellers’ real estate agent for allegedly misrepresenting the extent of foundation cracks.…
This is what your cyber policies should focus on
February 1, 2018 by Jason ContantBusiness interruption should be the focus of cyber insurance policies nowadays, Lindsey Nelson, international cyber team leader with CFC Underwriting, said to Canadian Underwriter in an interview on Monday. “I think it might be a matter of insurers are really…
What happens to your clients’ outdated pink slips?
January 29, 2018 by Jason ContantWhen Nova Scotia became the first jurisdiction in Canada to allow electronic proof of automobile insurance (EPAI), it opened up a whole new world for insurers to offer the digitized pink slips to their consumers. Nova Scotia’s move “will be…
Improving Railway Crossing Safety Through Driver Education
January 29, 2018 by Linda DomenichiniTORONTO, Jan. 29, 2018 /insPRESS/ – Railway crossings are just one of the unsuspecting hazards we deal with daily. They seem so easy to cross, yet when something goes wrong such as a vehicle colliding with a train, the results…
Electronic pink slips remain elusive in Ontario
January 26, 2018 by Jason ContantOntario’s insurance regulator, the Financial Services Commission of Ontario (FSCO), is still working towards allowing electronic proof of automobile insurance (EPAI) in the country’s most populous province, but a launch date is still to be determined, a FSCO spokesperson told…
First Canadian insurance regulator approves electronic pink slips
January 25, 2018 by Jason ContantThe Office of the Superintendent of Insurance of Nova Scotia has become the first regulator in Canada to permit electronic proof of auto insurance (EPAI). Earlier this month, the provincial superintendent of insurance, William Ngu, released a bulletin outlining the…
Ridesharing company expresses interest in Manitoba following time band controversy
January 23, 2018 by Jason ContantManitoba’s Public Utilities Board (PUB) has not received any appeals to its order relating to a unique “time band” approach to insuring ridesharing in Winnipeg, a PUB spokesperson told Canadian Underwriter on Monday. “My guess is that the applicant [Manitoba…
Ontario technology hubs key for GM Canada’s plans for driverless cars
January 22, 2018 David Paddon - THE CANADIAN PRESSMARKHAM, Ont. – General Motors of Canada sees Ontario’s strength in advanced technologies as strategically important for its plans for creating safe, driverless vehicles in the near future, its CEO said Friday at the launch of a new software centre…
Why consumers may be snubbing telematics
January 9, 2018 by Jason ContantPrivacy and security concerns may be contributing to a lower-than-expected uptake of telematics programs, Andrew Lo, the president and CEO of Kanetix Ltd., said on Monday. Also, there seems to be some confusion among consumers about the data insurers are…