Segment
Consumers
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…
2018 Outlook: Jean-Francois Blais, President, Intact Insurance
December 29, 2017 Jean-Francois Blais*Editor’s Note: Jean-Francois Blais retires as Intact President effective Jan. 1, 2018. His contribution to our 2018 CEO Outlook pre-dated his retirement announcement. The insurance industry is facing potential disruption. Insurers are tackling several longer-term trends including the sharing economy,…
Driver convicted of failing to yield awarded $151,000 in legal costs
December 19, 2017 by Canadian UnderwriterA driver convicted of failing to yield the right of way after turning into the path of a different vehicle has nonetheless collected $30,000 from the other motorist and was awarded an additional $151,000 in legal costs. In Duncan v.…
Securities regulators issue warning on risks with cryptocurrency products
December 19, 2017 The Canadian Press (CPSTF)MONTREAL – The Canadian Securities Administrators has issued a warning about risks associated with products linked to cryptocurrencies as interest in the space continues to rise. The umbrella organization for Canada’s provincial and territorial securities regulators singled out futures contracts…
Politicians at odds with industry over territorial rating
December 18, 2017 by Canadian UnderwriterUsing postal codes to determine auto insurance rates could come to an end if the Progressive Conservatives win the next Ontario election. “Geographic discrimination should be eliminated while not raising rates on other parts of the province,” a spokesperson for…
Uber privacy breach could affect 815,000 Canadians
December 12, 2017 Ian Bickis - THE CANADIAN PRESSCALGARY – Uber Canada said late Monday that 815,000 Canadian riders and drivers may have been affected as part of its worldwide data breach announced in November. The disclosure came the same day the federal privacy commissioner said it had…
InsureLine Partners with Don Cherry
December 11, 2017 InsureLine Brokers Inc.Port Coquitlam, B.C., Dec. 11, 2017 /insPRESS/ – InsureLine is excited to announce a multi-year celebrity endorsement deal with Don Cherry to help educate Canadians on the benefits of using an InsureLine advisor for all their insurance needs. All InsureLine franchise offices across…
One important attribute required for the sale of cyber insurance
December 4, 2017 Greg Meckbach, Associate EditorAdvising clients on cyber policies “takes a level of sophistication on the broker’s side,” New Brunswick insurance defence lawyer Ryan Burgoyne told Canadian Underwriter Friday. “If you are putting yourself out to have specialized expertise in cyber liability insurance as…
November auto sales fall as lower car sales offset gains in light trucks
December 4, 2017 The Canadian Press (CPSTF)TORONTO – The number of new cars and light trucks sold in Canada last month dipped lower compared with a year ago, according to sales figures compiled by DesRosiers Automotive Consultants. Total light vehicle sales fell 1.2 per cent to…
Regulator challenges rosy telematics picture
December 2, 2017 Greg Meckbach, Associate EditorCanadian auto insurers have been using telematics to gather data on driving behaviour for years, with one insurer having billions of miles’ worth of data, but it remains debatable whether pay-as-you-drive technology actually reduces insured losses. Claims costs “could conceivably…
Province’s ridesharing law requires minimum policy limit
December 1, 2017 by Canadian UnderwriterSaskatchewan has introduced legislation allowing for ridesharing services to operate in the province, with an interesting insurance twist. The Vehicles for Hire Act requires the ridesharing company to file written evidence of a motor vehicle liability insurance policy with a…