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Ontario Election 2018: Trailing Liberals promise auto insurance discounts

June 4, 2018 by Greg Meckbach

Polls show the Ontario Liberals will not likely govern the province after the election this Thursday but, for what it’s worth, a vote for Liberal candidates is a vote for insurance discounts for motorists who use apps intended to discourage

News InsuranceLegislation / RegulationTechnology

How home insurers could be on the hook for cyber bullying

June 4, 2018 by Greg Meckbach

Cyber bullying, which can result in liability claims under home insurance policies, will soon be grounds for lawsuits in Nova Scotia. The Nova Scotia government is now “on the verge” of bringing Bill 27 into force, law student Brayden McDonald

News Markets / Coverages

Small earthquake detected off coast of B.C.

June 4, 2018 The Canadian Press

HAIDA GWAII, B.C. – A small earthquake has been detected off of British Columbia’s coast. Earthquakes Canada says the 4.2-magnitude quake struck Saturday afternoon, 94 kilometres west of the village of Masset, B.C., in the Haida Gwaii archipelago. The agency

News InsuranceLegal

Directors and officers fail to get shareholders class-action tossed out of Ontario court

June 3, 2018 by Greg Meckbach

Five former directors and officers of a Vancouver-based mining firm can be sued personally in Ontario by shareholders alleging the firm misrepresented financial statements. The Supreme Court of Canada announced Thursday it will not hear an appeal, from SouthGobi Resources

News InsuranceMarkets / CoveragesReinsurance

Government-backed home flood insurance coming to Canada?

June 3, 2018 by Greg Meckbach

Federal government officials are pondering a flood insurance system similar to Britain’s two-year old Flood Re, an Insurance Bureau of Canada official suggested Thursday. Federal public safety minister Ralph Goodale “asked IBC to lead a working that will deliver recommendations

News Insurance

If politicians get rid of territorial ratings, then what?

June 3, 2018 by David Gambrill

Ontario’s political parties have all expressed a desire at some point this year to eliminate territory as a rating factor for insurance premium, but none of the parties have been clear about how they would actually do it, an insurance

News Legislation / Regulation

System for enforcing legalized recreational marijuana remains hazy

June 3, 2018 Gemma Karstens-Smith - THE CANADIAN PRESS

VANCOUVER – Marijuana businesses are growing in size and scope as Canada moves toward legalization of recreational pot, creating an increasingly daunting job for those tasked with enforcing the rules. In Vancouver’s bustling downtown, sleek, modern posters with fashionable fonts

News ConstructionInsuranceLegislation / Regulation

Communities using development permits to reduce risk of wildfire: ICLR

May 31, 2018 by Jason Contant

Reducing the risk of wildfire, several communities in western Canada are using development permits as a way to address construction of new residential development in the wildland-urban interface, the Institute for Catastrophe Loss Reduction (ICLR) noted in a recent report.

News Insurance

The ‘key challenge’ in defending businesses suffering violent attacks

May 31, 2018 by Greg Meckbach

If a violent attack occurs on your business client’s premises, there is a good chance the insurance company will somehow be involved. If a random person walks into a restaurant or retail store “without warning and undertakes some violent criminal

News InsuranceMarkets / Coverages

Major Canadian retailer finds cyberattacks “more difficult to detect”

May 31, 2018 by Greg Meckbach

Cyber threats are becoming “more difficult to detect,” a major Canadian retailer suggested Tuesday. Indigo Books and Music Inc., whose holdings include the Chapters and Coles book chains, “may be required to expend significant additional resources” to protect against threats

News InsuranceMarkets / Coverages

Canadian bank breaches highlight rise of cyber threats as new exploitation strategies

May 31, 2018 Ian Bickis - THE CANADIAN PRESS

Apparent attempts to extort two major Canadian banks highlight the increasing threat and variety of cyberattacks against major companies. Attacks against BMO and CIBC-owned Simplii – that compromised the information of up to a combined 90,000 Canadians – made public

News InsuranceMarkets / Coverages

Bomb threats highlight liability risk of office towers with lax security

May 30, 2018 by Greg Meckbach

In the wake of a threatened bombing in Stratford, Ont., and a restaurant bombing near Toronto, landlords of office towers may want to review their security systems to reduce their risk of liability. In general, owners of multi-tenant buildings have