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Consolidation of employee benefits firms among hot trends affecting P&C commercial lines

May 11, 2018 by David Gambrill

What are some of the hottest trends in Canadian P&C commercial lines right now? Insurtechs in the SME [small and medium sized enterprise] customer segment is a key driver in today’s commercial market, says Jim White, chief sales officer and executive vice president

News InsuranceLegal

Paralegal license revoked for dishonest dealings with insurers

May 11, 2018 by David Gambrill

Ontario’s legal regulator has revoked the license of a Richmond Hill paralegal for professional misconduct, finding that he misrepresented himself to insurance companies in accident benefits claims. In addition, the Law Society Tribunal ordered Roland Spiegel to pay the regulator

News Legislation / RegulationTechnology

How fear of ‘jackbooted brownshirts’ complicates cyber risk management

May 11, 2018 by Greg Meckbach

Managing the risk posed by the “dark web” is made all the more difficult by some people’s mistrust of police, a former top Royal Canadian Mounted Police officer suggested Thursday. “Cyber crime requires a different approach than just the preventative

News InsuranceLegal

Supreme Court says garage not liable for teen crash in stolen car

May 11, 2018 The Canadian Press

OTTAWA – A garage owner should not be held responsible for the terrible injuries a teen suffered when he and a friend stole a car from his lot and crashed it in a “tragic set of events,” the Supreme Court

News InsuranceProfessional DevelopmentTechnology

Insurers investing in AI can boost revenues by double digits: Accenture study

May 10, 2018 by Jason Contant

Insurers that invest in artificial intelligence (AI) and human-machine collaboration at the same rate as “top-performing” businesses could, over the next five years, boost their revenues 17% and their employment 7% on average, according to new research by professional services

News Legislation / Regulation

Data-harvesting firms are exploiting gaps in Canadian law, MPs hear

May 10, 2018 The Canadian Press

OTTAWA – Lawmakers delving into the Facebook data scandal are hearing experts call for substantial regulatory upgrades to protect the privacy of Canadians – as well as warn of democratic and economic risks posed by foreign companies motivated by “surveillance

News InsuranceLegalTechnology

A new way to manage identity theft risk

May 7, 2018 by Greg Meckbach

A law intended to reduce the risk of identity theft, which is covered under some home insurance policies, is one step closer to reality in Ontario. Bill 8, the Access to Consumer Credit Reports and Elevator Availability Act, passed third

News CatastrophesTechnology

Emergency system fails first test in Quebec

May 7, 2018 Peter Rakobowchuk and Terry Pedwell - THE CANADIAN PRESS

QUEBEC – A glitch in the new national public alert system for mobile devices affected the entire province of Quebec on Monday, said a CRTC spokeswoman. The problem did not originate with cellphone service providers but appears to have occurred

News InsuranceTechnology

How IT developers will change the way you do business

May 6, 2018 by Jason Contant

A daring group of developers came up with a new approach to technology development 17 years ago, dubbed ‘agile.’ The process grew popular in the startup world; it was soon embraced by mainstream leaders around the globe, including by those

News InsuranceLegal

Court’s response to common impaired driving defence

May 6, 2018 by Greg Meckbach

The driver of a vehicle involved in a major accident near Hamilton has not succeeded in using the “bolus” drinking defence to have her impaired driving conviction overturned. Bolus drinking is when a driver claims to have driven several drinks

News Insurance

Plan to make recreational pot legal to proceed as planned

May 6, 2018 Teresa Wright - THE CANADIAN PRESS

OTTAWA – Prime Minister Justin Trudeau isn’t backing down from his government’s much-maligned timeline for legalizing marijuana, despite a growing chorus of calls from senators, Indigenous leaders and others to delay the plan for up to a year. Trudeau says

News ConstructionInsurance

Bigger may not always be better to insure

May 3, 2018 by David Gambrill

Supertall structures, buildings more than 300 metres high or 90 storeys tall, are in vogue right now, raising interesting insurance challenges, according to a recent industry trends report released by the Insurance Institute of Canada. “Increasingly complex high-rise building projects