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Insurers urged to play a role in rebuilding economies after disasters

February 9, 2018 by David Gambrill

Insurers should be giving more thought to planning how to rebuild economies in the aftermath of a crisis, a reinsurance executive urges. “To my mind, what is often seemingly forgotten is the piece of economic resilience,” says Alex Kaplan, head

News InsuranceMarkets / CoveragesTechnology

Average Canadian company faces $3.7 million in cyber exposure

February 9, 2018 by Jason Contant

The cost to recover from security breaches in Canada averages $3.7 million in direct and indirect costs per organization, including network down time, employee work days, lost files and compromised information, according to a new survey. Of that amount, the

News InsuranceLegalMarkets / Coverages

Dispute erupts between Quebec and Ottawa over personal cultivation of pot plants

February 9, 2018 The Canadian Press

QUEBEC – Ottawa’s plan to legalize marijuana is causing a rift with Quebec over how many plants are allowed to be grown at home. The federal government’s bill allows Canadians to cultivate up to four pot plants, while Quebec doesn’t

News InsuranceProfessional Development

Why your most engaged employees may be planning an exit strategy

February 8, 2018 by David Gambrill

Engaged employees are typically considered a feather in the cap of any insurance organization, but a new study suggests that employers could lose one out of every five of their most motivated employees because of burnout. “The many positive outcomes

News InsuranceMarkets / CoveragesTechnology

Mixed responses to bullying in home insurance policies

February 8, 2018 Greg Meckbach, Associate Editor

Home insurance can cover parents of alleged bullies who are sued by their victims, but policy wordings vary from insurer to insurer, a lawyer told claims professionals Tuesday. Cyber bullying encompasses many activities, including defamation, promoting hatred against people and

News ClaimsInsuranceLegalMarkets / CoveragesTechnology

When drone damage could trigger a home insurance claim

February 8, 2018 Greg Meckbach, Associate Editor

When consumers fly unmanned aerial vehicles as a hobby, will their home insurance policies cover them for any lawsuits arising from property damage or personal injury caused by the drones? For the most part, aircraft is excluded in the wording

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Why are electronic pink slips being held up in Ontario?

February 8, 2018 by Jason Contant

Ontario’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

News ClaimsInsuranceLegalMarkets / Coverages

Contractor immune from liability in botched demolition of burning building

February 7, 2018 by David Gambrill

A trucking and excavation company in Nova Scotia is immune from tort liability because it was acting under orders from the local fire department in a botched attempt to demolish a burning building, a Nova Scotia court has ruled. The

News InsuranceMarkets / CoveragesTechnology

Coalition launches campaign to bring ride-hailing to province

February 7, 2018 The Canadian Press

VANCOUVER – Eight organizations in British Columbia are joining forces to advocate for ride-hailing services in the province as soon as possible. The Ridesharing Now BC coalition has been formed by groups including the Vancouver Board of Trade, BC Business

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Insurers pushing for regulatory approval of electronic pink slips

February 6, 2018 by Jason Contant

Insurers understand the need for electronic proof of auto insurance, but don’t yet have the ability to share this information electronically, Steve Kee, director of media and digital communications with the Insurance Bureau of Canada (IBC), said in an interview

News ClaimsInsuranceLegal

Two minor fender benders lead to $362,000 award for future care

February 6, 2018 by David Gambrill

A B.C. woman has received a court award for $362,102 in damages after developing a debilitating neck pain following two minor fender benders that occurred three years apart. Even though the court reduced the award from what the injured driver

News InsuranceLegislation / RegulationMarkets / Coverages

Politicians push for impaired driving prevention week

February 6, 2018 by Greg Meckbach

With the federal government preparing to legalize recreational marijuana by no later than July, politicians from the three major parties spoke Friday in favour of designating the third week of March National Impaired Driving Prevention Week. “Marijuana legalization will result