Segment
Risk Management
How brokerages should handle employees’ use of social media
June 13, 2018 by Greg MeckbachNegative public reaction to some high-profile Twitter and Instagram posts raises the question of whether insurance brokerage owners should monitor the personal social media accounts of their workers. “We don’t police our staff’s Facebook pages,” reports Calgary brokerage owner Robyn…
Montreal borough votes to restrict Airbnb-style rentals in downtown core
June 13, 2018 The Canadian PressMONTREAL – A Montreal borough is bringing in new rules aimed at limiting the number of short-term rentals in the city’s downtown core. Councillors in the Ville-Marie borough voted in support of a new motion on Tuesday evening to restrict…
Is investing in AI worth it for Canadian insurance carriers?
June 12, 2018 by Jason ContantWhile the vast majority (94%) of Canadian insurance professionals surveyed believe that artificial intelligence (AI) will transform the insurance industry, the jury is still out on whether carriers are receiving a return on investment from analytics yet. Insurance Nexus released…
Supreme Court rules against city over 2008 hockey riot vandalism
June 12, 2018 The Canadian PressOTTAWA – The Supreme Court of Canada has ruled against the City of Montreal in a case involving rioters who damaged police vehicles after a 2008 Montreal Canadiens victory. Several police cars were set ablaze and some were destroyed in…
The new threat facing Fort McMurray (and other parts of Western Canada)
June 11, 2018 by Jason ContantWith hundreds of claims from the 2016 Fort McMurray wildfire still unresolved as of late last month, Alberta residents could be forgiven for still worrying about wildfire risks in their own backyard. The Canadian Press recently reported that as of…
Crews fight hotspots, flare ups in large fire
June 11, 2018 The Canadian PressCOLE HARBOUR, N.S. – Fire flared up again near a popular hiking trail in Cole Harbour, N.S., as crews continued to try to put out hotspots and quench the remnants of a large blaze that forced the evacuation of dozens…
How telematics affected this insurer’s loss ratio
June 10, 2018 by Greg MeckbachCould Canadian insurers cut auto claims costs by 15% by using telematics? Perhaps, if they could somehow import the experience of European insurers. An unnamed European insurer compared its auto insurance customers who were using telematics with its customers who…
More hurricanes, or just better detection?
June 7, 2018 by Jason ContantIs the number of Canadian hurricanes getting larger, or are we just better at detecting them? Bob Robichaud, warning preparedness meteorologist with the Canadian Hurricane Centre (CHC), raised the question during a webinar on the Institute for Catastrophic Loss Reduction…
Some business risks from marijuana regulation changes
June 7, 2018 by Greg MeckbachA Canadian fish oil supplement supplier, a business that hopes to enter the medical marijuana industry, is warning of the risks posed by the “rapidly-evolving” cannabis industry and uncertainty over Health Canada’s license approval process. Health, safety and environmental regulations…
Privacy Commissioner gives brokers more ammunition to sell cyber policies
June 6, 2018 by Jason ContantCanada’s privacy commissioner is looking to add some bite to the country’s federal privacy laws. And if you need another reason to keep cyber insurance top of mind for your clients, look no further than a recent survey from the…
Feds seek input on railroad insurance rules
June 6, 2018 by Greg MeckbachShould Canada’s rules on railway insurance be changed? If your answer is yes, contact the Canadian Transportation Agency (CTA) within the next four months explaining why. CTA, which has the power to issue and revoke certificates of fitness for federally-regulated…
Improved traffic management cheapest way to reduce congestion: CAA
June 6, 2018 The Canadian PressTORONTO – The Canadian Automobile Association says there are a number of simple measures that could be taken to reduce congestion on roads across the country. A CAA-commissioned study released last year estimated the country’s worst bottlenecks result in 11.5…