What the top court said drivers need to beat an impaired charge
December 7, 2018 by David GambrillImpaired drivers need more than just speculation to prove that a breathalyzer test may not be valid – they must put forward evidence to prove it, the Supreme Court of Canada has ruled. The decision is of interest to the…
How many Canadians actually understand water damage coverage?
December 6, 2018 by Jason ContantOnly about half of Canadians polled by Canada’s third largest insurer understand what kind of water damage is covered by their insurance policy, providing an opportunity for brokers to educate clients on the coverage. “For insurance brokers and agents, understanding…
B.C. opposition bill looks to private insurers to fast-track ride-sharing
December 5, 2018 by Jason ContantThe Opposition BC Liberals have introduced a bill they say would bring ride-sharing to the province within three months and allow for private insurance coverage, re-igniting debate over public versus private coverage in British Columbia. The minority NDP government introduced…
Brokerage M&A deals heat up in Winter
December 5, 2018 by Jason ContantBrokerage mergers and acquisitions (M&A) are ramping up in Canada, with two separate deals in Ontario and Saskatchewan announced Tuesday. In Ontario, Burrows Insurance Group Inc., located in Peterborough and Oshawa, Ont., joined BrokerLink. In Saskatchewan, Andrew Agencies Ltd. acquired…
Time to increase auto liability coverage: Lawyer
December 5, 2018 by Greg MeckbachOntario’s new government should require motorists to buy more liability coverage than is currently mandatory, a lawyer who represents claimants says. “I think everyone in the insurance industry would agree that $200,000 is far too low,” Joseph Campisi of Vaughan-based…
How these proposed lawsuit rules could benefit insurers
December 4, 2018 by Greg MeckbachIf proposed rules affecting Ontario lawsuits are brought into place, insurers could be paying much less for plaintiffs’ expert witnesses, a lawyer suggests. Ontario has what it calls a “simplified procedure,” which is intended to make it simpler and cheaper…
Disputed claim from $1.2-billion ponzi scheme goes to trial in Ontario
December 3, 2018 by Greg MeckbachA $300 million professional liability insurance claim from a bank could be the subject of a court trial in Ontario. The Supreme Court of Canada announced last week it will not hear an appeal of Toronto-Dominion Bank, N.A. v. Lloyd’s…
An insurer’s take on the multi-solution era of data exchange
December 3, 2018 by David GambrillAn old adage states that a broker must be able to communicate with clients in the way in which the clients wish to communicate – be it through online portals, telephone, email, Facebook, LinkedIn, etc. Similarly, in a multi-solution era…
How brokers can benefit from Instagram
November 30, 2018 by Greg MeckbachBrokers should be using Instagram and other social media sites to establish themselves as “thought leaders,” Economical Insurance advises. “Instagram is a great channel to share content and share your team culture because at the end of the day, I…
Half a billion could be affected by hotel data breach
November 30, 2018 THE ASSOCIATED PRESSBETHESDA, Md. – A security breach at one of North America’s largest hotel groups, which includes the Sheraton, Westin, Starwood and Marriott brands, has exposed the personal information of as many as 500 million guests. Marriott International, Inc. said Friday…
Auto insurers’ bitter costs dispute draws rebuke from judge
November 29, 2018 by David GambrillA bitter cost dispute between two auto insurers over an abandoned court action has led to a rebuke from a judge, who ordered Wawanesa to pay Dominion its legal fees. In doing so, Ontario Superior Court Justice Darla A. Wilson…
Why some brokers may shy away from using an MGA
November 28, 2018 by Jason ContantThe risk of a greater errors and omissions (E&O) exposure is a major reason why some brokers choose not to place business with a managing general agent (MGA), speakers said Tuesday at Insurance-Canada.ca’s MGA Technology Symposium in Toronto. “We don’t…