Flood watches in British Columbia result from heavy rain
January 4, 2019 THE CANADIAN PRESSVANCOUVER – Rainfall, wind, snow and winter storm warnings have been lifted for all of southern B.C. after a powerful system swept across the province leaving flooded or snow-clogged roads in its wake. On Vancouver Island, torrential downpours forced flood…
Half a metre of snow dumped on Newfoundland
January 3, 2019 THE CANADIAN PRESSGANDER, N.L. – Residents of Gander, Nfld. are digging out after one of the biggest snowfalls ever recorded there – nearly two feet. A powerful storm blanketed much of the province Wednesday, with St. John’s and some other communities getting…
How business leaders influence sexual harassment attitudes
December 17, 2018 by Jason ContantThe way business leaders communicate can shape employees’ attitudes toward sexual harassment, new research has found. “Our research points to a single step that leaders can take to help reduce sexual harassment: communicate to employees that preventing it is a…
Winds affecting Vancouver area could damage property
December 14, 2018 THE CANADIAN PRESSVANCOUVER – Powerful winds are set to sweep British Columbia on Friday with gusts of up to 100 kilometres an hour in some areas. Environment Canada has posted wind warnings for Metro Vancouver, Fraser Valley, Vancouver Island and parts of…
Why A.M. Best gave the global reinsurance segment a ‘stable’ outlook
December 6, 2018 by David GambrillCORRECTION: An earlier version of this story incorrectly stated that A.M. Best had changed its outlook for the global reinsurance sector from ‘Stable’ to ‘Negative.’ In fact, the outlook changed to ‘Stable’ from ‘Negative.’ Canadian Underwriter apologizes for the error.…
Insurer pushing for new auto fraud laws
December 5, 2018 by Greg MeckbachA major insurer is calling for new laws prohibiting various forms of auto insurance fraud in Ontario. “As an industry we need a new set of provincial offences that will allow for the efficient and effective prosecution of fraud,” said…
B.C. brokerage fined $20,000 for flouting rules for entry-level brokers
November 29, 2018 by David GambrillPark Georgia Insurance Agencies, a full-service brokerage in B.C., has been fined $20,000 for allowing 36 of its Level 1 general insurance agents to sell insurance outside of the brokerage on a full-commission basis and without supervision, contrary to the…
Flood watches in effect for British Columbia
November 27, 2018 THE CANADIAN PRESSVANCOUVER – Drenching rain that has deluged British Columbia’s south coast since Sunday night should begin to relent over the next 24 hours, although Environment Canada says another 40 millimetres of precipitation is expected across parts of the region by…
The single most important factor to successful AI adoption
November 24, 2018 by Jason ContantThe key to rebranding as an artificial intelligence (AI) company is tapping into an “ultra-specialized talent pool” with a deep understanding of the field, says the chief science officer at Royal Bank of Canada. “It’s impossible to overstate the importance…
The Top 3 risk concerns for Canadian executives
November 19, 2018 by Jason ContantBusiness executives in Canada and the United States say economic risk (21%) is their primary concern, followed closely by cyber risk (20%) and technology risk (16%). CNA Hardy released its first global Risk and Confidence Survey Monday. While over two-thirds…
Storm gives Newfoundland ‘an awful beating’
November 15, 2018 By Holly McKenzie-Sutter - THE CANADIAN PRESSST. JOHN’S, N.L. – A ferocious storm is pounding much of Newfoundland and Labrador with powerful winds, blowing snow and surging waves, in what Environment Canada said was the largest storm in the world as of Thursday afternoon. “The shore…
Brokers, do your auto insurers cover HST on capped benefits?
November 14, 2018 by Greg MeckbachBrokers placing Ontario auto coverage should ask insurers whether they are including sales tax when they calculate caps on benefits, a lawyer told Canadian Underwriter Tuesday. Ontario consumers must pay 13% Harmonized Sales Tax on many goods and services. Some…