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New Brunswick pulp and paper firm fined $3.5 million for pollution

November 6, 2018 THE CANADIAN PRESS

SAINT JOHN, N.B. – Irving Pulp and Paper Ltd. has been hit with one of largest penalties ever imposed in Canada for an environmental violation. The company, based in Saint John, N.B., was fined $3.5 million Monday for dumping improperly

News InsuranceRisk

$260 billion cleanup estimate based on ‘worst case’ scenario: energy regulator

November 5, 2018 Dan Healing - THE CANADIAN PRESS

CALGARY – The Alberta Energy Regulator is apologizing for estimating it would cost $260 billion to clean up after the provincial oil and gas industry. The sector’s accumulated environmental liability is currently estimated at $58.65 billion, less than one quarter

News Brokers

Top 10 Under 40, 2018: Jonathan Langlois, Vézina Assurances

November 2, 2018 Danielle Kubes

Who are the brightest young talents in Canadian P&C today? Each year, Canadian Insurance Top Broker magazine (recently acquired by CU) answers that question with its Top 10 Under 40. Meet the other winners here, and don’t forget to pick

News Claims

The damage caused by this tanker truck crash on Ontario highway

November 1, 2018 Adam Burns and Alanna Rizza - THE CANADIAN PRESS

TORONTO – Two men were killed in a multi-vehicle crash that sparked a massive tanker fire on a major toll highway in the Toronto area on Wednesday, emergency officials said. The crash happened just before 5 p.m. on Highway 407

News BrokersInsurance

The case for paying brokers on a 100% commission basis

October 30, 2018 by Jason Contant

Brokers in favour of performance-based compensation point to its benefits in promoting customer service to clients. At Surex Direct, a Magrath, Alta.-based online brokerage that is 100% commission-based, customer service is key, said Ryan Kirk, vice president of operations for

News ClaimsInsurance

Higher speed limits increased auto claims 43% in this province

October 29, 2018 by Jason Contant

Increased rural highway speed limits in British Columbia had “large and statistically significant” increases in total insurance claims, injury claims and fatal crashes, a recent study has found. Over the course of the study, there were annual averages of 265,187

News InsuranceRisk

The special insurance needs of art collectors

October 24, 2018 by Greg Meckbach

A recent prank by an anonymous street artist shows that collectibles – which require special insurance – can become more valuable if they are damaged. “Normally when a piece of art is damaged, it would drop in value,” Kelly Juhasz,

News BrokersInsuranceMarkets / Coverages

Why this brokerage doesn’t focus on performance-based compensation

October 22, 2018 by Jason Contant

Creating competition in the workplace is not a good environment for growing teamwork and is one of the reasons an independent insurance brokerage in Nova Scotia doesn’t focus on performance-based compensation. “Our notion on compensation is that we are trying

News Legislation / RegulationMarkets / Coverages

Why clients need advice on ‘litigation hot spots’

October 21, 2018 by Greg Meckbach

Commercial brokers advising Canadian clients with operations in foreign countries need to understand consumer protection and pollution laws in those countries. “It’s up to a broker to make sure that he or she is well versed in what those countries’

News AdjustersClaimsInsuranceMarkets / Coverages

Crawford’s Top 3 claim loss predictions from marijuana legalization

October 18, 2018 by Jason Contant

Claims adjuster Crawford & Company (Canada) Inc. sees auto, commercial and workplace-related losses as the Top 3 claims arising from the legalization of marijuana. Auto losses related to cannabis usage; commercial losses to cannabis producers, retailers and distributors; and employee

News InsuranceLegal

Supreme Court to decide limits of pollution liability indemnification

October 18, 2018 by Greg Meckbach

Does a pollution liability indemnification agreement made in 1985 by a provincial government apply when the same government tries to force companies to pay environmental remediation costs 26 years later? Ontario judges disagree, so the question is now before the

News Insurance

How Canada Post disruption could help the insurance industry

October 11, 2018 by Greg Meckbach

The threat of a work stoppage at Canada Post may lead to a positive outcome in a back-handed way, by potentially raising awareness among regulators and consumers about the value of electronic documents, an Insurance Bureau of Canada official suggests.