Wildfires force more people out of their homes in northern Alberta
May 30, 2019 THE CANADIAN PRESSMore people are being forced from their homes as several wildfires rage out-of-control in northern Alberta and blanket areas to the south in an acrid haze. The Alberta government issued an emergency alert early this morning for Chipewyan Lake Village,…
How Ontario got it right on surety
May 30, 2019 by Jason ContantThe federal government should follow Ontario’s lead in addressing contractor insolvency before the federal budget bill becomes law, says the Surety Association of Canada (SAC). The federal budget bill, Bill C-97, was tabled in March and passed second reading on…
Don’t count on self-driving cars being just around the corner
May 29, 2019 by Greg MeckbachIf you are led to believe most of your clients will get around in self-driving cars within a decade, you might want to think again. “Autonomous vehicles will likely not be on our roads for at least another 25-30 years,…
You don’t always have to be first in innovation
May 29, 2019 by Adam MalikIf you ain’t first, you’re last. That’s the mantra Ricky Bobby lives by in the movie Talladega Nights as a race car driver. But when it comes to innovation, if you ain’t first, you’re probably better off. It can be…
What you will be insuring in 10 years (hint: not so much auto)
May 27, 2019 by Adam MalikExpect to write less auto coverage with the rise of autonomous vehicles in 10 years’ time, and more coverage related to climate change, property lines, and emerging risks. Thanks to the progress expected of autonomous vehicles, auto insurance will plateau,…
Where wildfire and flood risk is higher this summer
May 27, 2019 David Friend - THE CANADIAN PRESSThe weather this summer could be starkly different across the country, according to the latest long range forecast from The Weather Network. Chief meteorologist Chris Scott predicts the wet weather that Ontario and Quebec have experienced in May will continue…
Paid 3 Ways Small Businesses Can Stay Compliant Under Federal Privacy Laws
May 27, 2019 David Smagata, DASHow can small businesses stay compliant under PIPEDA? The Office of the Privacy Commissioner of Canada has published various online resources for both individuals and businesses to help better understand their obligations under the Personal Information Protection and Electronic Document…
Almost 3,800 businesses in three regions at risk from flooding: StatCan
May 24, 2019 THE CANADIAN PRESSOTTAWA – Statistics Canada says almost 3,800 business locations were at risk of being affected by spring flooding in three of the hardest hit regions of the country. About 1,500 were potentially affected as of the end of April in…
New cyber insurance platform offers quotes using single piece of data
May 23, 2019 by Jason ContantWhile online quote and bind systems have historically been cumbersome, one specialist insurer will soon offer a cyber insurance platform with single-question quoting capabilities. Using a single piece of client data, brokers will be able generate a cyber insurance quote…
These risks call for better models
May 22, 2019 by Greg MeckbachCommercial clients need better tools to help risk managers predict their financial exposure to climate change and geopolitical factors, Canadian risk managers say. The risk from climate change “will be pervasive and have a massive impact and it’s something that…
Huawei a small part of an ‘insurmountably hard problem’ of cybersecurity
May 22, 2019 by Greg MeckbachThe controversy over telecommunications equipment from Chinese manufacturer Huawei is just the tip of a large cyber risk iceberg, an Internet security expert warns. “The question is, should we trust the country in which the company whose products and services…
Insurtech launches exclusive line of insurance
May 22, 2019 by Jason ContantAn insurtech that positions itself as the first Canadian company to specialize exclusively in tenant insurance has launched after months of research and development. Montreal-based Allset launched last week, using a “matching” algorithm to compare the tenant’s needs to over…