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Less than one-quarter of Canadian businesses have trade credit insurance, which protects their receivables against buyer default and bankruptcies, but Intact Insurance predicts that market penetration is likely to change as the pace and size of interest rate hikes could drive advanced economies like Canada into a recession. “There are no official numbers, but I […]
By Phil | September 16, 2022
3 min read
The Canadian P&C industry hasn’t done a great job of service, says one industry CEO in an executive panel discussion at RIMS Canada Conference in Halifax. What’s the good news? The industry can meet and maintain service levels through collaborative effort and technological advances. “Let’s be honest, this industry hasn’t done a great job […]
By Alyssa DiSabatino | September 16, 2022
2 min read
JASPER, ALBERTA – Parks Canada welcomed visitors back to Jasper National Park Wednesday after power was restored to the townsite that was knocked out by a wildfire north of the community earlier this month. “With the restoration of transmission power to the townsite of Jasper and outlying areas including Whistlers Campground, Parks Canada is welcoming […]
By Jason Contant | September 15, 2022
By Amy Janzwood, SSHRC Postdoctoral Fellow, Department of Political Science, University of British Columbia and Heather Millar, Assistant Professor, Department of Political Science, University of New Brunswick – THE CONVERSATION This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available […]
By Jason Contant | September 14, 2022
5 min read
OTTAWA – A broad coalition on climate adaptation and disaster resilience says air conditioning should become a human right on par with winter heating – one of a series of hard targets it says Canada needs to meet in the next few years as climate change impacts increase. “We’re focusing on the immediate term,” said […]
By Jason Contant | September 13, 2022
In the midst of geopolitical volatility, a changing climate, inflationary pressures, emerging energy products and more, the best thing risk committees can do is build integrated models of risk, says Janice Gross Stein, founding director of the University of Toronto’s Munk School of Global Affairs at the RIMS Canada Conference in Halifax. “Build a single […]
By Alyssa DiSabatino | September 13, 2022
Canada’s dreaded amber light: it’s the source of numerous intersection crashes, resulting in untold insurance claims. If you are dispensing driver safety tips to clients, be sure to tell your insureds to watch out when turning left against yellow caution lights at intersections. Left-turning drivers will more commonly be found at fault for collisions with […]
By David Gambrill | September 12, 2022
Air quality has improved slightly over Metro Vancouver but remains at very unhealthy levels in several other regions as wildfire smoke blankets large sections of British Columbia. Environment Canada is maintaining air quality statements for areas from the Peace River in the northeast to the Cariboo in central B.C., and the entire lower third of […]
By Jason Contant | September 12, 2022
If a long-predicted recession comes to pass, brokers will need to stay close to their clients’ changing needs. But in some ways, commercial insurance brokers have gained an advantage from the discipline developed while navigating their clients through COVID-19. Those same skill sets will get them through inflation and the threat of a looming economic […]
By Phil | September 9, 2022
In a commercial hull and machinery insurance policy containing cross-indemnities, a promise to insure by one party trumps the indemnity by the other unless the contract clearly states otherwise, B.C.’s Supreme Court has ruled in a case involving two separate incidents of tug boats running barges aground. In Lehigh Hanson Materials Limited v Sea Imp […]
By David Gambrill | September 8, 2022
4 min read
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