The high cost of auto insurance isn’t a mystery to brokers. But it’s as clear as mud to consumers. “When it costs more to buy the new iPhone than it does your auto policy, we’re in a problematic situation,” said Martin Ross, director of broker relationships at SGI Canada, at the Young Brokers Conference in […]
By Alyssa DiSabatino | June 19, 2024
3 min read
More than four years since the start of lockdowns meant to stem the spread of COVID-19, Canadian courts continue to hear cases from businesses saying those restrictions damaged their operations. And, much as was seen during the initial adjudications of those claims, the legal actions continue to be dismissed. Such was the case in a […]
By Phil | June 19, 2024
2 min read
HALIFAX – A rural municipality on Nova Scotia’s South Shore has become the first to pass its own coastal protection regulations after the province abandoned its legislation earlier this year. The Municipality of the District of Lunenburg voted for the measures Tuesday, completing a process that began in April 2023. In a news release, Mayor […]
By Jason Contant | June 19, 2024
1 min read
Canadian and American companies experiencing a cyber extortion event hit record numbers and unprecedented ransom demands in 2023, according to a report released last week by global brokerage Marsh. But despite cybercriminals growing bolder in their ransom demands, an increasing number of companies are refusing to pay, according to the June 11 report, Ransomware: A […]
By Jason Contant | June 19, 2024
3 min read
Know your customer. For five years running, that simple technique, and the effort behind it, has been consistently ranked as effective by 80-plus per cent of Canadian Underwriter’s National Broker Survey respondents. When asked which practices have benefitted brokers’ ability to serve clients over the past 24 months, 82% of respondents to 2024’s survey chose […]
By Phil | June 18, 2024
2 min read
Alberta Premier Danielle Smith said public auto insurance is not in the running as a long-term auto reform option. That’s despite a recent Oliver Wyman report that found a public auto model would lead to the lowest premiums for Albertans. The findings have been contested by industry representatives. “I can tell you the sticker shock […]
By Alyssa DiSabatino | June 18, 2024
2 min read
FORT GOOD HOPE, NWT – A wildfire that forced the evacuation of Fort Good Hope in the Northwest Territories continues to grow but has not destroyed any structures. Fire officials say the blaze has expanded significantly in size from Monday’s report of 13 square kilometres. But the weather forecast is favouring fire crews, with cloudy […]
By Jason Contant | June 18, 2024
1 min read
Extreme heat is the main driver behind several climate-related perils now damaging Canadians’ properties, and things are shaping up to get worse by 2050-80, says a representative of Intact Centre. “I’m going to spend a little bit of time talking about heat today, because heat is essentially the driver for all other weather-related catastrophes,” Caroline […]
By David Gambrill | June 17, 2024
3 min read
CALGARY – The City of Calgary declared a state of local emergency over the city’s constrained water supply on Saturday, a day after officials revealed that work to repair a burst water main is expected to take three to five weeks longer than initially expected. Calgary Mayor Jyoti Gondek said she signed the paperwork to […]
By Jason Contant | June 17, 2024
4 min read
TORONTO – Canada’s largest public school board says it is working with police to assess the impact of a recent cyberattack, but its main system remains operational and has not been affected. In a letter to parents, the Toronto District School Board says an unauthorized party gained access to its technology testing environment, which is […]
By Jason Contant | June 14, 2024
1 min read