Shortages of auto repair techs and specialized parts for newer cars are combining to drag out repair times for personal auto clients. That’s causing delays for insurers looking to close out auto accident claims, plus it’s keeping more drivers in rentals for long periods while waiting for their claims to be resolved. But there are […]
By Phil | May 13, 2024
2 min read
Canada’s largest insurer is calling the actuarial analysis contained in an Alberta government-commissioned report on auto reform “deeply flawed,” aligning the company with concerns raised by Insurance Bureau of Canada (IBC). The Oliver Wyman actuarial report concluded a British Columbia or Manitoba-style public auto insurance regime would lead to more significant premium savings for Alberta […]
By Jason Contant | May 10, 2024
4 min read
A cyclist who took action against an insurer, rather than the driver of the motor vehicle involved in an accident, recently saw his case dismissed. The small claims dispute before British Columbia’s Civil Resolution Tribunal (CRT) noted that on October 26, 2022, Sean Daniel Murphy rode his bicycle from a sidewalk across a private parking […]
By Phil | May 10, 2024
3 min read
Colorado State University (CSU) are warning of an “extremely active” 2024 hurricane season, predicting a record number of 11 hurricanes, with five of them potentially being “major” (Category 3-5, with sustained winds of 180 km/h or higher). CSU researchers say there’s 62% chance a major hurricane could make landfall at any point somewhere along the […]
By David Gambrill | May 9, 2024
3 min read
British Columbia Premier David Eby said late Wednesday that the province had identified “sophisticated cybersecurity incidents” involving government networks. A government source later said the incidents were related to a directive to all provincial employees early last week that they should immediately change their passwords. That directive had previously been described by B.C.’s Office of […]
By Jason Contant | May 9, 2024
2 min read
Parts of Canada are seeing a significantly higher number of ‘holdover fires’ than the average amount, although the 2024 wildfire season as a whole will likely not result in as many hectares burned as last year, a fire research analyst said during a recent webinar. 2023 was a record fire season, with more than 18 […]
By Jason Contant | May 9, 2024
2 min read
Intact Financial Corporation (IFC) subsidiary BrokerLink “remains well on track to achieve its ambition of $5 billion in annual premiums by 2025,” IFC CEO Charles Brindamour said during the insurer’s 2024 Q1 earnings call Wednesday. In 2023, BrokerLink surpassed $3.5 billion in direct premiums written (DPW). BrokerLink president Joe D’Annunzio told Canadian Underwriter last month […]
By Jason Contant | May 8, 2024
3 min read
Reports of wood-framed roof collapses, ranging from simple agricultural roofs to complex roofs in industrial buildings, are frequent in North America. These collapses often are caused, or contributed to, by controllable factors like lack of maintenance, chemical attacks, moisture attacks, or inadequate materials, design or construction. Ignoring Negligent handling of controllable factors can sharply increase […]
By Phil | May 7, 2024
4 min read
How many of us in the Canadian property and casualty insurance industry can relate to the iconic scene of the Toronto Maple Leafs’ star hockey players bickering with each other on the bench during the heat of the battle, en route to a crucial playoff game loss? The business world has its own brand of […]
By David Gambrill | May 7, 2024
4 min read
Entering the murky world of e-bike regulation, B.C.’s government has introduced new rules governing the use of e-bikes. “The Motor Assisted Cycle (E-Bike) Regulation came into force on Apr. 5, 2024, and repeals the previous 2002 regulation, which was confusing and led to a number of e-bike users being convicted of offences under the Motor […]
By David Gambrill | May 6, 2024
3 min read