Claims

B.C. brokerage fined $20,000 for flouting rules for entry-level brokers

Park Georgia Insurance Agencies, a full-service brokerage in B.C., has been fined $20,000 for allowing 36 of its Level 1 general insurance agents to sell insurance outside of the brokerage on a full-commission basis and without supervision, contrary to the rules for entry-level brokers. The nominee of the brokerage, Churk Yin Winnie Lo, was fined […]

By David Gambrill | November 29, 2018

2 min read

Auto insurers’ bitter costs dispute draws rebuke from judge

A bitter cost dispute between two auto insurers over an abandoned court action has led to a rebuke from a judge, who ordered Wawanesa to pay Dominion its legal fees. In doing so, Ontario Superior Court Justice Darla A. Wilson slashed Dominion’s fees, which were calculated at 107.6 hours’ worth of work for a lawyer […]

By David Gambrill | November 29, 2018

3 min read

Two charged in 2016 ransomware attack that hit University of Calgary

CALGARY – The FBI says it has charged two men in Iran as part of an investigation into cyberattacks that targeted the University of Calgary and computer networks in the United States. The university paid a ransom of $20,000 after the 2016 attack to preserve an option to restore critical research data. The FBI says […]

By Jason Contant | November 29, 2018

2 min read

What you need to know about gap insurance

About 85 per cent of new car buyers will use some sort of financing to pay for their vehicle, according to credit reporting company Experian. If you’re such a buyer, you can expect that during your purchase a car dealership will try to sell you gap insurance. Gap insurance makes up the difference between what […]

By Greg Meckbach | November 28, 2018

4 min read