Definity Financial Corporation has launched a usage-based insurance (UBI) product it describes as the first-ever to offer quarterly price adjustments based on recent driving scores. “We wanted to make sure drivers were able to benefit quickly from their safe driving habits, and we believe that quarterly price adjustments help incentivize good driving behaviours,” Paul MacDonald, […]
By Jason Contant | September 14, 2023
3 min read
EDMONTON – Most Albertans would support some kind of national cap on carbon emissions from the oil and gas sector, two new polls suggest. The polls, conducted by different polling firms at the same time with the same questions, come after Alberta Premier Danielle Smith warned Ottawa last month not to test the “resolve” of […]
By Jason Contant | September 14, 2023
3 min read
After several years of a hard market, P&C industry executives report a plateau of price increases in directors and officers (D&O) lines. As fears of pandemic-fuelled losses fade, D&O lines are becoming more profitable and that’s leading to some increased competition among players. Still, D&O market competition depends to some extent on whether a company […]
By Phil | September 13, 2023
3 min read
Officials with the British Columbia government and the City of Merritt were aware of significant problems with dikes for several years before a series of atmospheric rivers flooded the community, documents released through a freedom of information request show. The documents obtained by the B.C. office of the Canadian Centre for Policy Alternatives show a […]
By Jason Contant | September 13, 2023
5 min read
Ontario’s financial services regulator has suspended or revoked the licences of 170 health service providers (HSPs) who failed to comply with their annual business reporting obligations. A total of 118 HSP licences were revoked and 52 were suspended, the Financial Services Authority of Ontario (FSRA) reported Tuesday. “In 2023, FSRA took action against health service […]
By Jason Contant | September 12, 2023
3 min read
VANCOUVER – The latest evacuation order issued due to a wildfire in British Columbia covers a rural area north of Prince George in a region straddling the boundaries of two regional governments. The regional districts of Fraser-Fort George and Bulkley-Nechako issued the order Monday night as the 10-square kilometre Ocock Lake blaze moves toward properties […]
By Jason Contant | September 12, 2023
1 min read
It’s increasingly likely Hurricane Lee will make landfall in Atlantic Canada this weekend as either a strong tropical storm or a weak Category 1 hurricane. The Canadian Hurricane Centre and AccuWeather report they are increasingly confident Hurricane Lee will hit the Maritimes, even though the exact track remains uncertain. “We expect Lee’s circulation to broaden […]
By David Gambrill | September 12, 2023
3 min read
Although electric vehicles in Canada cost an average of $1,328 more to repair than vehicles with internal combustion engines (ICE), EVs are less likely to be written off as a total loss, says a Mitchell report. The cost of the average EV repair in Canada increased from about $5,500 in 2020 Q1 to about $6,000 […]
By David Gambrill | September 11, 2023
3 min read
VANCOUVER – British Columbia Premier David Eby says he’s launching an expert task force into wildfires, drought and heat emergencies that have hammered the province. Eby, who’s in the B.C. Interior touring wildfire zones, says the province is still focused on the fire battle, but it also needs to improve prevention and response measures. That’s […]
By Jason Contant | September 11, 2023
3 min read
HALIFAX – Nova Scotia’s housing minister says any request for the province to buy homes damaged in a Halifax suburb in flooding last July would have to come from the municipality. John Lohr says while he’s not prepared to say yes or no to the idea, he would consider a request if it’s thought necessary […]
By Jason Contant | September 8, 2023
1 min read