FREDERICTON – New Brunswick says it will be ready for cannabis sales when they become legal in October – but the delay from the original July startup will cost the province millions of dollars in revenue. Finance Minister Cathy Rogers says all 20 Cannabis NB locations will be open on Oct. 17 and staff will […]
By Jason Contant | June 29, 2018
1 min read
La Caisse de dépôt et placement du Québec (CDPQ), a Quebec pension fund manager, has acquired a 20 per cent minority interest in BFL Canada, one of the largest commercial insurance brokers in Canada. The investment will help BFL Canada, with a business of more than $1 billion in premium, implement its succession plan and […]
By David Gambrill | June 28, 2018
2 min read
OTTAWA – The Supreme Court of Canada has ruled against the City of Montreal in a case involving rioters who damaged police vehicles after a 2008 Montreal Canadiens victory. Several police cars were set ablaze and some were destroyed in a riot after the Canadiens eliminated the Boston Bruins from the first round of the […]
By Jason Contant | June 12, 2018
2 min read
Should Canada’s rules on railway insurance be changed? If your answer is yes, contact the Canadian Transportation Agency (CTA) within the next four months explaining why. CTA, which has the power to issue and revoke certificates of fitness for federally-regulated railways, announced Thursday it is launching consultations on regulations – including insurance. Federal law requires railway companies […]
By Greg Meckbach | June 7, 2018
2 min read
A mutual insurer in Alberta has partnered with software provider Mutual Concept Computer Group (MCCG) to “own the pace of their transformation.” By incorporating MCCG’s Online Quoting Solution, Mennonite Mutual Insurance Co. (Alberta) Ltd. (MMI) will be able to simplify the quoting process for its sales force, creating efficiencies and allowing the mutual insurer to […]
By Jason Contant | May 23, 2018
2 min read
Ridesharing insurance is again in the spotlight, now that the City of Vancouver has announced it is regulating short-term rentals such as Airbnb, and allowing residents to apply online for a business licence as of April 19. Vancouver City Council approved new regulations last year for short-term rentals of less than 30 days in principal residences […]
By Jason Contant | April 23, 2018
3 min read
The Court of Appeal for Ontario has decided, in a divided ruling, that title insurance coverage would be “nullified” if one title insurer had its way on a claim. In 2014, Karl Nodel agreed to lend a person $1.1 million. They dealt with each other through lawyers. Nodel was planning to secure the loan by […]
By Greg Meckbach | April 17, 2018
3 min read
Gore Mutual Insurance Company announced Wednesday it has hired a former Marsh Canada executive to lead the brokerages owned by Gore, which will now fall under a new subsidiary. The new subsidiary, Insurance Store Inc., will operate three Ontario property and casualty insurance brokerages (Noble, Jamieson-Hilts, and St. Clair) owned by Cambridge, Ont.-based Gore Mutual. […]
By Greg Meckbach | April 12, 2018
2 min read
IT workers in Canada’s property and casualty insurance industry are starting to resemble the legacy systems they are servicing — nearing retirement. Fully one-third of the P&C’s industry’s IT workforce is projected to retire sometime over the next decade, according to a demographic study currently being prepared by the Insurance Institute of Canada. Some high-level […]
By David Gambrill | April 12, 2018
2 min read
Despite the fact that premiums start as low as $15 per month, nearly half of consumers polled by insurance comparison site Kanetix.ca reported that they couldn’t afford renter’s insurance. Last month, Kanetix.ca conducted a Google Survey of 1,000 Canadian renters, of which 485 didn’t have insurance coverage, Kanetix president and CEO Andrew Lo told Canadian […]
By Jason Contant | April 10, 2018
2 min read