Industry

Class-action lawsuit filed on behalf of passengers in fatal Alberta bus crash

CALGARY – A class-action lawsuit alleging the defendants acted recklessly and unreasonably has been filed against the operators of a tour bus involved in a fatal rollover at Jasper National Park’s Columbia Icefield. Three people were killed and 14 others suffered life-threatening injuries on July 18 when the red-and-white, all-terrain Ice Explorer lost control while […]

By Jason Contant | August 25, 2020

4 min read

How possible is a hybrid insurance model for the sharing economy?

Being able to distinguish between personal and commercial usage is one of the biggest unique differences with underwriting for the sharing economy, but the abundance of data available makes a hybrid insurance model possible, Economical Insurance said recently. “You can use that data to easily de-mark what is commercial and what is personal, but that […]

By Jason Contant | August 24, 2020

3 min read

How the public currently views the insurance industry

After a sharp drop, people are starting to feel a bit more positive towards the insurance industry. As the COVID-19 pandemic grew, the insurance industry’s image as a whole suffered. But, says a recent report, things are trending upwards once again, albeit slightly. “Extremely negative” news coverage around the insurance industry — from travel insurance […]

By Adam Malik | August 24, 2020

3 min read

Where personal lines brokers say they fare better than commercial brokers

When renewing a client’s policy, personal lines brokers rated themselves as more successful in finding the right coverage for the right price than did commercial lines brokers, according to Canadian Underwriter’s latest Trusted Advisor Survey. In Part 2 of our Trusted Advisor series, we asked Canadian P&C insurance brokers to rate themselves on dimensions related […]

By Adam Malik | August 24, 2020

2 min read