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VANCOUVER – The Insurance Corporation of British Columbia is resuming on-road testing for commercial licences but drivers waiting for passenger vehicle tests must hold on a little longer. In line with B.C.’s COVID-19 restart plan, the corporation says commercial road tests resume next week and appointments can be booked starting Thursday. The tests are for […]
By Greg Meckbach | June 10, 2020
2 min read
The lack of cyber case law worked against an insurer in the Ontario Superior Court of Justice recently, with the court deciding that The Co-operators has a duty to defend two parties named in a $75-million cyber breach class action lawsuit. The Co-operators had denied a duty to defend on the basis of data exclusions […]
By David Gambrill | June 9, 2020
4 min read
The majority of Canadian motorists surveyed are not satisfied with the financial relief measures offered by their insurers, a recently-released Leger Marketing poll indicates. “What struck me as interesting was that although 52% said they were not satisfied, 40% [of respondents] are not going to shop around,” said Anne Marie Thomas, senior manager of partnerships […]
By Greg Meckbach | June 8, 2020
3 min read
Jennifer Power is the new vice president of Pembridge and Pafco, Allstate Insurance Company of Canada has announced. Power succeeds Bob Tisdale, who announced his retirement last year as president and chief operating officer of Pembridge and Pafco, and vice president of Allstate Insurance Company of Canada. Tisdale’s retirement is effective Aug. 18, 2020. “Jennifer […]
By David Gambrill | June 8, 2020
Cybersecurity has become an afterthought for commercial clients amid the coronavirus pandemic, with companies not implementing enough safeguards for employees working from home, a new report warns. Not only are few companies providing employees with company devices so that they can safely work from home during the coronavirus pandemic, but even fewer are providing employees […]
By Adam Malik | June 5, 2020
EDMONTON – Alberta has introduced legislation that would add hefty fines and penalties for first-time impaired drivers but would not have them face a criminal charge. Justice Minister Doug Schweitzer says the proposed change would reduce backlogs in courts and free up officers to do less paperwork and more police work. “Officers who should be […]
By Greg Meckbach | June 5, 2020
The coronavirus pandemic could end up having a positive effect on the property and casualty insurance industry when it comes to finding new talent. COVID-19, the disease caused by the virus, has had a strong impact on the insurance industry as a whole. But the storyline is not the same across the entire sector. Some […]
By Adam Malik | June 3, 2020
Desjardins has tapped Marilyn Horrick to be its senior vice president of the Ontario market, effective June 8, 2020. “Thrilled to be joining this world-class organization one week today,” Horrick posted on LinkedIn. “Moving into a role that keeps me connected with the insurance community while allowing me to help drive cross-organizational growth, innovation and […]
By David Gambrill | June 3, 2020
1 min read
OTTAWA – The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound. The bank left its target for the overnight rate unchanged at 0.25 per cent, which it has said is as low […]
By Greg Meckbach | June 3, 2020
Marc Lipman, former chief operating officer of American International Group (AIG) Canada, is the new president of Lloyd’s Canada. Lipman (pictured, above) replaces Lisa Duval, who had served as Lloyd’s Canada’s attorney in fact and chief agent, on an interim basis since October 2019. Duval is returning to Lloyd’s International Regulatory Affairs in London, the […]
By Greg Meckbach | June 1, 2020
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