Industry
Broker and insurer leaders in Alberta are speaking out against those who would paint the insurance industry as nefarious actors looking to line their pockets at the expense of auto policyholders. In particular, they dispute what they feel are negative characterizations made by FAIR Alberta, an advocacy group made up of consumers, medical and legal […]
By Adam Malik | July 7, 2020
5 min read
With four new partnerships announced July 6, commercial brokerage Navacord now has offices in Prince Edward Island, Nova Scotia and New Brunswick. “We are now coast to coast,” Navacord executive chairman T. Marshall Sadd said Monday in an interview. Cooke Insurance Group, which has nine offices, is the first Atlantic Canada partner of Navacord, a […]
By Greg Meckbach | July 7, 2020
2 min read
MONTREAL – Quebec’s health minister threatened owners of bars and other venues across the province on Monday, saying he won’t hesitate to shut them down if COVID-19 public health directives are not followed. Describing the scenes at some establishments over the weekend as “unacceptable,” Christian Dube told a news conference that by Thursday, he’ll release […]
4 min read
Staff members who are working from home should stay there for the foreseeable future, one risk leader recommends. Scott Fouts, vice president of risk services at Hub, stated his recommendation during a webinar hosted by Hub, Workplace Safety: Employer Obligations and Best Practices. “If they can still work remote, I highly recommend keeping them remote […]
By Adam Malik | July 6, 2020
3 min read
Brokers placing strata corporation insurance in British Columbia could soon lose their licences and pay thousands in fines if they are found to be paying referral fees to strata property managers. Under a proposed new law, the provincial government is “taking action to end referral fees paid to property managers,” Municipal Affairs and Housing Minister […]
By Greg Meckbach | July 6, 2020
Despite the pandemic-induced economic downturn, an insurtech that promises tenants quotes within minutes started trading this week on the New York Stock Exchange. Shares of Lemonade Inc. rose sharply July 2, closing at US$69.41, more than double the price at which it started trading in its initial public offering (IPO). New York City-based Lemonade uses […]
By Greg Meckbach | July 3, 2020
Brokers who were nimble, ready to change with the times, and acted pro-actively when COVID-19 first emerged as a threat are the ones faring the best three months later, one broker leader says. Those who didn’t are struggling. “Those brokers who were ready to make the transition to, first of all, work remote and be […]
By Adam Malik | July 3, 2020
Small cars may be even more dangerous to drive these days just because they are sharing the road with an increasing number of larger vehicles, which have dominated new auto sales in recent years. The Insurance Institute of Highway Safety (IIHS) calculated driver death rates and found small and mini car models made up 15 […]
By Adam Malik | July 2, 2020
A Supreme Court of Canada decision released Thursday means a construction materials supplier is partly liable for injuries suffered by a motorcyclist who collided with a donkey that escaped from a rural property. In 2009, Amir Youssef was riding his motorcycle along Highway 7 northeast of Toronto when he got into a collision that left […]
By Greg Meckbach | July 2, 2020
Waivers of liability do not necessarily have to be in paper form, but they are not a substitute for having a good risk management program in place, says one lawyer who has defended waivers in court. The question of whether you can enforce waivers in electronic form “has never really been litigated in Canada but […]
By Greg Meckbach | June 30, 2020
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
