Industry

School bus collision near Montreal sends 25 kids to hospital

MONTREAL – There were no serious injuries after two school buses collided and caught fire Tuesday on a highway north of Montreal. About 25 of the roughly 50 children aboard the two buses were taken to hospital by paramedics as a preventive measure. Quebec provincial police say three vehicles – the two buses and a […]

By Greg Meckbach | July 25, 2019

1 min read

Industry

Auto reform update: Fasten your seatbelts

Fasten your seatbelts, everyone, because the rate of auto reform is going to resemble a low-speed chase through a turbulent market cycle. Even if auto reform packages were to be introduced in every single legislative assembly across the land today, it would take up to two years to reap the benefits, Insurance Bureau of Canada […]

By David Gambrill | July 24, 2019

3 min read

Industry

Artists’ work reduced to ash after fire destroys shared Winnipeg studio

WINNIPEG – Shawna Dempsey did not believe it when she received a text saying a warehouse used by more than two dozen artists as a studio space had gone up in flames. Dempsey asked if it was a joke. The reply shook her to her core. “Our studio is gone. There’s nothing left,” it said. […]

By Greg Meckbach | July 24, 2019

3 min read

Industry

Claimant loses appeal over whether Ontario court can hear bad-faith claim

When the Ontario government moved accident benefits dispute resolution to the Licence Appeal Tribunal in 2016, it did not intend for two similar issues in a disputed claim to be adjudicated both in court and before the LAT, the Court of Appeal for Ontario suggests. The ruling in Stegenga v. Economical Mutual Insurance Company, released […]

By Greg Meckbach | July 24, 2019

3 min read

Are you cross-selling enough?

Cross-selling is a huge untapped potential for insurers, particularly since consumers overwhelmingly want a single insurer to meet all of their policy needs, according to a new survey. Insurers frequently contact their customers, though rarely for cross-selling. In Canada only 4-5% of survey respondents said their insurer contacted them regarding additional coverage, even though about […]

2 min read

Why are a growing number of trucking fleets winding up in Facility Association?

Editor’s Note: This article is reprinted with permission from Truck News A national review by Facility Association, an insurer of last resort for fleets that can’t secure coverage elsewhere, is looking to keep trucking companies from misrepresenting themselves when negotiating insurance premiums. The Ontario Trucking Association (OTA) and selected insurers began to shine a […]

3 min read

How Alberta’s current tornado season compares to past years

EDMONTON – Alberta storm chaser Chris Kiernan has hardly had a moment’s rest since the start of the tornado season last month. “This season has been quite more active,” said Kiernan, who is based out of Beaumont, Alta., about 30 kilometres south of Edmonton. “In the last two weeks, I have been out for the […]

3 min read

Fairfax replaces Allied World CEO

Scott Carmilani, until recently CEO of Allied World Assurance Company Holdings GmbH, has a new role with Fairfax Insurance Group, Toronto-based Fairfax Financial Holdings Ltd. announced last week. Fairfax owns about two-thirds of Zug, Switzerland-based Allied World. Replacing Carmilani as CEO of Allied World is Lou Iglesias, previously president of Allied World, which writes reinsurance and […]

2 min read

Here’s why insurance for social media influencers is growing

Media personality Kylie Jenner caused a stir last year when she asked on Twitter if anybody still uses messaging app Snapchat. “She’s obviously such a strong [social media] influencer that I think it was alleged that she single-handedly wrote $1.3 billion off Snapchat’s market value overnight,” said Nathan Rose, senior underwriter and business development specialist […]

3 min read

Where to find travel coverage for thrill-seekers and pre-existing conditions

CAA Travel Insurance has introduced two new endorsements for thrill-seekers and travellers with pre-existing conditions. The products, an Adventurous Air Activities Rider and a Seven-Day Pre-Existing Condition Rider, include coverage that is not typically available in standard travel insurance policies, said a press release from CAA South Central Ontario (CAA SCO). The endorsements will be […]

2 min read