Industry
Business interruption outranked cyber incidents as top concerns for Canadian businesses, brokers and trade organizations, according to a new report from Allianz Global Corporate & Specialty. Globally, however, it’s the other way around. When the annual Allianz Risk Barometer, which identifies major business risks for the upcoming year, asked Canadian respondents to pick their top […]
By Adam Malik | January 14, 2020
3 min read
As we all know, climate change is one of the most prominent topics in the news – so much so that it is being touted as a major deciding factor for Canadian politicians in the upcoming federal election. But, what does this mean for businesses? Where this becomes an interesting topic is the implications it […]
By Ad Ops | January 14, 2020
2 min read
Alberta’s Automobile Insurance Rate Board (AIRB) has approved rate increases for more than 20 insurers in Q4 2019, ranging from less than 1% to nearly 30% for basic coverage for private passenger vehicles. The rate hike was about 10% on average. Over 92% of the private passenger vehicle market submitted filings for a rate change […]
By Jason Contant | January 13, 2020
Pat Durepos and his daughter Renee Durepos are leaving Keal Technology, the broker management system vendor announced Friday. Dimitrios Argitis has joined Keal Technology as vice president and general manager “to lead Keal’s next phase of growth and roll out new solutions to the Canadian market,” Keal said in a press release. As such, Argitis […]
By Greg Meckbach | January 10, 2020
An insurer-based model for new home warranty was under consideration in Ontario but the current government is maintaining the status quo. “Our government has been looking at the feasibility of a private insurance model for new home warranties and protections in Ontario,” the press secretary for government and consumer services minister Lisa Thompson told Canadian […]
By Greg Meckbach | January 6, 2020
4 min read
A man trying — and failing — to clamber into his employer’s car to avoid another vehicle that was backing up into him was in fact the “occupant” of the car into which he attempted to jump, the Court of Appeal of Newfoundland and Labrador has ruled. As a result of the ruling, the insurer […]
By David Gambrill | December 31, 2019
In late September, hundreds of thousands of Canadians took to the streets across the country to demand more from their governments on climate change. It was one of the largest mass protests in Canadian history, adding maple flavours to an international climate strike movement founded around Swedish teenager Greta Thunberg. It was also a sign, […]
Thanks to climate change, so-called “secondary perils” are a least as threatening to global property and casualty insurers as primary perils such as earthquakes or hurricanes, according to the latest sigma study published by Swiss Re. Secondary perils are typically more frequent than primary perils and are not modeled; they can be the spin-off effect […]
Author Terry Pratchett once said: “If you do not know where you come from, then you don’t know where you are. And if you don’t know where you are, then you don’t know where you’re going. And if you don’t know where you’re going, you’re probably going wrong.” In the spirit of showing where Canada’s […]
The Insurance Corporation of British Columbia apologized for wrongly suggesting a deceased Mountie was liable for the on-duty crash that claimed her life.
By David Gambrill | December 30, 2019
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