Industry
TORONTO – A woman who rented a minivan is on the hook for thousands of dollars after her son, who had a suspended licence, got behind the wheel and crashed, an Ontario judge has ruled. The Superior Court ruled that Tricia Richards must cover the costs of replacing the vehicle – said to be a […]
By Greg Meckbach | September 12, 2019
2 min read
The launch of Canadian National Insurance Crime Services [CANATICS] was a good move in the fight against auto claims fraud, but Canada is still at a disadvantage to other countries, a former police detective and senior Aviva claims executive said Wednesday. “It’s a great start,” Gordon Rasbach said of CANATICS during a panel discussion at […]
Quebec’s eighth largest property and casualty insurer has a new president. François Blais is now president of Industrial Alliance Auto and Home Insurance and Prysm General Insurance, parent company iA Financial Corporation Inc. announced Tuesday. Blais, who joined Industrial Alliance in 2004, was already chief operating officer of Quebec City-based iA Auto and Home and […]
By Greg Meckbach | September 10, 2019
The global economy now has less capacity to absorb a shock than it did in 2007 (pre-global recession), but Canada is faring well – it is the second-most economic resilient country in world, according to the Swiss Re Institute. In 2018, Switzerland was the most resilient, followed by Canada and then the United States, according […]
By Jason Contant | September 10, 2019
VANCOUVER – Ride-hailing company Kater Technologies says it has officially applied for a licence that would allow it to operate in every region of British Columbia. A statement from the company says B.C. is one of the last areas of North America without ride-hailing and the province now has an opportunity to introduce the service […]
For your Ontario auto clients, distracted driving convictions carry a greater risk of higher rates on renewal. “Now that distracted driving is with many carriers a major conviction, I think we can translate that for brokers [so] that they quickly understand what that is going to mean for customers when they get their renewal,” said […]
By Greg Meckbach | September 6, 2019
3 min read
A large Canadian manufacturing multinational has lost a legal battle, although not necessarily the war, with Chubb Insurance Company of Canada over a marine coverage dispute. It started in 2013 when Cambridge, Ont.-based ATS Automation Tooling Systems Inc. sold machinery to Dr. Reddy’s Laboratories Ltd. in India. ATS’s subsidiary, IWK (Thailand) Ltd., shipped a tube-filling […]
By Greg Meckbach | September 4, 2019
Hurricane Dorian is tracking to hit Atlantic Canada as a post-tropical storm Sunday, about a week after post-tropical storm Erin inflicted heavy rainfall over southwestern Nova Scotia. “When post-tropical storm Erin recently travelled through the Atlantic region, we didn’t see a significant spike in claims activity, largely due to the reduced severity and path of […]
By David Gambrill | September 3, 2019
Christine Maligec, 2019 RIMS Canada Conference Co-Chair, talks about the shifting environment for risk managers and how they can adapt in the future.
By David Gambrill, Editor-in-Chief | September 2, 2019
5 min read
Although regulation is one significant factor in the current hardening market conditions, that doesn’t mean the insurance industry should cry “woe is me” and wait for things to get better on their own. Instead, a pro-active approach is needed, experts say. Some things the industry can’t control, such as the increased costs to fix newer […]
By Adam Malik | August 30, 2019
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.
