Industry
High loss ratios are creating a cascading series of negative effects and its time to do something about it, says one insurance professional. One way is to loosen the tight grip of regulation around auto insurance, said Justin Thouin, co-founder and chief executive officer at LowestRates.ca. It’s clear the industry is suffering and insurance companies […]
By Adam Malik | August 6, 2019
2 min read
VANCOUVER – A wildfire discovered Sunday evening north of Oliver, B.C., in the district of Okanagan-Similkameen has prompted an evacuation alert for several properties and the Osoyoos Indian Band. The regional district is advising residents to take proactive measures to prepare for an evacuation order in case the blaze, dubbed the Eagle Bluff fire, grows. […]
By Greg Meckbach | August 6, 2019
Peter Weightman, head of Intact’s specialty unit, shows how the company’s 2017 acquisition of OneBeacon created opportunities in the U.S. for Canadian brokers.
By David Gambrill, Editor-in-Chief | August 2, 2019
4 min read
A “file-and-use” system for private passenger auto rate changes could be coming to Ontario if a proposal from the province’s Financial Services Regulatory Authority comes to fruition. “We are close to introducing a new standard rate filing process that will operate on a ‘file and use’ basis,” wrote Tim Bzowey, FSRA’s executive vice president of […]
By Greg Meckbach | August 2, 2019
3 min read
While cleaning roof gutters is often touted as a flood risk mitigation measure, it can also address wildfire risk. Commercial clients in areas at risk of wildfire need to remove all tree droppings from roofs – and that includes the gutters, said Scott Steinmetz, global head of risk control, MidCorp at Allianz Global Corporate & […]
A lack of oxygen likely played a role in a plane crash southwest of Calgary that killed two people, an investigation by the Transportation Safety Board of Canada found. The board said in a report released Thursday that hypoxia, or in-flight oxygen deprivation, caused the pilot to lose control before the plane crashed into rugged […]
Hit TV show Love Island has not been so lovely to its U.K. contestants lately, raising interesting questions about how insurance covers a new breed of reality television. Love Island, which recently started showing in Canada, sends young and eligible single contestants to exotic locations where they hope to find love. In the process, contestants […]
By David Gambrill | August 1, 2019
Brokers can expect to see insurers representing nearly a fifth of the Canadian P&C market to be bought and sold, the head of Canada’s largest carrier suggested Wednesday. “We laid out the perspective seven or eight years ago that 20 to 30 [percentage] points of market share will change hands and more than half of […]
By Greg Meckbach | August 1, 2019
Corporate boards in Canada face different exposures today than they did in the past. How has D&O insurance changed to help boards face these new challenges?
By Jeff Buckstein | August 1, 2019
7 min read
MONTREAL – Environment Canada has confirmed it was indeed a tornado that roared through the Lac-aux-Sables area west of Quebec City on Tuesday, sending camper vans flying, uprooting trees and sending three people to hospital. Meteorologist Andre Cantin said the team on site Wednesday concluded the area had been hit by an EF1 tornado, which […]
By Jason Contant | August 1, 2019
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