Insurers relying merely on co-habitation in the context of a stormy relationship between spouses with a child will have a tough time proving a person doesn’t meet the definition of a “spouse” in an auto policy, as suggested in a recent decision by the Ontario Superior Court of Justice. A rocky relationship featuring a couple […]
By David Gambrill | January 19, 2023
5 min read
Insurance Corporation of British Columbia (ICBC) president and CEO Nicolas Jiminez will be leaving his post on Feb. 3 to become president and CEO of BC Ferries, ICBC announced Tuesday. ICBC’s board of directors made the announcement in a press release on Tuesday. The board appointed chief financial officer, Phil Leong, as interim president and […]
By Jason Contant | January 18, 2023
2 min read
OTTAWA – Canada’s annual inflation rate slowed last month but economists are still expecting the Bank of Canada to hike its key interest rate next week. In its latest consumer price index released Tuesday, Statistics Canada said the country’s annual inflation rate slowed to 6.3 per cent in December. The deceleration came as the cost […]
By Jason Contant | January 17, 2023
3 min read
TORONTO – Big bank economists say the surprisingly resilient economy is likely headed for a mild slowdown in the year ahead, but that recent events show how difficult it is to predict the future. Speaking at an Economic Club of Canada panel, Scotiabank chief economist Jean-Francois Perrault said the economy could be headed for the […]
By Jason Contant | January 13, 2023
1 min read
Alberta brokers and insurers believe a New Democratic Party proposal to freeze auto insurance rates won’t solely reduce auto premiums and will instead make it harder for drivers to obtain coverage, auto insurance experts tell Canadian Underwriter. A better solution to reduce auto insurance costs would be through reforms — and by addressing rising costs […]
By Alyssa DiSabatino | January 11, 2023
3 min read
Seven out of ten Canadian small businesses dealt with at least one legal dispute in the last three years – a staggering 230% increase since we last checked back in 2015. This is one of many insights gained from our most recent study with nearly 1,000 small business owners across Canada, our objective being to […]
January 10, 2023
3 min read
A man falling from the roof of his insured camper trailer while doing a pre-trip inspection counts as an auto accident, Ontario’s Superior Court found. Tuesday’s court ruling overturned a decision by Ontario’s Licence Appeal Tribunal, which found the man’s resultant brain injury must have arisen from some kind of physical contact with the trailer […]
By David Gambrill | January 6, 2023
3 min read
Tom Simoncic has been appointed as president of Sedgwick’s property and international business. Simoncic joined Sedgwick through acquisition. He is currently president of property for the Americas for the last seven years and is responsible for servicing clients in Canada as well as the U.S. and Latin America. He holds over 30 years of industry […]
By Alyssa DiSabatino | January 4, 2023
1 min read
TORONTO – Small business owners have a slightly better outlook on the year ahead than a month ago but their short-term outlook has worsened, the latest survey results from the Canadian Federation of Independent Business (CFIB) said. The small business confidence indicator registered 50.9 index points in December, up 0.9 points over November, the group […]
By Jason Contant | January 4, 2023
2 min read
TORONTO – A global ransomware operator issued an apology and offered to unlock the data targeted in a ransomware attack on Toronto’s Hospital for Sick Children, a move cybersecurity experts say is rare, if not unprecedented, for the infamous group. LockBit, a ransomware group the U.S. Federal Bureau of Investigation has called one of the […]
By Jason Contant | January 3, 2023
5 min read