Industry

B.C. report calls for co-ordinated heat alert system to prevent future deaths

VICTORIA – British Columbia is better prepared to withstand a hot weather emergency like that which caused more than 600 deaths last summer, but more must be done to protect people and communities, says the chief medical officer at the BC Coroners Service. A death-panel report released Tuesday provides a road map for the province […]

By Jason Contant | June 8, 2022

3 min read

Industry

How the derecho impacted claims service levels

It’s only natural claims adjusting service levels will drop, given the large number of claims arising from the derecho that struck parts of Ontario and Quebec in May, says the president of the Canadian Independent Adjusters’ Association (CIAA). “Things like this derecho unfortunately create such a significant number of claims that service levels will fall […]

By Jason Contant | June 7, 2022

4 min read

Industry

Flood watches remain in parts of B.C.

VANCOUVER – Emergency officials say as many as 20 buildings are flooded in three northwestern British Columbia communities. But a break in the weather has slowed rising waterways across the region. The Regional District of Kitimat-Stikine ordered the evacuation of the Terrace-area communities of Old Remo, New Remo and Usk on Sunday. It also declared […]

By Jason Contant | June 7, 2022

1 min read

Industry

Facility’s new approach to prevent truckers from “gaming the system”

Nova Scotia has approved Facility Association’s approach to rating commercial auto in a way that trucking operators cannot “game the system” and get Nova Scotia’s lower premium rates when they drive more extensively in other Canadian provinces. Essentially, a “surcharge matrix” will be used to rate trucking companies that drive more than 50% outside of […]

By David Gambrill | June 6, 2022

3 min read

Why this province’s approach to adjuster capacity needs to go national

The president of the Canadian Independent Adjusters’ Association (CIAA) is hoping other provinces take note of how Ontario’s insurance regulator has approached adjuster capacity and licensing issues following the May 21 derecho that struck Ontario and Quebec. On May 31, the Financial Services Regulatory Authority of Ontario (FSRA) implemented temporary measures to help insurers process […]

3 min read

Why brokers should check their older non-compete agreements

Ontario courts will declare older non-competition clauses unenforceable if they are unreasonable between the parties due to ambiguity or because the scope of prohibited activities is overly broad, two lawyers write in an analysis of Court of Appeal for Ontario decision. In December 2021, the province’s Working for Workers Act came into force, prohibiting employers […]

4 min read

Auto sales fall 8.5% in May from a year earlier as supply challenges persists

TORONTO – DesRosiers Automotive Consultants (DAC) says Canadian auto sales were down 8.5 per cent in May compared with a year earlier as supply challenges persist. The consultancy estimates 140,725 new light vehicles were sold in the month, in line with sales for the previous two months. May has historically been the top sales month […]

1 min read

Meet NFP’s new head of Canadian national broking

Emily Horsman has joined NFP Corp., a large national brokerage, as head of Canadian national broking. The appointment is a result of NFP’s growing P&C business in Canada, the company announced Thursday. Horsman will lead efforts in building NFP’s national broking platform in Canada alongside Canadian broking and business line leaders and underwriting partners. She will […]

2 min read

Bank of Canada raises key rate by half a point amid stubbornly high inflation

OTTAWA – In an unprecedented move, the Bank of Canada has announced a major increase to its key interest rate for the second time in two months as it forecasts higher consumer prices to come this year. The central bank increased its policy rate by half a percentage point to 1.5 per cent Wednesday and […]

3 min read

How Consumers Can Be in the Driver’s Seat When It Comes to their Auto Insurance

With warmer weather, many of us are thinking of spending more time outdoors, and for some this includes taking a cross country road trip. We’ve noticed that driving activity has been returning to pre-pandemic levels, and with inflation and gas prices at their highest levels in decades, we know Canadians are looking for more ways […]

June 1, 2022

3 min read