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Self-driving vehicles will change the auto liability landscape across Canada and raise data privacy concerns, said an issues paper from Quebec’s financial services regulator, the Autorité des marchés financiers (AMF). The paper identifies five levels within the connected and autonomous vehicle (CAV) spectrum – from full driver control to an entirely autonomous state that requires […]
By Phil | November 11, 2021
2 min read
VICTORIA – The Canadian Coast Guard says it believes that many, if not all, of the 109 containers that fell from a cargo ship off Victoria in late October have sunk. The containers were tossed from the MV Zim Kingston during a storm near the entrance to the Juan de Fuca Strait around the time […]
By Jason Contant | November 11, 2021
1 min read
Specialty managing general agent (MGA) RAISE Underwriting in Toronto announced an agreement to acquire Mississauga-based independent MGA United Surety. The acquisition is scheduled to close January 1, 2022. RAISE CEO Matt Baynton said in a press release Nov. 4, “By combining the expertise of RAISE and United, we will be able to offer our brokers […]
By Phil | November 10, 2021
Foreign entities operating in Canada through a branch will now have to notify the federal regulator of any potential changes to branch management “as well as any circumstances that could negatively impact their suitability,” attendees to a virtual industry event heard recently. “Whereas the prior guideline focused on the role and accountability of the chief […]
By Jason Contant | November 10, 2021
3 min read
British Columbia’s 2021 wildfire season was severe, but it wasn’t the costliest on record from a suppression standpoint, according to a summary report from the BC Wildfire Service. Between April 1 and Sept. 30, 2021, a total of 1,610 wildfires burned 868,203 hectares in B.C. The total cost of wildfire suppression during this time was […]
By Jason Contant | November 9, 2021
The ‘S’ pillar of environmental, social, and governance (ESG) practices should be an increasingly important area of focus for D&O insurers, a specialist insurance provider said recently. While ESG is clearly a hot topic, the environmental and governance pillars have traditionally been focal points. But the social pillar should be of importance for insurers writing […]
4 min read
Toronto’s public transit authority says it now believes the personal information of up to 25,000 employees, former transit workers and pensioners was stolen in a ransomware attack last month. Names, addresses and social insurance numbers were taken, said the Toronto Transit Commission, which operates the city’s bus, subway, streetcar and paratransit services. There is no […]
Jeff Edge, president of Leading Edge Claims Services Inc. in Fonthill, Ont., is the new president of the Canadian Independent Adjusters’ Association (CIAA). He is the 37th president of the association, which represents more than 1,800 independent adjusters across Canada. “I am honoured by the membership’s support and confidence,” Edge said during CIAA’s virtual annual […]
By Phil | November 8, 2021
Brokers have adapted well to the unprecedented challenges posed by the worst global pandemic in more than a century, on top of a hard insurance market, according to the Trusted Advisor 2021 survey by Canadian Underwriter. Brokers are “a very resilient group,” said Danish Yusuf, founder and CEO of Zensurance Inc. in Toronto. Rodney Munro, […]
Two large Canadian property and casualty brokerages — Navacord and Westland Insurance — continue to grow with the announcement of their latest acquisitions in Ontario and Manitoba. On Thursday, commercial brokerage Navacord Corp. said it added Ontario-based brokerages Ives Insurance Brokers Ltd. and Northern Insurance Brokers to its ranks. “Representing Navacord’s largest partnerships in Ontario […]
By Jason Contant | November 5, 2021
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