Risk
Commercial brokers advising Canadian clients with operations in foreign countries need to understand consumer protection and pollution laws in those countries. “It’s up to a broker to make sure that he or she is well versed in what those countries’ rules and regulations are. You have to be absolutely sure that you are keeping up […]
By Greg Meckbach | October 21, 2018
2 min read
The first day of legalized recreational pot use is now upon us, launching an era in which insurers will ask homeowners about their plans to partake – and if so, how much. “One of the big concerns that has been expressed to me over and over [by insurers] is the possibility of people taking advantage […]
By David Gambrill | October 16, 2018
3 min read
Manitoba Public Insurance (MPI) is continuing its low-interest Winter Tire Program, which has helped keep provincial auto insurance rates in check, the public insurer said last week. Prior to the introduction of the program four years ago, Manitoba had one of the lowest rates of winter tire use in Canada, Manitoba Crown Services Minister Colleen […]
By Jason Contant | October 15, 2018
MONTREAL – Filling the reservoirs of Quebec’s hydroelectric dams has sometimes caused small earthquakes – a process that doesn’t seem to have occurred elsewhere in Canada, according to a seismologist who has studied the phenomenon. Maurice Lamontagne says it’s still not clear why the tremors occurred, or why they happened in some cases but not […]
By Jason Contant | October 14, 2018
Radioactive contamination and extended business interruption are among the new products that brokers can offer Canadian manufacturers later this fall, The Sovereign General Insurance Company announced. Nuclear risks are normally not included in property and casualty insurance policies, though some insurers will add in this coverage if asked. Sovereign General currently excludes radioactive contamination from […]
By Greg Meckbach | October 9, 2018
Oil refineries and other large industrial operations that are surrounded by residential communities need to work harder to ensure safety and protect their own bottom lines, multiple experts say. A massive refinery blast shook Saint John, N.B., on Monday, sending flames and black smoke into the sky but causing only minor injuries, leaving officials relieved […]
By Jason Contant | October 9, 2018
4 min read
Millenials – the ever-connected, technologically savvy age group – are actually most likely to ask a driver to stop using their mobile device if they are a passenger, a new Travelers Canada survey has found. Distracted driving has been cited recently by some carriers, such as Aviva Canada, as one of the reasons behind recent […]
By Jason Contant | October 7, 2018
OTTAWA – The union representing 50,000 employees at Canada Post panned the latest contract offers from the corporation Thursday, calling them “disappointing” and keeping alive the threat of a work stoppage as the busy holiday online shopping season approaches. Two separate offers for rural and urban carriers included “very small movements” toward resolving some key […]
Canadians know that driving while high on marijuana causes a risk to road safety, but they don’t seem to understand cannabis impairment fully, according to a recent Leger poll conducted on behalf of the Insurance Bureau of Canada (IBC). Eighty-four per cent of 1,517 Canadians polled in August believe that driving while high poses a […]
By David Gambrill | October 4, 2018
Marijuana could cause mental illness among youth and government needs to find ways of preventing teens from using it, an Ontario politician said Tuesday. “There are many young people who had their lives turned upside down, and families turned upside down, as a result of the use of pot,” Gilles Bisson, opposition house leader and […]
By Greg Meckbach | October 3, 2018
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