Risk
Facing the distinct possibility of a political regime change in Ontario, the province’s auto insurers and brokers are calling on all of the province’s political parties to keep their eyes focused on auto insurance reform as the way to deliver low rates to consumers. For Insurance Bureau of Canada (IBC), representing Canada’s home, auto and […]
By David Gambrill | March 29, 2018
3 min read
With Canadian companies facing the prospect of new tariffs for exports to the United States, the uncertainty over the North American Free Trade Agreement should be “front and centre” for risk managers, a KPMG expert told Canadian Underwriter Thursday. “You hear a lot of discussion in the media about the potential for the United States […]
By Greg Meckbach | March 26, 2018
2 min read
Canada’s property and casualty industry has been sounding the alarm for many years about risks associated with climate change, and stakeholders are finally starting to answer the call. Don Forgeron, president and CEO of Insurance Bureau of Canada (IBC), and Louis Gagnon, president of Canadian operations at Intact Insurance, both told Canadian Underwriter in a conference […]
By David Gambrill | March 17, 2018
Calgary’s flooding in 2013 may have left an indelible impression on the insurers that underwrote the risk, but not so much for Calgary residents. “There’s an education piece that is missing” for homeowners, Tim Haney, a sociology professor at Mount Royal University in Calgary, wrote last week in an e-mail to Canadian Underwriter. Haney was […]
By Greg Meckbach | March 16, 2018
The Supreme Court of Canada will not hear an appeal from an Ontario auto insurer over a motorist who claimed accident benefits coverage after being scalded by hot coffee in a stationary car. Canada’s highest court announced Thursday it has dismissed an application from Aviva Canada for leave to appeal the Court of Appeal for […]
Winter tires were not installed on the rear of a school bus that was destroyed after being stuck crossing a railway track in slippery conditions, the Transportation Safety Board of Canada said in a recent report. A bus was picking up students near Colborne, Ont., about halfway between Toronto and Kingston, when it stopped before […]
By Canadian Underwriter | March 15, 2018
Looking to advise homeowners on ways to reduce basement flood risk? Consider reminding consumers to shut off the water flowing to the garden hose in winter. FirstOnSite Restoration sees a lot of incidents where homeowners forget to shut off the valve that lets the water flow to the outside tap, said Kevin Clarke, executive vice […]
By Greg Meckbach | March 14, 2018
If you want to keep your cargo safe, it’s best to keep it moving, Insurance Bureau of Canada (IBC) warns. Linked to the involvement of organized crime, cargo theft is described as an “epidemic” in Canada, with a total loss of $181 million in stolen cargo and equipment between 2014 and 2017. “Any loaded trailer […]
By David Gambrill | March 13, 2018
The “unintended consequences” of legalizing marijuana will increase the risk of accidents in British Columbia’s forestry and oil and gas sectors, one politician warns, while a Saskatchewan government official said Thursday all workplace policies need to address cannabis use. Brokers and insurers alike are concerned about the impact of marijuana legalization on vehicle accident risk. […]
By Greg Meckbach | March 9, 2018
Despite the fact that British Columbia’s government monopoly auto insurer lost almost $1 billion in the first nine months of last year alone, brokers in the province are not seeing a push from motorists to open the market to competition. “Nobody [in B.C.] is particularly convinced that increased competition or even privatization or an open […]
By Greg Meckbach | March 7, 2018
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