Risk

Resisting auto accident cash settlements in Ontario could escalate disputes: Lawyer

Ontario auto insurance changes announced last week are “unlikely” to reduce disputes over accident benefits claims, an insurance defence lawyer predicts, but brokers and insurers agree the provincial government is moving in the right direction. Finance Minister Charles Sousa’s Dec. 5 auto insurance reform announcement lacks a lot of detail but “appears unlikely to reduce […]

By Greg Meckbach | December 12, 2017

3 min read

Marketplace should set minimum standards for flood cover: CEO

Minimum standards should be established for overland flood coverage offered by Canadian property and casualty insurers, an industry executive told Canadian Underwriter. Offering his personal perspective, Alain Thibault, chairman, president and CEO of the Canadian Association of Direct Relationship Insurers (CADRI), said he would like to see much more cohesion in Canada’s overland flood market. […]

By Canadian Underwriter | December 12, 2017

3 min read

Are timid underwriters blowing a business opportunity with blockchain?

There is a substantial business opportunity for insurers willing to learn about and underwrite nascent blockchain technology, says an account executive at The Axis Insurance Group in B.C. “There is a business coming along, it’s going to get bigger, and more companies are going to be using the blockchain technology somewhere along the path of […]

By Canadian Underwriter | December 11, 2017

3 min read

Planning for a public emergency? Don’t follow Ontario’s example

Ontario’s emergency planning for risks such as severe weather, terrorism and cyber-attacks is in dire need of an update, the province’s auditor general concluded in a report released Wednesday. The province’s severe weather plan has not been updated in 12 years, Ontario Auditor General Bonnie Lysyk observed in the report. Also, recent information on cyber-attacks […]

By Jason Contant | December 7, 2017

3 min read