Tech
As Canada moves closer to legalized pot, a sure-fire way of testing drivers for cannabis impairment remains elusive. Bill C-45, currently before the Senate, would make possession of up to 30 grams of recreational marijuana legal. Bill C-46, a companion bill, would give police the power to demand an oral fluid sample from drivers at […]
By Greg Meckbach | January 15, 2018
3 min read
Manitoba Public Insurance (MPI)’s novel “time band” approach for insuring ridesharing companies backfired when Uber took a pass on the model recently. “This product structure differs greatly from insurance models in place across North America (including Ontario, Alberta and Quebec) and deviates in several important ways from the type of insurance that Uber has found […]
By David Gambrill | January 12, 2018
2 min read
TORONTO – Auto insurance rates in Ontario increased in the last quarter of 2017, putting the Liberal government further away from its promise to cut rates by 15 per cent. Fourth quarter numbers released today by the Financial Services Commission of Ontario show an average increase of about one per cent. Ontario’s finance ministry says […]
By Jason Contant | January 12, 2018
Cyber insurance policies are now evolving to the point where they are starting to tackle personal injury and property damage, Brian Rosenbaum, national director, legal and research practice with Aon Risk Solutions Canada, told Canadian Underwriter on Tuesday. Known in insurance circles as Internet of Things (IoT) exposures, liability can occur when personal injury or […]
Legal / Regulation
With Canada’s mandatory data breach notification provisions in the Digital Privacy Act expected to come into force this year, organizations will soon be required to report “breaches of security safeguards” that pose a “real risk of significant harm to an individual.” Included as part of a series of amendments to the Personal Information Protection and […]
By Jason Contant | January 10, 2018
RGAx, a subsidiary of Reinsurance Group of America, has acquired a group of companies providing technology, consulting and outsourcing solutions to the North American life and reinsurance industries – including two Canadian organizations. On Jan. 8, RGAx announced the acquisition of the LOGiQ3 Group, which includes LOGiQ3 Corp., APEXA, Cookhouse Lab and Tindall Associates Inc. […]
Privacy and security concerns may be contributing to a lower-than-expected uptake of telematics programs, Andrew Lo, the president and CEO of Kanetix Ltd., said on Monday. Also, there seems to be some confusion among consumers about the data insurers are collecting, and the reasons for which insurers are requesting the data. In a recent Kanetix […]
By Jason Contant | January 9, 2018
Safety gadgets mounted on today’s slick new vehicles are creating headaches for insurers when it comes to the severity of auto insurance physical damage claims. Why? Because it costs more to repair them when they are damaged in collisions. Mitchell Canada reported in the Q3 edition of the 2017 Mitchell Auto Physical Damage Industry Trends […]
By David Gambrill | January 8, 2018
The potential to expedite policy issuance to brokers online was a major factor in the decision of Totten Insurance Group to buy Belyer Insurance Limited of Windsor, Ont., Totten CEO Susan Murphy said Friday. Belyer does business as EasyInsure, whose acquisition by Totten was announced Jan. 3. Totten, a managing general agency with several Canadian […]
By Greg Meckbach | January 8, 2018
Commercial brokers and carriers are close to launching real-time data exchange.
January 5, 2018
1 min read
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