Risk
Are you an insurance company looking to build up your direct-to-consumer capabilities without alienating the broker channel, on whom you rely for your core business? Here are three tips for you, as outlined by bloggers Ned Calder, Shahriar Parvarandeh and Michael Brady, all three from the growth strategy consulting firm Innosight. Their blog is published […]
By David Gambrill | December 14, 2018
3 min read
Claims
VANCOUVER – Powerful winds are set to sweep British Columbia on Friday with gusts of up to 100 kilometres an hour in some areas. Environment Canada has posted wind warnings for Metro Vancouver, Fraser Valley, Vancouver Island and parts of the Interior. The national weather agency says it expects strong winds that may cause damage […]
By The Canadian Press | December 14, 2018
1 min read
The traditional fire peril continues to cost Canadian insurers, with fire/explosion accounting for almost a quarter (23%) of commercial claims by value, Allianz Global Corporate & Specialty (AGCS) said in its new Global Claims Review report, released Thursday. AGCS analyzed more than 470,000 global insurance claims from over 200 countries and territories to determine the […]
By Jason Contant | December 13, 2018
2 min read
Industry
If your client’s vehicle is towed in Manitoba, the auto insurer will not normally tell the towing company who owns the vehicle. “There is a gap in the [Manitoba privacy] legislation or, at a minimum, the administrative practices of the City” of Winnipeg, Judge Christopher Mainella of the Court of Appeal for Manitoba wrote in […]
By Greg Meckbach | December 13, 2018
4 min read
EDMONTON – Two security guards were injured in an explosion during an overnight armed holdup at a Scotiabank branch in northeast Edmonton. Police at the scene said the guards – a man and a woman employed by GardaWorld – suffered significant head and facial injuries in the blast that occurred around 2 a.m. Thursday. They […]
By The Canadian Press | December 13, 2018
Federal regulations requiring liability insurance for boats that carry passengers take effect Jan. 11, Transport Minister Marc Garneau announced Wednesday. It is estimated the industry will make $24.8 million more, over 10 years, than it otherwise would have, the federal government said in a regulatory impact analysis. With the new rules, operators of vessels carrying […]
By Greg Meckbach | December 12, 2018
REGINA – A consulting firm says sight lines are a safety concern at the rural intersection where the deadly Humboldt Broncos bus crash happened. A 70-page safety review done for the Saskatchewan government says a stand of trees, mostly on private property, obstructs the view of drivers approaching from the south and east – the […]
As debate rages on in British Columbia over public versus private ridesharing insurance options, the Canadian Federation of Independent Business (CFIB) has released new survey results that show nearly three of four small business owners support private auto insurance. CFIB recently surveyed 1,015 small and medium-sized business owners in B.C., asking if the provincial government […]
By Jason Contant | December 11, 2018
TORONTO – Canadians who stayed at Marriott International Inc. and Starwood Canada ULC hotels are taking legal action against the companies following a security breach. At least three proposed class actions have been launched in Toronto and Montreal against the U.S.-based company that recently revealed hackers stole contact, credit card, passport and travel information belonging […]
By Greg Meckbach | December 11, 2018
Ford F-Series trucks once again topped the list of Canada’s most frequently stolen vehicles, according to the Insurance Bureau of Canada (IBC). IBC released Tuesday its annual list of most stolen vehicles in Canada, compiled using data from members across the country. Nationally, Ford F350 trucks hold the top five spots, making these light- and […]
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