News

What needs to be done to address independent adjuster mobility

The Canadian Independent Adjusters’ Association (CIAA) has proposed a “national emergency licensing protocol” to address mobility issues facing independent adjusters in Canada. It has also proposed a national licensing qualification, a longer-term solution that would require legislative changes to Insurance Acts in jurisdictions where the regulator is a Superintendent of Insurance. Provinces regulated by Insurance […]

By Jason Contant | December 10, 2018

3 min read

Does CGL’s duty to defend apply to the insurance policy as a whole?

An insurer’s duty to defend under a provision in a commercial general liability (CGL) form is applicable to the insurance policy as a whole, the Court of Queen’s Bench of Alberta has ruled. In a decision released Friday, the court denied an appeal from Intact Insurance Company. The insurer argued that a collection of its […]

By Jason Contant | December 10, 2018

4 min read

What could drive reinsurers away from some markets

Reinsurance is extremely important but could get too expensive in certain areas, industry leaders said at a recent event. Some insurance companies today are “dialing up their reinsurance protection – property and cat risk in particular in the United States,” Colm Holmes, president and chief executive officer of Aviva Canada, said Dec. 6 during a […]

By Greg Meckbach | December 10, 2018

3 min read

Why Ozzy Osbourne is a factor for actuaries to consider

Properly segmenting data within an “ocean” of information can make the difference between champ and chump, speakers suggested at KPMG’s recent insurance conference. “I think the biggest change that most people are grappling with is the amount of data that has become available,” Colm Holmes, president and CEO of Aviva Canada, said Dec. 6 during […]

By Greg Meckbach | December 10, 2018

2 min read