Claims
Only about half of Canadians polled by Canada’s third largest insurer understand what kind of water damage is covered by their insurance policy, providing an opportunity for brokers to educate clients on the coverage. “For insurance brokers and agents, understanding someone’s unique insurance needs, discussing the increasing trend in water damage claims and the specific […]
By Jason Contant | December 7, 2018
2 min read
Risk
As business risks become more global, interconnected and less tangible, brokers and insurers should expand their dialogue with clients about loss mitigation or loss prevention, the chief executive of CNA Canada says. “An insurance policy today isn’t really enough,” CNA Canada president and CEO Nick Creatura told Canadian Underwriter Thursday in an interview. “We need […]
By David Gambrill | December 6, 2018
3 min read
TORONTO – Canadians have started receiving emails from Marriott International, informing them of a recent breach of customers’ personal data held by their Starwood hotel properties. The U.S.-based hotel giant, which is also behind brands including W Hotels, St. Regis, Sheraton and Westin, says in the email that the breach may have impacted up to […]
By Jason Contant | December 6, 2018
1 min read
The Opposition BC Liberals have introduced a bill they say would bring ride-sharing to the province within three months and allow for private insurance coverage, re-igniting debate over public versus private coverage in British Columbia. The minority NDP government introduced legislation on Nov. 19, to allow ride-sharing companies to enter the B.C. market by next […]
By Jason Contant | December 5, 2018
A major insurer is calling for new laws prohibiting various forms of auto insurance fraud in Ontario. “As an industry we need a new set of provincial offences that will allow for the efficient and effective prosecution of fraud,” said Chris Lang, senior manager of fraud operations for Aviva Canada, in an interview. For example, […]
By Greg Meckbach | December 5, 2018
Ontario’s new government should require motorists to buy more liability coverage than is currently mandatory, a lawyer who represents claimants says. “I think everyone in the insurance industry would agree that $200,000 is far too low,” Joseph Campisi of Vaughan-based Campisi LLP Personal Injury Lawyers, said Wednesday in an interview. He is referring to mandatory […]
REGINA – Saskatchewan’s Crown utility says it’s dealing with a power outage crisis in large swaths of the province, including Regina, Weyburn and Moose Jaw. SaskPower warns that service may not be restored until late Tuesday at the earliest in some areas. Spokesman Jordan Jackle said crews are trying to assess the cause and do […]
By The Canadian Press | December 5, 2018
There needs to be a hybrid system of self-regulation in concert with regulatory discipline to handle interprovincial mobility issues for independent adjusters, says the president and CEO of an independent adjusting firm. “We need a hybrid system of self-regulation in concert with all of the regulators,” said Patti Kernaghan, president and CEO of Kernaghan Adjusters […]
By Jason Contant | December 4, 2018
Auto
OTTAWA – The pace of economic growth in Canada slowed in the third quarter as business investment spending fell and the growth in household spending slowed, raising questions about the future pace of interest rate hikes by the Bank of Canada. The Canadian economy grew at an annualized pace of two per cent in the […]
By Greg Meckbach | December 4, 2018
If proposed rules affecting Ontario lawsuits are brought into place, insurers could be paying much less for plaintiffs’ expert witnesses, a lawyer suggests. Ontario has what it calls a “simplified procedure,” which is intended to make it simpler and cheaper to take lawsuits to court. The simplified procedure normally applies to lawsuits for less than […]
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