Claims
Breaking up a car theft ring is long, difficult work but it's worth it to deter thieves and reduce the impact of insurance crime in Canada
By Phil Porado | August 24, 2022
3 min read
Millions in insurance premiums each year in Canada could be at risk due to poor claims experiences and process inefficiencies, but artificial intelligence (AI) technologies can mitigate these losses and create efficiencies that bring in more dollars, a new report found. “In Canada, $811 million [in] premiums could be at risk per year, or $4.1 […]
By Alyssa DiSabatino | August 24, 2022
In the first half of 2022, container volumes at the Port of Vancouver dropped seven per cent from the same period a year earlier. But containers sat on its docks for nearly six days on average, almost twice as long as in 2019 and a 41 per cent increase from 2021.
4 min read
This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Residents in eastern Ontario are still recovering after a tornado-producing thunderstorm left a path of destruction over 55 kilometres long and up to 1,400 metres wide […]
By Alyssa DiSabatino | August 23, 2022
Insurers and brokerages are still having problems hiring qualified workers in the wake of a hard market and COVID-19
By Phil Porado | August 23, 2022
Canadian businesses are increasingly in need of surety bonds, which prompts one insurer to add to its team of experts in the area.
By Phil Porado | August 22, 2022
2 min read
Plans to expand a proposed U.S tax credit on electric vehicle purchases to cover North American-made cars is a boon for the auto sector, says Ontario's economic development minister, but the province isn't planning any buyer incentives for local drivers.
By Alyssa DiSabatino | August 22, 2022
Women are safer driving newer cars, a new report by the U.S. National Highway Traffic Safety Administration suggests. Female fatality risk compared to male fatality risk is significantly reduced in newer vehicles, starting with model year 2000, the report finds. Further, the newer the vehicle, the safer for women. The overall gap between women’s […]
By Alyssa DiSabatino | August 19, 2022
A heat wave building across western Canada and the Prairies could worsen wildfires, which have already burned more hectares this year over last despite fewer fires to date, one industry expert observes. This week, Alberta, British Columbia and Saskatchewan will see temperatures forecast to exceed 30 C. Heat warnings have even been triggered as far […]
By Alyssa DiSabatino | August 18, 2022
The use of drones has accelerated some loss control operations in equipment breakdown insurance, but there are pros and cons to using these technology advancements says Doug Laurin, Director, National Energy & Equipment Breakdown at Intact. A benefit is that some technological advancements can be particularly useful for identifying potential breakdowns ahead of time. For […]
By Alyssa DiSabatino | August 17, 2022
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