Claims
Continued benign loss environment and strong performance by select publicly traded reinsurers in the first half of 2015 resulted in a healthy increase in average share price, but those positives seem to be giving way to challenges afoot in the industry, suggests a special report released last week by A.M. Best. Just three of the […]
By Canadian Underwriter | October 5, 2015
2 min read
Refusing to insure substandard properties and advising clients on climate change are just two of the things insurers can do to help the industry better understand the issue, Environment Canada’s senior climatologist said on Friday at the National Insurance Conference of Canada (NICC). “Never before has there been an opportunity for insurers and for bankers […]
By Canadian Underwriter | October 4, 2015
4 min read
CALGARY – The oil and gas industry wants investment in emissions-busting technology to play a big role in Alberta’s climate change strategy. The Canadian Association of Petroleum Producers has made its submission to the five-member panel working on a broad plan to reduce the province’s greenhouse gas emissions. “If we want to find the balance […]
By Canadian Underwriter | October 3, 2015
3 min read
FREDRICTON, N.B. – Heavy rainfall that dumped more than 160 millimetres on parts of New Brunswick is being blamed for widespread property damage and the death of one man. The province’s Emergency Measures Organization says the downpour Wednesday and early Thursday damaged bridges, highways and guardrails across the province. “We’re dealing with road closures… washouts […]
By The Canadian Press | October 2, 2015
The transforming Hurricane Joaquin slowly tracking through the Bahamas is reminiscent of Hurricane Irene four years ago, but the latest storm is affecting Bahamian islands where insurance up-take is low, which will help limit insured losses, suggests a statement issued Thursday by AIR Worldwide. Originally classified as a tropical depression on Sept. 27, Joaquin developed […]
By Canadian Underwriter | October 2, 2015
Ride-sharing is here to stay. Consumers have demonstrated by their use that they are interested in such services, but may not be fully aware of the risks and current gaps in insurance coverage. Broker advice can help fuel a more protective ride as these services shift into the next gear.
By Traci Boland, First Vice President, Insurance Brokers Association of Ontario | September 30, 2015
6 min read
The current tax policy governing intergenerational business transfer is a clear disadvantage for brokerage firms. Quebec's broker channel maintains, however, that draft federal legislation offers the promise of levelling the playing field for brokerages across the country.
September 30, 2015
5 min read
A ruling by Ontario's Superior Court of Justice offers an opportunity to rediscover the court's approach to the commencement of limitation period in motor vehicle accident litigation. It suggests the discovery of a non-pecuniary claim in connection with a motor vehicle accident is highly dependent on the availability of credible evidence to establish the seriousness of the plaintiff's injuries.
By Julia Vizzaccaro, Associate; and Erin Farrell, Associate, Gowlings | September 30, 2015
Questions remain around how the new criteria to determine catastrophic impairment will shake out. Whatever one's views - determining catastrophic impairment is clearer or less clear - a period of adjustment, likely years, is expected to be required before questions are answered.
By Greg Meckbach, Associate Editor | September 30, 2015
7 min read
Quebec’s brokerage association is welcoming the provincial finance ministry’s efforts to update financial legislation, but is calling for “greater efficiency and fairness in how the rules are applied.” The Regroupement des cabinets de courtage d’assurance du Québec (RCCAQ) recently submitted a French-language brief on the review process for Bill 188, which regulates the distribution of […]
By Canadian Underwriter | September 30, 2015
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