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Ridesharing insurance is again in the spotlight, now that the City of Vancouver has announced it is regulating short-term rentals such as Airbnb, and allowing residents to apply online for a business licence as of April 19. Vancouver City Council approved new regulations last year for short-term rentals of less than 30 days in principal residences […]
By Jason Contant | April 23, 2018
3 min read
The Court of Appeal for Ontario has decided, in a divided ruling, that title insurance coverage would be “nullified” if one title insurer had its way on a claim. In 2014, Karl Nodel agreed to lend a person $1.1 million. They dealt with each other through lawyers. Nodel was planning to secure the loan by […]
By Greg Meckbach | April 17, 2018
Gore Mutual Insurance Company announced Wednesday it has hired a former Marsh Canada executive to lead the brokerages owned by Gore, which will now fall under a new subsidiary. The new subsidiary, Insurance Store Inc., will operate three Ontario property and casualty insurance brokerages (Noble, Jamieson-Hilts, and St. Clair) owned by Cambridge, Ont.-based Gore Mutual. […]
By Greg Meckbach | April 12, 2018
2 min read
IT workers in Canada’s property and casualty insurance industry are starting to resemble the legacy systems they are servicing — nearing retirement. Fully one-third of the P&C’s industry’s IT workforce is projected to retire sometime over the next decade, according to a demographic study currently being prepared by the Insurance Institute of Canada. Some high-level […]
By David Gambrill | April 12, 2018
Despite the fact that premiums start as low as $15 per month, nearly half of consumers polled by insurance comparison site Kanetix.ca reported that they couldn’t afford renter’s insurance. Last month, Kanetix.ca conducted a Google Survey of 1,000 Canadian renters, of which 485 didn’t have insurance coverage, Kanetix president and CEO Andrew Lo told Canadian […]
By Jason Contant | April 10, 2018
Some landlords are refusing to rent residences to people who do not have tenant’s insurance and some are even trying to use lack of insurance as grounds to evict tenants. “A lot of landlords in this day and age are getting smart and saying, ‘Hey, we are not going to give you the keys until […]
By Greg Meckbach | March 26, 2018
Intact has a duty to defend a lawsuit arising from a workplace injury under a commercial general liability policy, the Alberta Court of Appeal ruled. Normally workplace injuries are covered under no-fault provincial workers compensation programs rather than by property and casualty insurers. But court records indicate that Marsh Miller, who was injured due to […]
By Greg Meckbach | March 19, 2018
Processing a property theft claim? Check your claimant’s receipts carefully. Saskatchewan Government Insurance (SGI) announced Thursday that it busted a $25,000 insurance scam last year for stolen jewelry by uncovering a handy-dandy – if illegal — online fake receipt generator. A would-be thief made a claim on an SGI Canada property policy for expensive clothes, […]
By David Gambrill | March 15, 2018
Brokers who are concerned about income tax changes will find “good news” in the recently-released federal budget, a tax expert said Wednesday. Finance Minister Bill Morneau announced this past July several proposals intended to crack down on company owners who use their businesses as tax shelters. But changes proposed in the summer of 2017 have […]
By Greg Meckbach | March 2, 2018
Canadian property and casualty insurers are pleased that Quebec is proposing new distracted driving rules, including stronger penalties as a deterrent, as part of a larger package of proposals to beef up the province’s Highway Safety Act. Insurance Bureau of Canada (IBC) said it was pleased to note that distracted driving was among the issues […]
By David Gambrill | February 22, 2018
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