Industry
It’s only natural claims adjusting service levels will drop, given the large number of claims arising from the derecho that struck parts of Ontario and Quebec in May, says the president of the Canadian Independent Adjusters’ Association (CIAA). “Things like this derecho unfortunately create such a significant number of claims that service levels will fall […]
By Jason Contant | June 7, 2022
4 min read
VANCOUVER – Emergency officials say as many as 20 buildings are flooded in three northwestern British Columbia communities. But a break in the weather has slowed rising waterways across the region. The Regional District of Kitimat-Stikine ordered the evacuation of the Terrace-area communities of Old Remo, New Remo and Usk on Sunday. It also declared […]
By The Canadian Press | June 7, 2022
1 min read
Nova Scotia has approved Facility Association’s approach to rating commercial auto in a way that trucking operators cannot “game the system” and get Nova Scotia’s lower premium rates when they drive more extensively in other Canadian provinces. Essentially, a “surcharge matrix” will be used to rate trucking companies that drive more than 50% outside of […]
By David Gambrill | June 6, 2022
3 min read
The president of the Canadian Independent Adjusters’ Association (CIAA) is hoping other provinces take note of how Ontario’s insurance regulator has approached adjuster capacity and licensing issues following the May 21 derecho that struck Ontario and Quebec. On May 31, the Financial Services Regulatory Authority of Ontario (FSRA) implemented temporary measures to help insurers process […]
By Jason Contant | June 6, 2022
Ontario courts will declare older non-competition clauses unenforceable if they are unreasonable between the parties due to ambiguity or because the scope of prohibited activities is overly broad, two lawyers write in an analysis of Court of Appeal for Ontario decision. In December 2021, the province’s Working for Workers Act came into force, prohibiting employers […]
By Jason Contant | June 3, 2022
TORONTO – DesRosiers Automotive Consultants (DAC) says Canadian auto sales were down 8.5 per cent in May compared with a year earlier as supply challenges persist. The consultancy estimates 140,725 new light vehicles were sold in the month, in line with sales for the previous two months. May has historically been the top sales month […]
By The Canadian Press | June 3, 2022
Emily Horsman has joined NFP Corp., a large national brokerage, as head of Canadian national broking.
By Jason Contant | June 2, 2022
2 min read
OTTAWA – In an unprecedented move, the Bank of Canada has announced a major increase to its key interest rate for the second time in two months as it forecasts higher consumer prices to come this year. The central bank increased its policy rate by half a percentage point to 1.5 per cent Wednesday and […]
By Jason Contant | June 1, 2022
TORONTO – Seasonal or higher than normal temperatures across much of the country will offer Canadians a chance to enjoy the summer, but predictions from a prominent national forecaster warn the humidity could welcome a rather stormy few months. Chris Scott, chief meteorologist at The Weather Network, says the heat coupled with an active jet […]
By Jason Contant | May 31, 2022
If you’re considering implementing a four-day work week at your P&C workplace, it’s important to realize the potential drawbacks of this approach, as laid out in a blog from Harvard Business Review. “Before trying a four-day workweek, employers need to be aware of two important factors,” says the blog published Friday. “First, a reduction in […]
By Jason Contant | May 30, 2022
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