Industry
OTTAWA – Prime Minister Justin Trudeau told the Canadian oil industry Tuesday that it should use the massive bump in profits from the current surge in prices to fund a transition to cut their emissions. The federal government unveiled an emissions-reduction plan to reach its new greenhouse-gas targets by 2030. It projects the oil and […]
By Jason Contant | March 30, 2022
4 min read
Adequate coverage on a no-fault basis for catastrophically injured accident victims is probably the most value that personal injury auto insurance should deliver, says David Marshall, a financial management consultant who has served as a senior advisor to the Government of Ontario on auto insurance and pension funds. Marshall is the author of a new […]
By Jason Contant | March 29, 2022
3 min read
People working for an insurance company should be aware of the risk of being a witness to support a close friend at an accident benefits case conference against their employer. Canada’s top court has thrown out a case against Desjardins General Insurance, essentially upholding a decision by the Ontario Court of Appeal. The Court of […]
By David Gambrill | March 28, 2022
2 min read
Markings seen recently on Russian tanks and other military vehicles involved in the invasion of Ukraine have prompted one large insurance company to back away from a longstanding logotype. For the time being, Zurich Insurance Company has opted to stop using its Z logotype as part of its social media presence. Those social pages now […]
By Phil Porado | March 28, 2022
1 min read
Property and casualty insurance carriers and brokers have embraced the Canadian Association of Managing General Agents’ (CAMGA) self-regulatory regime, the association’s managing director tells Canadian Underwriter. Late last year, CAMGA’s board and membership approved and adopted the undertaking as a condition of membership beginning Jan. 1. The voluntary measures and membership requirements include three pillars. […]
By Jason Contant | March 28, 2022
The federal government’s easing of COVID-19 travel restrictions will generally make it easier for travellers to get insurance coverage, since some providers weren’t in the position to offer coverage when travel advisors were at a higher level, travel insurers tell Canadian Underwriter. COVID-19 and international travel is now Level 2 (practice enhanced health precautions), down […]
By Jason Contant | March 25, 2022
OTTAWA – The Russian invasion of Ukraine is adding to inflationary pressures around the world and in Canada, a senior Bank of Canada official said Friday. In a speech by webcast to a conference at the U.S. Federal Reserve Bank of San Francisco, deputy governor Sharon Kozicki said inflation in the near term is expected […]
By The Canadian Press | March 25, 2022
Editor’s Note: This story has been updated to include comment from Insurance Bureau of Canada Faulty design features of private-sector auto insurance and excessive government regulation are the main reasons to blame for challenges facing the private-sector auto markets, says David Marshall, who has served as a senior advisor to the Government of Ontario […]
By Jason Contant | March 24, 2022
HOPE, B.C. – The Ministry of Transportation and Infrastructure says it is moving ahead with permanent repairs to a key B.C. highway damaged by catastrophic flooding last November. A statement from the ministry says it has begun the process to select contractors to design and complete the repairs at three of the seven damaged bridges […]
By The Canadian Press | March 24, 2022
Nova Scotia Utility and Review Board (NSURB) has approved Facility Association’s (FA) overall rate increase of 11.1% as well as a proposed revision of its risk classification system for taxis. In doing so, the board had some words of advice for Facility Association about how to examine loss trends for the province’s new direct compensation […]
By Jason Contant | March 23, 2022
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