Industry
Insurers need to form stronger bonds with various ancillary organizations involved in a car purchase, so that insurance isn’t the last thing on a consumer’s mind at the end of the deal, says an industry consultant. But in seeking out such partnerships, direct insurers may have a distinct competitive advantage over insurance companies that distribute […]
By Adam Malik | October 13, 2020
3 min read
CALGARY – A deal to sell the suspended Ekati Diamond Mine in the Northwest Territories for about $166 million has fallen through after bond issuers refused to go along with it. Owner Dominion Diamond Mines ULC says the offer by two affiliated companies, referred to as a “stalking horse bid,” was rejected by Aviva Insurance […]
By The Canadian Press | October 13, 2020
2 min read
A GoFundMe campaign, Belynda’s Kids, has been started to raise funds for the care of the children of the late Belynda Cleland Kerelchuk, who is listed on LinkedIn as the senior vice president at Aon Reinsurance Solutions. At the time of writing, the fundraiser, established by Stephen Smith, has raised $49,940 from 302 donors. The […]
By David Gambrill | October 13, 2020
If the Liberals return to power this fall in British Columbia after a three-year hiatus, and if they keep their election promises, the province’s auto insurance system may look similar to the auto insurance systems in both Quebec and Saskatchewan, the Insurance Bureau of Canada suggests. “What the Liberals put forward sounds a little bit […]
By Greg Meckbach | October 9, 2020
4 min read
There are lessons to be learned from the current COVID-19 pandemic about how to protect clients against future pandemic losses, senior industry executives say. The Wimbledon Championships’ pandemic coverage, for example, was generally hailed as a success. The famed tennis tournament held annually in the All England Club was cancelled Apr. 1, 2020. Organizers had […]
By Adam Malik | October 9, 2020
Peel Regional Police are investigating a domestic homicide near Toronto, after finding a woman who is believed to be a Canadian senior insurance executive pronounced dead at the scene. Police say they received a call for a disturbance in the area of Galbraith Drive and Barwell Road in Mississauga, Ont., on Tuesday, Oct. 6, 2020, […]
By David Gambrill | October 9, 2020
TORONTO – The consortium building a light-rail transit line across Toronto said Thursday that it was taking the provincial government to court over alleged delays and cost overruns related to COVID-19. Crosslinx Transit Solutions said it had filed an application with the Ontario Superior Court of Justice, arguing that provincial transit agency Metrolinx and Infrastructure […]
By Jason Contant | October 9, 2020
Canada isn’t known for political violence compared to other parts of the world, but it’s a growing trend that has at least one insurer keeping its eye on developments. This year has seen an increase in political demonstrations in both Canada and the United States for a number of causes, although our neighbours to the […]
By Adam Malik | October 8, 2020
British Columbia motorists would probably benefit from more choice in auto insurance if it means they can start doing more things by phone and online, suggests the co-founder of an online price comparison site. With the provincial election scheduled Oct. 24, B.C.’s opposition Liberal party reiterated Tuesday its call to allow more competition against the […]
By Greg Meckbach | October 8, 2020
B.C.’s Court of Appeal overturned a decision Wednesday against BCAA Insurance Corporation in a case that turned on the crucial difference between an “omission” and a “misrepresentation” in a home insurance application. Ultimately, the B.C. Court of Appeal ordered a retrial in the case, having found that the trial judge had made overriding errors in […]
By David Gambrill | October 8, 2020
5 min read
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