Industry
A vehicle owner asks someone who is not on his insurance policy to take his car to the dealership for a repair. When that driver subsequently gets into an accident with the dealership’s courtesy car, is the car owner’s insurance company on the hook for the liability lawsuit? No, a Calgary court recently found. On […]
By David Gambrill | July 25, 2019
3 min read
MONTREAL – There were no serious injuries after two school buses collided and caught fire Tuesday on a highway north of Montreal. About 25 of the roughly 50 children aboard the two buses were taken to hospital by paramedics as a preventive measure. Quebec provincial police say three vehicles – the two buses and a […]
By The Canadian Press | July 25, 2019
1 min read
Fasten your seatbelts, everyone, because the rate of auto reform is going to resemble a low-speed chase through a turbulent market cycle. Even if auto reform packages were to be introduced in every single legislative assembly across the land today, it would take up to two years to reap the benefits, Insurance Bureau of Canada […]
By David Gambrill | July 24, 2019
WINNIPEG – Shawna Dempsey did not believe it when she received a text saying a warehouse used by more than two dozen artists as a studio space had gone up in flames. Dempsey asked if it was a joke. The reply shook her to her core. “Our studio is gone. There’s nothing left,” it said. […]
By Greg Meckbach | July 24, 2019
When the Ontario government moved accident benefits dispute resolution to the Licence Appeal Tribunal in 2016, it did not intend for two similar issues in a disputed claim to be adjudicated both in court and before the LAT, the Court of Appeal for Ontario suggests. The ruling in Stegenga v. Economical Mutual Insurance Company, released […]
Cross-selling is a huge untapped potential for insurers, particularly since consumers overwhelmingly want a single insurer to meet all of their policy needs, according to a new survey. Insurers frequently contact their customers, though rarely for cross-selling. In Canada only 4-5% of survey respondents said their insurer contacted them regarding additional coverage, even though about […]
By Jason Contant | July 23, 2019
2 min read
Editor’s Note: This article is reprinted with permission from Truck News A national review by Facility Association, an insurer of last resort for fleets that can’t secure coverage elsewhere, is looking to keep trucking companies from misrepresenting themselves when negotiating insurance premiums. The Ontario Trucking Association (OTA) and selected insurers began to shine a […]
EDMONTON – Alberta storm chaser Chris Kiernan has hardly had a moment’s rest since the start of the tornado season last month. “This season has been quite more active,” said Kiernan, who is based out of Beaumont, Alta., about 30 kilometres south of Edmonton. “In the last two weeks, I have been out for the […]
Scott Carmilani, until recently CEO of Allied World Assurance Company Holdings GmbH, has a new role with Fairfax Insurance Group, Toronto-based Fairfax Financial Holdings Ltd. announced last week. Fairfax owns about two-thirds of Zug, Switzerland-based Allied World. Replacing Carmilani as CEO of Allied World is Lou Iglesias, previously president of Allied World, which writes reinsurance and […]
By Greg Meckbach | July 22, 2019
Media personality Kylie Jenner caused a stir last year when she asked on Twitter if anybody still uses messaging app Snapchat. “She’s obviously such a strong [social media] influencer that I think it was alleged that she single-handedly wrote $1.3 billion off Snapchat’s market value overnight,” said Nathan Rose, senior underwriter and business development specialist […]
By Jason Contant | July 22, 2019
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