Industry
CAA Travel Insurance has introduced two new endorsements for thrill-seekers and travellers with pre-existing conditions. The products, an Adventurous Air Activities Rider and a Seven-Day Pre-Existing Condition Rider, include coverage that is not typically available in standard travel insurance policies, said a press release from CAA South Central Ontario (CAA SCO). The endorsements will be […]
By Jason Contant | July 19, 2019
2 min read
Ontario’s government is considering changing how insurance applies to vehicle subscription services. Included in the provincial government’s 2019 budget document released in April was a proposal “enabling innovation and new business models to give drivers more options, such as car subscription services that include insurance.” Increasingly popular car subscription services like Zipcar and Car2go allow […]
3 min read
Artificial intelligence is going to have a big impact on adjusters, actuaries and insurance agents, but it won’t necessarily kill their jobs, an AI expert suggests. But lower-skilled jobs may be in jeopardy. “Jobs at call centres are going to disappear slowly with chatbots,” predicts Eli Fathi, co-founder and CEO of Ottawa-based MindBridge Analytics Inc., […]
By Greg Meckbach | July 19, 2019
Ontario has appointed a special adviser on flooding to recommend ways the province can reduce the impacts of flooding and help communities deal with them. Doug McNeil is a former Manitoba deputy minister of infrastructure and transportation and held senior positions at the Manitoba Floodway Authority. He will be paid up to $60,000 and will […]
An Ontario auto insurer is out more than $500,000 after a motorist hit a cyclist, causing soft-tissue injuries. In St. Marthe v. O’Connor, released this past Monday, Ontario Superior Court Justice Patrick Hurley awarded Peter St. Marthe $380,000 (including sales taxes and disbursements) for his legal bills alone to pursue his tort claim. St. Marthe […]
By Greg Meckbach | July 18, 2019
4 min read
Alexandra (Lexie) Kindbom, until recently managing director of Marsh Canada, is now in charge of financial, executive and professional risks in Canada for Willis Towers Watson, a major competitor to Marsh. Two other former Marsh Canada executives – Susan Finbow and Andrew Brown – are also joining Willis Towers Watson Canada. Kindbom will oversee all […]
By Greg Meckbach | July 17, 2019
The hard market continues in personal lines in Canada, with personal auto in Quebec seeing a significant increase in average premiums in Q2 2019, according to Applied Systems’ latest rating index. Last week, the insurance software vendor released its most recent premium rate index for personal auto and property lines across the country. Year-over-year and […]
By Jason Contant | July 17, 2019
Canadians have different concerns and beliefs about home and auto insurance depending on where in the country they reside, a new national survey commissioned by belairdirect has found. In British Columbia, one-third of respondents (34%) were concerned with the price of their auto insurance policy, more than any other region in Canada. Thirty per cent […]
By Jason Contant | July 16, 2019
ST. JOHN’S, N.L. – A search is underway for four people missing after a float plane crashed into a Labrador lake on Monday, killing three of the occupants. Jean Tremblay, president of the small Quebec airline that owns the plane, said he was informed by search and rescue officials that three of those aboard were […]
By The Canadian Press | July 16, 2019
Discounts on auto insurance for clients with an autonomous emergency braking system could get harder to find. In Nova Scotia, Wawanesa Mutual Insurance Company offers a 15% discount for vehicles with a model year of 2010 or higher that have a factory-installed autonomous emergency braking system. The insurer is proposing to remove the discount for […]
By Greg Meckbach | July 16, 2019
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