Industry
Aviva Canada has announced the launch of Commercial Accident, an expanded insurance offering through its broker partners. With this new product, brokers can now provide member associations, volunteer groups/events, charitable organizations and businesses “expanded insurance coverage and limits without having to look to other markets to fill what had previously been a gap in coverage,” […]
By Canadian Underwriter | October 26, 2017
2 min read
OTTAWA – The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes, but suggested future increases are still likely, albeit at a more-gradual pace. In its scheduled announcement, the central bank said it held off this time in part because it expects the recent strength of the Canadian dollar to […]
By Jason Contant | October 25, 2017
3 min read
Brokers need to do more than just sit in their offices for eight hours a day, suggests Brian Purcell, president-elect of the Insurance Brokers Association of Ontario.
By Greg Meckbach, Associate Editor | October 24, 2017
5 min read
Manitoba Public Insurance’s (MPI) new centre for automotive research and training has been officially certified by Certified Collision Care, which has strategic partnerships with Fiat Chrysler Canada, Ford Motor Company of Canada and Nissan Canada for OEM certification. The new centre – located at the J.W. Zacharias Physical Damage Research Centre in Winnipeg – was […]
By Canadian Underwriter | October 24, 2017
The inland marine insurance industry has been one of the most profitable and consistent lines of business in the property and casualty industry over the past decade, according to a new special report from ratings firm A.M. Best Company. The Best’s Special Report, titled Inland Marine: Unique Risks and Knack for Profits, said that greater […]
The federal government is not going ahead with changes, proposed in July, that would have eliminated, for some, an exemption from paying income tax on capital gains realized by disposing of shares in small businesses. The lifetime capital gains exemption – currently at $835,716 and indexed to inflation – “provides an exemption in computing taxable […]
The Insurance Brokers Association of Ontario (IBAO) announced on Monday that it is formally suspending its sponsorship partnership with Aviva Canada “for the foreseeable future.” IBAO CEO Colin Simpson argued in a media release that “Aviva continues to leverage the Aviva brand for broker-distributed products and direct-to-consumer products, with an inconsistency around product availability and […]
Insurers and reinsurers can benefit by considering how near misses – such as an incident three months ago when an Air Canada Airbus A320 nearly landed on a taxiway with four passenger jets – might have become major disasters, Risk Management Solutions Inc. and Lloyd’s suggested in a report announced Friday. “Risk insight is gained […]
By Canadian Underwriter | October 23, 2017
Berkshire Hathaway Specialty Insurance (BHSI) said on Wednesday that it has expanded into inland marine product line in Canada with the launch of its motor truck cargo legal liability policy. The product protects against the legal liability exposure commercial truckers face when carrying third party goods, BHSI explained in a press release. The policy is […]
By Canadian Underwriter | October 18, 2017
The south central Ontario branch of the Canadian Automobile Association (CAA) is calling for provincial regulation of the towing industry following what it says are “continued instances of harrowing stories from motorists involving unscrupulous tow truck drivers on Ontario roads.” CAA South Central Ontario (CAA SCO) said in a statement on Wednesday that despite changes […]
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