Risk
New research is digging in to why fracking causes earthquakes in some areas but not in others. A paper published Monday in Geophysical Research Letters suggests the likelihood of an artificial earthquake is heavily influenced by how stable the ground was before the energy industry showed up. “Some places appear to be particularly responsive to […]
By Jason Contant | October 29, 2018
3 min read
Large corporate clients often face unexpected tax bills in the millions – and companies are looking for insurers willing to share the risk. Aon Canada has meetings scheduled with several Canadian law firms to brief them on how tax insurance works, said Jason Stone, vice president of transaction solutions at Aon Canada. “The interest in […]
By Greg Meckbach | October 25, 2018
2 min read
A recent prank by an anonymous street artist shows that collectibles – which require special insurance – can become more valuable if they are damaged. “Normally when a piece of art is damaged, it would drop in value,” Kelly Juhasz, principal of Toronto-based Fine Art Appraisal, said in an interview. This was not the case, […]
By Greg Meckbach | October 24, 2018
OTTAWA – The Bank of Canada raised its trend-setting interest rate Wednesday and sent signals that future hikes could be upon Canadians sooner than previously expected. With a big source of trade uncertainty finally out of the way, the central bank delivered a quarter-point rate increase for the fifth time since the summer of 2017. […]
By Jason Contant | October 24, 2018
4 min read
After much hand-wringing about the impact of a postal strike on the insurance industry, rotating strikes by Canada Post workers have seemed to have had little impact on major insurers. Aviva Canada told Canadian Underwriter Tuesday the immediate impact of the rotating strike action is that customers could see a delay of up to two […]
By Jason Contant | October 23, 2018
A recent experiment in Montreal shows that people who smoked a small fraction of a joint were much riskier drivers than if they drove sober, the Canadian Automobile Association suggests. CAA funded a study at the Research Institute of the McGill University Health Centre in which occasional users of cannabis did a series of practical tests using both a […]
By Greg Meckbach | October 22, 2018
Three relatively strong earthquakes were recorded Sunday night in the Pacific Ocean off Vancouver Island. The U.S. Geological Survey reported a 6.6 magnitude quake about 260 kilometres west of Tofino, followed by a 6.8 tremor and then a third measuring 6.5. Survey geophysicist Zachary Reeves said all three quakes occurred in the same general area […]
By The Canadian Press | October 22, 2018
Commercial brokers advising Canadian clients with operations in foreign countries need to understand consumer protection and pollution laws in those countries. “It’s up to a broker to make sure that he or she is well versed in what those countries’ rules and regulations are. You have to be absolutely sure that you are keeping up […]
By Greg Meckbach | October 21, 2018
The first day of legalized recreational pot use is now upon us, launching an era in which insurers will ask homeowners about their plans to partake – and if so, how much. “One of the big concerns that has been expressed to me over and over [by insurers] is the possibility of people taking advantage […]
By David Gambrill | October 16, 2018
Manitoba Public Insurance (MPI) is continuing its low-interest Winter Tire Program, which has helped keep provincial auto insurance rates in check, the public insurer said last week. Prior to the introduction of the program four years ago, Manitoba had one of the lowest rates of winter tire use in Canada, Manitoba Crown Services Minister Colleen […]
By Jason Contant | October 15, 2018
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