Risk
Hub International Ltd. continues to buy Canadian property and casualty brokerages, with the acquisition of Ottawa-based Access Insurance Brokers Inc. as well as a Saskatchewan provider of farm insurance. Chicago-based Hub announced Monday it has acquired Frontier Business Centre Ltd., which does business as Hometown Insurance Brokers. The brokerage is based in Vonda, Sask., about […]
By Greg Meckbach | September 11, 2018
2 min read
OXFORD, N.S. – A large sinkhole that has swallowed trees and picnic tables in a Nova Scotia park has now taken a bite out of a parking lot, as the natural phenomenon continues to capture the attention of geological experts and curious onlookers alike. The Town of Oxford said Friday the unpredictable sinkhole had remained […]
By The Canadian Press | September 5, 2018
3 min read
Two months after Economical Insurance submitted its demutualization proposal to the federal government, another federally-regulated mutual has all but completely ruled out demutualization. There is “no desire” for demutualization at Heartland Farm Mutual Inc., Louis Durocher, Heartland’s new president and CEO, confirmed in an interview. He did not go so far as to say the […]
By Greg Meckbach | September 4, 2018
The newly-elected Ontario government should let carriers change their rates without approval from the Financial Services Commission of Ontario, the president of a mutual that writes auto contends. It “makes sense” to require insurers to file rates with FSCO “but I don’t think we should have to get approval before we can proceed with new […]
By Greg Meckbach | August 30, 2018
If carriers do what one insurance defence lawyer advises, your clients could get new exclusionary language in their home insurance policies as a result of cannabis legalization. Insurers who are concerned about the risk of fire and burglary arising from cannabis grow-ops may be adding marijuana-related exclusions when renewing homeowners’ policies. So now Canadian home […]
By Greg Meckbach | August 29, 2018
OTTAWA – Justice Minister Jody Wilson-Raybould is giving the green light to a new roadside test to check for drugs. On Monday, Wilson-Raybould approved the Drager DrugTest 5000 as the first saliva screening equipment to be used by law enforcement to test for THC, the main psychoactive agent in cannabis. The equipment will now be […]
By The Canadian Press | August 28, 2018
1 min read
A client occupying a tall wood building could face higher insurance costs, a group of masonry producers claims, while one fire insurer confirms such a building deserves closer scrutiny from an underwriter. Your insurance premiums would be higher as an owner of a tall wood building, warned Paul Hargest, president of the Canadian Concrete Masonry […]
By Greg Meckbach | August 27, 2018
Representations and warranties (R&W) insurance is becoming a hot market, as commercial clients wonder whether mergers and acquisitions could expose them to unforeseen liabilities. In Canada, the R&W market “has really expanded,” according to Brian Kelly, a Montreal-based managing partner for risk management at the commercial brokerage BFL Canada Risk and Insurance Services. He spoke […]
By Greg Meckbach | August 24, 2018
VANCOUVER – Winemakers can only hope the scent of smoke that’s in the air across British Columbia from wildfires won’t swirl in the glass once this year’s vintages have been bottled. Smoke-shrouded grapes can give an ashy, bitter flavour to wine and tests have been developed to help growers assess the quality of their grapes, […]
By Jason Contant | August 24, 2018
Figuring out which tires should be used in winter is a risk management challenge for many school bus operators, a federal safety organization warned Wednesday. “If school bus operators do not have access to independent and objective assessments of winter tire performance, there is an increased risk that the most suitable winter tire will not […]
By Greg Meckbach | August 23, 2018
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