Risk
Calgary’s flooding in 2013 may have left an indelible impression on the insurers that underwrote the risk, but not so much for Calgary residents. “There’s an education piece that is missing” for homeowners, Tim Haney, a sociology professor at Mount Royal University in Calgary, wrote last week in an e-mail to Canadian Underwriter. Haney was […]
By Greg Meckbach | March 16, 2018
2 min read
The Supreme Court of Canada will not hear an appeal from an Ontario auto insurer over a motorist who claimed accident benefits coverage after being scalded by hot coffee in a stationary car. Canada’s highest court announced Thursday it has dismissed an application from Aviva Canada for leave to appeal the Court of Appeal for […]
Winter tires were not installed on the rear of a school bus that was destroyed after being stuck crossing a railway track in slippery conditions, the Transportation Safety Board of Canada said in a recent report. A bus was picking up students near Colborne, Ont., about halfway between Toronto and Kingston, when it stopped before […]
By Canadian Underwriter | March 15, 2018
Looking to advise homeowners on ways to reduce basement flood risk? Consider reminding consumers to shut off the water flowing to the garden hose in winter. FirstOnSite Restoration sees a lot of incidents where homeowners forget to shut off the valve that lets the water flow to the outside tap, said Kevin Clarke, executive vice […]
By Greg Meckbach | March 14, 2018
If you want to keep your cargo safe, it’s best to keep it moving, Insurance Bureau of Canada (IBC) warns. Linked to the involvement of organized crime, cargo theft is described as an “epidemic” in Canada, with a total loss of $181 million in stolen cargo and equipment between 2014 and 2017. “Any loaded trailer […]
By David Gambrill | March 13, 2018
3 min read
The “unintended consequences” of legalizing marijuana will increase the risk of accidents in British Columbia’s forestry and oil and gas sectors, one politician warns, while a Saskatchewan government official said Thursday all workplace policies need to address cannabis use. Brokers and insurers alike are concerned about the impact of marijuana legalization on vehicle accident risk. […]
By Greg Meckbach | March 9, 2018
Despite the fact that British Columbia’s government monopoly auto insurer lost almost $1 billion in the first nine months of last year alone, brokers in the province are not seeing a push from motorists to open the market to competition. “Nobody [in B.C.] is particularly convinced that increased competition or even privatization or an open […]
By Greg Meckbach | March 7, 2018
Aviva Canada has launched a new commercial product that allows a company’s different business operations to be included on one policy. This consolidation is intended to make it easier for brokers to offer limits and extensions for different segments. In the past, individual product offerings for different business segments could not be combined onto a […]
By Jason Contant | March 6, 2018
VICTORIA – Major shifts in direction are being considered to ensure good drivers in British Columbia receive lower insurance rates, says the minister responsible for the province’s public auto insurer. David Eby said the government introduced an online survey Monday that poses questions about the public mood to realign coverage at the Insurance Corp. of […]
A mobile app designed to help homeowners get a discount on insurance premiums by reducing flood risk should be on the market within a year, an Insurance-Canada.ca Technology conference speaker said Tuesday. The Intact Centre on Climate Adaptation at the University of Waterloo is helping to develop the app, which would ask homeowners “questions along […]
By Greg Meckbach | March 1, 2018
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
