Legal / Regulation
A Manitoba broker landed in hot water after filling in for a vacationing colleague whose commercial client wound up without business interruption coverage. Broker John C. McDonald was fined $250 for his role in the coverage mix-up. When McDonald’s work colleague first explained to the client how business interruption works, the client declined the coverage […]
By David Gambrill | February 5, 2019
3 min read
In Ontario, where about half the country’s auto premium is written, politicians say they want to work with the industry to bring down auto rates. But on the issue of auto reform, the province and the industry are not always steering in the same direction to reach the ultimate destination – lower auto rates for consumers
By By Sarah Cunningham-Scharf | January 16, 2019
7 min read
HALIFAX – A pair of reports slam the Nova Scotia government for failing to protect personal information, saying the risk management around its freedom-of-information website was inadequate and a privacy breach last year was preventable. In his report released Tuesday following a nine-month investigation, provincial Auditor General Michael Pickup says the breach was a “very […]
By Greg Meckbach | January 15, 2019
Canada’s largest property and casualty insurer is checking to see whether some of its auto insurance clients are using their phone while driving. If your auto client is insured by Intact under its My Driving Discount program, Intact can detect mobile phone use, company officials told Canadian Underwriter. “There are different levels of phone usage […]
By Greg Meckbach | January 11, 2019
Reforming auto insurance is top of mind for Jeff Gatcke, the new president of the Insurance Brokers Association of Ontario. “Our Number 1 priority would be working with insurance companies and the government on changes to the auto insurance product here in Ontario that I would say are sustainable and in consumer’s best interest,” Gatcke […]
By Greg Meckbach | January 9, 2019
Concerns from insurers about boiler explosions has prompted an Ontario safety watchdog to recommend more regulatory oversight of pressure vessels and boilers used in wineries and other agricultural operations, the auditor general noted in a recent report. “Ontario is the only province in Canada where boilers and pressure vessels used in agricultural operations such as greenhouses, […]
By Greg Meckbach | December 12, 2018
2 min read
Identity theft risk increases when banks release customer information to government agencies doing research, an Ontario politician suggests. “The more information flows around, the more likely there is to be a hacking. It’s just like the more you are driving on the highway, the likelier you are going to get in an accident,” Stephen Crawford, […]
By Greg Meckbach | December 11, 2018
Data breaches are all over the news, but convincing some corporate clients to spend in the neighbourhood of $1,000 a year for insurance coverage can be an uphill battle. Some cyber insurance products cost around $100 a year, but those are “very rudimentary,” suggests Ray Arndt, president of Lyon & Butler Insurance Brokers Ltd., based […]
By Greg Meckbach | September 24, 2018
Legislation on autonomous vehicles needs to be ironed out well in advance of these vehicles becoming mainstream to prevent insurance payout disputes before an injured party receives compensation, an insurance lawyer said recently. Jonathan Grnak, an insurance lawyer with Danson Recht LLP in Toronto, noted in the current auto insurance regime, an insurer will not […]
By Jason Contant | September 11, 2018
Canadian provinces seeking guidance on addressing liability issues of autonomous vehicles could look to the United Kingdom as an example, an insurance lawyer told Canadian Underwriter Friday. The UK has a bill in the reading stages that, if passed, would implement changes to the equivalent of Ontario’s Highway Traffic Act to ensure autonomous vehicles are […]
By Jason Contant | September 10, 2018
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