Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
A surprise majority for the Liberals in the recent election is expected to set a different tone in Queen’s Park after almost 3 years of minority government. A minority government is all about survival, there is no long-term planning. The Liberals…
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While fibbing on an address may seem harmless enough, it’s a practice known as rate evasion, and it’s considered a form of insurance fraud.
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Every day we read of yet another hospital, hotel, restaurant or retailer that has been the latest victim of a cyber attack. According to a new report issued by Ponemon Institute, a full 59% of IT security professionals in Canada…
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The Court of Appeal for Ontario has released a decision dealing with whether Ontario has jurisdiction over a case stemming from a motor vehicle accident in Alberta. In Tamminga v. Tamminga, an Ontario resident was injured when she fell off a…
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At this is being written, Western’s University’s Storm Damage Assessment Team is on the ground in Angus, Ontario working with Environment Canada (EC) to rate a tornado that ripped through town at about 5:20 p.m. on June 17. The team…
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We are just a few days away from the publication of our next IBM Institute for Business Value insurance study.
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The Liberals will have a challenge bringing down rates further without a few significant systemic changes.
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Prior to the $700 million wildfire in Slave Lake, Alberta in May 2011, ICLR was on record warning the Canadian insurance industry of a $1 billion wildfire loss event in the country. And while $700 million isn’t $1 billion (even when…
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There has been much discussion about the introduction of vehicle telematics to the Canadian insurance marketplace. The idea of usage-based insurance (UBI) is that a driver’s behaviour is monitored in real time while the person drives. This information is then…
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On July 1, 2014, the first phase of a federal law called Canada’s Anti-Spam Legislation (CASL) comes into force. Intended to protect consumers from unwanted electronic commercial solicitation in their email inboxes, social media feeds and instant messaging accounts, CASL…
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Innovation ecosystem. Open innovation. The combination of these two empowers the collaboration and the sharing of knowledge, information, and ideas that are accelerating innovation today, helping to reimagine industries and companies. Why is an ecosystem so powerful and so critical?…
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When an insurer denies coverage to its insured, and the insured elects not to contest the denial, does this mean that others involved in the action cannot test the denial of coverage? Can a co-defendant (particularly an uninsured carrier in…
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The licensing process for auto insurance service providers, first recommended by the Auto Insurance Anti-Fraud Task Force in 2012, has officially begun. As if June 1, the application process was opened up by FSCO. Service providers must be …
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Last spring, a colleague and I had just wrapped up another day at a joint claims and underwriting audit in Hamilton, Bermuda. As we walked back to our hotel, we wondered aloud as to which emerging risk would next impact…
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