Insurance Blogs hosted by Canadian Underwriter
Insurance Blogs hosted by Canadian Underwriter
There is an old joke that has a young Senate intern at a fairly high-level Washington, D.C. cocktail party. The intern approaches a four-star general standing alone and engages in small talk. “Wow, that’s a lot of medals you have…
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In our first article in the Priority Dispute Series, I provided an overview of Ontario’s accident benefit priority dispute scheme and the process necessary to pursue and dispute priority. To recap: The priority pecking order is found in subsections 268 (2) to…
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It’s a Friday afternoon before a long weekend, of course, and you’ve just received a potential SABS priority dispute. A new Application for Accident Benefits arrives on your desk and the claimant alleges that she was in your insured’s vehicle…
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After a string of costly and disruptive floods in Canada in recent years, beginning with the $1.5 billion insured loss event in Southern Alberta in June 2013 and the $1 billion insured event in Toronto just a few weeks later,…
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Some claims made by climate science deniers would be downright hilarious if they weren’t so dangerous. I mean, I really don’t know where people come up with some of the things they maintain are fact. And I really don’t get…
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The banking industry is perceived as the most advanced in their understanding and implementation of risk management. Although banks have indeed made huge progress in risk management, two areas all banks can improve is the structure used in conducting their…
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The 2019 Ontario Budget is out and there’s some positive news for auto insurance consumers.Finally, a government in Ontario takes a slightly different approach to repairing a damaged auto insurance product. For too long, the focus has been largely on n…
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Let me start by saying that some of the best managed and most profitable brokerages in Canada are employee-owned. We believe that every succession planning process should, at the very least, consider this option. When talking about management buy-ins, a…
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Cybersecurity vulnerabilities are an increasing concern for every company in every industry. Year over year, data breaches increase by 75%. Why are they becoming more prevalent, and how can you protect your business? Before you can protect your company from…
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Insurance and insurers have been around for millennia, with modern insurance starting in the U.K. more than 300 years ago. For much of this time, incumbent insurers have been protected from competition by four big barriers: regulation, the law of large numbers, the trust nature of insurance, and, last but not least, the inertia of […]
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Nine provinces and one territory in the country have formal disaster assistance programs designed to help homeowners, renters, small business owners, not-for-profits and local governments recover after a loss event. Prince Edward Island, Yukon and Nunavut do not currently have…
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For the first time, reputation risk, organizational culture, and cybersecurity have all landed among the top five risks in the energy industry. How can energy companies tackle all of these risks without wasting time and money on additional resources? This…
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Even a $1 trillion company cannot hide in the See-Through Economy. After a fourteen-year-old boy discovered a serious bug in Apple’s group FaceTime feature, his mother e-mailed, faxed, and tweeted the report to Apple. However, it wasn’t until after her…
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Insurance Bureau of Canada attempted to respond to a recent piece on the Fort McMurray Alberta rebuild following the fire in 2016. The magazine has not printed the response. The following is IBC’s position. The recent article by Nicholas Köhler…
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