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Basement flooding course rolling out in Canada soon

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According to one insurance executive, brokers in Canada will soon be able to study a course in basement flooding risk. Blair Feltmate, head of Intact Centre on Climate Adaption spoke to Canadian Underwriter this week and said such a course will likely be available during 2018 or 2019. Feltmate

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Montreal borough limits Airbnb rentals

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One borough in Montreal has taken option to thwart the growing sharing economy. Specifically, the borough has implemented new rules that will limit the number of short-term rentals from companies like Airbnb that are allowed in the downtown area of the city. A new motion was voted in on Tuesday

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Canadian brokers: slow to digital, quick to cloud

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Independent brokers in Canada and three other nations are not adopting digital technology fast enough, although brokers in the country are increasingly embracing cloud hosting. That’s the view of a report from software provider Applied Systems. In its 3rd annual Applied Digital Brokerage

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Record May windstorm in Ontario was a rare event says forecaster

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The May 4 windstorm that hit southern Ontario and particularly the Windsor region was a rare event, according to one weather forecasting company. Indeed, that storm has been described as a damaging event that does not happen often, making it tough to prepare for in catastrophe modelling

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Brokers must put customer care first argues underwriter

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The customer experience is arguably the most important thing the property and casualty insurance industry can do to grow, perhaps more vital that what products are on offer. Jenny Hallahan, manager of underwriting for Listowel-based Trillium Mutual Insurance Company says good customer can be a

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As Fort McMurray claims continue, town faces new wildfire threat

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In May 2016, the Albertan town of Fort McMurray was hit by a huge wildfire that resulted in a month-long evacuation of 90,000 people. It also became the biggest insurance loss in Canadian history. So much so, the effects of the event are still being felt with hundreds of claims still open. However,

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Hurricanes are not happening more often suggests expert

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Are hurricanes happening more frequently or can we simply detect them better or report on them more frequently? Bob Robichaud, a warning preparedness meteorologist for the Canadian Hurricane Centre (CHC) suggests that forecasting may be the reason there seems to be more storm activity. Robichaud

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Canada looking to UK-style government flood insurance

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The idea of government-backed overland flood coverage has long been mooted as necessary in Canada. According to an Insurance Bureau of Canada (IBC) official, the government in Ottawa is now considering a flood insurance system. Such an implementation would be based on the UK’s Flood Re program,

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Liberals make last-ditch election effort with auto insurance discount promise

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The ruling Liberals are in danger of losing control in Ontario. Polls show that the party is likely to lose this Thursday’s elections. In a bid to win over voters, the Liberals are now promising deep auto insurance cuts for motorists who use applications to prevent distracted driving. This is

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Ontario windstorms costliest insurance event in province since 2013

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Catastrophe Indices and Quantification Inc. (CatIQ) has confirmed the early May windstorm that hit Ontario was a rare event catastrophe that was the costliest insurance loss since the 2013 Toronto floods. In a report on Friday, CatIQ said the total damage in the province and in Quebec totalled $410

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Autonomous vehicle technology facing major challenges

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Autonomous vehicles will one day be able to completely control a vehicle with zero passenger input. We are still years away from that, but already it is expected driverless cars will reduce collisions and change the auto insurance landscape. However, the road to that outcome is uncertain and current

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Consumers would change insurer for autonomous vehicle discounts

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The auto insurance industry is bracing itself for future autonomous vehicles to deeply disrupt the market and change how vehicles are insured. Liability will change, while collisions will decrease, and premium costs fall. More importantly, consumers will change how they view and purchase auto

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Tesla could bring auto insurance program to North America

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Tesla is pushing forward with its plans to create its own auto insurance division, which would allow customers to directly cover vehicles like the Tesla Model S directly with the company. The US-based automaker is among the first vehicle manufacturers to actively pursue proprietary insurance, but is

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SGI announces fund towards Canadian Red Cross disaster relief

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Saskatchewan Government Insurance (SGI Canada) has announced a collaboration with the Canadian Red Cross in an effort to help people in Saskatchewan who have been affected by disasters. “SGI Canada is proud to support our communities and the Red Cross, and help in times of need,” SGI minister

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Insurers paying more than ever on auto insurance claims

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Property and casualty insurance companies in Canada have paid more in claims so far this year than they did compared to the same period in 2017. Canada’s solvency regulator says companies have paid $585 million over last year’s amount. As a result, net incurred claims costs in auto increased

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Customers are tempted to lie to avoid paying for territorial assessment

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We already know that political parties are using auto insurance as a vote grabbing topic for the upcoming Ontario elections. All major parties say they will put an end to territorial ratings, where insurance companies assess premium cost based on address. Carriers argue territorial ratings are

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Winter tires reduce claims says CAA Ontario

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Every winter, drivers are either mandated to install winter tires or receive auto insurance discounts for using them. Many provinces in Canada make winter rubber law during the cold season, although in Ontario it is an option for motorists. In an effort to get more drivers to install winter

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Motorists tasked with proving physical contact in collisions with unidentified vehicles

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Alberta lawmakers are continuing to be divided on whether victims must prove contact after being hit by an unidentified vehicle. The Court of Appeal in the province says motorists involved in a collision with an unidentified vehicle must prove “physical contact”. Additionally, the appeals

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Does B.C. flood program clash with flood insurance?

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Floods are yet again a hot insurance topic with several events around Canada this spring. British Columbia is no different, where recent floods in Grand Forks and other regions have raised questions. Typically questions like what does an overland flood policy actually cover and does the government

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Consumers in B.C. accept auto insurance fraud as an “accepted practice”

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The Insurance Corporation of British Columbia (ICBC) has published the results of a survey that finds nearly half of polled customers accept auto insurance fraud is an “accepted practice” in B.C. Indeed, most respondents believe claims all contain an “element” of fraudulent

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