New ICBC regime increases care costs, but cuts drivers’ ability to sue for pain and suffering

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Peel Mutual Insurance First in Canada to Launch Hi Marley

Peel Mutual Insurance looks to drive customer centric experience with Hi Marley’s AI-based texting platform built specifically for insurance.

BOSTON, Feb. 18, 2020 /CNW/ — Peel Mutual, one of the largest members of the Ontario Mutuals, is also committed to being the best mutual insurer in Ontario. As a forward-thinking organization that continually looks to innovative, Peel Mutual has launched Hi Marley to continue to deliver an outstanding customer experience built on trust.

Peel Mutual is leveraging Hi Marley to assist in their auto, home and business claims teams. Their aim to be the first insurance carrier offering Hi Marley in Canada is differentiating them by committing dedication to their insureds. They seek to provide a seamless and simple texting solution for their policyholders and offer modern day technology advancements for their claims adjusters.

Irene Bianchi, CEO for Peel Mutual, says, “We are so excited to start the new year off with a better communication commitment to our policyholders. We strive to leverage cutting edge technology in a simple way that today’s customers just expect.”

Dan Heap, VP of Claims, adds, “We are proud to offer not just a texting solution for our insureds, but also a more simple and efficient way for our team to handle claims.”

The Hi Marley platform addresses a significant industry issue of phone tag by connecting carriers and customers through two-way texting. They can communicate and exchange pictures and document, while the insurance-specific AI enables the process. Carriers can start with zero IT effort, delight customers with exceptional service and resolve claims faster. After successful results with US insurers, Hi Marley is now available in Canada.

Mitesh Suchak, COO of Hi Marley, said, “We are thrilled to be working with Peel Mutual and their innovative team. It is very exciting to support them as the first carrier to offer Hi Marley in the Canadian marketplace.”

About Hi Marley, Inc.

Hi Marley is a software provider offering the first AI-enabled conversation platform specifically designed for the insurance industry.  Hi Marley enables insurance carriers to easily and quickly communicate with customers and other partners in the insurance ecosystem so they can deliver an optimal customer experience. The platform has flexible APIs and requires zero integration to get started. Learn more at  www.himarley.com.

About Peel Mutual Insurance

Peel Mutual has been providing quality insurance products and serving Ontario residents since 1876. As one of the largest members of the Ontario Mutuals, we are owned and directed by our policyholders and represent one of the strongest, most secure financial networks in the world. We offer a complete line of residential, automobile, farm and commercial insurance products tailored to protect you and your family. Learn more at www.peelmutual.com.

SOURCE Hi Marley, Inc.

Related Links

https://himarley.com

74 year old man taking driving test killed after train strikes car in Montreal

MONTREAL _ A 74-year-old man taking a driving test in Montreal was killed Tuesday when a commuter train struck the car he was driving.

The examiner, an employee of Quebec’s motor vehicle insurance agency, who was seated next to the driver, suffered critical injuries and was taken to hospital.

Police say the collision occurred in the city’s north end at a level railway crossing on Gouin Boulevard, near the river that separates Montreal from its northern suburb.

Mario Vaillancourt, spokesman for the Societe de l’assurance automobile du Quebec, said the 74-year-old was being re-evaluated for a driver’s license.

Vaillancourt said the type of exam the man was taking “is often tied to someone’s health condition,” though he declined to discuss the specifics of the collision.

“We ask that they take a road test” to evaluate whether the person can still drive safely, Vaillancourt said.

The SAAQ released a statement Tuesday afternoon offering condolences to the 74-year-old’s family. “A team has been deployed … to meet with staff members to provide them with the necessary psychological support,” the agency said.

The Transportation Safety Board of Canada said it has dispatched an investigator to the railway crossing to gather information about the collision, which occurred around 9:30 a.m.

Montreal police said the driver was transported to hospital in critical condition and died there shortly after, while his 33-year-old passenger was in hospital in critical condition.

No one was injured aboard the train, which is operated by the regional transit agency Exo.

January storm caused over $95 million in insured damage

TORONTO, Feb. 18, 2020 /CNW/ – The January 10 to 12 storm in southern Ontario and Quebec caused over $95 million in insured damage, $81.6 million in Ontario and $13.7 million in Quebec, according to Catastrophe Indices and Quantification Inc.* Most of the damage was to personal property.

In southern Ontario, overnight temperatures rose to record-breaking highs of between 10°C and 15°C prior to the storm. The rain began on January 10 and continued through to January 11, and on January 12 turned to snow. From Windsor to London, 60 to 70 mm of rain fell. In Toronto, 78 mm of rainfall was recorded. The Ottawa Airport reported 34 mm of rain, and 12 cm of snow and ice pellets.

On January 11, rain began in Montreal where the afternoon high reached 6.5°C, then came freezing rain as the cold front passed through. After midnight, the freezing rain became mixed with ice pellets, then there was an ice pellet-snow mix and later snow. Montreal received 40 mm of rain, and 13 cm of snow and ice pellets.

The combination of frozen ground, snowmelt and heavy rain led to widespread overland flooding, sewer backups and seepage. There were significant reports of flooded basements and multiple flooded roads, which resulted in closures across southern Ontario and Quebec. Wind damage was also a factor, especially in the Niagara Peninsula. Thousands of citizens were without power. The strong winds caused storm surges, which resulted in road closures in Fort Erie, Ontario.

“We continue to see the devastating consequences of severe weather events happening ever more frequently and with greater intensity,” said Kim Donaldson, Vice-President, Ontario, Insurance Bureau of Canada (IBC). “In particular, storms with severe winds that cause flooding are becoming more common. While the insured damage from these storms is significant, the total economic cost to all stakeholders, government, and personal loss to homeowners is even greater.”

Both taxpayers and insurers share the cost for severe weather damage. For every dollar paid in insurance claims for damaged homes and businesses, Canadian governments and taxpayers pay out much more to repair public infrastructure that the severe weather damages.

“It is important that property owners take precautions and protect their properties to minimize potential damage,” continued Donaldson. “They should also understand their insurance policies and know whether they have overland flood coverage.”

Visit IBC’s website for information on how to prepare for a disaster and ways to prevent flood damage to your home.

* Catastrophe Indices and Quantification Inc. (CatIQ) estimated the amount of insured damage under licence to IBC. For more information on CatIQ, visit www.catiq.com.

About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada’s private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.

P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 128,000 Canadians, pays over $9 billion in taxes and has a total premium base of $59.6 billion.

For media releases and more information, visit IBC’s Media Centre at www.ibc.ca. Follow us on Twitter @IBC_Ontario or like us on Facebook. If you have a question about home, auto or business insurance, contact IBC’s Consumer Information Centre at 1-844-2ask-IBC.

SOURCE Insurance Bureau of Canada

www.ibc.ca

Sun Life Global Investments reduces risk rating for Sun Life Real Assets Fund

ORONTO, Feb. 13, 2020 /CNW/ – Sun Life Global Investments (Canada) Inc. (“Sun Life Global Investments,” “SLGI”) today announced a risk rating change for Sun Life Real Assets Fund. Effective immediately, the risk rating for this fund has been lowered from “medium” to “low to medium.”

In accordance with the investment risk classification methodology mandated by the Canadian Securities Administrators, Sun Life Global Investments reviews the risk ratings of its funds at least once a year, as well as when a fund undergoes a material change.

The Sun Life Real Assets Fund’s risk rating changed following an annual review that was conducted as part of Sun Life Global Investments’ ongoing fund review process. While the fund will be renamed to “Sun Life Real Assets Private Pool,” effective on or about February 26, 2020, the investment objectives and strategies of the fund remain unchanged.

About Sun Life Global Investments (Canada) Inc. 
Sun Life Global Investments is a subsidiary of Sun Life Financial Inc. It offers Canadians a diverse lineup of mutual funds and innovative portfolio solutions, empowering them to pursue their financial goals at every life stage. We bring together the strength of one of Canada’s most trusted names in financial services with some of the best asset managers from around the world to deliver a truly global investment platform. As of January 31, 2020, Sun Life Global Investments manages $29.68 billion on behalf of institutional and retail investors from coast-to-coast and is a member of the Sun Life group of companies. For more information visit www.sunlifeglobalinvestments.com or connect with us on Twitter @SLGI_Canada.

About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2019, Sun Life had total assets under management of $1,099 billion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Note to editors: All figures in Canadian dollars

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

© Sun Life Global Investments (Canada) Inc., 2020. Sun Life Global Investments (Canada) Inc. is a member of the Sun Life group of companies.

Media Relations Contact:
Alexandra Locke
Manager, Corporate Communications
T. 416-408-7357
Alexandra.locke@sunlife.com

SOURCE Sun Life Global Investments (Canada) Inc.

Related Links

http://www.sunlife.com

Government of Canada helps grain farmers manage risk and build public trust

Grains sector backed to develop export rejection insurance

The excerpted article was written by 

The organization representing Canada’s crops sector will get public funding to develop an insurance plan against the “unpredictability” of export customers.

Federal Agriculture Minister Marie-Claude Bibeau, speaking Wednesday at the CropConnect conference in Winnipeg, announced over $430,000 for the Canada Grains Council to develop a pilot insurance product for grain exporters.

Such an insurance plan would go to “address the risks they face of having their shipments rejected at the border of the importing country,” the government said.

Ottawa “wants to insure that grain farmers are protected against the unpredictability of the international market and the risks of regulatory trade barriers, particularly around the input residues on seeds,” the government said in a release.

The council will also get $789,558 toward developing a voluntary “code of practice for farm production of Canadian grains.”

The guidelines to be developed “will help farmers encode the best practices to follow to be considered sustainable, for both market and public trust purposes,” the government said.

The codes for crops would “cover a range of topics, including fertilizer management, pesticide use, soil management, farm workers and protection of wildlife habitat, as well as food safety and work safety.”

‘Market readiness’

The Canada Grains Council, in operation since 1969, represents the crops value chain nationwide and is tasked with spearheading efforts to boost sales and use of Canadian grain in domestic and international markets.

Public money for the CGC’s insurance project will flow through AgriRisk Initiatives (ARI), a five-year, $55 million program to support development of new risk management tools through the federal/provincial; Canadian Agricultural Partnership funding framework.

The code of practice project will be backed via the federal AgriAssurance program, budgeted for up to $74 million over five years to help ag sector groups develop “systems, standards and tools that enable them to make credible, meaningful and verifiable claims about the health and safety of Canadian agricultural and agri-food products, and the manner in which they are produced.”

Codes of practice for production aren’t new to Canada’s ag sector; similar codes for care and handling of various types and breeds of livestock are today being developed and updated by the National Farm Animal Care Council, which was set up in 2005.

The $1.2 million total funding envelope announced Wednesday for the grains council is expected to help address “two key issues facing the sector: better risk management tools and market readiness,” Bibeau said in the government’s release.

“Despite Canada’s solid reputation worldwide as a high-quality and trustworthy provider of grain and oilseed products, we cannot take this for granted,” CGC president Tyler Bjornson said in the same release.

“Exploring new ways to help producers and industry address market access risks, as well as maintain consumer confidence that we are doing the right things to produce sustainable and safe food, are an essential part of our long-term strategy as a sector.” — Glacier FarmMedia Network

Source: AGCanada.com

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