The reality is “insurers are not going to write business that is unprofitable. It’s not their function,” Muir-Wood said.

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DAS and Wawanesa partner to protect commercial customers with Legal Expense Insurance

Toronto, ON – DAS Legal Protection Inc. (“DAS”) is proud to announce a new partnership with The Wawanesa Mutual Insurance Company (“Wawanesa”), which protects its commercial policyholders when they encounter unexpected legal events.

“At DAS, we focus on providing Canadian small businesses with the help and assistance they need to ensure their legal risks are well managed. Our new partnership with Wawanesa, Canada’s largest P&C mutual insurer with a rich history and reputation, well advances this goal,” said Rissa Revin, CEO at DAS.

This partnership with DAS will make Legal Expense Insurance available to Wawanesa’s suite of Commercial Property & Casualty products.

“Bringing our two companies together strengthens our commitment to helping our customers get the right protection for their businesses. Wawanesa’s recognition of Legal Expense Insurance as a key differentiator provides their customers with another product innovation to extend the coverage provided by their commercial insurance,” said Alex Manning, Vice President of Sales and Marketing at DAS.

The comprehensive coverage is launching in Q1 2020 for new Wawanesa commercial policyholders, and Q2 2020 for existing Wawanesa commercial policyholders.

“We are delighted to partner with DAS and offer our commercial customers this important new protection,” said Tracy Riley, Wawanesa Vice President of Business Transformation. “Among its many benefits, Legal Expense Insurance can save customers money on their legal costs and give them a place to turn when they have legal questions. For our valued broker partners, this product offering provides yet another reason to recommend Wawanesa.”

Legal Expense Insurance is an essential piece of any business’ commercial insurance portfolio, offering policyholders financial protection against legal expenses and empowering them with general legal assistance for any legal matter. Covered insured events include contract disputes, employment disputes, tax audits, and many other common legal events a business owner can experience.

Legal expense insurance itself is rooted in a longstanding 100-year old history. It can be traced back to Le Mans, France in 1917, when the first company named D.A.S. (“Defense Automobile et Sportive”) offering legal expense insurance coverage opened its doors.

Interested in the history? Watch this video to hear the story behind it all.

About DAS Legal Protection Inc.

DAS Legal Protection Inc. (DAS) is the Canadian market leader and Managing General Agent (MGA) specializing exclusively in Legal Expense Insurance. Working with brokers and corporate partners, we create access to justice solutions so that Canadian individuals, families, and business owners can protect themselves from legal expenses, be empowered to pursue or defend their legal rights, and have unlimited access to legal resources. DAS Legal Expense Insurance policies are underwritten by Temple Insurance Company, and both companies are members of Munich Re (Group). To learn more, please visit www.das.ca.

About Wawanesa

The Wawanesa Mutual Insurance Company, founded in 1896, is the largest Canadian Property and Casualty Mutual insurer with $3 billion in annual revenue and assets of more than $9 billion. Wawanesa Mutual, with executive offices in Winnipeg, is the parent company of Wawanesa General, which offers property and casualty insurance in California and Oregon; Wawanesa Life, which provides life insurance products and services throughout Canada; and Western Financial Group, which distributes personal and business insurance across Western Canada. With over 5,000 employees, Wawanesa proudly serves over two million policyholders in Canada and the United States. Wawanesa actively gives back to organizations that strengthen communities where it operates, donating well above internationally recognized benchmarks for excellence in corporate philanthropy. Learn more at https://www.wawanesa.com/canada/.

His coverage officially lapsed on April 1. He was diagnosed with cancer on May 23.

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New RIBO Ethics CE Courses for 2020 renewal

New RIBO Ethics CE Courses for 2020 renewal

Who needs Ethics CE?

All RIBO Licensees

An update to the 2019 RIBO continuing education program includes a new Ethics category. All individual RIBO licensees, including Principal Brokers, Deputy Principal Brokers and Supervising Brokers must complete 1 hour of approved RIBO Ethics CE by September 30, 2020.

Ethics and the Insurance Professional Part 1 = 2 RIBO Ethics CE

Ethics and the Insurance Professional Part 2 = 2 RIBO Ethics CE

Ethics and the Insurance Professional Part 3 = 2 RIBO Ethics CE

Making the Right Ethical Decisions = 1 RIBO Ethics CE

These insurance ethics courses are included in the ILScorp General Insurance CE Course Subscription, a catalog of over 180 online insurance CE courses.

Purchase the Subscription to complete all your RIBO CE requirements in one place.

More Info on Subscription

Just need the RIBO ethics CE? Purchase one insurance ethics course for only $85.00

Purchase a Course $85

RIBO continuing education requirements vary by license and experience

Upon your RIBO license renewal, you must self-declare that you have obtained the required amount of continuing education credits. The Registered Insurance Brokers of Ontario (RIBO) recommends that you keep continuing education certificates for five years for random spot checks for compliance, but don’t worry,  ILScorp keeps your completed course continuing education certificates for up to seven years!

Continuing education requirements vary by license and experience, as follows:

Principal brokers and deputy principal brokers:

10 hours of continuing education credits accumulated between October 1 and September 30 subject to the following conditions:

All other licensed individuals:

8 hours of continuing education credits accumulated between October 1 and September 30 subject to the following conditions:

  • 1 hour minimum of RIBO Ethics CE
  • 3 hours of RIBO Technical CE
  • Maximum of 2 hours Personal Skills
  • Carryover of 8 hours is permitted each year however the minimum category requirements must be maintained.

Get RIBO CE Courses

Newly-licensed individuals:

  • The continuing education program of 8 hours every year between October 1st and September 30th will begin the first October following registration.
  • Newly licensed individuals are exempted for the remainder of the license year that they were registered

 

Volkswagen ordered to pay $196.5M in emissions scandal

By Nicole Thompson

THE CANADIAN PRESS

TORONTO — An Ontario judge has ordered Volkswagen to pay the Canadian government $196.5 million for its emissions-cheating scandal.

Judge Enzo Rondinelli made the sentencing decision hours after the company formally pleaded guilty to all 60 charges against it.

An agreed statement of fact says the German automaker imported 128,000 Volkswagen and Audi vehicles, along with 2,000 Porsches, that secretly violated emissions standards.

The Crown and Volkswagen jointly suggested the penalty, which falls short of the maximum $265 million the company could have been fined for the charges.

But the Crown says the penalty is more than 20 times higher than the record environmental fine in Canada of $7.5 million, which was handed to a mining company in 2014.

Rondinelli says the record fine marks “a new era” in punishment for environmental crimes in Canada.

Newfoundland Winter Storm: Advice and Information from Insurance Bureau of Canada

HALIFAX, Jan. 22, 2020 /CNW/ – In the aftermath of last weekend’s record-breaking storm in Newfoundland and Labrador, which brought more than 75 cm of snow and winds reaching hurricane levels of 160 km/hour, Insurance Bureau of Canada (IBC) is offering tips and advice for those who have been affected.

“To say that the recent blizzard disrupted the lives of many families across the province is an understatement. When you are able to safely assess any damage the storm may have caused to your property, your insurer is ready to take your call and to hear the details of any potential claims,” said Amanda Dean, Vice-President, Atlantic, IBC.

Safety Tips
Only if safe to do so, here’s what we recommend:

  • Clear snow from your roof and deck to avoid potential collapse, or hire a professional to clear the snow.
  • Keep snow and ice clear of natural gas or propane meters, exhaust vents and basement window wells.
  • Safely clear snow away from all windows.
  • If you need to drive, make sure to clear all snow and ice from your vehicle before you start out. Drive according to the conditions.
  • Keep your sidewalk and the front stairs of your house clear of snow and ice to prevent falls and injuries.

The claims process
If you have been affected by the winter storm, take the following steps (remembering to put safety first):

  • Assess and document any damage. Taking photos can be helpful.
  • Create a list all damaged or destroyed items.
  • Call your insurance representative and/or insurance company.
  • If possible, assemble proofs of purchase: photos, receipts and warranties. Keep damaged items unless they pose a health hazard.
  • If you have to move out of your home because of insured damage, check with your insurance representative about whether your policy includes additional living expenses coverage, which may cover your additional costs if you have to move into a hotel/motel.

Next steps
Once you have reported a loss, you will be assigned a claims adjuster.

  • You must ensure that nothing results in further damage. For example, covering any broken windows, as best possible, if it is safe to do so.
  • The claims adjuster will investigate the circumstances of the loss, examine the documents you provide and explain the process.
  • Take notes during these conversations and don’t be afraid to ask questions.

Resources
Anyone with questions should contact their insurance representative or, for general information, contact IBC’s Consumer Information Centre at 1-844-2ask-IBC (1-844-227-5422).

Additional resources
IBC.ca – Severe weather
IBC.ca – Water

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 $9.4 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 IBC on Twitter @InsuranceBureau and @IBC_Atlantic 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

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