Daily News

Usage-based insurance take-up in Quebec not a real success to date

OTTAWA - Quebec is not being as aggressive as Ontario with regard to telematics since the take-up for auto usage-based insurance (UBI) products has been lackluster to date, Guy Parent, general manager of Le Regroupement des cabinets de courtage...
Oct 24, 2014 11:01AM

Replacement cost must be considered when determining potential effect of smart home technology

OTTAWA - Smart home technology offers significant promise in getting the number of losses down, but replacement costs must also be considered to capture a complete picture of its potential effect, Bob Tisdale, president and chief operating...
Oct 24, 2014 10:32AM

CDC details teams being put together to prepare for and respond to future U.S. Ebola cases

ATLANTA - New federal Ebola response squads - likened to public health SWAT teams - are being readied to rush to any U.S. city where a new Ebola case might be identified, officials say.
Oct 23, 2014 3:22PM

Willis Canada gets new head of financial institutions practice

Willis North America has appointed Roger Hacala as senior vice president and Financial Institutions Practice Leader for Willis Canada.
Oct 23, 2014 2:53PM

EMEA-region insurers expect to sell more business units than they buy over the next three years

More insurance companies in the Europe, Middle East and Africa region view themselves as sellers of business units, as opposed to buyers, over the next three years, Towers Watson reported this week.
Oct 23, 2014 2:11PM

Demand for stand-alone cyber increases, with premium increases for point-of-sale retailers: Willis

Willis Group Holdings plc predicts commercial property insurance rates will fall in 2015, there will be "modest increases" in aviation rates while terrorism rates will decline or remain flat if the United States government passes a law...
Oct 23, 2014 10:57AM

Traditional business model needs to change, Ontario brokers told

OTTAWA - Ontario brokers should understand that the competitors they have today could be different than those they have five years from now – one reason the traditional business model will need to change, Chris Floyd, president of the...
Oct 23, 2014 9:29AM

Brokers need to adapt to changes in behaviour, expectations and technology

There is a decided shift in the behaviour of Millennials compared to the youngest generation, a shift that those in business, including insurance brokers, will need to address, John Spence, an executive consultant, trainer and author of four...
Oct 22, 2014 6:50PM

Insured losses in Bermuda from Hurricane Gonzalo to range between $200 million and $400 million

Insured losses in Bermuda from Hurricane Gonzalo will range between $200 million and $400 million, catastrophe modeling firm AIR Worldwide reported Wednesday. All figures are in U.S. dollars.
Oct 22, 2014 3:23PM

Drug-related teen driver fatalities catching up to alcohol-related deaths

The number of teen fatalities in auto collisions involving drug use rose significantly between 2000 and 2010, to a point that is as serious as drinking and driving, according to a new review from State Farm.
Oct 22, 2014 2:47PM

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