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Takeaways from B.C.’s new e-bike regulations
May 6, 2024 by David GambrillEntering the murky world of e-bike regulation, B.C.’s government has introduced new rules governing the use of e-bikes. “The Motor Assisted Cycle (E-Bike) Regulation came into force on Apr. 5, 2024, and repeals the previous 2002 regulation, which was confusing…
Beyond recruiting new talent, what bugs brokers in 2024?
May 3, 2024 by Philip PoradoTalent acquisition is the top broker concern for 2024, with 69% saying it’s the channel’s biggest challenge, Canadian Underwriter’s 2024 National Broker Survey shows. After that, a cluster of other industry conundrums keep Canada’s brokers counting sheep. Coming in at second…
How Intact and BrokerLink performed in 2024 Q1
May 8, 2024 by Jason ContantIntact Financial Corporation (IFC) subsidiary BrokerLink “remains well on track to achieve its ambition of $5 billion in annual premiums by 2025,” IFC CEO Charles Brindamour said during the insurer’s 2024 Q1 earnings call Wednesday. In 2023, BrokerLink surpassed $3.5…
Intact’s approach to help Canadians manage wildfire risk
May 7, 2024 by Jason ContantIntact Financial Corporation (IFC) has contracted with an American wildfire risk management company to provide policyholders in Alberta and British Columbia with wildfire loss prevention and suppression services for their homes when threatened by active wildfires. In preparation for the…
2023 investment income saves insurers’ bacon
May 2, 2024 by Jason ContantA very strong fourth quarter in 2023 turned an ‘average at best’ year into quite a good year for Canada’s P&C insurance companies, according to a new report from the Property and Casualty Insurance Compensation Corporation (PACICC). “Reflecting on the…
Home and auto rates harden in 2024 Q1
May 2, 2024 by David GambrillCanadian home and auto insurance premium rates continue to increase year over year, per the 2024 Q1 results in the Applied Rating Index. “We continue to watch the market trends as premium renewal rates for both personal auto and personal…
What will determine the severity of this year’s wildfire season?
May 6, 2024 by Jason ContantPrecipitation in June will likely determine the severity of this year’s wildfire season in western Canada, says Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR). Although it may seem like a quiet start to the year…