Topic
Brokers
How to keep cyber criminals from capitalizing on company culture
March 26, 2024 by Alyssa DiSabatinoHumans continue to be the weakest links when it comes to corporate cyber security, but companies looking to reduce phishing or ransomware attempts must first address their company culture, one expert tells Canadian Underwriter. Over the past two to…
Onlia acquired by PE firm focused on Canadian P&C distribution
March 26, 2024 by David GambrillSouthampton Financial Inc., a private equity firm focused on the Canadian property and casualty insurance distribution space, has agreed to acquire Onlia Insurance from Achmea and Fairfax Financial Holdings Ltd. Headquartered in Toronto, Onlia is a digital insurance agency that…
Can farm insurance coverage be delivered online?
March 25, 2024 Alyssa Di SabatinoThe words ‘technology’ and ‘farm insurance’ aren’t always mentioned in the same breath. Historically, farm insurance providers do most of their business through offer and acceptance — sending either online or paper applications to clients. Underwriters and brokers then use…
Innocent victim of insurance fraud? Why a tribunal found otherwise….
March 25, 2024 by David GambrillAn injured motorcyclist claiming he was the innocent victim of fraud had the wherewithal to know he was not carrying valid insurance, thus disqualifying him from receiving accident benefits, the Ontario Licence Appeal Tribunal (LAT) ruled Thursday. The tribunal said…
B.C.’s plan for flood mapping and building back better
March 22, 2024 by Alyssa DiSabatinoA new report by the Government of British Columbia details its commitment to developing a provincially coordinated floodplain mapping program, and sheds light on how and where it intends to rebuild communities after a flood. More specifically, the report, From…
How Canada’s winter weather predicts 2024 Cat claims
March 21, 2024 by Alyssa DiSabatinoThis winter clocked in as Canada’s warmest winter ever, and adjusters are already sounding the alarm that a winter with no or little snow could mean more wildfire claims over the rest of the year. Snowpack in winter is one…
NFP names industry vet to its Canadian surety group
March 21, 2024 by David GambrillDeanna Brewer is NFP’s new senior vice president and account manager for surety in Canada. A P&C insurance industry vet with more than 25 years of experience in the surety business, Brewer was appointed for her technical knowledge and strategic…
Who’s getting squeezed in the brokers’ war for talent
March 19, 2024 by David GambrillA war for talent in Canada’s P&C insurance industry may be inadvertently causing collateral damage in smaller and mid-sized brokers, Traci Boland, Insurance Broker Association of Canada president, tells Canadian Underwriter. That said, their smaller size may allow them to…
Op-Ed | How to protect your team from abusive client behaviours
March 19, 2024 Adam Mitchell, CEO of Mitch InsuranceI’m often asked about how we grew our business. There’s no hack to achieving success. If washboard abs are your goal, one sit-up won’t do it. You need to consistently put in the effort to see results.We’re all aware of…
What commercial and personal lines brokers make in 2024
March 18, 2024 by Alyssa DiSabatinoAcross the country, commercial lines P&C broker executives and commercial lines team leads make more money on average than their personal lines counterparts, Impact Recruitment’s newest data shows. The second iteration of Impact’s annual Insurance Salary Guide shows base pay…
Brokers: how to advise rideshare drivers on their deductibles
March 15, 2024 Philip PoradoDrivers working for rideshare and delivery companies must be careful when setting deductibles on personal auto coverage. And they need to make sure their personal insurers know they’re doing rideshare work and carry the appropriate endorsements. A lot of drivers…
How winter storms tally this year compared to last
March 15, 2024 by Alyssa DiSabatinoMaritimers were digging out for days after historic levels of snowfall dropped atop Nova Scotia and P.E.I. in early February. The multi-day storm produced nearly 5 feet of snow in Cape Breton, N.S. Then about two weeks later, Nova Scotians…