Topic
Brokers
Will insurers find opportunity in Europe’s need for Canadian LNG and hydrogen?
August 26, 2022 Philip PoradoCanadian insurers have a future opportunity to cover the infrastructure required for hydrogen energy products, commercial insurance brokers say. For example, if Europe wants its efforts to reduce dependence on Russian natural gas supplies to be successful, it will need…
Grassroots orgs demand insurers withdraw coverage for Trans Mountain Pipeline
August 26, 2022 by Alyssa DiSabatinoLiberty Mutual Insurance is among a list of insurers being asked by grassroots and Indigenous organizations to withdraw insurance support for the Trans Mountain Pipeline, which carries crude and refined oil from Alberta to British Columbia. A petition with more…
Are Lloyd’s remedial actions paying off?
August 25, 2022 by Alyssa DiSabatinoLloyd’s ‘remedial’ actions are working — after turning its first underwriting profit last year since 2016, Lloyd’s market is expected to have a robust underwriting performance in 2022 through 2024 as rates harden across many lines, predicted credit-rating agency S&P…
Fire-risk recall may give brokers opportunity to contact auto clients
August 25, 2022 Philip PoradoA recall of two late-model SUV models by Hyundai Motor America and Kia America was amplified by a consumer alert from the U.S. National Highway Traffic Safety Administration (NHTSA) in Washington. The issue involves a tow hitch, sold as a…
An economist explains: What you need to know about inflation
August 24, 2022 Nicholas LiThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Inflation is one of the most pressing political and economic issues…
Meet Navacord’s new president of MGA underwriting solutions
August 24, 2022 by David GambrillNavacord Corp. has appointed Greg Irvine into the newly created role of president of MGA underwriting solutions, effective Sept 6, 2022. Irvine brings more than 20 years of insurance industry experience to Navacord and will be leading all managing general…
What insurers are doing to improve recruiting
August 23, 2022 Philip PoradoIt’s not your imagination, COVID-19 really did throw a wrench into the insurance industry’s ability to hire and retain talent, says a new Deloitte report on the state of Canada’s P&C industry. It found industry demand for people with the…
Brokers, how are you coping with your clients’ rising incivility?
August 23, 2022 by David GambrillFamed Canadian civility may be a thing of the past, and Canadian P&C brokers would probably know best, since they have been caught in the crossfire of frustrated clients and unprofitable insurers for the better part of two years during…
Commercial bond demand prompts new hire at AXA XL
August 22, 2022 Canadian Underwriter StaffContinued demand among Canadian businesses for commercial bonds prompted AXA XL to appoint Cedric Franklin as vice president and regional director for Canada, the company said. “Commercial bonds are in high demand from companies seeking alternative financial solutions at a…
Do new cars reduce fatality for women in accidents?
August 19, 2022 by Alyssa DiSabatinoWomen are safer driving newer cars, a new report by the U.S. National Highway Traffic Safety Administration suggests. Female fatality risk compared to male fatality risk is significantly reduced in newer vehicles, starting with model year 2000, the report finds.…
Why B.C’s heat dome puts the industry on alert for wildfires
August 18, 2022 by Alyssa DiSabatinoA heat wave building across western Canada and the Prairies could worsen wildfires, which have already burned more hectares this year over last despite fewer fires to date, one industry expert observes. This week, Alberta, British Columbia and Saskatchewan will…
B.C. broker suspended one year for misrepresenting principal driver of her car
August 18, 2022 by David GambrillA B.C. broker’s license has been suspended for one year after a regulatory investigation into her processing her own ICBC Autoplan transactions uncovered that she had misrepresented the principal driver of her personal vehicle on several ICBC policies. “Council found…