Topic
Brokers
A P&C insurance-specific guide for returning to the office: Deloitte
July 21, 2020 by David GambrillAs Canadian P&C insurance industry leaders start to think about bringing employees back to the office, now is a good time to re-think the work required, the workforce skills that will be needed in the future, and what the future…
How a simple office procedural error led to a fine for a broker, the nominee, and the brokerage
July 15, 2020 by David GambrillA “lack of appropriate office procedures,” in addition to a “casual” approach to handling a client file, led to a series of miscues that resulted in coverage not being bound for a married couple who reported a theft of their…
Briefing Note: Newfoundland and Labrador
July 12, 2020 Canadian Underwriter StaffCanada’s most easterly province had a tough start to 2020, says Kelly Hickman, president of South Coast Insurance in St. John’s. The province’s brokers have been working through a tough commercial market. They’re seeing “tighter underwriting restrictions, and less capacity,”…
Broker fined $2K for obtaining premium relief for a client while unlicenced
July 10, 2020 by David GambrillA Manitoba broker was recently fined $2,000 after obtaining premium relief for a client within hours of being told by the regulator that he was unlicensed to act as a broker. On Dec. 19, 2018, Darcy Dion Boguski completed the…
Briefing Note: New Brunswick
July 8, 2020 Canadian Underwriter StaffIn a nearly unprecedented situation, the province is in an economic state that reflects the rest of Canada, says Andrew McNair, CEO of the Insurance Brokers Association of New Brunswick. “The last 18 months have been challenging. But this seems…
Commercial clients want your advice on how to re-open safely. What do you tell them?
July 8, 2020 by David GambrillAs provincial governments across Canada begin to fire up their local economies in staged phases, Canadian businesses are asking their brokerages for advice on how to re-open safely. Aon Canada is already engaged in these sorts of their discussions with…
Briefing Note: Quebec
July 7, 2020 Canadian Underwriter StaffQuebec brokers are facing a hard commercial market, says Eric Manseau, executive director of RCCAQ, an association representing brokers in Quebec. “Premium increases are a major issue for us in commercial. On average, I would say [rate increases of] between…
Briefing Note: Ontario
July 6, 2020 Canadian Underwriter StaffAuto reform has been the province’s biggest concern over the past year, says Colin Simpson, CEO of the Insurance Brokers Association of Ontario. “Inflation on physical damage has been reported to be about 6% to 7% a year,” he says.…
Briefing Note: Manitoba
July 5, 2020 Canadian Underwriter StaffResidential real estate and construction have been hit with rate increases ranging from 8% to 650% this year in Manitoba, says Colin Matchyuk, a commercial account executive at HUB International’s Winnipeg office. That’s because apartment buildings built within 150 feet…
Briefing Note: Saskatchewan
July 4, 2020 Canadian Underwriter StaffBefore the COVID-19 pandemic, Saskatchewan was projected to see a rare year of economic growth. “Our economy was sluggish heading into the crisis, but it was showing signs of shaking off some rust. Capital investment projections for 2020 were forecasting…
Briefing Note: Alberta
July 3, 2020 Canadian Underwriter StaffBefore COVID-19 hit Canada in March, George Hodgson, CEO of the Insurance Brokers Association of Alberta, says “a good chunk of habitational personal property was probably doing okay.” At least, outside of the condo market. Brokers are struggling to place…
Briefing Note: British Columbia
July 2, 2020 Canadian Underwriter StaffHeading into 2020, Chuck Byrne, executive director of the Insurance Brokers Association of British Columbia (IBABC), thought he’d be spending his time preparing local brokers for their public auto insurer’s adoption of a no-fault system in May 2021. Instead, he’s…