Topic
Insurance
How you could save an aging Ontario auto client $14,000
July 10, 2020 by Greg MeckbachIf you are not consistently shopping around for a better deal for your Generation X and Boomer-generation auto clients, they could be paying thousands extra after reaching middle age – unless they happen to find a lower rate from from…
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…
Why hackers are zeroing in on your manufacturing clients
July 10, 2020 by Adam MalikOnline hackers are targeting manufacturers because they’re between a rock and a hard place: Pay up or see operations grind to a halt. All sectors are susceptible to data breaches, ransomware attacks and phishing, but criminals are narrowing their focus…
Why Intact is named in lawsuit over COVID business interruption coverage
July 10, 2020 by Greg MeckbachMore than a dozen Canadian property & casualty insurers, including the largest in the nation, are named in a new proposed class-action lawsuit over business interruption coverage during the COVID-19 pandemic. The notice of action was filed July 6 with…
More than half of Canadians have experienced a cyber crime: new policy group
July 10, 2020 THE CANADIAN PRESSTORONTO – A new policy group estimates more than half of all Canadians know they’ve been a victim or target of a cyber crime, such as a leak of personal information, an account hack or installation of malware. The report…
Flash storm hits same areas of Toronto as in 2013 Cat event. Was the damage the same?
July 9, 2020 by Adam MalikToronto is drying out from another sudden thunderstorm, but claims professionals may have dodged an even bigger workload thanks to the storm quickly moving out. “We’ve seen worse,” Glenn McGillivray, managing director at the Institute for Catastrophic Loss Reduction (ICLR),…
Why Swiss Re expects a bounceback of P&C premiums in 2021
July 9, 2020 by David GambrillFacing a global recession thought to be the deepest since the Great Depression of the 1930s, the global P&C insurance industry can expect premiums to contract by 0.1% in 2020, before rebounding alongside the economy in 2021, a new Swiss…
Opinion: How to convince your clients to buy trade credit insurance
July 9, 2020 Nick Novinger, Regional Manager (Quebec), Canadian Insurance Brokers Inc.The key to selling trade credit insurance in this challenging economic environment is to show commercial clients their potential return on investment. Trade credit insurance is an overlooked but essential coverage. It is perhaps more important now than it ever…
Auto insurers, province dispute whether B.C.’s Bill 11 limits competition
July 9, 2020 by David GambrillThe Insurance Bureau of Canada (IBC) has published an open letter to British Columbia Premier John Horgan, outlining concerns that the province’s Bill 11 may “stifle the limited competition that currently exists in BC’s optional auto insurance market,” a claim…
APOLLO adds online standalone general liability insurance for realtors to the Exchange
July 9, 2020 by David DyckTORONTO, ON, JULY 9, 2020/insPRESS — Apollo Insurance Solutions Ltd., (“APOLLO”) Canada’s largest online insurance marketplace, has partnered with AXIS Insurance, a business segment of AXIS Capital Holdings Limited (NYSE:AXS), to add standalone general liability insurance for realtors to the…
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…
The Aviva contagious disease policy wording at issue in class action BI coverage dispute
July 8, 2020 by Greg MeckbachThe question of whether non-essential businesses that closed during the pandemic are entitled to claim insurance – specifically, for cover arising as a direct result of an outbreak of contagious or infectious disease within 25 kilometres that is required by…