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News Earnings / RatingsInsurance

How profitable have Canadian P&C insurers been so far this year?

December 18, 2019 by Jason Contant

Canada’s property and casualty insurers posted moderate profitability in the first nine months of 2019, but poor underwriting results and high loss ratios linger, notes an executive from the Property and Casualty Insurance Compensation Corporation (PACICC). For Q3 2019 year-to-date

News InsuranceLegal

Home warranty provider loses argument that Aviva product is not insurance

December 18, 2019 by Greg Meckbach

Brokers who provide home warranty assuming it is not an insurance product could be mistaken if they try to argue this in court – especially if the warranty is written by a regulated insurer. National Home Warranty Group told the

News BrokersInsurance

The problem with asking clients fewer questions

December 17, 2019 by Adam Malik

Brokers and carriers are trying to simplify the insurance binding process and that’s potentially leaving clients in precarious positions when it comes to claims time, warns one award-winning broker. “It used to be that people had to decide how much

News BrokersInsuranceMergers and Aqcuisitions

The latest acquisitions in the Canadian brokerage space

December 17, 2019 by Jason Contant

As we near the end of 2019, the trend in brokerage acquisitions shows no sign of slowing down. In the past week-and-a-half, one Ontario brokerage purchased another Ontario brokerage, a different brokerage bought a managing general agency, a large brokerage

News ClaimsClaims CanadaInsuranceLegalRisk

Could CGL policy have to cover this dry cleaning pollution claim?

December 17, 2019 by Greg Meckbach

A coverage dispute over pollution exclusions might bring two of Canada’s largest insurers before the Supreme Court of Canada. West Van Lions Gate Cleaners Ltd. has operated a dry cleaners in Vancouver since 1976. Until 1999 an automotive repair business

insPRESS Insurance

Secure your place at the CICMA/CIAA Ontario Chapter’s Annual Joint Conference 2020 – Registration Now OPEN

December 17, 2019 CIAA

Toronto, ON, Dec. 17, 2019/InsPress – Tickets are going quickly… Secure your place at the CICMA/CIAA Ontario Chapter’s Annual Joint Conference TODAY. With an outstanding speaker lineup, the highly anticipated premier Claims Event promises to deliver yet another stellar program

News ClaimsInsurance

‘Temporary’ flood relief office closes after 7 months

December 17, 2019 The Canadian Press

FREDERICTON – Seven months after spring flooding left parts of New Brunswick badly damaged, the Canadian Red Cross has closed a temporary flood relief office in Fredericton. The organization says a total of 1,570 people registered for assistance after the

News BrokersInsuranceMarkets / CoveragesTechnology

Brokers should look for these three things in a cyber insurance policy

December 16, 2019 by Jason Contant

Cyber insurance policies still tend to be confusing for brokers, but there are three areas that they should focus on, recommends Nathan Rose, senior underwriter and business development specialist with Burns & Wilcox Canada. This includes: 1) policies that have

News AdjustersClaims CanadaInsuranceLegislation / Regulation

The hidden cost of Ontario auto accident injuries

December 16, 2019 by Greg Meckbach

More than half a million Ontarians receive some form of government disability support and an advocate for claimants suggests many of these are caused by motor vehicle accident injuries. “At the end of the day, unpaid claimants don’t just go

News BrokersInsuranceTechnology

Ignoring this could leave brokers on the outside looking in

December 16, 2019 by Adam Malik

Brokerages that want to get ahead don’t need to look any further than one important tool: Data. And to ignore it means not only falling behind but falling off the map entirely, one expert warns. To not just provide a

News AppointmentsBrokersInsurance

New leadership roles announced for Lawrie Insurance Group

December 16, 2019 by Jason Contant

The Lawrie Insurance Group has announced that Bob Lawrie will assume the role of CEO and David Leadbetter the role of president of the property and casualty brokerage effective Jan. 1, 2020. Founder Dan Lawrie will serve as chair over

News InsuranceRisk

Privacy czar finds gaps in federal party policies on personal information

December 16, 2019 Jim Bronskill - THE CANADIAN PRESS

OTTAWA – The privacy policies of all the major federal political parties failed to ensure people gave valid consent to the collection and use of their personal information, concluded an analysis by the federal privacy commissioner. The policies also fell