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News Insurance

Alberta approves disaster funding for wildfire, flood damage

October 4, 2019 The Canadian Press

EDMONTON – Wildfires and too much rain this year will put a $30-million dent in Alberta’s finances. The United Conservative cabinet has declared official disasters in some communities to free up money to cover damage caused by the flames and

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Hubio technology launches a new Farm insurance digital platform

October 4, 2019 Hubio Technology

Toronto, ON,  Oct 4, 2019/InsPress/ –  Hubio Technology (Hubio), a provider of Property and Casualty (P&C) insurance solutions that enable frictionless transactions, is pleased to announce the launch of “Bloom” for Trillium Mutual Insurance on Hubio’s collabor8 cloud solution. This

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Canadian Broker Network expands its Membership

October 4, 2019 by rosemary

Toronto, ON, Oct. 3, 2019/InsPress/  – Canadian Broker Network (CBN), Canada’s leading network of independent insurance brokers, is pleased to announce that effective immediately, Firstbrook Cassie and Anderson Limited (FCA) have joined CBN.  “We are very excited to have FCA

News BrokersInsurance

How to keep Amazon and Google from eating your lunch? Think retail….

October 3, 2019 by Adam Malik

Rather than worrying about the insurance product you’re trying to sell, think about how you’re servicing customers instead. Mukul Ahuja, a partner at Deloitte Canada, discussed a recent study from the business advisory firm about the need to think about

News EngineeringInsurance

RSA Canada CEO outlines the biggest game-changers in engineering insurance

October 3, 2019 by Greg Meckbach

Sensors that gather data and feed it into computer systems could change the way engineering risks are assessed and underwritten by insurers, suggests Martin Thompson, president and CEO of RSA Canada. “We are going data crazy,” Thompson said Thursday while

News BrokersInsurance

Six taboo words that brokers should never tell their clients

October 3, 2019 by Adam Malik

Brokers always want to please their clients. But if you go too far, you may be putting them – not to mention your reputation and career – in a dangerous position. So you may want to avoid telling them: ‘Yes,

News InsuranceReinsurance

What concerns the Ontario regulator about OSFI’s proposed reinsurance guidelines

October 3, 2019 by Jason Contant

The CEO of Ontario’s new regulator expressed concern Tuesday about the extent to which the P&C insurance industry says it will be required to provide more capital to comply with the proposed new reinsurance guidelines of Canada’s solvency regulator. The

News InsuranceLegislation / RegulationRisk

Province considering regulatory changes for vaping

October 3, 2019 The Canadian Press

HALIFAX – Nova Scotia Premier Stephen McNeil says his government is looking at regulations that could ban flavoured vaping products in the province. McNeil responded Wednesday after the Opposition Progressive Conservatives introduced legislation aimed at addressing the growing numbers of

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SERVPRO® of Ajax Raises over $19,000 in Charity Golf Tournament

October 3, 2019 ServPro

Ajax, ON, Oct. 3, 2019/InsPress/  – SERVPRO® of Ajax hosted a charity golf tournament on Wednesday, September 11, 2019 to benefit the Lakeridge Health Foundation, which resulted in a donation of $19,065.78. Sponsors for the event included LEV2, Hartman Group,

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Applied Systems Integrates CSIO’s My Proof of Insurance Solution with Epic Broker Management System

October 3, 2019 by CSIO (Centre for Study of Insurance Operations)

Toronto, ON, Oct. 3, 2019/InsPress/ –  CSIO is pleased to announce that Applied Systems has integrated the My Proof of Insurance solution with the latest release of Applied Epic. The Integration enables brokers to send customers digital policy documents for

News Insurance

How this auto insurer was fined US$41 million over illegal fees

October 2, 2019 Don Thompson - THE ASSOCIATED PRESS

SACRAMENTO, Calif. – Mercury Insurance Co. is ending its two-decade battle with California regulators over extra fees charged to customers by agreeing to pay the state more than $41 million, California Insurance Commissioner Ricardo Lara said Wednesday. He said it’s

News InsuranceMarkets / Coverages

Key questions that homeowners can’t answer on their insurance application forms

October 2, 2019 by Jason Contant

A recent home insurance survey found that most Canadians don’t know key details about their properties, highlighting the importance of pre-fill data for Canadian home insurance application forms. While a dozen data fields in home application forms can typically be