Topic
Insurance
Brokers need stronger Web presence: incoming IBAO president
October 26, 2009 by Canadian UnderwriterInsurance brokers need to adopt a much stronger Web presence, IBAO incoming president Bryan Yetman said in a speech to the IBAO’s 89th annual convention held in Toronto.As the Internet increasingly becomes the dominant mode of communication for consumers, brokers…
Nova Scotia brokers “optimistic” about government’s willingness to negotiate future of the auto cap
October 26, 2009 by Canadian UnderwriterCLARIFICATION: The following piece is intended to clarify remarks attributed to IBANS president Ken Myers, as reported by Canadian Underwriter in an online item entitled, “Only a matter of time before Nova Scotia cap is scrapped, premier suggests to brokers.”…
Insurers should increase disclosure of climate change initiatives: ICLR director
October 26, 2009 by Canadian UnderwriterAll insurers should make the effort to answer the same eight questions about climate change initiatives that the U.S. regulator requires insurance companies in its jurisdiction to answer annually, said Paul Kovacs, founder and executive director of the Institute for…
What’s New: In Brief (October 26, 2009)
October 26, 2009 by Canadian UnderwriterAbout 1,600 collisions with wildlife are reported to Manitoba Public Insurance each November. This makes November the worst month for wildlife-related collisions, followed closely by October, which sees an average of 1,300 collisions with wildlife reported. More than 10,000 wildlife…
ING to divest insurance operations by 2013
October 26, 2009 by Canadian UnderwriterING is moving towards a complete separation of banking and insurance operations by 2013. In order to get approval for its restructuring plan, ING needs to divest ING Direct USA by the end of 2013. ING plans to launch a…
Insurance Institute Launches New Technology Training Series
October 26, 2009 The CIP SocietyThe Insurance Institute, the industrys premier source for professional development, has once again updated existing services and added exciting new features via new technology training Webinar offerings called the Tech Tools Series. The Tech Tools Series was designed to help…
CEOs debate whether a single tool for estimating reconstruction costs would help solve the ITV problem
October 23, 2009 by Canadian UnderwriterWould adherence to a single tool for estimating reconstruction costs help to resolve the insurance-to-value (ITV) issue?Insurance company CEOs debated the point at the 89th annual convention of the Insurance Brokers Association of Ontario (IBAO), held in Toronto on Oct.…
Brokers need to communicate more often with their customers: IBAO research
October 23, 2009 by Canadian UnderwriterBrokers need to do more of the grassroots style of communication with their clients that made the channel so successful in the first place, proprietary research by the Insurance Brokers Association of Ontario (IBAO) suggests.IBAO CEO Randy Carroll and IBAO…
Use of credit scoring not an advantage for direct channel: Charles Brindamour
October 23, 2009 by Canadian UnderwriterDirect writers obtain no benefit from using credit scores when pricing or underwriting, Charles Brindamour, president and CEO of Intact Insurance, told delegates at the Insurance Brokers Association of Ontario (IBAO)’s 89th annual convention in Toronto.Speaking as a member of…
Consistency is key for brokers when completing insurance applications
October 23, 2009 by Canadian UnderwriterAlthough a broker might not remember each and every insurance application he or she fills out, it is imperative for legal reasons that every application for insurance be filled out the same way, Stephen Scullion, director of professional development at…
Only a matter of time before Nova Scotia cap is scrapped, premier suggests to brokers
October 22, 2009 by Canadian UnderwriterNova Scotia’s Cdn$2,500 cap on claims payments for minor auto injuries will be scrapped, it’s just a matter of when, the province’s new premier has suggested to the Independent Broker Association of Nova Scotia (IBANS).Nova Scotia Premier Darrell Dexter, a…
Members not supporting IBAO’s call for ban on credit scoring should “get in the game”: IBAO president
October 22, 2009 by Canadian UnderwriterMembers of the Insurance Brokers Association of Ontario (IBAO) who do not support the association’s call for an “outright ban” on credit scoring need to “get in the game,” IBAO president Peter Blodgett said in a speech made at the…