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News BrokersInsurance

Regulator to study incentive programs as part of “fair treatment” education mandate

November 13, 2019 by Jason Contant

More communication is needed to inform the broker community about fair treatment of customers (FTC) guidance, since there may be a disconnect or lack of awareness of the topic, the Canadian Council of Insurance Regulators (CCIR) reported recently. In particular,

News AdjustersClaims CanadaInsuranceLegal

Two-year window to dispute auto claim denial not a ‘hard limitation,’ court rules

November 13, 2019 by Greg Meckbach

The two-year time limit to take auto accident benefits disputes to Ontario’s Licence Appeal Tribunal (LAT) is not a “hard limitation” period, the province’s appeal court has ruled. In Tomec v. Economical Mutual Insurance Company, released Nov. 8, the Court

News InsuranceLegal

Class action over fudged Volkswagen emissions tests can proceed: Supreme Court

November 13, 2019 The Canadian Press

OTTAWA – The Supreme Court has rejected an attempt by Volkswagen and Audi to dismiss a class action in Quebec seeking compensation for air pollution from cars that gave false results in emissions tests. The judges made the decision in

insPRESS Insurance

Commercial Lines Working Group Finalizes Questions for Quoting Small Contractors Business

November 13, 2019 by CSIO (Centre for Study of Insurance Operations)

Toronto, ON, Nov. 13, 2019/InsPress/  – CSIO is pleased to announce that the Commercial Lines Working Group has reached another milestone, finalizing a standard set of questions required for underwriting small contractor new business submissions. This is a significant step

insPRESS Insurance

IBAO Develops Innovative Commercial Insurance Certificate Course

November 13, 2019 by Insurance Brokers Association of Ontario

Toronto, ON, Nov. 13, 2019/InsPress/ – The Insurance Brokers Association of Ontario (IBAO) is pleased to confirm the launch of its Commercial Insurance Certificate Program, which prepares experienced Personal Lines brokers to transition into Commercial Lines. First announced at the IBAO Annual

insPRESS Insurance

Origin and Cause Concludes National Training Tour

November 13, 2019 by George Costandi

Toronto, ON, Nov. 13, 2019/InsPress/ – Through October, Origin and Cause travelled across the country on our 3rd Annual National Forensic Training Tour. Starting in St. John’s, NL and ending in Vancouver, BC we stopped in 15 cities, conducted more

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Kernaghan Grows in BC with New Hire

November 13, 2019 by Kernaghan Adjusters

VANCOUVER, B.C., Nov. 12, 2019/insPRESS/ – Owen Watson BSc, CIP, Cert CII (London Market) Vice President BC Operations, is pleased to announce that Tara Passmore BA, CIP has joined the Kernaghan team in its Surrey, B.C. office. Tara began her

insPRESS InsuranceMergers and Aqcuisitions

Storm Insurance Group acquires Axxium Assurance Inc.

November 13, 2019 Storm Insurance Group

DARTMOUTH, NS, Nov. 13, 2019/InsPress/  – Storm Insurance Group (“Storm”) announced today that its employee ownership group has acquired Axxium Assurance Inc. (“Axxium”), of Montreal Quebec, effective November 1, 2019. “Axxium is Storm’s first acquisition in Quebec; a strategic achievement towards

News InsuranceTechnology

Three reasons for insurers to modernize their IT systems

November 12, 2019 by Jason Contant

Insurance companies can capture the following three benefits by transforming their business model and modernizing their core IT systems, according to a new paper from management consulting firm McKinsey & Company. Increased gross written premiums and reduced churn – Flexible,

News InsuranceLegislation / Regulation

Does Canada really need multiple guidelines for fair treatment of customers?

November 12, 2019 by Jason Contant

Ontario’s new financial services regulator plans to issue a revised guideline on fair treatment of customers over the next few months to help counter confusion over which guidelines to follow. Last year, the former provincial regulator, Financial Services Commission of

News InsuranceMergers and Aqcuisitions

Brokerage acquisitions: What’s really in it for Intact?

November 12, 2019 by Greg Meckbach

Taking on potential disruptors and investing in technology are among the reasons Intact Financial Corp. is on a brokerage acquisition spree. “Our view is that scaling up distribution is the best way to fight disruption,” Intact CEO Charles Brindamour said

News ClaimsInsurance

Maritimes hit with another blast of early winter weather

November 12, 2019 The Canadian Press

FREDERICTON – The Maritimes are getting another blast of early wintry weather with a mix of snow, freezing rain and rain. Much of New Brunswick and Prince Edward Island awoke to snow and slippery roads, while Nova Scotia is seeing