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News InsuranceLegislation / Regulation

Outdated laws disallow insurers from offering digital insurance solutions: IBC

February 13, 2018 by Jason Contant

Ontario’s Insurance Act and its regulations prevent insurers from doing business and communicating with their customers through digital or mobile platforms, the Insurance Bureau of Canada (IBC) noted on Monday. Canadian Underwriter asked IBC about some of the red tape

News Insurance

Pot legalization could increase auto accidents, top insurer warns

February 13, 2018 by Greg Meckbach

As Canada’s senators debate a bill that would legalize recreational marijuana, Canada’s largest property and casualty insurer is concerned about the “potential” for more auto collisions arising from the actions of stoned drivers. In its management discussion and analysis of

News InsuranceLegalMarkets / Coverages

Sexual harassment lawsuit? Why it pays for a risk manager to be a pack rat

February 13, 2018 by Greg Meckbach

Risk managers who retain insurance policies for only seven or 10 years need to rethink this practice, an independent risk consultant warns. Having a copy of a 15- or 20-year-old liability insurance policy is “like owning a bank note in

News InsuranceProfessional Development

Advice for young women looking to get into the broker channel

February 13, 2018 by Jason Contant

Ashley Holmes, a 33-year-old operations manager at Roughley Insurance Brokers in Oshawa, Ont., has three pieces of advice for other women looking to get into the insurance industry: don’t try to be a chameleon and be something you’re not; speak

News InsuranceTechnology

Portals are dead. Brokers have moved on to real-time.

February 13, 2018 by David Gambrill

As insurers move away from their legacy systems and onto more flexible platforms such as Guidewire and Duck Creek, the days appear numbered for portal solutions. Real-time data exchange is now front and center as a priority for the Insurance

News InsuranceMarkets / CoveragesTechnology

GM brings Maven car-sharing startup to Toronto

February 13, 2018 David Paddon - THE CANADIAN PRESS

TORONTO – General Motors Co. is bringing its Maven car-sharing business to Canada for the first time as part of the Detroit-based company’s broader strategy for navigating through a rapidly changing automotive world. Toronto will be the first city outside

insPRESS Insurance

Delphine Clerc se joint à Vericlaim Canada et Sedgwick Canada

February 13, 2018 by Sedgwick

Toronto, 7 février, 2018 /insPRESS/ – Sedgwick et sa filiale Vericlaim, fournisseur mondial de services d’expertise et de gestion de sinistres, ont le plaisir d’annoncer la nomination de Delphine Clerc au titre de Vice-présidente au Développement des affaires. «Delphine possède une

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

A new way for brokerages to assign clients to advisors

February 12, 2018 by Jason Contant

An Ontario brokerage has done away with the traditional alphabetized way of assigning clients to brokers. Under the alphabetized approach, sometimes referred to as the “alpha split,” a brokerage divides its clients evenly by the number of account managers it

News InsuranceMarkets / CoveragesTechnology

Intact sounds alarm on escalating collision repair costs

February 12, 2018 by Greg Meckbach

Escalating collision repair costs have commended the attention of Intact Insurance, as company officials continue to express disappointment with the Toronto-based insurer’s financial results in personal auto. Company officials said they had “unsatisfactory” performance in personal auto, with the chief

News InsuranceLegalLegislation / Regulation

Courts flip-flop on Allstate employment case

February 12, 2018 by David Gambrill

Allstate Insurance Company of Canada was not entitled to change the terms of employment of one of its sales agents during a 24-month “working notice” period, the Court of Appeal for Ontario has ruled, reversing a lower court decision that

News InsuranceMarkets / Coverages

Why Intact plans to raise auto insurance premiums

February 12, 2018 by Greg Meckbach

Intact Financial Corp. plans to apply nation-wide for rate increases in personal auto, a move to improve the firm’s profitability in personal auto insurance. “In terms of additional rate actions in 2018, we are expecting a further 5% [increase] in

News InsuranceMarkets / Coverages

LCBO chooses Shopify to run online cannabis sales

February 12, 2018 The Canadian Press

TORONTO – The Ontario government has inked a deal to use Shopify Inc.’s e-commerce platform for cannabis sales online and in stores as part of its plan to be the province’s sole distributor of legal recreational marijuana. The Ontario Cannabis