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insPRESS Insurance

FirstOnSite Restoration advances Ontario leadership team with four new branch managers

November 8, 2018 by rosemary

MISSISSAUGA, ON, NOV. 8, 2018/insPRESS/ – FirstOnSite Restoration, Canada’s leading independent disaster restoration services provider, has strengthened its leadership team in Ontario with the addition of four new branch managers; Melissa Lundy, branch manager, in London, David Goetz, branch manager,

insPRESS Insurance

Trisura named a Best Small & Medium Employer in Canada

November 8, 2018 by Michael Campbell

TORONTO, ON, NOV. 8,  2018/insPRESS/ – Trisura Guarantee Insurance Company is proud to have been selected once again by Aon as one of the Best Small & Medium Employers in Canada for 2019. The complete list of winners was announced on November

insPRESS Insurance

Unica Insurance announces the launch of Privacy Breach coverage solutions

November 8, 2018 Unica Insurance

MISSISSAUGA, ON, NOV. 8, 2018/insPRESS/ – Unica Insurance is proud to announce the launch of Privacy Breach coverage, two endorsements offering solutions for a risk that now affects Canadian businesses of all sizes. These Privacy Breach coverage solutions offer comprehensive expense

insPRESS Insurance

Pario Welcomes Eric Sowa to Concord, Ontario Office

November 8, 2018 by SCM Insurance Services

CONCORD, ON, NOV. 8, 2018/insPRESS/ –Pario Engineering & Environmental Sciences LP (Pario), one of Canada’s top providers of specialized engineering and environmental services to the insurance and risk management industries, is pleased to announce the addition of Eric Sowa as

insPRESS Insurance

Maltman International Appoints New Director

November 8, 2018 by CRU Adjusters

TORONTO, ON, NOV. 8, 2018/insPRESS/  – Kyle Winston, President of Maltman International, a CRU GROUP Company, today announced the promotion of Varma Singh to Director of Maltman International. “Varma joined our company earlier in 2018 and since then he has demonstrated

News InsuranceLegislation / Regulation

What Intact likes about proposed bill on territorial ratings

November 7, 2018 by Jason Contant

Canada’s largest insurer is supportive of one element of a private member’s bill that would rescind an Ontario regulatory bulletin that sets limits on territorial rating factors. Bill 42, the Ending Discrimination in Automobile Insurance Act, was tabled Oct. 15

News AdjustersClaimsInsuranceMarkets / Coverages

Why marijuana plant value is so important for adjusters

November 7, 2018 by Jason Contant

Claims adjusters handling recreational cannabis claims will need to consider the value of the plant at any given time in the growing process to determine actual loss, an independent adjusting firm said Tuesday. Potential cannabis greenhouse loss is much greater

News InsuranceTechnology

Successful test of real-time data exchange on first notice of loss

November 7, 2018 by David Gambrill

Commercial brokerages and carriers have confirmed in a test case scenario that they can successfully exchange claims data from a first notice of loss (FNOL) form electronically, beginning and ending in the broker management system (BMS). In the Toronto Insurance

insPRESS Insurance

SNAP Premium Finance’s Click n Pay alleviates common pressures felt by accounting departments

November 7, 2018 by SNAP Financial Group

TORONTO, ON, NOV. 7, 2018/insPRESS/ – Earlier this month, SNAP Premium Finance launched Click N Pay; a new electronic way for brokers to offer a monthly payment option upfront with every quote at the click of a button. What began as a

insPRESS Insurance

IBAO Launches New Ethics Training for Brokers

November 7, 2018 by Insurance Brokers Association of Ontario

TORONTO, ON, NOV. 7,  52018/insPRESS/ –  The Insurance Brokers Association of Ontario (IBAO) is pleased to announce the launch of a new e-learning course Ethical Steps: Facing Ethical Situations in Insurance. In response to RIBO’s introduction of an ethics continuing education requirement

News Insurance

Paid IFRS 17: Filling the Gaps in Data & Technology Systems

November 7, 2018 BDO

IFRS 17 is an accounting standard that will result in a complete overhaul of an insurer’s financial statements, though finance alone cannot work through this complex change in isolation. Considering the significance of the impact across the organization, IFRS 17

News InsuranceMergers and Aqcuisitions

Sirius closes merger agreement

November 6, 2018 by Greg Meckbach

A merger agreement involving Sirius International Insurance Group Ltd., which sells reinsurance in Canada, has closed. Bermuda-based Sirius started trading Monday on the NASDAQ. Sirius America Insurance Company sells reinsurance through a Toronto office. In Canada, the firm had net