Topic
Markets / Coverages
2018 Outlook: David Levinson, President, Chief Agent, Zurich Canada
December 29, 2017 David LevinsonAs 2018 begins, capital remains at the forefront in Canada. An active hurricane season in the United States will cause insurance carriers to look at their own exposures here in Canada, including earthquakes, fires, and floods. This may cause property…
2018 Outlook: Jean-Francois Blais, President, Intact Insurance
December 29, 2017 Jean-Francois Blais*Editor’s Note: Jean-Francois Blais retires as Intact President effective Jan. 1, 2018. His contribution to our 2018 CEO Outlook pre-dated his retirement announcement. The insurance industry is facing potential disruption. Insurers are tackling several longer-term trends including the sharing economy,…
What your video surveillance can’t prove
December 21, 2017 by Canadian UnderwriterAn adjudicator with Ontario’s licence appeal tribunal placed little weight on eight days’ worth of an insurer’s video surveillance because the demands of the job a claimant had abandoned due to injury were not the same as the demands of…
P&C People: Who’s doing what
December 21, 2017 by Canadian UnderwriterNew CEO for Manitoba Public Insurance The Government of Manitoba has announced that Benjamin Graham will become the new president and CEO of Manitoba Public Insurance (MPI), effective Feb. 1, 2018. Manitoba Premier Brian Pallister made the announcement in a…
Broker predicts banks will soon renew call to sell insurance in branches
December 21, 2017 Greg Meckbach, Associate EditorWith the federal Bank Act up for review in 2019, a Montreal-based broker is warning that some banks will try to have the government change a law restricting the way banks can sell property and casualty insurance. “I am sure…
Eastern Canadian earthquake risk a “huge opportunity” for industry
December 21, 2017 Greg Meckbach, Associate EditorComplacency about real risks, such as an earthquake affecting Eastern Canada, present a “huge opportunity” for insurance providers to educate consumers, a former Economical Insurance CEO said Monday. “Human beings really don’t like thinking about the bad things that could…
Weather service warns that black ice making Nova Scotia roads treacherous
December 21, 2017 The Canadian PressHALIFAX – Environment Canada has issued a special weather statement for Nova Scotia warning of black ice forming on roads around the province. The weather service said rain that fell on highways and roads across the province overnight had been…
Top court finds auditor liable for failing to detect white-collar crime
December 20, 2017 by Canadian UnderwriterAuditing firm Deloitte must pay $40 million in damages to a Canadian broadway musical company whose founders perpetrated a fraud that the auditor failed to detect, the Supreme Court of Canada ruled in a divided decision released Wednesday. Canada’s highest…
Why U.S. brokerage made its first Canadian P&C acquisition
December 20, 2017 Jason Contant, Online EditorDalton Timmis Insurance Group’s technological capabilities and its “unique abilities” in motorcycle and transportation insurance were among the factors that made it an ideal acquisition target for U.S. brokerage NFP Corp., the president of NFP in Canada said Wednesday. Marty…
Tool can help insurers ensure document authenticity
December 20, 2017 Jason Contant, Online EditorAn Ontario-based property inspection and analysis company will soon publicly launch a product that could help carriers verify the authenticity of an insured’s photos, files and forms. The Image and Document Upload System (IADUS) uses specific features to help insurance…
Why insurance professionals should offer wealth management solutions
December 20, 2017 Greg Meckbach, Associate EditorProperty & casualty insurance providers wanting to improve client retention could offer more “holistic advice” and better “product density” by offering wealth management, some insurance executives say. Brokerages can provide a “broader value proposition” to clients by offering them home,…
Regulator weighs in on disputed ridesharing claims
December 20, 2017 David Gambrill, Editor-in-ChiefDisputes among Ontario auto insurers, arising from collisions involving vehicles used for multiple ridesharing providers, will likely be handled in the same way insurers handle priority disputes in accident benefits claims, Ontario’s insurance regulator told Canadian Underwriter Wednesday. Aviva Canada…