Topic
Markets / Coverages
How Canada’s tourist boom creates a big opportunity for brokers
June 25, 2018 by David GambrillInsurance brokers seeking to grow their travel line of business should ask their clients if they are expecting friends or family to visit Canada in the future and, if so, whether they would be interested in purchasing “visitors to Canada”…
The thinking behind BFL’s ‘turnkey solution’ for cyber clients
June 25, 2018 by Greg MeckbachBrokers looking to sell cyber insurance to commercial clients should be looking to partner with non-insurance firms specializing in security and risk assessment, one Quebec-based broker advises. “Brokers need to look at not just selling insurance but partnering, and how…
ClaimsPro prepares dedicated adjuster team for marijuana legalization
June 22, 2018 by Jason ContantIndependent adjusting company ClaimsPro announced this week that it has prepared a dedicated adjuster team for the cannabis industry, just as Canada moves to legalize marijuana in October. The team will exclusively handle first- and third-party cannabis claims, such as…
Human driver distracted before fatal autonomous Uber crash
June 22, 2018 Tom Krisher and Jacques Billeaud - THE ASSOCIATED PRESSPHOENIX – The human backup driver in an autonomous Uber SUV was streaming the television show “The Voice” and looking downward just before fatally striking a pedestrian in suburban Phoenix, according to a police report. The 300-page report released Thursday…
Is the sun setting on auto insurance in Canada?
June 20, 2018 by David GambrillIs the sun setting on auto insurance as a dominant line of business in Canada? Property lines premium is catching up to auto insurance premiums, causing many to predict that auto insurance will recede in the rearview mirror over the…
Recreational marijuana to be legal by mid-September
June 20, 2018 Joan Bryden - THE CANADIAN PRESSOTTAWA – Canadians will be able to legally purchase and consume recreational marijuana by mid-September at the latest after the Senate voted Tuesday to lift almost a century-old prohibition on cannabis. Senators voted 52-29, with two abstentions, to pass Bill…
How training plays into claims adjusting during back-to-back cats
June 19, 2018 by Jason ContantWhen Canada experiences back-to-back catastrophes, it can be a challenge to pull together all the required resources in a timely fashion. Part of the puzzle is ensuring that claims adjusters and other parties are properly trained for the files they…
Is the slow pace of regulatory change putting the industry at risk?
June 19, 2018 by Jason ContantThe insurance industry is at risk if regulators don’t recognize that consumer expectations are changing and allow consumers the choice of receiving their policy documents electronically, the president and chief executive officer of the Centre for Study of Insurance Operations…
Unica Insurance launches SPARK™ Small Business Protection
June 18, 2018 Unica Insurance Inc.MISSISSAUGA, ON, June 18, 2018 /insPRESS/ – Unica Insurance (Unica) is proud to announce the launch of SPARK™, a comprehensive solution for protecting small businesses. SPARK™ is designed specifically to cover Contractors and Professional Office segments and provides best-in-class protection…
Quebec places number on brokerage distribution agreements with insurers
June 18, 2018 by Jason ContantThe Quebec National Assembly has adopted Bill 141, which will require brokerages in the province to have at least three distribution agreements in place for personal lines with insurers “that are not in the same financial group.” Hypothetically, brokerages could…
Cause of $25 million fire remains under investigation
June 18, 2018 The Canadian PressBRANDON, Man. – A massive blaze that burned through historic buildings in downtown Brandon last month caused about $25 million in damages and police now say it may have been started by people. Fire crews were called to the Christie’s…
Why mutuals partner with independent adjusters
June 15, 2018 by Jason ContantSmall insurers or mutuals may decide to partner with independent adjusting (IA) firms as a way of providing them with flexibility on costs and full-time staff. On May 30, Contractor Connection, a service line of IA firm Crawford & Company…