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News InsuranceMarkets / CoveragesTechnology

What small business clients value about cyber insurance

October 21, 2018 by Jason Contant

Small business clients gravitate to cyber insurance not for the insurance, per se, but for the accompanying services following an incident, a cyber underwriter said recently. “If you think about it in the context of car insurance, they’re buying their

News Legislation / RegulationMarkets / Coverages

Why clients need advice on ‘litigation hot spots’

October 21, 2018 by Greg Meckbach

Commercial brokers advising Canadian clients with operations in foreign countries need to understand consumer protection and pollution laws in those countries. “It’s up to a broker to make sure that he or she is well versed in what those countries’

News BrokersInsuranceMarkets / Coverages

Brokers need to intensify lobby on auto file: Intact president

October 18, 2018 by David Gambrill

Facing an imminent hard market in auto insurance lines, brokers need to intensify their lobbying efforts to inform Ontario MPPs about the pricing issues associated with the auto insurance product, a senior executive of Canada’s largest insurer told brokers Thursday.

News AdjustersClaimsInsuranceMarkets / Coverages

Crawford’s Top 3 claim loss predictions from marijuana legalization

October 18, 2018 by Jason Contant

Claims adjuster Crawford & Company (Canada) Inc. sees auto, commercial and workplace-related losses as the Top 3 claims arising from the legalization of marijuana. Auto losses related to cannabis usage; commercial losses to cannabis producers, retailers and distributors; and employee

News InsuranceMarkets / CoveragesTechnology

How brokers should define cyber to clients

October 16, 2018 by Jason Contant

Cyber insurance needs to be explained using plain language, rather than by “insurance people using insurance-isms,” a large cyber underwriter said recently. “Part of the problem with cyber is the fact that it’s called cyber,” said Andy Holmes, chief underwriter

News BrokersInsuranceMarkets / Coverages

Why cyber insurance discussions should include real estate agents

October 15, 2018 by Jason Contant

Brokers scoping out new leads for selling cyber should consider this new opportunity in the professional class: real estate agents. Real estate agents move large sums of money when houses are selling. There is also typically a time cluster when

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Are commercial lines going direct?

October 7, 2018 by Jason Contant

Commercial lines may be moving more toward a direct model, a property and casualty insurance industry analyst suggested recently. “It’s interesting to see commercial lines moving toward the direct model, which we haven’t really seen,” said Philip Heywood, a partner

News BrokersInsuranceMarkets / Coverages

Is this the beginning of the end of a soft commercial market in Canada?

October 4, 2018 by Jason Contant

The commercial insurance market in Canada may be starting to see indications of premium rate hardening, Hub International Canada president Tina Osen told Canadian Underwriter recently. “It hasn’t all hit yet, so I want to be clear on that,” Osen

News InsuranceMarkets / CoveragesProducts

How SSL Endeavour is streamlining access to the Lloyd’s market

October 3, 2018 by David Gambrill

SSL Endeavour in Canada is streamlining access to the Lloyd’s market by rolling out its Advantage claims management platform, allowing Canadian coverholders and TPAs to input claims data directly into London’s central systems. Streamlining the claims process is a priority

News InsuranceMarkets / CoveragesRisk

Will pot’s health effects lead to the industry’s next tobacco liability exposure?

October 3, 2018 by Greg Meckbach

Marijuana could cause mental illness among youth and government needs to find ways of preventing teens from using it, an Ontario politician said Tuesday. “There are many young people who had their lives turned upside down, and families turned upside

News InsuranceLegislation / RegulationMarkets / Coverages

What changed for insurance industry under the new trade deal?

October 1, 2018 by David Gambrill

Aside from the name change from NAFTA to the United States-Mexico-Canada Agreement (USMCA), what changed for Canada’s property and casualty insurers under the new free trade agreement announced Monday? Not a whole heck of a lot, it would appear. Regulations

News LegalMarkets / CoveragesRisk

Walmart fined $20K for selling contaminated food after Fort McMurray wildfire

October 1, 2018 The Canadian Press

FORT MCMURRAY, Alta. – Walmart Canada has been ordered to pay a $20,000 fine for selling contaminated food after a devastating wildfire in northern Alberta two years ago. Some of the charges against Walmart included failing to dispose of food