Topic
Markets / Coverages
Top 10 Canadian insurer partners with Slice for new digital brand
July 18, 2018 by Jason ContantThe Co-operators and insurtech Slice Labs announced Wednesday a partnership to allow the insurer to launch a new digital insurance brand in Canada. The first product – underwritten by The Co-operators – will be a pay-per-use homeshare offering under the brand…
How data breaches cause harm even if no financial info is stolen
July 17, 2018 by Jason ContantA recent data breach at an Ontario college highlights the importance of educating clients on cybersecurity, even if no financial information was exposed. “Even having your name, address and date of birth stolen can still cause problems,” Don Duncan, security…
Why marijuana legalization could impact cyber risk
July 17, 2018 by Greg MeckbachCommercial brokers looking to place insurance for cannabis providers should be paying close attention to the information their clients keep on medical marijuana patients. Cannabis regulations announced last week will supersede the Access to Cannabis for Medical Purposes Regulations once…
How to best insure clients against kidnappers
July 16, 2018 by Jason ContantWhile kidnap and ransom (K&R) insurance is one type of insurance nobody wants to have to use, there are a few things that should be kept top of mind for brokers placing the coverage. The most important consideration revolves around…
How a $395 gadget can prevent a $43,000 flood claim
July 16, 2018 by David GambrillAmid a wave of sump pumps, backwater valves and other methods designed to keep home basements dry comes a new, simple way to mitigate flood risk – an e-sensor. George Tsintzouras, CEO and co-founder of Canadian water tech company Alert…
Kingsway sells non-standard auto insurance business
July 16, 2018 The Canadian PressTORONTO – Kingsway Financial Services Inc. has signed a deal to sell its non-standard auto insurance business to Premier Holdings, LLC. Chief executive Larry Swets Jr. says the sale will help the company focus on its extended warranty business. Under…
Canadian benchmark interest rate up 0.25 percentage points
July 11, 2018 Andy Blatchford - THE CANADIAN PRESSOTTAWA – The Bank of Canada raised its benchmark interest rate Wednesday in an economy that it predicts will remain resilient even as it faces an even bigger bite from deepening trade tensions. The rate hike was the central bank’s…
Where capacity is tightening in general liability lines
July 10, 2018 by David GambrillIn general liability lines, where pricing and competition are still healthy, brokers are more likely to notice windows of opportunity that are now starting to close – particularly in the hot tar and hospitality lines. “Competition is out there, capacity…
Looking to grow your E&O? Consider emerging classes of consultants
July 9, 2018 by David GambrillAn emerging class of professional consultants is a new area of opportunity for brokers seeking to place errors and omissions (E&O) insurance. “We as a society have changed to become more service-oriented,” says Marilyn vanGansewinkel, vice president of specialty insurance…
Insurers jumping out of the trampoline business
July 8, 2018 by Jason ContantCanadian insurers are jumping out of the trampoline business. Gina Bennett, vice president of Markel Canada’s western region, told Canadian Underwriter Thursday that there are few markets to approach for trampoline risks, as most sports insurance carriers have exited writing…
Why fully automated cars are a lot further away than you think
July 8, 2018 by Jason ContantDon’t hold your breath waiting for the first fully autonomous car to hit the streets anytime soon. Car manufacturers have projected for years that we might have fully automated cars on the roads by 2018. But for all the hype that…
Truck driver criminally charged in Humboldt Broncos bus crash
July 7, 2018 Dean Bennett - THE CANADIAN PRESSThe driver of a transport truck faces 29 criminal charges in a fatal collision that killed 16 people, including 10 players, with the Humboldt Broncos junior hockey team. Thirteen other players were injured. RCMP say Jaskirat Singh Sidhu, 29, is…