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News InsuranceMarkets / CoveragesTechnology

Top 10 Canadian insurer partners with Slice for new digital brand

July 18, 2018 by Jason Contant

The 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

News LegalMarkets / Coverages

How data breaches cause harm even if no financial info is stolen

July 17, 2018 by Jason Contant

A 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

News InsuranceLegislation / RegulationMarkets / Coverages

Why marijuana legalization could impact cyber risk

July 17, 2018 by Greg Meckbach

Commercial 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

News InsuranceMarkets / CoveragesMGAs

How to best insure clients against kidnappers

July 16, 2018 by Jason Contant

While 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

News ClaimsInsuranceMarkets / CoveragesTechnology

How a $395 gadget can prevent a $43,000 flood claim

July 16, 2018 by David Gambrill

Amid 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

News InsuranceMarkets / Coverages

Kingsway sells non-standard auto insurance business

July 16, 2018 The Canadian Press

TORONTO – 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

News Markets / Coverages

Canadian benchmark interest rate up 0.25 percentage points

July 11, 2018 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – 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

News BrokersInsuranceMarkets / Coverages

Where capacity is tightening in general liability lines

July 10, 2018 by David Gambrill

In 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

News BrokersInsuranceMarkets / Coverages

Looking to grow your E&O? Consider emerging classes of consultants

July 9, 2018 by David Gambrill

An 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

News InsuranceMarkets / CoveragesMGAs

Insurers jumping out of the trampoline business

July 8, 2018 by Jason Contant

Canadian 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

News Markets / CoveragesTechnology

Why fully automated cars are a lot further away than you think

July 8, 2018 by Jason Contant

Don’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

News LegalMarkets / Coverages

Truck driver criminally charged in Humboldt Broncos bus crash

July 7, 2018 Dean Bennett - THE CANADIAN PRESS

The 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