Topic
Markets / Coverages
How to explore an untapped market in identity fraud protection
July 5, 2018 by Jason ContantWhile the majority of polled Canadians (86%) believe they are increasingly at risk of identity fraud, only about one-quarter have identity fraud protection, a recent survey has found. Conducted on behalf of Vancouver-based fintech company Mogo, the survey polled 1,514…
Falls sending more Canadians to hospital, report shows
July 5, 2018 Sheryl Ubelacker - THE CANADIAN PRESSTORONTO – A raised bit of concrete on a sidewalk. An icy patch on the road. A misstep on the stairs at home. All of these can lead to accidental falls – landing a person not only on the ground,…
Shop Canadian when selling marine, brokers advised
July 4, 2018 by Jason ContantBrokers interested in selling marine insurance should target coverholders and managing general agents (MGAs) in Canada rather than going straight to the London market, a senior marine surveyor told Canadian Underwriter recently. “There are a lot of MGAs and coverholders…
What have we learned from Lac-Megantic train derailment?
July 3, 2018 by Greg MeckbachNearly five years after a fatal accident in which a runaway freight train caught fire in Lac-Mégantic Quebec, the frequency of uncontrolled train movements is on the rise, the Transportation Safety Board of Canada warned Wednesday. “In 2017, there were…
Leading Canadian insurers ‘looking at M&A intensely’
July 3, 2018 by Greg MeckbachBrokers can expect to see a major carrier consolidation deal this year, assuming the prediction of a major mergers and acquisitions (M&A) advisory firm holds true. Of the top 10 Canadian P&C insurers, “it could be expected that a few…
Violent storms leave thousands without power in Quebec
July 3, 2018 The Canadian PressMONTREAL – More than 15,000 homes and businesses in Quebec were still without power and air conditioning this afternoon following violent storms. As of 2 p.m., 15,234 Hydro-Quebec customers were blacked out, mainly due to fallen trees and branches on…
What Canadians think of their travel medical insurance
June 29, 2018 by Jason ContantMore than eight in 10 polled Canadians who have purchased travel medical insurance are “satisfied with the product and the value it provides” and 98% of those who made claims in the past year were fully or partially paid, a…
Why homeowners are happy with their insurers despite rate increases
June 29, 2018 by Jason ContantDespite rising premiums, homeowners’ satisfaction with their insurance providers has increased for the third consecutive year, according to the J.D. Power 2018 Canada Home Insurance Study. The survey, released on Thursday, rated overall satisfaction at 786 on 1,000-point scale. Homeowners…
New Brunswick says delay of legal cannabis sales costly for province
June 29, 2018 The Canadian PressFREDERICTON – New Brunswick says it will be ready for cannabis sales when they become legal in October – but the delay from the original July startup will cost the province millions of dollars in revenue. Finance Minister Cathy Rogers…
BFL Canada receives capital injection from Quebec pension fund manager
June 28, 2018 by David GambrillLa Caisse de dépôt et placement du Québec (CDPQ), a Quebec pension fund manager, has acquired a 20 per cent minority interest in BFL Canada, one of the largest commercial insurance brokers in Canada. The investment will help BFL Canada,…
Why brokers need to stay in front of students who move away from home
June 28, 2018 by David GambrillStudents who leave home for school represent a big opportunity for brokers to provide value-added advice on a variety of insurance coverage changes, but the key is for brokers is to get in front of the students before they make…
Economical makes history by submitting demutualization proposal to Ottawa
June 27, 2018 by Greg MeckbachEconomical Insurance has made history as the first property and casualty insurer in Canada to officially ask the federal government for permission to demutualize. The Waterloo, Ont.-based carrier announced Tuesday it has submitted a proposal to the country’s financial regulator…