Topic
Markets / Coverages
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…
$400M Ontario windstorm ‘not quite’ the new normal
June 15, 2018 by Jason ContantIf water is the new fire, then what is weather? For Paul Kovacs, executive director of the Institute for Catastrophic Loss Reduction (ICLR), weather is definitely what will be taking the lion’s share of payouts in the next quarter century.…
Regulator says company had legal obligation to fix and maintain rail line
June 15, 2018 The Canadian PressWINNIPEG – Federal regulators have ruled that the owners of a broken rail line to Churchill were wrong not to repair the line that kept the northern Manitoba community connected to the outside world. The Canadian Transportation Agency says the…
A new tool for small businesses in the fight against cybercrime
June 14, 2018 by Jason ContantThe federal government has unveiled its National Cyber Security Strategy, with which it will establish a voluntary, recognizable certification intended to enable small- and medium-sized enterprises (SMEs) to demonstrate to both businesses and consumers that they meet a baseline set…
Montreal borough votes to restrict Airbnb-style rentals in downtown core
June 13, 2018 The Canadian PressMONTREAL – A Montreal borough is bringing in new rules aimed at limiting the number of short-term rentals in the city’s downtown core. Councillors in the Ville-Marie borough voted in support of a new motion on Tuesday evening to restrict…
Travelers offers HR advice for small business clients
June 12, 2018 by Jason ContantTravelers Canada has launched a new suite of services extending beyond insurance for small business customers. Legal assistance and human resources services will now be offered, at no extra cost, to help small business owners manage day-to-day activities fundamental to…
Is investing in AI worth it for Canadian insurance carriers?
June 12, 2018 by Jason ContantWhile the vast majority (94%) of Canadian insurance professionals surveyed believe that artificial intelligence (AI) will transform the insurance industry, the jury is still out on whether carriers are receiving a return on investment from analytics yet. Insurance Nexus released…