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Broker standing in front of a series of doors, representing choices.
News BrokersClaimsCommercial LinesInsuranceMarkets / CoveragesProductsRisk

Does your client need D&O or an ancillary coverage?

January 26, 2023 Philip Porado

While directors and officers (D&O) insurance is designed to cover individuals and corporate assets on the broadest threat level, certain exposures may require separate, dedicated policies focused on specific risks. When claim scenarios are investigated, it may become clear a

Shelly Willick
News BrokersInsuranceProducts

2023 Executive Outlook | Shelley Willick, Sandbox Mutual

December 29, 2022 Canadian Underwriter Staff

Shelley Willick, president, CEO, Sandbox Mutual Insurance Continued investment in technology and more diverse product offerings will be critical to meeting consumers’ shifting expectations. The pandemic changed the way people choose to spend their time. Consequently, policyholders are demanding simple,

Intellectual property concepts
News ClaimsCommercial LinesInsuranceLegalMarkets / CoveragesMGAsProducts

Why your SME client needs intellectual property ‘pursuit’ coverage

November 24, 2022 by Jason Contant

Your small and medium-sized enterprise (SME) clients need to consider intellectual property (IP) ‘pursuit’ coverage to allow them to take on large corporations to protect their products and market share, a specialist insurance provider told Canadian Underwriter. A business’s ability

A giant fireball is seen as a wild fire rips through the forest 16 km south of Fort McMurray, Alberta on highway 63 on May 7, 2016. THE CANADIAN PRESS/Jonathan Hayward
News CatastrophesClaimsInsuranceProductsRiskTechnology

Why insurers should invest in genetically modified trees

November 22, 2022 by David Gambrill

Insurance companies should consider investing in genetically-modified, slow-burning trees to mitigate wildfire damage, according to a first-prize pitch at the WinterHack 2022: Design Thinking Ideathon. “We will be taking advantage of state-of-the-art biotechnology and building upon it to create a

A red car has slid on the icy road and his into the freeway medium. A moderate traffic jam with two other white cars has occured
News BrokersClaimsInsuranceMarkets / CoveragesProductsRisk

Will inflation stop Canadians from buying winter tires?

November 17, 2022 by Alyssa DiSabatino

Even when faced with the rising cost of living, 82% of Canada’s motorists believe investing in winter tires is important, said a new survey by the Tire and Rubber Association of Canada (TRAC).  However, brokers will be interested to know

A businessman holds a white, 2 dimensional umbrella over a scale. A bag of money and wooden blocks spelling "risk" sit on either side of the scale
News BrokersInsuranceMarkets / CoveragesProducts

How clients can get better rates during the hard market

November 16, 2022 by Alyssa DiSabatino

Insurers’ low-risk policyholders may still experience premium increases amid the hard market, but clients can take mitigating steps, said Ilan Serman, regional president of Ontario at Gallagher during yesterday’s Gallagher Talks session, Anatomy of the Canadian Insurance Market. “[I had]

News AdjustersAnnouncementsClaimsClaims CanadaClimate ChangeEngineeringInsuranceProductsRestoration

New claims-management service launches certificate program for insurers

November 11, 2022 by Alyssa DiSabatino

A new claims management program, which enables insurance companies to divert waste from landfills by recycling flooring and drywall during the claims and restoration process, has officially launched its certification program.   The EcoClaim certificate program will enable insurers to

Hand Reaching into Toilet to Retrieve a Mobile Phone
News AdjustersClaimsCommercial LinesInsuranceLegalProducts

Damage appraisal method leaves a toilet back-up case running

October 28, 2022 by David Gambrill

Did a toilet backup cause $35,700 worth of damage to the cell phone stock of a retail business, as argued by Gore Mutual, or $105,000, as the business owner claimed? Neither side agreed with the appraised value of the losses,

Snarling vampire on Halloween
News Commercial LinesInsuranceMarkets / CoveragesMGAsProducts

Do your clients need vampire facial coverage this Halloween?

October 28, 2022 by Jason Contant

You may have seen Instagram influencers posting shots of their faces covered in their own blood – a macabre-looking skincare treatment known as a ‘vampire facial.’ Easily mistaken for scary Halloween make-up, a vampire or blood facial, or platelet-rich plasma

Magnet draws talent to a company
News BrokersInsuranceMarkets / CoveragesMergers and AqcuisitionsProductsProfessional Development

How to find P&C talent by acquiring wealth planning advisories

October 27, 2022 Philip Porado

Frequent announcements about Canadian P&C brokerages buying retirement and wealth planning advisories raises an interesting question: What do the acquirers offer to the employees of the firms they buy? The short answer is development opportunities, said Terri Botosan, regional president

Concept of blocking a cyberattack
News InsuranceLegislation / RegulationMarkets / CoveragesProductsRiskTechnology

Predictions for regulation in cyber market

October 14, 2022 by Alyssa DiSabatino

Regulators and governments can work with the insurance industry to develop the cyber product through data sharing and consumer education, said Celyeste Power, IBC’s executive vice president of strategic initiatives and advocacy during a Canadian Underwriter webinar.  “We think governments and regulators

Merger and acquisition business concept
News BrokersCommercial LinesInsuranceMergers and AqcuisitionsProducts

Canadian P&C brokerage M&A explodes in late 2022

October 13, 2022 by Jason Contant

P&C brokerage merger and acquisition activity in Canada remains strong and healthy, as evidenced by the number of deals announced in just the past couple of weeks. Those deals involve brokerages that include Westland Insurance Group, BrokerLink, Western Financial Group,