Canadian Underwriter

Topic Brokers

Streets inundated by heavy rain in the city. The background of urban construction and management.
News BrokersCatastrophesClaimsEnvironmentalManitoba

Brokers want more consistency in overland flood policies

June 2, 2022 by Alyssa DiSabatino

Despite Manitoba being battered by flooding and severe weather since mid-April, many homeowners may find themselves without overland flood coverage, according to the CEO of the Insurance Brokers Association of Manitoba.   Following an “unseasonably cold spring,” significant snowmelt in

Stressed out broker drinking too much coffee.
News BrokersCommercialInsurersLegalManagementTrusted Advisor

How brokers can help small business clients replace escrow agreements

May 31, 2022 by Jason Contant

M&A insurance can help small and medium-sized enterprises (SMEs) avoid the need for an escrow agreement, but many small business owners aren’t aware of this possible solution. Escrow agreements are commonly found in M&A deals in the SME segment (deals

Lady Justice statue representing justice and equality.
News B.C.BrokersHRLegal

Brokerage loses bid to dismiss human rights complaint

May 31, 2022 by David Gambrill

B.C.’s Human Rights Tribunal has denied an application by insurance brokerage Shaw Sabey and Associates to dismiss a complaint lodged by one of its former employees, Adam Kwan, who is of mixed racial descent. “I want to be clear that

A person holding a large puzzle piece in each hand is about to connect them
News AlbertaB.C.BrokersMergers and AqcuisitionsOntario

Westland expands reach into Ontario with recent acquisitions

May 27, 2022 by Alyssa DiSabatino

Westland Insurance Group Ltd. has broadened its place in commercial and personal lines with the recent acquisition of two Ontario-based brokerages: MCR Insurance in Aurora and Walter Roberts Insurance in Richmond Hill.  Ontario is an area of strategic importance, Westland

Delta flooding after hurricane.
News AdjustersAlbertaB.C.BrokersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsClaims TechnologyEnvironmentalLoss ControlLoss TrendsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.Personal AutoPersonal HomePropertyQuebecSaskatchewanTechnologyYukon

How to speed up claims response for NatCats

May 25, 2022 by Yasser Korany, Mario Delorme and Mazen Habash

Extreme weather events have become common, some bringing unprecedented levels of destruction to structures and facilities, overwhelming owners, property managers and insurers. In response, nearly all major insurers have created centralized Cat units dedicated to handling claims arising from extreme

Defocused image of business people during a meeting
News BrokersHRManagementOperations

NFP’s new executive leadership team in Canada

May 20, 2022 by Jason Contant

NFP Corp. has formed a new executive leadership team (ELT) in Canada. The property and casualty brokerage, which also provides benefits consulting, wealth management and retirement advice, assembled the leadership team as the company continues to grow and expand in

Multi-level brown cottage with white trim sits on the water and is surrounded by trees.
News B.C.BrokersInsurersNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal HomePropertyQuebec

What cottagers may overlook when it comes to seasonal insurance

May 17, 2022 by Alyssa DiSabatino

With the May long weekend just around the corner, many Canadians will be packing their bags and heading up to the cottage, but a post-pandemic surge of demand may mean a lot of cottage rentals, and some important points of

goldfish jumping out of the water and into another empty bowl
News BrokersHRInsurersOperations

During the ‘Great Re-shuffle,’ don’t forget the ones who stay

May 16, 2022 by David Gambrill

With people leaving all around you during ‘The Great Re-shuffle,’ the temptation may be to emphasize recruitment to backfill the people who have been lost, but industry leaders would be well-advised to instead focus on retention, according to a blog

Gathering the data for underwriting a risk.
News BrokersClaimsCommercialCommercial AutoConstructionCyberEmerging RisksHRInsurersLiabilityMergers and AqcuisitionsMGAsOperationsPersonal AutoPersonal HomePropertyRisk ManagersTrusted Advisor

Where have all the good underwriters gone?

May 12, 2022 by Gloria Cilliers

For years, insurers have poached commercial underwriters from one another amid M&A activity, an aging population and hard/soft markets. But that’s left the industry with less seasoned talent and slower investment in acquisition, training and retention. “Suddenly, more so than

An insurance policy is pictured laying on a desk with black framed glasses and a magnifying glass atop it.
News BrokersInsurers

What CISRO’s conduct principles mean for brokers

May 12, 2022 by Alyssa DiSabatino

Canadian Insurance Services Regulatory Organizations (CISRO) has recently published the Principles of Conduct for Insurance Intermediaries, intended to help ensure the fair treatment of P&C consumers — and the Ontario regulator predicts broker compliance will be high.   Many of

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News BrokersInsurersMergers and AqcuisitionsOperations

Ownership critical to independence: broker exec

May 10, 2022 by Gloria Cilliers

Brokers are justified in thinking independence is shrinking due to increased consolidation in the P&C industry, according to Lorie Phair, president of the Canadian Broker Network (CBN), Canada’s largest network of independent brokers. To think ownership does not influence a

A container ship passes beneath a suspension bridge as it departs for Europe.
News BrokersCommercialInsurersSupply Chain

Could the P&C industry have anticipated current supply chain issues?

May 9, 2022 by Alyssa DiSabatino

Pandemic-related supply chain interruptions have been contributing factors to rising commercial client exposures, and this outcome could have been anticipated, say panellists in a Canadian Underwriter webinar. “When you think about firms who have offshored, whether it be processing, or