Topic Insurers
Brokers cut insurers some slack during the pandemic
May 11, 2021 by David GambrillBrokers appear to be cutting their insurer partners a bit of slack during the pandemic, with more brokers agreeing this year that insurers are striking a fair balance between the interests of carriers and brokers. Over the past three years,…
In the hard market, are you selling on price or coverage?
May 11, 2021 by David GambrillPrice point and carrier capacity have become increasingly important factors for brokers in recommending insurance coverage to their clients over the past year, according to Canadian Underwriter’s 2021 National Broker Survey. Canadian Underwriter asked 234 Canadian P&C insurance brokers across…
How these auto reforms could reduce liability exposure for hospitality clients
May 10, 2021 by David GambrillB.C.’s move towards a form of no-fault auto insurance could wind up reducing liability exposure for commercial insureds in the hospitality and other high-risk sectors, according to a recent blog by Borden Ladner Gervais LLP. The province’s no-fault amendments came…
Canadian primary insurers may align with reinsurers’ new communicable disease exclusions
May 10, 2021 by Jason ContantCanadian insurers may introduce new communicable disease exclusions to harmonize policy language with their revised reinsurance policies, Insurance Bureau of Canada (IBC) said recently. International reinsurance markets introduced a new communicable diseases exclusion in many countries over the past few…
Want a level playing field between tech and insurance? How open banking might help
May 8, 2021 by Greg MeckbachOpen banking rules could help create a level playing field between technology companies and the insurance industry, speakers suggested at a recent virtual conference. Bringing in “consumer-directed finance” will help consumers benefit from a broader range of financial products and…
Why businesses shouldn’t take an adversarial stance towards their claimants
May 8, 2021 by Adam MalikBusinesses risk damaging their brand’s reputation if they take a confrontational approach to claimants, risk experts warned during a recent virtual conference. In addition to paying out more for the claim, a company playing hardball may also wind up losing…
Intact-RSA deal awaits final clearance for takeoff on June 1
May 6, 2021 by David GambrillIntact Financial Corporation and Dutch insurer Tryg A/S have received all anti-trust and regulatory approvals for the acquisition of RSA Insurance Group plc, setting the stage for closing the mega-merger within a month. The last items remaining on the to-do…
Using pics in social media investigations? Here’s one thing you need to do…
May 6, 2021 by Greg MeckbachClaims professionals who rely on videos and photos obtained through social media investigations need to make sure that evidence can be backed up as authentic, Virtual Symposium B.C. speakers suggest. There are several reasons why a social media investigation is…
Putting the ‘casual’ into business casual: Has it gone too far?
May 6, 2021 by Adam MalikDoes your boss show up for a video conference in a hoodie? How many times during the pandemic have you seen a cat stroll across the screen during a video meeting? Or heard children fighting in the background? Most have…
Appeal court ‘vindicates Aviva’ in slip-and-fall lawsuit
May 6, 2021 by Greg MeckbachCommercial liability clients do not have to settle personal injury lawsuits even if the defendants are perceived as having deep pockets, a recent Court of Appeal for Ontario ruling suggests. “A litigant, or its insurer, even if wealthy, is not…
‘Pandamennial’ careers take a nosedive: Why the industry should help
May 5, 2021 by Adam MalikGlobal events have delayed the career development of young insurance professionals and the P&C industry needs to figure out how to help, risk manager execs said during the recent RIMS Live 2021 virtual conference. Colleen Zitt, chief risk officer at…
Mutual insurer group expands with addition of Ontario brokerage
May 5, 2021 by Jason ContantCollectivfide Insurance Group Inc. has finalized the acquisition of Barrie, Ont.-based multiline broker RK Mooney Insurance Brokers Ltd., the fourth brokerage acquisition for Collectivfide, a company formed in 2019. Collectivfide’s shareholders represent mutual insurers in Ontario and across Canada. Although…