Topic
Insurance
Institute launches new phase of industry-wide recruitment initiative
April 4, 2024 by David GambrillSupporting an industry-wide effort to bring new talent into the Canadian property and casualty industry, the Insurance Institute of Canada today introduced its ‘Accelerated Competence Series,’ a program of five new learning modules for industry hires. “The Accelerated Competence Series…
How brokers can harvest insurance capacity for farmers
April 4, 2024 Alyssa Di SabatinoOne key element of creating a farm-specific MGA was the need to introduce proprietary technologies. Brokers of late have expressed concerns about the proliferation of new portals, which many see as a burden. “The first thing is acknowledging it is…
Spring storm knocks out power to tens of thousands across Quebec, Ontario
April 4, 2024 The Canadian PressA spring storm across Quebec and Ontario on Thursday knocked out power to tens of thousands of customers, closed schools and blanketed the Montreal area with heavy, wet snow. In Quebec, more than 220,000 homes and businesses had no electricity…
What’s new in restoration and adjuster national licensing?
April 4, 2024 by Jason ContantThe trend of insurers owning restoration firms and third-party vendors may not continue, particularly since controlling costs remains a priority for carriers, sources tell Canadian Underwriter. It also looks like a national adjusting licensing standard or cross-provincial licensing will not…
BBCG Appoints Trevor Grzybowski as Director of Toronto Office
April 4, 2024 SCM Insurance ServicesTORONTO, ON, APRIL 4, 2024/insPRESS/ – BBCG Claim Services (BBCG), a division of ClaimsPro’s Specialty Risk Division and a national provider of specialized claims solutions, today proudly unveils the appointment of Trevor Grzybowski as the Director of its Toronto office.…
No accident benefits for firefighter responding to deadly van attack
April 3, 2024 by David GambrillA firefighter suffering from post-traumatic stress disorder (PTSD) after witnessing the aftermath of a rental van attack killing 10 people in Toronto in April 2018 is not entitled to accident benefits, because he was not involved in an “accident,” an…
How insurers verify truck fleet sizes before insuring them
April 3, 2024 by Alyssa DiSabatinoCommercial truck fleets trying to get more favourable insurance rates by only reporting the trucks on the road, and not the ones on their lots, might find themselves outwitted by the industry’s scrutiny, sources tell Canadian Underwriter. But whether due…
How lithium-ion batteries threaten recycling facilities
April 3, 2024 Philip PoradoIntroduction of lithium-ion batteries has introduced new hazards into the everyday lives of Canadians due to their ability to catch fire spontaneously – a phenomenon known as ‘thermal runaway.’ What began as concerns about fires started by cell phone and…
Police investigate multi-tractor crash as carbon-levy protests continue in Alberta
April 3, 2024 The Canadian PressMounties in Alberta say they’re keeping traffic moving on the Trans-Canada Highway despite a roadside carbon-levy protest, and say five large farm tractors have already caused a multi-vehicle crash. Protesters slowed traffic on the Trans-Canada just west of Calgary on…
Why brokers are looking at personalized communication automation
April 2, 2024 by Jason ContantCanadian property and casualty insurance brokerages are gravitating towards personalized communication automation (PCA), an executive at brokerage automation company Pathway tells Canadian Underwriter. Nine years ago, only about 3% of insurance brokerages had adopted PCA into their operations, says Alek…
Canadian businesses are at risk of insolvency — here’s how insurance factors in
April 2, 2024 by Alyssa DiSabatinoIn Canada, corporate insolvencies have noticeably increased year over year, but brokers can step in to assist their clients with cash flow management and risk mitigation solutions, one expert shares. Insolvencies, defined as a business’s inability to abide by their…
3 ways Canadian insurers can prepare for political risk
April 2, 2024 by David GambrillCanada is not immune to social divisions resulting in damage caused by political protests, and insurance companies can do three things to prepare for political risk, says a new report published by the Insurance Institute of Canada. First, insurance companies…