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Signs of a hardening commercial market

August 20, 2018 by Greg Meckbach

Shopping around for the best deal for a business client may be getting more difficult as commercial lines prices start to uptick. Among commercial insurers, “it seems there is a little bit of tightening up on the risk appetite,” Raymond…

News BrokersTechnology

Should brokerages be open evenings or weekends?

August 20, 2018 by Greg Meckbach

Many brokerage offices are open for business outside of normal working hours but some question whether this is really necessary, given recent advances in web services. “It shouldn’t really matter if your technology is structured properly” whether your brokerage is…

News ClaimsInsurance

Few B.C. wildfire claims thus far, although situation remains fluid

August 20, 2018 by Jason Contant

Although property damage as a result of the wildfires in British Columbia has been “light” so far this year, the industry must remain vigilant as this could change quickly, said Glenn McGillivray, managing director of the Institute for Catastrophic Loss…

News Insurance

The better way to sell insurance to Millennials

August 20, 2018 by Jason Contant

If the insurance industry wishes to sell more products to Millennials, the industry must adapt to what Millennials want, and not the other way around, according to a recent white paper from Cake & Arrow, a New York City-based agency…

News InsuranceLegislation / Regulation

Airbnb asks federal government for regulation

August 20, 2018 by Jordan Press - THE CANADIAN PRESS

OTTAWA – One of the world’s largest short-term rental websites is inviting the Trudeau Liberals to create a regulatory regime for the burgeoning industry – something its critics have long advocated and raising pressure on the government to set rules…

News BrokersInsuranceMergers and AqcuisitionsTechnology

Demand for omni-channel drove this brokerage merger

August 17, 2018 by Greg Meckbach

Hub International Ltd. is planning to use the recent acquisition of a Windsor, Ont. firm to expand its online services with existing brokerages. “The reason why we bought Cypher Systems Group is we really felt that we wanted to have…

News Markets / CoveragesTechnology

Which insurance lines will blockchain transform?

August 17, 2018 by Jason Contant

As the hype around blockchain continues and it looks increasingly like the technology is here to stay, insurers are taking a closer look and seeking to create coverages to respond to this evolving market. Blockchain currently has a variety of…

News Markets / CoveragesMGAsRisk

Diversity critical for MGA entering Quebec market

August 17, 2018 by Jason Contant

For Canadian managing general agents, maintaining a diversified portfolio and effective distribution channel for products is crucial to success, according to Gary Hirst, president of CHES Special Risk. Hirst spoke to Canadian Underwriter Thursday, one day after CHES announced it…

News InsuranceLegalMarkets / Coverages

Directors’ liability at issue in challenge to environmental protection order

August 17, 2018 by Greg Meckbach

A Saskatchewan company facing a possible fine of $1 million arising from an alleged environmental offence could have its case heard by the Supreme Court of Canada. The case centres around the validity of an environmental protection order. In Canada,…

News LegalMarkets / Coverages

Court allows Just for Laughs founder to appeal class-action sexual harassment lawsuit

August 17, 2018 by Stephanie Marin - THE CANADIAN PRESS

MONTREAL – Quebec’s top court will allow Just For Laughs founder Gilbert Rozon to appeal a decision that authorized a class-action lawsuit brought against him by several women for alleged harassment and sexual assault. Quebec Court of Appeal Justice Mark…

News BrokersInsuranceProfessional DevelopmentTechnology

Why IBAO decided to move CAIB exams online

August 16, 2018 by Jason Contant

The Insurance Brokers Association of Ontario (IBAO) is anticipating “significant” time and cost savings as the exams for the Canadian Accredited Insurance Brokers (CAIB) program move to a “fully digital experience” in the province by December. “We’ll no longer be…

News InsuranceLegal

Court orders parent to produce underwriting file to prove she denied permission for her child to drive

August 16, 2018 by Greg Meckbach

If a parent does not give permission to a child to drive the car, then if the child gets into a serious accident, a court could order the parent to produce the underwriting file to prove they did not grant…