Canadian Underwriter

News


News InsuranceMergers and AqcuisitionsTechnology

What buyers look for in a brokerage

January 16, 2019 by Greg Meckbach

Information technology is one driving force behind mergers and acquisitions involving property and casualty insurance brokerages. Acquiring new products, talent and technology are among the reasons behind M&A activity in P&C insurance, said Georges Pigeon, a Montreal-based partner with KPMG’s…

News InsuranceMarkets / CoveragesReinsurance

Hard market? Not so fast.

January 16, 2019 by Jason Contant

The Canadian insurance industry is not at the beginning of a hard market, says Phil Cook, a P&C industry consultant and CEO of Omega Insurance Holdings. “There are some commentators out there that will say we are at the beginning…

News Climate Change

How flood risk will change in Northern Canada

January 16, 2019 by Bob Weber - THE CANADIAN PRESS

The impact of climate change on roads and other crucial structures in Canada’s North is likely to be even greater than feared, says new detailed research. “These are greater impacts than anything I’m aware of,” said John Pomeroy, head of…

News Insurance

Paid 3 Ways Small Businesses Can Stay Compliant Under Federal Privacy Laws

January 16, 2019 by David Smagata, DAS

How can small businesses stay compliant under PIPEDA? The Office of the Privacy Commissioner of Canada has published various online resources for both individuals and businesses to help better understand their obligations under the Personal Information Protection and Electronic Document…

News BrokersEmploymentInsurance

Hub’s take on the merger between P&C and employment benefits

January 15, 2019 by Jason Contant

As it continues to expand its employee benefits solutions, Hub International is training its more than 4,000 employees in Canada to articulate that it is not just a property and casualty brokerage. “There’s still a training and development and learning…

News BrokersTechnology

Why your brokerage needs an online presence

January 15, 2019 by Jason Contant

Brokerages looking to scale their expertise should focus their efforts online, says the CEO of a Vancouver-based company that helps brokers with automation solutions. “Externally, the new standard of engagement is online,” Jeff McCann, CEO of Digital MGA Marketplace Ltd.,…

News BrokersInsuranceMergers and Aqcuisitions

What these brokerages bring to the table in Hub merger

January 15, 2019 by Greg Meckbach

A Quebec brokerage recently acquired by Hub International Ltd. brings expertise in construction and auto dealerships to the table. “Hub is already major player, if not one of the biggest brokers in Quebec,” Alain Giroux, executive vice president of Montreal…

Ontario legislature at Queen's Park in Toronto, Ontario government News Legislation / Regulation

Industry in the dark on auto reform

January 15, 2019 by Greg Meckbach

Nearly two years after David Marshall released his report on Ontario auto insurance reform, there is still no indication on where the government plans to go with it. “We haven’t had a concrete yes or no that they are going…

News Legislation / RegulationRiskTechnology

This province lacks ‘reasonable’ cyber security: privacy commissioner

January 15, 2019 by Keith Doucette - THE CANADIAN PRESS

HALIFAX – A pair of reports slam the Nova Scotia government for failing to protect personal information, saying the risk management around its freedom-of-information website was inadequate and a privacy breach last year was preventable. In his report released Tuesday…

News Legal

One way to bullet-proof your waiver clause: Tribunal

January 14, 2019 by Greg Meckbach

The use of bold lettering and capitalization in a waiver clause helped a storage locker firm defend itself from a claim from a customer. Four storage units were broken into on Aug. 12, 2016. One of those units was rented…

News InsuranceTechnology

Why future AI will involve less data

January 14, 2019 by Jason Contant

Machines and applications with artificial intelligence (AI) capabilities will soon rely less on bottom-up big data and more on top-down reasoning that more closely resembles the way humans approach problems and tasks, Accenture said Monday. “We will have top-down systems…

News AdjustersClaimsInsuranceRisk

An adjuster’s take on the hazards of cannabis edibles

January 14, 2019 by Jason Contant

Edibles containing cannabis are expected to become legal in Canada later this year, so insurance professionals are encouraging social hosts and commercial establishments to ensure their guests are consuming these products responsibly. With the legalization of recreational marijuana in Canada…