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How Intact and Aviva are preparing for a possible Canada Post strike

September 19, 2018 by Jason Contant

Canada’s two largest insurers have plans in place to provide policy documents to consumers in the event of a postal strike. Workers at Canada Post may strike as early as Sept. 26 if their union cannot reach a new contract…

News ClaimsMergers and AqcuisitionsTechnology

How corporate mergers impact cyber risk

September 19, 2018 by Greg Meckbach

Cyber risk goes up if a company goes through a merger or acquisition, an information security consultant suggests. One way your client can reduce cyber risk is to know what hardware and software is on their computer network, Jeremy Hurst,…

News InsuranceMarkets / CoveragesRisk

Federal government accelerates phase out of rupture-prone rail tankers

September 19, 2018 by The Canadian Press

OTTAWA – The federal government is speeding up the timelines for the removal of rupture-prone tank cars from Canadian railroads. Ottawa has taken steps to phase out certain types of tank cars following the deadly train derailment and explosions in…

News BrokersInsurance

Paid Your clients are ready to dive in to their vacation. Are you helping them breathe easy?

September 18, 2018 by Allianz

Swimming in a crystal blue ocean, soaking up a warm tropical sun. Travelling is all about the experiences that help you become one with the moment. But when those experiences result in the unexpected, travel protection becomes a universal need.…

News InsuranceMGAsProducts

Expanded coverage for landlords’ risks

September 18, 2018 by Jason Contant

Managing general agent APRIL Canada announced Tuesday it has launched what it is calling the “only” unpaid rents and damage insurance for landlords in Ontario and Quebec. Historically, these two risks are not addressed by current insurance offerings, as insurers…

News ClaimsInsuranceLegal

The ‘Big Three’ indicators of address fraud

September 18, 2018 by Jason Contant

Insurers looking to verify a claimant’s address should focus on bank, credit card and cellphone records, an insurance defence lawyer said Tuesday. Andrew Grayson, a lawyer specializing in insurance defence litigation with Regan Desjardins LLP, called those records the “Big…

News BrokersProfessional Development

Why this brokerage is not looking to hire insurance experts

September 18, 2018 by Greg Meckbach

When Matt Alston hires workers for his property and casualty brokerage, he is not looking for a walking encyclopedia of insurance. At Surex Direct, personality “always trumps technical skills and accreditations,” said Alston, Surex Direct’s co-founder and chief operating officer.…

News BrokersMergers and Aqcuisitions

Marsh & McLennan agrees to buy Jardine Lloyd Thompson

September 18, 2018 by Greg Meckbach

If a US$6.4-billion deal announced Tuesday is approved, commercial brokerages Marsh and Jardine Lloyd Thompson will be owned by the same company. New York City-based Marsh & McLennan Companies Inc. says its board of directors has agreed to an acquisition…

News ClaimsRisk

Alberta farmers feel effects of B.C. wildfires, late-summer snowfall

September 18, 2018 by Aleksandra Sagan - THE CANADIAN PRESS

Some Alberta farmers are concerned about their crops after a late-summer snowfall blanketed parts of the province, with more flurries expected in the forecast. Early season snow can squash crops that grow upright, like wheat and barley, make them harder…

News ClaimsInsuranceTechnology

Mitchell data confirms increased Canadian collision costs

September 17, 2018 by Jason Contant

Recent data from Mitchell International seems to confirm what Canadian insurers have been saying: collision repair costs and severity potential is increasing. On Sept. 11, Mitchell released its Canada Collision Summary: Q2 2018 report. It includes Canada-specific data from body…

News RiskTechnology

How insurers can tell real online consumers from fake ones

September 17, 2018 by Jason Contant

Being able to quickly identify a “true” customer compared to a synthetic identity created by a cybercriminal can help insurers tailor offerings to the right customers early in the account creation process, a security engineer said Friday. “If you know…

News InsuranceLegal

How basement flooding devalued this property

September 17, 2018 by Greg Meckbach

Recurring basement flooding means a homeowner’s property is worth about $35,000 less than it would otherwise be valued at for tax purposes, says an official from the board that hears Ontario property tax appeals. Sharon Latta owns a home near…