News
Ontario imposes restrictions on industrial operations in northwest as wildfires burn
July 20, 2021 by The Canadian PressNORTHWESTERN ONTARIO – Ontario is imposing new restrictions on the mining, rail, construction and transportation industries in the province’s northwest to reduce the likelihood of human-caused fires. The move comes as 107 active wildfires burn in the region, with 32…
3 steps for an effective back-to-the-office plan
July 19, 2021 by Jason ContantIf back-to-the-office conversations are just starting at your company, or if you are finding that an early strategy isn’t working, employers should take a three-step approach to creating a successful plan, a business strategist suggests. As a manager, the first…
Who’s building your client’s green energy farm? Why you need to know
July 19, 2021 by Adam MalikWhether it’s a solar or wind turbine farm, or any other energy-related facility, an insurer expert is raising red flags about the quality of people at job sites. Underwriters care about a site and its propensity to be hit by…
Why your clients may not have the high ground on overland flood risk
July 19, 2021 by Greg MeckbachMany homeowners opt not to buy overland flood coverage and this could leave them uninsured in the event of a severe rain storm. “Overland flooding is any water that comes into your house through the windows or door or anything…
New industry anti-fraud group gets its first CEO
July 19, 2021 by Greg MeckbachTerri O’Brien, a former vice president at TD Bank, is now CEO of Équité Association, the anti-fraud organization announced Monday. Équité Association is a new organization that integrates Canadian National Insurance Crime Services (CANATICS) and the IBC’s investigative services division.…
Drought ravages crops and pastures across the Prairies
July 19, 2021 by Amanda Stephenson - THE CANADIAN PRESSCALGARY – Farmers are calling for emergency disaster relief as drought ravages crops and pastures across the Prairie provinces and beyond. Scorching temperatures and little to no rainfall have left crops in poor condition across wide swaths of Alberta, Saskatchewan…
Auto dealer penalized for use of insurer’s internet quoting system
July 16, 2021 by David GambrillAlberta’s broker regulator has issued an $8,000 civil penalty against an auto dealership, Avenue Motors Ltd., after an insurance company complained about alleged misuse of the insurer’s online quote generator by the dealership’s employees. The dealership holds a Restricted Corporate…
Lessons learned in a year when strategy changed on the fly
July 16, 2021 by Adam MalikUnderstanding the relationship between your in-person and online communities is a lesson that one brokerage is taking away after 16 months of change when it comes to marketing and attracting new clients. COVID-19 was declared a global pandemic on March…
How the cyber threat landscape is evolving
July 16, 2021 by Jason ContantCyberattacks used to traditionally target specific industry sectors like healthcare, but one cyber insurance writer is now seeing a wide range of sectors in the line of fire. “When you look at our 2020 stats, we see a big difference…
Why insured losses from Barrie twister may be higher than you think
July 16, 2021 by Greg MeckbachThe number of Barrie, Ont. clients whose homes are damaged beyond repair by Thursday’s tornado may be more than initially reported, an industry expert predicted Friday. The tornado touched down at about 2:30 p.m. July 15, the Canadian Press reported.…
Ford issues three safety recalls affecting 42,000 Canadian vehicles
July 16, 2021 by The Canadian PressDEARBORN, Mich. – Ford Motor Co. has issued three safety recalls affecting 850,000 vehicles in North America, including nearly 42,000 in Canada. The largest recall involves 775,000 Explorers, including almost 33,000 in Canada, for model years 2013 to 2017. The…
Why boat insurers are starting to feel more like car insurers these days
July 15, 2021 by Canadian UnderwriterBoats with high-tech safety gadgets are starting to look a lot more like cars nowadays — and that means more expensive and difficult repairs, as Aviva Canada reports. “The big trend we are seeing right now in watercraft is big…