Canadian Underwriter

News


News BrokersInsuranceMergers and Aqcuisitions

BrokerLink scoops up two family-owned brokerages

September 9, 2019 by Jason Contant

Intact subsidiary BrokerLink is continuing its acquisition spree, announcing last week that it has bought two family-owned brokerages in Ontario. BrokerLink, one of the largest property and casualty insurance brokerages in Canada, said Sept. 4 it acquired Bradley’s Commercial Insurance…

News AdjustersCatastrophes

The impact of Dorian on Canada’s P&C industry

September 9, 2019 by Greg Meckbach

Hurricane Dorian is definitely a catastrophe-level event for Canadian insurers, probably with huge business interruption losses and possibly bigger than 2016’s Hurricane Matthew, industry experts said Monday. “Business interruption is going to be huge on the commercial book of business,”…

News Insurance

Paid Why your clients need personal umbrella coverage

September 9, 2019 by Graham Haigh, VP, Broker Distribution, Wawanesa Insurance

  Convincing someone that they could have more coverage than they do now – often for less money – should be a slam dunk. Right? That’s exactly what personal umbrella policies offer. So why aren’t they more popular? Let’s break…

News BrokersMergers and Aqcuisitions

How Hub’s latest acquisition differs from the previous six

September 6, 2019 by Jason Contant

Hub International’s latest acquisition in Ontario is a bit of a break from its recent transactions in the country, which were focused on western Canada. Chicago-based Hub announced Thursday that it had acquired Mississauga, Ont.-based independent employee benefits consulting firm…

News Claims CanadaInsuranceLegal

Subrogated claim confirms obligations of homeowners using heating oil

September 6, 2019 by Greg Meckbach

If your client’s home is heated by oil supplied from an outdoor tank, do they need to conduct annual maintenance? This question came up in a recent subrogated home insurance claim. A Court of Appeal for Ontario ruling released this…

News Insurance

What distracted driving conviction can mean on renewal

September 6, 2019 by Greg Meckbach

For your Ontario auto clients, distracted driving convictions carry a greater risk of higher rates on renewal. “Now that distracted driving is with many carriers a major conviction, I think we can translate that for brokers [so] that they quickly…

News InsuranceTechnology

Will the gig and sharing economy kill bundled policies?

September 6, 2019 by Adam Malik

The rise of the gig and sharing economies stands to kill a traditional insurance selling feature: bundled policies. That means it’s time to change the way the industry approaches its selling strategy, one insurance expert believes. The growth of gig…

News Claims CanadaRiskTechnology

Cybercriminals manipulate their way into company computers

September 6, 2019 by Joyce M. Rosenberg - THE ASSOCIATED PRESS

NEW YORK – The cybercriminal who steals information or money from a small business is probably a master of deception and manipulation as well as a techno-expert. When Nancy Butler got a call from someone claiming to be from her…

News ClaimsInsurance

Dorian tracking to pack hurricane-force winds when it hits Atlantic Canada

September 5, 2019 by Jason Contant

Hurricane Dorian will likely pass over Nova Scotia and Prince Edward Island with hurricane force winds, before developing into a post-tropical storm over Newfoundland and Labrador, according to the latest projections from the Canadian Hurricane Centre (CHC). A tropical cyclone…

News InsuranceTechnology

Does your new tech actually make clients’ lives easier?

September 5, 2019 by Adam Malik

So you’ve just installed this new digital doodad to make your customer’s life easier – great. But did you inadvertently just make things more frustrating for your client? Warren Lederer, chief operating officer at Madison Advisors, which works in the…

News BrokersInsuranceTechnology

Why the insurance industry should consider partnering with Google and Amazon

September 5, 2019 by Adam Malik

Don’t scoff at the prospect of Silicon Valley tech giants getting into the insurance business – and the insurance industry should consider partnerships with them, one expert said at a recent conference. Denise Garth, Majesco’s senior vice president of strategic…

News InsuranceProductsTechnology

Ontario approves electronic proof of auto insurance

September 5, 2019 by Jason Contant

Ontario has become the fourth province in Canada to approve the use of electronic proof of auto insurance (EPAI) for drivers, effective immediately. The approval, announced Thursday morning by Ontario’s Minister of Finance, Rod Phillips, follows the lead of Alberta,…