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Got retention problems? P&C firms with diverse leadership don’t

March 28, 2024 by Alyssa DiSabatino

If your brokerage is looking to solve its labour retention problems, consider this: The more diverse a P&C brokerage’s leadership team is, the less likely staff are to consider leaving their jobs. So finds a Canadian Underwriter survey, asking P&C…

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Desjardins president on why the direct writer expanded into the broker channel

March 28, 2024 by Alyssa DiSabatino

Desjardins’ acquisition of The Insurance Company of Prince Edward Island (ICPEI) will enable the direct writer to diversify its distribution model and expand its national reach, Desjardins General Insurance Group president and chief operating officer Valerie Lavoie tells Canadian Underwriter.  …

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Regulators suspend broker over fraudulent auto claim

March 28, 2024 by David Gambrill

A former Alberta broker who was suspended for a year last July for submitting a fraudulent auto insurance claim has had her B.C. licence suspended for a year, starting March 2024. B.C.’s insurance council said it was revoking her licence…

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Toronto police recover stolen vehicles amid ongoing rise in auto theft

March 28, 2024 by Maan Alhmidi – The Canadian Press

Toronto police announced the recovery of 48 stolen vehicles and the arrests of seven people Wednesday as they detailed their latest attempt to crack down on the growing issue of auto theft in the region. Investigators said information gathered during…

The collapse of the Francis Scott Key Bridge in Baltimore on March 27, 2024 News ClaimsClaims CanadaEngineeringInsuranceMarkets / Coverages

Canadian bridges are safe, officials say, after U.S. bridge rammed by ship collapses 

March 27, 2024 by Jacob Serebrin – The Canadian Press

Canadian authorities tried to reassure the public about the safety of bridges in the country following the collapse of a bridge in Baltimore, Md., early Tuesday morning after it was rammed by a container ship.  Halifax Harbour Bridges, which operates…

Selecting and electronic document (eDoc) News BrokersInsuranceTechnology

Tackling brokers’ Number 1 workflow pain point — eDocs

March 27, 2024 by David Gambrill

Imagine a brokerage having to hire someone just to open electronic documents (eDocs) from insurance companies to find out what they’re about. And yet, that’s exactly what happens when insurance companies send eDocs to brokerages with catch-all titles such as…

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What the P&C industry thinks of Ontario’s 2024 budget

March 27, 2024 by Jason Contant

Proposed reforms to Ontario auto insurance will make life simpler for accident victims but could increase premiums and costs for insurers, says David Marshall, who’s served as senior advisor to the provincial government on auto insurance and pension funds.  In…

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Desjardins expands into broker channel through M&A deal

March 27, 2024 by David Gambrill

Direct writer Desjardins is acquiring the Insurance Company of Prince Edward Island (ICPEI), an insurer that distributes solely through the broker channel. “With this acquisition, we’re strengthening Desjardins’ position in the Canadian commercial insurance market,” Guy Cormier, Desjardin’s president and…

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How to keep cyber criminals from capitalizing on company culture

March 26, 2024 by Alyssa DiSabatino

Humans continue to be the weakest links when it comes to corporate cyber security, but companies looking to reduce phishing or ransomware attempts must first address their company culture, one expert tells Canadian Underwriter.   Over the past two to…

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How the total solar eclipse could affect auto claims

March 26, 2024 by Jason Contant

With a total solar eclipse set to pass over parts of Canada in less than two weeks, researchers at Toronto’s Sunnybrook Research Institute are warning about a possible surge in traffic fatalities. The rare celestial event will unfold over Canada,…

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Giant Tiger customer data compromised in incident with third-party vendor

March 26, 2024 by Tara Deschamps – The Canadian Press

Giant Tiger Stores Ltd. says contact information for some of its customers was compromised in an “incident” linked to a third-party vendor it uses. Alison Scarlett, a spokesperson for the Ottawa-based discount retailer, would not name the vendor on Monday…

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Onlia acquired by PE firm focused on Canadian P&C distribution

March 26, 2024 by David Gambrill

Southampton Financial Inc., a private equity firm focused on the Canadian property and casualty insurance distribution space, has agreed to acquire Onlia Insurance from Achmea and Fairfax Financial Holdings Ltd. Headquartered in Toronto, Onlia is a digital insurance agency that…