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Public insurer’s Top 5 fraud cases of 2018

January 9, 2019 by Jason Contant

Manitoba Public Insurance (MPI) has released its annual Top 5 list of insurance fraud cases for 2018. The list is compiled based on the unique circumstances of each fraud, financial savings to MPI ratepayer and “investigative excellence in unearthing the…

News InsuranceMarkets / Coverages

Beginner’s guide to insuring pot

January 9, 2019 by Jason Contant

After nearly three months of recreational marijuana being legal in Canada, insurers are still trying to wrap their heads around a sector with no track record and lots of uncertainty. For specialist insurer CFC Underwriting, there is still some caution…

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

The first priority for the Insurance Brokers Association of Ontario

January 9, 2019 by Greg Meckbach

Reforming auto insurance is top of mind for Jeff Gatcke, the new president of the Insurance Brokers Association of Ontario. “Our Number 1 priority would be working with insurance companies and the government on changes to the auto insurance product…

News BrokersInsuranceMergers and Aqcuisitions

McDougall merges with Barrie, Ontario brokerage

January 9, 2019 by Greg Meckbach

McDougall Insurance Brokers of Belleville, Ont. announced Tuesday it has merged with Barrie-based Dusome Insurance Brokers. The combined firm has 34 offices, including Kingston, Peterborough, Deep River, Pembroke, Orillia, Trenton, Cornwall and Oshawa. Dusome’s 11 employees will join McDougall as…

News Insurance

Ontario wants to hear from consumers about how to lower auto rates

January 9, 2019 by David Gambrill

The Ontario government is inviting drivers and consumers to share their views on how to lower the province’s auto insurance rates, part of a broader initiative on auto insurance reform. “The previous government’s failed system of stretch goals on auto…

News Legislation / Regulation

What needs to happen before interest rates rise

January 9, 2019 by Andy Blatchford - THE CANADIAN PRESS

OTTAWA – The Bank of Canada left its trend-setting interest rate unchanged at 1.75 per cent Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming months. Before long, however, the central bank expects…

News Insurance

Paid Recreational Cannabis Legalization: Are your HR policies ready?

January 9, 2019 by David Smagata, DAS

  Did you know, medical cannabis has been legal in Canada since 1999? Since then there have been numerous amendments to the laws, as well as a significant increase in Canadians who have purchased medical cannabis. According to Health Canada…

News BrokersEmploymentInsurance

Hub acquires Canadian employee benefits firm

January 8, 2019 by Jason Contant

Chicago-based global brokerage Hub International announced Tuesday it has acquired British Columbia-based employee benefits and pension brokerage TRG Group Benefits and Pensions Inc., the 13th such acquisition since last year. “Hub continues its strategy of assembling best-in-class capabilities and entrepreneurial…

News BrokersMergers and Aqcuisitions

BrokerLink expands with two new brokerages

January 8, 2019 by Greg Meckbach

Two brokerages have joined Intact Financial Corp.’s BrokerLink unit effective Jan. 1, BrokerLink announced Monday. The new BrokerLink brokerages are Edmonton-based Challenge Insurance Group Inc. and Toronto Insurance and Financial Group (TIFG) Inc., situated on Valleybrook Drive near the neighbourhood…

News InsuranceMarkets / Coverages

Why Canadian insurers are reticent to enter the cannabis space

January 8, 2019 by Jason Contant

With signs of a hard insurance market in Canada, it appears that a lot of insurers are still reticent about entering the cannabis space. “When an insurance cycle goes a little bit harder, when insurers are trying to put their…

News ClaimsInsuranceLegal

Lloyd’s disputes claim over diamond-studded statue

January 8, 2019 by THE CANADIAN PRESS

VANCOUVER – A major insurance company is fighting back after a British Columbia court required it to make good on a policy covering a gold, diamond-encrusted eagle statue allegedly stolen in Metro Vancouver more than two years ago. The B.C.…

News BrokersInsuranceMergers and Aqcuisitions

Jones Brown acquired by large international brokerage

January 8, 2019 by Greg Meckbach

Canadian brokerage Jones Brown Inc. has been acquired by Arthur J. Gallagher & Co., Itasca, Ill.-based Gallagher announced Tuesday. Jones Brown, which places both commercial and personal property and casualty insurance, has offices in Vancouver, Calgary, Toronto and Hamilton. “The…