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Desjardins exec explores intricacies of State Farm acquisition

May 10, 2019 by Adam Malik

A merger between two direct carriers may seem simple enough, but stumbling blocks can quickly appear once you peel back the layers. It’s a lesson Desjardins learned during its acquisition of State Farm. Things you don’t think about come to…

News Earnings / RatingsInsurance

How Fairfax’s Allied World acquisition is working out

May 10, 2019 by Greg Meckbach

Old medical malpractice claims with Allied World Assurance Company are still affecting the bottom line of Canada’s Fairfax Financial Holdings Ltd., which bought the majority of Allied World nearly two years ago. With a combined ratio of 102.3%, Zug, Switzerland-based…

News BrokersInsuranceTechnology

Are you prepared for insurance quotes through Google Home and Amazon Echo?

May 10, 2019 by David Gambrill

“Google Home, Amazon Echo, buy me auto insurance for my new, black 2019 Hyundai Sontata.” If you are a broker, would you be able to handle this voice request for an auto insurance quote? If not, you’d better start strategizing…

News CatastrophesClaimsInsurance

How much will the eastern Canada flooding cost?

May 10, 2019 by Jason Contant

Total economic losses from the recent flooding in Ontario, Quebec and New Brunswick are expected minimally to reach into the hundreds of millions of dollars (U.S.), Aon’s latest catastrophe report said. The flooding event has already been declared a catastrophe…

News AdjustersCatastrophes

Waters to rise again in Ottawa area, even as N.B. turns to flood recovery mode

May 10, 2019 by THE CANADIAN PRESS

Water levels are expected to rise again this weekend between Ottawa and Montreal, even as New Brunswick’s floods are effectively over. Officials warned late Thursday that “significant” rainfall is expected to raise water levels in the Ottawa/Gatineau area down to…

News Restoration

What’s closed in Victoria after commercial fire

May 9, 2019 by THE CANADIAN PRESS

VICTORIA, B.C. – Days after flames tore through a vacant hotel in Victoria, one man is still missing and smoke lingers, forcing the closure of city hall and several other businesses. The fire in the former Victoria Plaza Hotel has…

News InsuranceTechnology

Will a robot take your insurance job? Probably.

May 9, 2019 by Jason Contant

Bored of the same-old, same-old? Why not sharpen your pencil and take that dream job as an actuary? According to the Will Robots Take My Job? website, there is only a 21% chance that actuaries will be replaced by artificial…

News InsuranceMarkets / Coverages

How should employers treat recreational marijuana use?

May 9, 2019 by Jason Contant

Employers should treat marijuana use in the workplace as they would alcohol use, a senior claims professional told Canadian Underwriter Monday. “All of the liability still exists,” said Heather Matthews, senior vice president of Crawford & Company (Canada)’s National Claims…

News BrokersInsurance

Why brokers must have a CRM in the digital age

May 9, 2019 by David Gambrill

Customers in the digital age expect to hear back from brokers immediately, so if brokers don’t start investing in Customer Relationship Management (CRM) systems soon, well — good luck, says Dave Vass, vice president of innovation at Trufla Technology. Vass…

News InsuranceLegal

New judge represented Insurance Bureau at Supreme Court of Canada

May 9, 2019 by Greg Meckbach

A lawyer who represented the Insurance Bureau of Canada at the Supreme Court of Canada in impaired driving cases as been appointed to the bench. Stikeman Elliott LLP partner Nicholas McHaffie was named a Federal Court of Canada judge and…

News BrokersInsuranceLegislation / RegulationTechnology

ICBC plants seed for online auto renewals

May 8, 2019 by Adam Malik

A day many British Columbia policyholders have been calling for finally appears to be on the horizon. But it may force some brokers to change how they do business. While hosting an AMA (ask me anything) session on popular social…

News InsuranceLegislation / Regulation

Intact ready to work with new Alberta government, likes Ontario budget

May 8, 2019 by Adam Malik

All signs point to positive for Intact when it comes to working with Alberta’s new government. Jason Kenney led the United Conservative Party to victory in April, returning a Conservative government to power after four years of rule by the…