News
How brokers are responding to Mideast crisis
January 14, 2020 by Greg MeckbachAs tension continues to rise in the Middle East, brokers might want to start asking clients questions about travel plans – if they aren’t already. “After recent events in Iran and Iraq, Burns & Wilcox has been getting questions from…
Winter storm causes more than 100 power outages in Quebec
January 14, 2020 by The Canadian PressMONTREAL – Some 125,000 Hydro-Quebec customers are without power after freezing rain and strong winds sent tree branches crashing onto power lines and caused havoc on the roads. The largest number of affected customers are in the Monteregie region southeast…
Paid Climate Change: It’s Risky Business
January 14, 2020 by TrisuraAs we all know, climate change is one of the most prominent topics in the news – so much so that it is being touted as a major deciding factor for Canadian politicians in the upcoming federal election. But, what…
As province’s out-of-country health coverage ends, so begins an opportunity for brokers
January 13, 2020 by David GambrillWith the wind-down of Ontario’s limited Out-of-Country Travellers Program now official, brokers in the province who sell travel insurance have a golden opportunity to make sure their snowbird and other travelling clients are properly covered for trips. “It is certainly…
Why you should be prepared to accept PayPal
January 13, 2020 by Greg MeckbachAs society becomes more accustomed to paying its bills using modern electronic methods, how should brokers respond? “For the new consumer, they are so used to paying in many many different ways. We should be allowing customers to engage on…
Could auto liability cover negligent parenting lawsuit?
January 13, 2020 by Greg MeckbachIf you allow your child to ride in a vehicle allegedly driven by an impaired driver, and your child sues you for negligent parenting, does the vehicle liability policy cover you? Not as it stands. But the question could be…
How much did auto insurance rates go up in Alberta last quarter?
January 13, 2020 by Jason ContantAlberta’s Automobile Insurance Rate Board (AIRB) has approved rate increases for more than 20 insurers in Q4 2019, ranging from less than 1% to nearly 30% for basic coverage for private passenger vehicles. The rate hike was about 10% on…
Southwestern Quebec sees slight shaking from earthquake
January 13, 2020 by The Canadian PressOTTAWA – Southwestern Quebec got a slight shaking from a minor earthquake early this morning. Earthquake Canada says the 3.4 magnitude tremor was detected at 5:38 a.m. in the Salaberry-de-Valleyfield region and could be felt in the Montreal area –…
Why Sonnet asked for a 50% auto rate increase in Nova Scotia in 2020
January 10, 2020 by Greg MeckbachOnline direct writer Sonnet has been under-charging auto clients in Nova Scotia who have fewer than 20 years’ experience or less, but that is about to change. As a result of rate changes approved Thursday, the premium increase will be…
Durepos departs Keal Technology
January 10, 2020 by Greg MeckbachPat Durepos and his daughter Renee Durepos are leaving Keal Technology, the broker management system vendor announced Friday. Dimitrios Argitis has joined Keal Technology as vice president and general manager “to lead Keal’s next phase of growth and roll out…
NFP Canadian executive reveals future M&A strategy
January 10, 2020 by Jason ContantNFP Corp. has concentrated almost exclusively in Ontario since it first entered into the Canadian property and casualty insurance space about two years ago, but expect that to change in the future. NFP is looking to have “a bigger presence…
Why new RIMS president plans to ‘hit hard’ on certification
January 10, 2020 by Adam MalikMore risk managers need to find themselves at the highest levels of their companies. But positions in the C-suite aren’t going to just be given away, which is why certification is going to be a major focus for the new…