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How brokers are responding to Mideast crisis

January 14, 2020 by Greg Meckbach

As 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…

News ClaimsInsurance

Winter storm causes more than 100 power outages in Quebec

January 14, 2020 by The Canadian Press

MONTREAL – 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…

News Insurance

Paid Climate Change: It’s Risky Business

January 14, 2020 by Trisura

As 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…

News BrokersInsurance

As province’s out-of-country health coverage ends, so begins an opportunity for brokers

January 13, 2020 by David Gambrill

With 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…

News Commercial LinesInsuranceTechnology

Why you should be prepared to accept PayPal

January 13, 2020 by Greg Meckbach

As 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…

News InsuranceLegal

Could auto liability cover negligent parenting lawsuit?

January 13, 2020 by Greg Meckbach

If 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…

News Earnings / RatingsInsuranceLegislation / RegulationMarkets / Coverages

How much did auto insurance rates go up in Alberta last quarter?

January 13, 2020 by Jason Contant

Alberta’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…

News Risk

Southwestern Quebec sees slight shaking from earthquake

January 13, 2020 by The Canadian Press

OTTAWA – 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 –…

News Insurance

Why Sonnet asked for a 50% auto rate increase in Nova Scotia in 2020

January 10, 2020 by Greg Meckbach

Online 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…

News Insurance

Durepos departs Keal Technology

January 10, 2020 by Greg Meckbach

Pat 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…

News BrokersInsuranceMergers and Aqcuisitions

NFP Canadian executive reveals future M&A strategy

January 10, 2020 by Jason Contant

NFP 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…

News Professional DevelopmentRisk

Why new RIMS president plans to ‘hit hard’ on certification

January 10, 2020 by Adam Malik

More 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…