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Why the brewing battle over vehicle data ownership matters to insurers

August 28, 2019 by Adam Malik

Collision claims are approaching “a new era” of data collection, intensifying the debate between the insurance industry and vehicle manufacturers over who owns the data. Thanks to the advent of connected vehicles, data generated in these cars provide valuable information…

News ClaimsInsurance

New ransomware strain results in surge of claims

August 28, 2019 by Jason Contant

A new strain of ransomware caught the attention of one cyber insurer after it experienced a surge in claims over the past few months. The Sodinokibi strain first came to the attention of specialist insurer CFC in April. Cyber criminals…

News BrokersClaimsInsurance

What’s the most dangerous form of driving? What telematics tells us…

August 27, 2019 by Adam Malik

When it comes to the most dangerous form of aggressive driving, speed stands above the rest as most likely to cause a crash. Research from the University of Waterloo has found that speeding is more likely than hard braking, hard…

News BrokersMergers and Aqcuisitions

The latest brokerage acquired by The Co-operators

August 27, 2019 by Greg Meckbach

Quebec insurance brokerage Cadieux Beausejour Dupras Inc. has been bought by The Co-operators Group Ltd. Guelph, Ont.-based The Co-operators, Canada’s fifth-largest property and casualty insurer, announced the Cadieux Beausejour Dupras acquisition Tuesday. As a result, Cadieux Beausejour Dupras will become…

News BrokersInsurance

How expediting a client’s paperwork netted this broker a $1,000 fine

August 27, 2019 by David Gambrill

A brokerage manager with 28 years of experience as a broker was fined $1,000 in August for forging clients’ signatures on insurance documents to be sent to B.C.’s public auto insurer. Christine Helene Craig’s actions did not harm any clients,…

News BrokersInsuranceTechnology

Why this award-winning brokerage doesn’t use an online quoting platform

August 27, 2019 by Jason Contant

In today’s day and age, a brokerage definitely needs an online quoting platform to stay ahead of the pack, right? Not according to Whitby, Ont.-based Mitchell & Whale Insurance Brokers. The brokerage ran an online auto insurance quoting engine for…

News CatastrophesClaims

Tropical storm to hit Atlantic Canada by Thursday

August 27, 2019 by THE CANADIAN PRESS

HALIFAX – Environment Canada is warning residents of the Maritimes to brace for a tropical storm later this week. Tropical storm Erin is expected to form later today off the Carolinas and then track northeastward toward Nova Scotia, where heavy…

News Insurance

Ground imaging shows large sinkhole chain near Nova Scotia town

August 26, 2019 by Keith Doucette - THE CANADIAN PRESS

HALIFAX – Preliminary results of an imaging survey near a Nova Scotia town where a sinkhole swallowed part of a park last summer show an extensive belt of hundreds of additional sinkholes stretching for kilometres. Amy Tizzard, a geologist with…

News Insurance

Thoughts on industry consolidation from a retiring CEO

August 26, 2019 by Greg Meckbach

Consolidation in the insurance industry is reducing consumer choice and putting more pressure on employees, Steve Smith, president and CEO of Cambridge, Ont.-based Farm Mutual Reinsurance Plan Inc., said during his second last week on the job. “To me it’s…

News InsuranceLegal

Why this American auto insurer lost its priority dispute in Canada

August 26, 2019 by David Gambrill

Yes, an American auto insurer can be the priority insurer for an accident that happens in Canada. An Ontario judge found last Thursday that the priority dispute provisions in the province’s Insurance Act do indeed apply to U.S.-based insurers, thus…

News BrokersClaimsInsurance

You know why the market is hardening – but do your clients?

August 26, 2019 by Adam Malik

Thanks to premium increases, a byproduct of a hardening insurance cycle, insurance professionals are facing an uphill battle in the eye of public opinion. That’s why Justin Thouin, co-founder and CEO at LowestRates.ca, wants to change how the general public…

News BrokersInsuranceMergers and Aqcuisitions

Brokerage acquires credit union’s insurance subsidiary

August 26, 2019 by Jason Contant

Westland Insurance Group has announced a major acquisition, fresh off changes to its executive leadership that saw a new president and chief operating officer take the helm of the brokerage. Westland is set to acquire First West Insurance Services, a…