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News InsuranceMarkets / CoveragesMGAs

One theory why Lloyd’s underwrites so much Canadian business

May 6, 2018 by David Gambrill

Insurance professionals fresh to Canada’s property and casualty insurance market from Europe may notice how much of Canada’s commercial business is underwritten by Lloyd’s of London. “Lloyd’s (as a market) is again the largest commercial writer in Canada [in 2017],…

News BrokersMarkets / CoveragesMergers and Aqcuisitions

Why this broker sold into the independent broker channel

May 6, 2018 by Jason Contant

When Ron Bagnell was looking to retire, handing over his brokerage to the family was not an option, so he sold into the independent broker channel. “My children had no interest in taking over the business, so I knew that…

News InsuranceTechnology

How IT developers will change the way you do business

May 6, 2018 by Jason Contant

A daring group of developers came up with a new approach to technology development 17 years ago, dubbed ‘agile.’ The process grew popular in the startup world; it was soon embraced by mainstream leaders around the globe, including by those…

News InsuranceLegal

Court’s response to common impaired driving defence

May 6, 2018 by Greg Meckbach

The driver of a vehicle involved in a major accident near Hamilton has not succeeded in using the “bolus” drinking defence to have her impaired driving conviction overturned. Bolus drinking is when a driver claims to have driven several drinks…

News Insurance

Plan to make recreational pot legal to proceed as planned

May 6, 2018 by Teresa Wright - THE CANADIAN PRESS

OTTAWA – Prime Minister Justin Trudeau isn’t backing down from his government’s much-maligned timeline for legalizing marijuana, despite a growing chorus of calls from senators, Indigenous leaders and others to delay the plan for up to a year. Trudeau says…

News BrokersInsuranceMarkets / CoveragesTechnology

Strength of Canadian broker channel may lead to agnostic tech solutions

May 3, 2018 by Jason Contant

With an estimated 45% of personal insurance written through the broker channel in Canada, tech vendors understand the importance of the channel. “Our only business is broker,” Jeff Purdy, senior vice president of international operations with Applied Systems, told reporters…

News ClaimsInsuranceLegal

How traumatized witnesses of van attack could make a case for accident benefits

May 3, 2018 by Greg Meckbach

Auto insurers whose customers were witnesses to the April 23 van attack in north Toronto could be paying accident benefits claims if those witnesses have medical evidence that they suffered psychological injury, an insurance law expert suggests. Eight women and…

News ConstructionInsurance

Bigger may not always be better to insure

May 3, 2018 by David Gambrill

Supertall structures, buildings more than 300 metres high or 90 storeys tall, are in vogue right now, raising interesting insurance challenges, according to a recent industry trends report released by the Insurance Institute of Canada. “Increasingly complex high-rise building projects…

News BrokersInsuranceMergers and Aqcuisitions

Hub acquires Alberta brokerage specializing in commercial lines

May 3, 2018 by Greg Meckbach

Carlton Insurance Brokers Inc. of Jasper, Alta., a full service brokerage that specializes in commercial auto and oil and gas, has been acquired by Hub International Limited. Carlton places insurance for a variety of clients including trucking companies and the…

News BrokersInsuranceMergers and Aqcuisitions

Archway snaps up Bay Insurance & Financial in local merger deal

May 3, 2018 by Jason Contant

Bay Insurance & Financial, a smaller brokerage in Tantallon, Nova Scotia, has merged with one of Atlantic Canada’s largest brokerages, Archway Insurance. Bay Insurance’s existing location on Peggy’s Cove Road in the heart of the St. Margaret’s Bay Area will…

News CatastrophesClaimsInsurance

Officials warning B.C. flooding this year may be worse due to 2017 wildfires

May 3, 2018 by The Canadian Press

WILLIAMS LAKE, B.C. – Emergency officials in British Columbia’s southern Interior warn that devastating wildfires that charred thousands of square kilometres of timber and bush last year now have the potential to make seasonal flooding even more severe. The warning…

News Professional DevelopmentTechnology

Award-winning CIO shares three-pronged approach to business transformation

May 2, 2018 by Jason Contant

The Co-operators is taking a holistic approach to leadership and business transformation, using strategies such as design thinking and minimum viable product (MVP) concepts, common language around innovation, and technology. Carol Poulsen, executive vice president and chief information officer at…