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Elsa’s forecasted impact on the Maritimes

July 7, 2021 by David Gambrill

Tropical Storm Elsa is tracking to hit the Maritimes this weekend as a post-tropical storm, potentially dumping up to 50 mm of rain in areas of New Brunswick, Nova Scotia and Prince Edward Island. Currently hitting the Gulf Coast of…

News Insurance

Insurers come out of COVID looking at AI-based claims tech

July 7, 2021 by Adam Malik

Now that the global pandemic has expedited the use of artificial intelligence in auto insurance claims processing, carriers are left with a simple choice, according to one industry AI expert — invest or be left behind. The promise of processing…

News ClaimsClaims CanadaRestorationRisk

Why your clients’ basements will probably leak eventually

July 7, 2021 by Greg Meckbach

Homeowner clients are battling the elements just by living below the ground floor, and so they will need to act quickly if they notice water pooling in their basement, a building supply vendor suggests. “Creating a comfortable living space in…

News Insurance

‘I quit’: Wave of resignations prompts concerns over labour shortage

July 7, 2021 by Amanda Stephenson, The Canadian Press

CALGARY — If not for COVID-19, Valerie Whitt might never have summoned the courage to quit her job. The 50-year-old Markham, Ont. woman had been a project manager for Ontario Health for 13 years. She felt drained and exhausted from…

News Insurance

Paid Advising your clients about biometric data exposures

July 7, 2021 by QBE Canada

Evolving privacy legislation, increasing cyberattacks and new technologies are changing the way the insurance industry is looking at biometric data. Are your customers’ risk mitigation strategies keeping up?   These days, collecting biometric information from staff or customers could be…

News Insurance

Why the industry can expect product recall rates to climb

July 6, 2021 by David Gambrill

While recall trends generally fluctuate by industry, Crawford & Company (Canada) expects an overall upward incline of product recalls in Canada and the United States to continue in the future. Increased automation, the complexity of global supply chains, inconsistent regulations…

News InsuranceLegislation / RegulationTechnology

Insurer ups distracted driving from minor to major conviction

July 6, 2021 by Greg Meckbach

Nova Scotia motorists could be out of luck when they try to renew their auto insurance if they got caught more than once using a hand-held gizmo when they should be paying attention to the road. In a ruling posted…

News Insurance

How this brokerage pivoted to forge community ties online

July 6, 2021 by Adam Malik

When a global pandemic shut down in-person events, one brokerage created a new communications strategy to reach people where much of the world shifted — online. For Antigonish, N.S.-based brokerage AA Munro Insurance, it was important to tell their clients,…

News ClaimsClaims CanadaEngineeringInsuranceRestorationRisk

5 reasons why fire sprinklers fail, and what your clients can do about it

July 6, 2021 by Greg Meckbach

Building renovations are among five common reasons for fire sprinkler failure, according to Diana Rodriguez-Zaba, a partner for ServiceMaster Restoration by Zaba, in a recent article on TheBigRedGuide.com. Typical renovation incidents that can cause failure include collisions with construction equipment,…

News Insurance

Lightning sparks new fires as thunderstorms add to danger in B.C.’s Interior

July 6, 2021 by The Canadian Press

LYTTON, B.C. — The BC Wildfire Service says 212 wildfires are burning in British Columbia as lightning storms swept over several areas of the province. The wildfire service website shows more than three dozen small fires have been sparked across…

News BrokersInsuranceMergers and Aqcuisitions

Aon-Willis deal under review by Competition Bureau

July 5, 2021 by Greg Meckbach

Canada’s competition regulator is reviewing the proposed merger of global brokerages Aon plc and Willis Towers Watson plc, but the federal government is not saying whether it has actually received any complaints. The US$30-billion deal, originally announced in March 2020,…

News BrokersMarkets / CoveragesMergers and Aqcuisitions

How the world’s brokers rank by revenue

July 5, 2021 by Greg Meckbach

Marsh was still the world’s biggest brokerage in 2020, even after more than 700 merger deals got done last year, A.M. Best Company Inc. reports in Top Global Insurance Brokers – 2021 Edition, released July 1. Quoting from Optis, A.M.…