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P&C execs to discuss how COVID-19 has improved the P&C industry’s digital health

July 14, 2020 by David Gambrill

When it comes to the Canadian P&C industry offering digital solutions to its customers during the COVID-19 pandemic, it seemed that the virtual landscape was a Brave New World just four months ago. Digital mailboxes, videoconferencing, electronic pink slips and

News BrokersInsuranceLegislation / Regulation

Broker fined $2K for obtaining premium relief for a client while unlicenced

July 10, 2020 by David Gambrill

A Manitoba broker was recently fined $2,000 after obtaining premium relief for a client within hours of being told by the regulator that he was unlicensed to act as a broker. On Dec. 19, 2018, Darcy Dion Boguski completed the

News Insurance

Why hackers are zeroing in on your manufacturing clients

July 10, 2020 by Adam Malik

Online hackers are targeting manufacturers because they’re between a rock and a hard place: Pay up or see operations grind to a halt. All sectors are susceptible to data breaches, ransomware attacks and phishing, but criminals are narrowing their focus

News Insurance

Flash storm hits same areas of Toronto as in 2013 Cat event. Was the damage the same?

July 9, 2020 by Adam Malik

Toronto is drying out from another sudden thunderstorm, but claims professionals may have dodged an even bigger workload thanks to the storm quickly moving out. “We’ve seen worse,” Glenn McGillivray, managing director at the Institute for Catastrophic Loss Reduction (ICLR),

News Insurance

Why Swiss Re expects a bounceback of P&C premiums in 2021

July 9, 2020 by David Gambrill

Facing a global recession thought to be the deepest since the Great Depression of the 1930s, the global P&C insurance industry can expect premiums to contract by 0.1% in 2020, before rebounding alongside the economy in 2021, a new Swiss

News Insurance

Opinion: How to convince your clients to buy trade credit insurance

July 9, 2020 Nick Novinger, Regional Manager (Quebec), Canadian Insurance Brokers Inc.

The key to selling trade credit insurance in this challenging economic environment is to show commercial clients their potential return on investment. Trade credit insurance is an overlooked but essential coverage. It is perhaps more important now than it ever

News ClaimsInsuranceLegalLegislation / Regulation

Auto insurers, province dispute whether B.C.’s Bill 11 limits competition

July 9, 2020 by David Gambrill

The Insurance Bureau of Canada (IBC) has published an open letter to British Columbia Premier John Horgan, outlining concerns that the province’s Bill 11 may “stifle the limited competition that currently exists in BC’s optional auto insurance market,” a claim

News BrokersInsuranceRisk

Commercial clients want your advice on how to re-open safely. What do you tell them?

July 8, 2020 by David Gambrill

As provincial governments across Canada begin to fire up their local economies in staged phases, Canadian businesses are asking their brokerages for advice on how to re-open safely. Aon Canada is already engaged in these sorts of their discussions with

News Insurance

P&C leaders fire back against no-fault portrayal

July 7, 2020 by Adam Malik

Broker and insurer leaders in Alberta are speaking out against those who would paint the insurance industry as nefarious actors looking to line their pockets at the expense of auto policyholders. In particular, they dispute what they feel are negative

News Insurance

Navacord expands east into three more provinces

July 7, 2020 by Greg Meckbach

With four new partnerships announced July 6, commercial brokerage Navacord now has offices in Prince Edward Island, Nova Scotia and New Brunswick. “We are now coast to coast,” Navacord executive chairman T. Marshall Sadd said Monday in an interview. Cooke

News Insurance

Why remote workers should stay where they are

July 6, 2020 by Adam Malik

Staff members who are working from home should stay there for the foreseeable future, one risk leader recommends. Scott Fotus, vice president of risk services at Hub, stated his recommendation during a webinar hosted by Hub, Workplace Safety: Employer Obligations

News Insurance

Brokers who did these things fared better in the pandemic

July 3, 2020 by Adam Malik

Brokers who were nimble, ready to change with the times, and acted pro-actively when COVID-19 first emerged as a threat are the ones faring the best three months later, one broker leader says. Those who didn’t are struggling. “Those brokers