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What the regulator’s review of auto insurance health care practitioners uncovered

September 9, 2022 by Alyssa DiSabatino

Ontario’s insurance market conduct regulator took a closer look at how auto insurance health care providers are billing insurers through the province’s electronic billing system, and found that 27 medical health professionals on the billing roster have been sanctioned by

Is Canada going into recession?
News BrokersCatastrophesClaimsCommercial LinesConstructionInsuranceMarkets / CoveragesReinsuranceRisk

Lessons from COVID-19 will help brokers get clients through a recession

September 9, 2022 David Gambrill

If a long-predicted recession comes to pass, brokers will need to stay close to their clients’ changing needs. But in some ways, commercial insurance brokers have gained an advantage from the discipline developed while navigating their clients through COVID-19. Those

Partners working hard for success
News Insurance

Acquisition sees Westland enter new industry vertical, U.S. market

September 8, 2022 by Jason Contant

Westland Insurance has entered a new industry vertical and the U.S. market for the first time with the acquisition of Front Row Insurance Brokers Inc., one of the largest and most respected film and entertainment insurance brokers in North America.

War clouds and recession lightening could mean problems for reinsurers
News BrokersCommercial LinesInsuranceMarkets / CoveragesReinsurance

What war, sanctions, inflation and looming recession mean for reinsurance

September 8, 2022 Philip Porado

Despite inflation, flagging consumer confidence and slowdowns in GDP globally, reinsurers have been experiencing a firming cycle that’s lasted 19 consecutive quarters, noted David Priebe, chairman of global risk and reinsurance specialist Guy Carpenter during a Sept. 7 briefing call.

Advanced modern office building using wind turbines to make it's own power
News BrokersCommercial LinesConstructionInsuranceMarkets / CoveragesRisk

How advanced materials change insurance needs for new building projects

September 7, 2022 Philip Porado

Even before the COVID-19 pandemic, delays plagued commercial and residential construction in Canada. What’s changed since March 2020 is a rise in contributing factors causing these delays, noted Steve Schmelzle, practice leader of construction and contracting at Intact Insurance Specialty

School crossing sign in front of an empty road
News BrokersClaimsInsuranceRisk

Insurer urges lessons for driving in school safety zones

September 7, 2022 by Alyssa DiSabatino

Dangerous driving in school zones is a common occurrence, especially during back-to-school time, according to a survey by the British Columbia Automobile Association (BCAA). Eighty per cent of those surveyed said they’ve witnessed speeding in school zones, while 77% have

Oil pump at oil sands well head
News BrokersCommercial LinesInsuranceMarkets / CoveragesReinsuranceRisk

3 ways brokers can help oil and gas companies maintain coverage

September 6, 2022 Philip Porado

Brokers with clients in the oil and gas industry are closely watching statements by insurers announcing intentions to exit from coverage of Canada’s oil sands. Those insurers, like many other companies globally, are under intense pressure from consumers and governments

Man using port to break into a car's ignition system
News BrokersClaimsInsurance

Brokers: These tips can help clients avoid getting their cars stolen

September 2, 2022 Philip Porado

Car thefts are rising globally, driven by supply chains problems that have squelched car makers’ access to key components, and pushed up prices for both new vehicles and the parts needed to fix cars already on the road. In Europe

Mature people jogging in park
News AdjustersAnnouncementsBrokersInsuranceProfessional Development

Jim Abernethy Challenge: Can P&C industry top $500K for blood cancer research?

September 2, 2022 by David Gambrill

In this year’s second annual Jim Abernethy Challenge, the Leukemia & Lymphoma Society of Canada hopes Canadian P&C insurance professionals can help top last year’s $500,000 contribution to blood cancer research and community support. The Jim Abernethy Challenge is part

Hay bales float in flood waters amidst rows of corn in Nova Scotia's Colchester County.
News BrokersCatastrophesClimate ChangeInsuranceMarkets / CoveragesRisk

Swiss Re report shows trajectory of insured flood losses

September 2, 2022 by Alyssa DiSabatino

Insured flood losses doubled to $80 billion during 2011-20 compared to the previous decade, and global flood losses reached $20 billion alone in 2021, Swiss Re reports.  “Increased wealth, larger populations and urbanization have raised flood risk exposures across the

Bellhop pushing a family's luggage into a hotel lobby.
News BrokersCommercial LinesInsuranceMarkets / CoveragesRisk

If recession hits, which specialty lines will create problems for brokers?

September 1, 2022 David Gambrill

Consumers respond predictably to a flagging economy – they cut back on spending. While Canada posted 3.3% annualized gross domestic product (GDP) growth in 2022 Q2, that number lagged analysts’ 4.4% forecast, and July’s real GDP number inched down 0.1%.

Man holding a block with 'quiet quitting' written on it
News Insurance

Are brokers really ‘quiet-quitting’ if they are doing what they are paid to do?

September 1, 2022 by Jason Contant

HR experts question whether the new workplace trend of ‘quiet quitting’ – only doing as much work as required (no more, no less) in an attempt to restore work-life balance and prevent burnout – is aptly named and reflective of