The B.C. Court of Appeal has dismissed an appeal from a February 2010 B.C. Supreme Court case, Beck v. Johnston, Meier Insurance Agencies Ltd., which establishes the onus on brokers to advise clients of gaps in homeowners’ coverage, particularly when…
Insurance Data Processing Inc. (IDP), a property and casualty management system company in the United States, has released two technology services – a Web site service and a new agent portal – tailored to help small and mid-sized insurance companies…
Western Financial Group has acquired three independent brokerages based in Western Canada – Keenleyside Insurance Services in Terrace, B.C., Berwyn Insurance in Berwyn, Alberta and Bell & Cross Insurance Agency Ltd. in Winnipeg, Manitoba.The Winnipeg and Terrace agencies will be…
Zurich Canada has launched a package policy specifically designed for British Columbia’s transportation marketplace.The British Columbia Transportation (BCT) is an integrated plan that offers:• excess auto liability, heavy equipment physical damage cover, cargo and commercial general liability coverage combined in…
ClearRisk Inc. and the Insurance Brokers Association of Ontario (IBAO) have formed a strategic partnership aimed at bringing formalized risk management planning to IBAO members.Under the terms of the partnership, IBAO members are extended preferred pricing options for ClearRisk’s flagship…
Integrating social network analysis tools and predictive analytics into a broader fraud framework is key to an organization’s ability to detect fraudulent claims.
Today’s interconnected insurer is much better able to access new sources of information and data; collaborate virtually with suppliers and partners; share data cooperatively and allow customers to serve themselves efficiently.
The property and casualty insurance industry is in the early stages of discovering and applying cloud computing services. Many say a maturing market in cloud services could generate large returns in areas such as claims processing, collaboration and customer relationships.
For insurers, straight-through processing is as close as it comes to the ‘Holy Grail’ of a no-touch, fully automated claims-handling process.
Adhering to best practices will help to reduce a broker’s exposure to liability following the introduction of Ontario’s auto reforms.
Direct writers maintain technology favours them in their competition with the broker channel
Streamlined upload functionality is becoming the order of the day, and company portal technology is falling by the wayside.