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Beware of this water-related risk excluded by CGL

July 9, 2018 by Greg Meckbach

If water damage is top of mind for property insurers, does this mean mold is covered by a commercial general liability policy? Not necessarily. Commercial brokers should make sure they aware of exclusions in CGL policies that would prevent their

News BrokersInsuranceMarkets / Coverages

Looking to grow your E&O? Consider emerging classes of consultants

July 9, 2018 by David Gambrill

An emerging class of professional consultants is a new area of opportunity for brokers seeking to place errors and omissions (E&O) insurance. “We as a society have changed to become more service-oriented,” says Marilyn vanGansewinkel, vice president of specialty insurance

News InsuranceMarkets / CoveragesMGAs

Shop Canadian when selling marine, brokers advised

July 4, 2018 by Jason Contant

Brokers interested in selling marine insurance should target coverholders and managing general agents (MGAs) in Canada rather than going straight to the London market, a senior marine surveyor told Canadian Underwriter recently. “There are a lot of MGAs and coverholders

News BrokersInsuranceLegal

What happened to the broker caught cheating on her CAIB 3 exam

July 4, 2018 by David Gambrill

A B.C. broker caught cheating on her CAIB 3 broker licensing exam has had her general and life insurance licenses suspended for a year. The Insurance Council of B.C. noted the broker was not deceptive when confronted about her behaviour.

News BrokersInsurance

In search of cannabis product liability coverage

June 28, 2018 by Greg Meckbach

Brokers looking to place product liability policies for cannabis vendors might face an uphill battle. The cannabis industry “desperately” needs access to the same coverage that insurers already provide to non-cannabis businesses in agriculture pharmaceutical or manufacturing, said Wendy Sinclair,

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

BFL Canada receives capital injection from Quebec pension fund manager

June 28, 2018 by David Gambrill

La Caisse de dépôt et placement du Québec (CDPQ), a Quebec pension fund manager, has acquired a 20 per cent minority interest in BFL Canada, one of the largest commercial insurance brokers in Canada. The investment will help BFL Canada,

News BrokersInsuranceMarkets / Coverages

Why brokers need to stay in front of students who move away from home

June 28, 2018 by David Gambrill

Students who leave home for school represent a big opportunity for brokers to provide value-added advice on a variety of insurance coverage changes, but the key is for brokers is to get in front of the students before they make

News BrokersInsuranceMergers and Aqcuisitions

Western Financial CEO reveals the strategy behind Axion deal

June 26, 2018 by Jason Contant

When Western Financial Group acquired its first non-western Canadian brokerage last week, location obviously played a factor in its acquisition strategy. The more rural, the better, the brokerage told Canadian Underwriter Tuesday. The High River, Alta.-headquartered Western completed its acquisition

insPRESS AnnouncementsBrokersInsurance

Duliban Insurance Brokers Announces The Launch Of New Jewelry Insurance Program

June 26, 2018 Duliban Insurance Brokers

FONTHILL, ON, June 26, 2018 /insPRESS/ – Duliban Insurance Brokers Ltd. (Duliban Insurance Brokers) announced today the launch of a new Jewelry Insurance program written under the brand name Jewelry Protect and  Jewelry Protect is designed to offer a comprehensive

News BrokersInsuranceMarkets / Coverages

How Canada’s tourist boom creates a big opportunity for brokers

June 25, 2018 by David Gambrill

Insurance brokers seeking to grow their travel line of business should ask their clients if they are expecting friends or family to visit Canada in the future and, if so, whether they would be interested in purchasing “visitors to Canada”

News BrokersInsurance

Why does the P&C industry still issue paper cheques?

June 21, 2018 by David Gambrill

Why are brokerages and carriers still heavily reliant on sending out paper cheques, even when most of their clients likely don’t even own cheque books anymore? It all boils down to data. As inefficient and costly as they may be

News BrokersInsuranceTechnology

“Hey Broker, I need a quote.” Voice technology for brokerages arrives.

June 21, 2018 by Jason Contant

Alexa, ask Excalibur Insurance for a car insurance quote. That possibility is just around the corner, as Wawanesa Mutual Insurance Company announced Thursday that it had opened an Innovation Outpost lab in Kitchener, Ont. that will connect customers with brokers