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News InsuranceMarkets / Coverages

2018 Outlook: Jean-Francois Blais, President, Intact Insurance

December 29, 2017 Jean-Francois Blais

*Editor’s Note:  Jean-Francois Blais retires as Intact President effective Jan. 1, 2018. His contribution to our 2018 CEO Outlook pre-dated his retirement announcement. The insurance industry is facing potential disruption. Insurers are tackling several longer-term trends including the sharing economy,

News InsuranceLegislation / Regulation

Broker loses license after coverage gaps

December 29, 2017 by David Gambrill

A Manitoba broker has lost her license for failing to ensure a smooth transition during policy renewals for three separate clients. The General Insurance Council of Manitoba, which regulates the province’s brokers, issued its decision against Danielle Robertson on Dec.

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Why U.S. brokerage made its first Canadian P&C acquisition

December 20, 2017 Jason Contant, Online Editor

Dalton Timmis Insurance Group’s technological capabilities and its “unique abilities” in motorcycle and transportation insurance were among the factors that made it an ideal acquisition target for U.S. brokerage NFP Corp., the president of NFP in Canada said Wednesday. Marty

News InsuranceMarkets / CoveragesProfessional Development

MGAs launch their own made-in-Canada trade forum

December 19, 2017 Jason Contant, Online Editor

A new trade forum for managing general agents (MGAs) has been launched in Canada to help address changes in the market. The Canadian Managing General Agents forum (CAMGA) is an attempt to draw MGAs together and will provide an opportunity

Feature Appointments

TIC Talk

December 14, 2017 Greg Meckbach, Associate Editor

With technology disruption well-established on its radar screen, the Toronto Insurance Conference will soon have a Millennial, Rael Levy, at its helm.

News Legislation / Regulation

How a salary cut could help a brokerage owner

December 14, 2017 Greg Meckbach, Associate Editor

Before breaking for the holidays, broker-owners should consider “holding off” on paying large salaries to themselves, below new federal tax law takes effect, so they can take advantage of existing tax advantage that could end Jan. 1, an Ernst &

News InsuranceTechnology

‘Lots of people don’t like telematics,’ insurer reports

December 14, 2017 Greg Meckbach, Associate Editor

Opportunities for “broker-driven” usage-based auto insurance are likely to be down the road, but brokers are telling a large Canadian mutual that their insurance customers don’t want their insurers monitoring how they use their vehicles. “Our brokers are advising us

News InsuranceLegislation / Regulation

Tax advice to small business: Double down on dividends

December 13, 2017 Greg Meckbach, Associate Editor

Brokers who co-own their businesses with family members should consider paying their children and spouses extra dividends before popping the champagne cork this New Year’s Eve. The federal government plans to expand the tax on split income (TOSI), which currently

insPRESS AnnouncementsInsurance

InsureLine Partners with Don Cherry

December 11, 2017 InsureLine Brokers Inc.

Port Coquitlam, B.C., Dec. 11, 2017 /insPRESS/ – InsureLine is excited to announce a multi-year celebrity endorsement deal with Don Cherry to help educate Canadians on the benefits of using an InsureLine advisor for all their insurance needs. All InsureLine franchise offices across

News InsuranceLegalMarkets / Coverages

Sexual harassment: Are your commercial clients protected?

December 8, 2017 Greg Meckbach, Associate Editor

With a recent spate of sexual misconduct and workplace harassment complaints, commercial brokers need to make sure employment practices liability insurance covers legal defence costs arising from allegations of poor behaviour towards workers. Employees suing for harassment will sometimes name

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

The story behind Quebec merger of two independent brokerages

December 6, 2017 David Gambrill, Editor-in-Chief

Quebec independent brokerage Fort Financial Group Inc. has acquired Montreal based Assurances ABZ, a property and casualty insurance company specializing in group benefits and serving business owners and executives. Fundamentally, the move is an example of an independent broker finding

Heather Gray, Equity Partner, Clyde & Co. Canada LLP
Feature Legal

Standard Yet Complex

December 5, 2017 Heather Gray, Equity Partner; and Laura Sullivan, Articling Student, Clyde & Co. Canada LLP

A Nova Scotia ruling exploring the standard of care and “complexity” of risk may offer some relief for insurance brokers, but that should not inspire complacency. While it appeared that the standard of care for brokers had expanded, brokers must clearly understand that standard of care may increase in line with the complexity of the risk.