Canadian Underwriter

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Brokers


News Earnings / RatingsInsurance

Insurer losses not yet translating into property price hikes: broker

March 24, 2018 by Greg Meckbach

Brokers expecting to see price hikes in property lines after last year’s devastating hurricanes may have good news for clients, at least in the short term. “Long term, all of the carriers will need to increase pricing and they would

Feature AppointmentsTechnology

The Rebel who Embraced Insurance

March 23, 2018 Greg Meckbach, Associate Editor

Adam Hare, chief operating officer of the digital division of a family brokerage, never planned to make a career of insurance. Now he has a passion for making P&C insurance “sexy” for customers. It may seem counterintuitive, but despite having

News InsuranceMarkets / CoveragesTechnology

How Canada’s data breach reporting law can help brokers sell cyber based on facts, not fear

March 22, 2018 by David Gambrill

Canada’s forthcoming implementation of mandatory data breach reporting may create an opportunity for the country’s commercial brokers to have conversations with their clients about cyber insurance risk based on concrete data instead of fear, a Marsh Canada broker says. Improved

News InsuranceMarkets / Coverages

Clothing advice that brokers should give tenants buying insurance

March 21, 2018 by Greg Meckbach

Tenant’s insurance is not only unprofitable for many brokers, but it’s also hard to sell because consumers underestimate the cost to replace contents, a Toronto broker says. Greg Robertson, president of R. Robertson Insurance Brokers Ltd., advises tenants to consider

insPRESS AnnouncementsAssociationsInsuranceTechnology

IBAM Endorses CSIO’s My Proof of Insurance eDelivery Solution

March 15, 2018 by CSIO (Centre for Study of Insurance Operations)

TORONTO, March 15, 2018 /insPRESS/ – CSIO is pleased to announce that the Insurance Brokers Association of Manitoba (IBAM) has endorsed its My Proof of Insurance eDelivery solution to send consumers their policy documents for personal and commercial lines electronically. The solution

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Two factors prompting HUB’s latest Canadian acquisition

March 12, 2018 by Jason Contant

Location and farming expertise played into HUB International Limited’s acquisition of a Manitoba brokerage recently. The global insurance brokerage announced Wednesday it has acquired the shares of Desilets Insurance Brokers Ltd. Desilets Insurance will become part of Hub Manitoba. “This

Feature Technology

Tipping point

March 7, 2018 Rick Orr Owner, Account Executive Orr Insurance Brokers Inc.

APIs liberate the broker channel from the inefficiencies caused by individual market solutions for data exchange.

News InsuranceLegislation / Regulation

No push from brokers to end B.C. government monopoly on auto insurance

March 7, 2018 Greg Meckbach, Associate Editor

Despite the fact that British Columbia’s government monopoly auto insurer lost almost $1 billion in the first nine months of last year alone, brokers in the province are not seeing a push from motorists to open the market to competition.

News InsuranceLegislation / Regulation

Federal budget narrows scope of taxes on passive and split income

March 2, 2018 Greg Meckbach, Associate Editor

Brokers who are concerned about income tax changes will find “good news” in the recently-released federal budget, a tax expert said Wednesday. Finance Minister Bill Morneau announced this past July several proposals intended to crack down on company owners who

News InsuranceLegislation / Regulation

Broker fined $1,000 for “improper” home visit to elderly, unwell client

February 27, 2018 by David Gambrill

B.C.’s broker regulator showed little compassion for a broker who flouted a license restriction by making an out-of-office visit to a sick elderly client to renew her auto insurance. The Insurance Council of B.C. fined Safir Mohamed Lalji $1,000 for

insPRESS AnnouncementsTechnology

One Thousand Users Benefiting from ClearPay Transactions

February 27, 2018 ClearPay

Toronto, Feb. 27, 2018 /insPRESS/ – ClearPay, the Canadian leader in automating payment settlements and reconciliation for the Insurance Industry, announced today that there are now over one thousand users using ClearPay. “It has been rewarding to see the increasing

News InsuranceMarkets / CoveragesTechnology

A broker’s walkthrough of cyber insurance with a client

February 25, 2018 by Jason Contant

The majority of clients that Marsh Canada meets with – anecdotally 70-80% – still don’t understand what a cyber insurance policy does, Jeremiah Tonn, vice president of the brokerage’s cyber practice, said on Friday. Speaking at NetDiligence’s Cyber Risk Summit