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One important attribute required for the sale of cyber insurance

December 4, 2017 Greg Meckbach, Associate Editor

Advising clients on cyber policies “takes a level of sophistication on the broker’s side,” New Brunswick insurance defence lawyer Ryan Burgoyne told Canadian Underwriter Friday. “If you are putting yourself out to have specialized expertise in cyber liability insurance as

News InsuranceLegislation / RegulationMarkets / CoveragesProducts

New federal law may make cyber a must-have

December 4, 2017 Greg Meckbach, Associate Editor

This may be a prime time for brokers to start selling cyber insurance to commercial clients. There is still no word on when Canada will have nation-wide mandatory breach notification, but a legal cyber specialist says companies should start to

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Acquisition expands brokerage’s footprint in Ontario

December 4, 2017 Jason Contant, Online Editor

McDougall Insurance & Financial is expanding its horizons, with its sights set on areas outside of its typical eastern Ontario operating range. The Belleville, Ont.-based brokerage announced on Friday that it had merged with Mink Insurance Services in Midland, Ont.,

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional Development

Working from home? Careful with your client information

December 1, 2017 David Gambrill, Editor-in-Chief

Brokers need to be mindful of how they protect their clients’ information in the digital age, particularly when they transfer information to and from their office to work remotely from home. “We recognize that the digital era is upon us,

News InsuranceMarkets / CoveragesProfessional Development

Broker regulator working on ‘logistics’ of public hearings

November 30, 2017 Greg Meckbach, Associate Editor

Registered Insurance Brokers of Ontario officials are “giving some thought” to how they will make disciplinary committee hearings public, RIBO’s chief executive officer said Thursday. “Just because the hearings are required to be held in camera doesn’t mean that we

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional Development

Proposed law would make broker discipline hearings public

November 29, 2017 Greg Meckbach, Associate Editor

A rule requiring disciplinary hearings of Ontario brokers be open to the public is currently included in the province’s budget implementation bill, which has yet to be passed. The Insurance Brokers Association of Ontario (IBAO) told Canadian Underwriter Wednesday it

News AssociationsInsuranceMarkets / Coverages

Provincial brokers urge “deep” review of government insurer

November 29, 2017 Greg Meckbach, Associate Editor

Insurance Brokers Association of B.C. (IBABC) and a provincial cabinet minister are calling for major changes to British Columbia’s money-losing government monopoly auto insurer. But it’s been four months since the release of a consultant’s report containing specific options and

News InsuranceLegalMarkets / CoveragesProfessional Development

Broker fined, brokerage chastised for GRC coverage mix-up

November 29, 2017 by Canadian Underwriter

A Manitoba broker received a $1,000 fine and was ordered to pay partial investigation costs of $800 for his role in a coverage mix-up that substituted actual cash valuation instead of guaranteed replacement (GRC) costs for a “seasonal dwelling” encompassing

News InsuranceLegalLegislation / RegulationMarkets / CoveragesTechnology

Are your clients covered for social engineering fraud?

November 27, 2017 Greg Meckbach, Associate Editor

Brokers should not assume that a client who has bought a cyber or crime policy is covered for the risk of innocent employees who are duped into making fraudulent money transfers. ‘Social engineering fraud’ is a broad term describing scams

News AnnouncementsAppointmentsInsuranceMarkets / CoveragesProfessional Development

P&C People: Who’s doing what

November 25, 2017 David Gambrill, Editor-in-Chief

Quebec regulator names inaugural fintech director The Autorité des marchés financiers (AMF), the regulatory and oversight body for Québec’s financial sector, has appointed Moad Fahmi to the new position of director of fintech and innovation. “This new function will foster the collaboration that

News InsuranceLegislation / RegulationMarkets / CoveragesProfessional Development

What’s the hourly wage of an insurance professional?

November 25, 2017 David Gambrill, Editor-in-Chief

Ontario’s recent minimum wage hike up to $15 per hour ruffled a few feathers within the business community, but the new legislation didn’t raise much of a fuss within the property and casualty (P&C) insurance sector. “On this particular issue,

News InsuranceMarkets / CoveragesTechnology

Adjusters wonder how to verify ridesharing driver hours

November 24, 2017 Jason Contant, Online Editor

Verifying the number of hours a driver uses ridesharing services such as Uber and Lyft could be problematic for underwriters and adjusters, one adjuster told Canadian Underwriter on Wednesday. “In the course of their investigation, an adjuster can ask, ‘How