Segment
Consumers
Trusted advisors take centre stage
July 1, 2020 David Gambrill, Editor in ChiefCanadian Underwriter recently surveyed 653 home and auto insurance customers, as well as 159 commercial insurance policyholders, all of whom buy their insurance through the broker channel. We asked them to tell us what they thought about the service they were receiving from their brokers. Here is what they told us…
What you’ll need to think about when re-opening
June 30, 2020 by Adam MalikWhile maintaining employee safety is critical, there are other areas of your business that require diligent attention before re-opening, explained Hub International’s risk leader. With re-opening taking place across the country after the COVID-19 pandemic forced many to close, a…
Here’s how P&C pros say the recession will impact insurance
June 26, 2020 by Adam MalikThe recession will be long and painful so brokers and insurers need to settle in and do what they do best, property and casualty experts said. And don’t be surprised if some mergers and acquisitions activity push forward as tough…
Receivables and the recession: What does it say about your value as a broker if you don’t ask clients to pay?
June 24, 2020 by Adam MalikYes, times are tough, and brokers’ commercial clients are in a difficult financial situation during an economic recession, but brokers still have to ask their clients to pay their premiums. Brokers need their clients to pay up so that they’re…
How this motorist missed out on his senior’s discount
June 24, 2020 by Greg MeckbachWhen a British Columbia motorist turned 65 in 2017, he did not immediately get the senior rate class discount, so he tried to sue the public auto insurer for a refund. But the province’s Civil Resolution Tribunal ruled in favour…
B.C. proposes ‘first step’ amendments to laws governing condo insurance
June 23, 2020 THE CANADIAN PRESSVICTORIA – The B.C. government says proposed legislation it has introduced takes first steps to address concerns about sky-high costs and availability of insurance for condominiums and other shared properties. Housing Minister Selina Robinson says the legislation proposes to amend…
Which vehicles will cost your clients the least to insure?
June 18, 2020 by Adam MalikCar shopping includes finding out how much insurance costs for one vehicle over the other and clients with a Mazda CX-3 will see the lowest insurance rates, according to a recent report. California-based online insurance quote aggregator site Insure.com annually…
What a politician says he’ll do if insurer rebates don’t measure up
June 17, 2020 by Adam MalikThreats are being lobbed at auto insurers by an Ontario member of parliament who indicated that insurers not offering satisfactory relief measures could be called out and face repercussions. In the latest salvo from Ontario Finance Minister Rod Phillips —…
Manitoba auto insurance rates to drop 10 per cent, pending regulator approval
June 17, 2020 THE CANADIAN PRESSWINNIPEG – Manitoba drivers could soon be paying less for their vehicle insurance. Manitoba Public Insurance has applied for an average 10.5 per cent cut in overall rates, which it says would save the typical passenger vehicle owner about $130…
Hot line: Why residential fire frequency is up
June 16, 2020 by Greg MeckbachThe surge in people working from home has brought an increase in home cooking fires, risk and insurance professionals observe. “You are seeing a spike in residential fires in condos and rental units because people are at home more and…
Why brokers should ask clients about trailers
June 16, 2020 by Greg MeckbachAs pandemic restrictions start to loosen and campgrounds open for the summer, brokers might want to ask home and auto customers if they own trailers. “It’s up to the broker to find out what type of trailer a customer owns,…
Are you sure you are not violating Ontario’s ‘take all comers’ auto rule?
June 15, 2020 by Greg MeckbachIf you fail to renew a client’s Ontario auto policy, even if that client missed a payment, you could attract close scrutiny from the provincial regulator. Ontario law prohibits insurers from declining to issue, terminating, or refusing to renew an…