Segment
Consumers
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…
How insurance company websites just beat out brokers in a U.S. consumer satisfaction study
June 15, 2020 by David GambrillFor the first time in two decades, insurance company websites in the United States have become a more popular place for consumers to buy their auto insurance than through the broker channel, a U.S. auto insurance consumer satisfaction study has…
CU Webinar: Industry execs to discuss impact of economic recession on Canada’s P&C industry
June 12, 2020 by David GambrillWay back in 2020 Q1, before the world turned upside down, the Canadian property and casualty insurance results were on the rebound from a difficult prior year. But on Mar. 11, 2020, the World Health Organization declared the novel coronavirus…
One cheap way for cities to reduce basement flood risk
June 11, 2020 by Greg MeckbachThe Intact Centre on Climate Adaptation is encouraging Canadian municipalities to follow the example of Nova Scotia municipalities that are distributing basement flood prevention tips to property owners with their tax bill. Starting Friday June 12, both the town and…
How to make tenant insurance applications more user-friendly
June 10, 2020 by Greg MeckbachIf you think it is easy for clients to apply for tenant insurance, you might want to consider how much trivia those tenants actually know about the property they occupy. “Every insurance application has questions that aren’t user-friendly and they…
Alberta drivers push back against no-fault
June 9, 2020 by Adam MalikAlbertans would rather stick with its at-fault auto insurance system than switch to a no-fault program, according to a new survey. More than six in 10 Albertans (61%) surveyed told Nanos Research that they prefer at-fault over the no-fault system.…
Customers not lauding insurers’ relief measures, but they aren’t shopping around either
June 8, 2020 by Greg MeckbachThe majority of Canadian motorists surveyed are not satisfied with the financial relief measures offered by their insurers, a recently-released Leger Marketing poll indicates. “What struck me as interesting was that although 52% said they were not satisfied, 40% [of…
Bank of Canada keeps key rate target on hold, expects return to growth in Q3
June 3, 2020 Jordan Press - THE CANADIAN PRESSOTTAWA – The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound. The bank left its target for…
Q&A: Business Continuity in the Digital Age
June 2, 2020 by David GambrillMany insurance professionals in the Canadian property and casualty insurance industry are taking a long-term view of the global novel coronavirus pandemic, seeing a world beyond the point at which a vaccine is developed and the virus no longer presents…
Q&A: Business Continuity in the Digital Age
June 1, 2020 by David GambrillAs an industry challenged by all of the various disasters that the world has to offer, many Canadian property and casualty insurance companies already had business continuity plans in place to keep their operations running in the face of a…
Better safe than sued: How to advise your clients on temperature screening, glove use
May 29, 2020 by Adam MalikYour commercial clients may expose themselves to legal risk if they don’t adhere to all government recommendations to protect clients and employees from the spread of coronavirus while re-opening, legal professionals warned. As social distancing rules loosen in various parts…
Car sharing service Turo says launch into B.C. market is ‘imminent’
May 28, 2020 THE CANADIAN PRESSVANCOUVER – Fans of car-sharing services in British Columbia are about to get another option within weeks of the closure of two other car-share businesses in the province. Turo, which describes itself as the world’s largest peer-to-peer car sharing platform,…