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Risk Management


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This storm preparation tip is a myth

September 12, 2018 by Greg Meckbach

As Newfoundland gets hit by the remnants of Tropical Storm Gordon and Hurricane Florence threatens the Carolinas, brokers can make a difference in advising homeowners what not to do as nasty weather approaches. “In Canada, there are not many hurricane-type

News InsuranceRiskTechnology

Desjardins Group part of new Canadian cybersecurity collective

September 12, 2018 by Jason Contant

MONTREAL – Security-minded consumers will soon have access to a free app designed to protect their data from cybersecurity threats. The digital app, called Protection, is designed to help users detect security breaches and scamming attempts in their emails, texts

News InsuranceLegislation / RegulationTechnology

How to limit autonomous vehicle liability disputes

September 11, 2018 by Jason Contant

Legislation on autonomous vehicles needs to be ironed out well in advance of these vehicles becoming mainstream to prevent insurance payout disputes before an injured party receives compensation, an insurance lawyer said recently. Jonathan Grnak, an insurance lawyer with Danson

News InsuranceLegislation / RegulationRiskTechnology

Where Canada should look for regulation on autonomous vehicles

September 10, 2018 by Jason Contant

Canadian provinces seeking guidance on addressing liability issues of autonomous vehicles could look to the United Kingdom as an example, an insurance lawyer told Canadian Underwriter Friday. The UK has a bill in the reading stages that, if passed, would

News InsuranceMarkets / CoveragesTechnology

Where Canada ranks worldwide in cyber breaches

September 7, 2018 by Jason Contant

The importance of obtaining cyber insurance has again hit home, following the release of a report that found by mid-2018, Canada was the country with the third most cyber incidents in the world and ninth most exposed records. Last month,

News BrokersProfessional Development

How to handle grieving clients

September 5, 2018 by Jason Contant

Brokers are used to responding to clients’ questions about their insurance needs, but are they always able to effectively handle grieving customers? The million-dollar question is how to ensure brokers are building enduring and caring customer relationships, while also protecting

News BrokersInsuranceMarkets / CoveragesMergers and Aqcuisitions

How much buyers are willing to pay for online books of business

September 5, 2018 by Jason Contant

Buyers are pricing in potential future market disruption, such as online distribution, when buying a broker’s books of business, a P&C transaction advisor told Canadian Underwriter Wednesday. Mike Berris, partner and practice group leader with Vancouver-based Smythe Advisory said he

News ClaimsInsuranceLegislation / Regulation

Cannabis legalization raises questions on host liability

September 5, 2018 by Greg Meckbach

The legalization of marijuana next month leaves some key questions for commercial clients who serve alcohol. “What if an individual comes in already smelling of marijuana and the bartender is unsure what their level of impairment is?” asked Mouna Hanna, 

News Risk

Unpredictable sinkhole in Nova Scotia takes bite out of parking lot

September 5, 2018 The Canadian Press

OXFORD, N.S. – A large sinkhole that has swallowed trees and picnic tables in a Nova Scotia park has now taken a bite out of a parking lot, as the natural phenomenon continues to capture the attention of geological experts

News BrokersInsuranceMergers and Aqcuisitions

Best exit strategies for selling your brokerage

September 1, 2018 by Jason Contant

Looking to sell your brokerage? Don’t assume your brokerage will eventually sell for an ever-increasing multiple of revenue, or that you will be able to sell at the high end of the current ranges, a P&C advisory and consulting firm

News EmploymentLegal

Tim Hortons, franchisees in legal spat over shattering coffee pots

September 1, 2018 Aleksandra Sagan - THE CANADIAN PRESS

The parent company of Tim Hortons is denying a claim by a group of franchisees that the coffee pots they’re required to use have been shattering and injuring employees. Restaurant Brands International says the claims of faulty coffee pots are

News BrokersProfessional Development

How to motivate brokers on the front line

August 30, 2018 by Jason Contant

Brokerages looking to better motivate frontline workers should optimize play, purpose and potential, while reducing pressure, a recent experiment suggests. In a blog post for Harvard Business Review, authors Lindsay McGregor and Neel Doshi implemented an experiment to transform the