Segment
Risk Management
This storm preparation tip is a myth
September 12, 2018 by Greg MeckbachAs 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…
Desjardins Group part of new Canadian cybersecurity collective
September 12, 2018 by Jason ContantMONTREAL – 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…
How to limit autonomous vehicle liability disputes
September 11, 2018 by Jason ContantLegislation 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…
Where Canada should look for regulation on autonomous vehicles
September 10, 2018 by Jason ContantCanadian 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…
Where Canada ranks worldwide in cyber breaches
September 7, 2018 by Jason ContantThe 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,…
How to handle grieving clients
September 5, 2018 by Jason ContantBrokers 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…
How much buyers are willing to pay for online books of business
September 5, 2018 by Jason ContantBuyers 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…
Cannabis legalization raises questions on host liability
September 5, 2018 by Greg MeckbachThe 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, …
Unpredictable sinkhole in Nova Scotia takes bite out of parking lot
September 5, 2018 The Canadian PressOXFORD, 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…
Best exit strategies for selling your brokerage
September 1, 2018 by Jason ContantLooking 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…
Tim Hortons, franchisees in legal spat over shattering coffee pots
September 1, 2018 Aleksandra Sagan - THE CANADIAN PRESSThe 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…
How to motivate brokers on the front line
August 30, 2018 by Jason ContantBrokerages 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…