Storm Watch
January 1, 2013 Greg Meckbach, Associate EditorInsurers in Canada have seen thousands of wind and rain damage claims, along with a few for business interruption, in the wake of the storm that followed Hurricane Sandy. Losses, however, appear not to be as severe as originally envisioned.
Full Spectrum
December 2, 2012 by Canadian UnderwriterIt’s a safe bet that Canada’s property and casualty insurers are in for big changes. How dramatic those changes will be, what form they will take and when they will ultimately unfold are expected to fall on many points along the spectrum. Building on hard data and emerging trends, insurance companies are blending old with new as they prepare for all shades of risk.
The Business Case for Risk
September 1, 2012 Craig Rowe, CEO, ClearRisk SolutionsYour insureds know more about risk than you do. What steps should be taken to understand clients’ and prospects’ risks, speak their language and distinguish yourself as their trusted risk advisor?
The Road to Greener Pastures
July 2, 2012 The CIP Society and Insurance Institute of CanadaThe CIP Society Ethics Series: Brokers with excellent track records may be tempted to branch out into other areas of business, raising a duty to tell the clients when they are travelling in unfamiliar territory.
Duty to Disclose
May 1, 2012 The CIP Society, Insurance Institute of CanadaSound business decisions may not always bode well for client relations, and when they don’t, is the broker duty-bound to tell the client?
Moves & Views
May 1, 2012 by Canadian Underwriter1 On Side Restoration Services Ltd. is continuing to expand, most recently opening its doors in Atlantic Canada. The company acquired A&R Services Ltd. on Apr. 1, completing On Side’s stretch from coast to coast. “This is the first acquisition…
How Much is Enough?
March 1, 2012 The CIP Society, Insurance Institute of CanadaCommercial brokers can sometimes find themselves caught in a discrepancy between how much coverage their clients think they need and how much coverage brokers believe their clients require. How much counsel is enough?
A Personal Connection
February 1, 2012 Brenda Rose, Vice President, Firstbrook Cassie & AndersonA once-linear connection between consumers, brokers and insurers, mediated through paper-based processes has shifted because of the unbounded flexibility of the Internet.
Tapping Into Social Circles
February 1, 2012 Alexey Saltykov, Co-founder, CEO, InsurEye Inc.Among other technology innovations, companies are exploring the possibility of allowing consumers to use their friends and social circle to help reduce premiums.
Spinal Cord Injury
November 30, 2011 Angela Veri and Judy FarrimondUnderstanding the spine’s component parts can go a long way in effective spinal cord injury management
Playing Fair
October 1, 2011 Vanessa MarigaBrokers and industry stakeholders across Canada generally support the introduction of Administrative Monetary Penalties (AMPs) in jurisdictions that do not currently have them – particularly in Ontario. AMPs are viewed as a middle ground between a “slap on the wrist” and quasi-criminal proceedings, enabling insurance regulators to issue a penalty proportionate to the infraction.
Language Divide
May 1, 2011 Vanessa MarigaA government blue-ribbon panel of medical experts has produced a proposed new draft of Ontario’s catastrophic impairment definition, including a welcomed “line in the sand” against combining physical and psychological impairments to determine whole person impairment. But how will the medical terminology in the new definition be translated into the language of case law?