Brokers can help retiring business owners maximize the sale value of their business by going over an exit plan with their clients.
Fraud costs the insurance industry an estimated $1.3 to $2.6 billion annually — 10 to 15 per cent of claims paid. Reducing that figure takes the dedication of all areas of the claims field.
A new online quoting tool is designed to help brokers offer clients travel insurance without any additional cost or E&O exposure.
After a remediation period in 2008, HCAI is now ready for its re-launch; fully prepared to handle the large volume of users.
Ontario’s formula in law for determining ‘catastrophic impairments’ is based on medical guides that are 20 years old, and has been interpreted in a variety of ways by judges and arbitrators. And yet the health of the province’s auto insurance system is riding on the clarity of its meaning.
Credit scoring, technology, broker communications with consumers and ITV all dominated the highlight reel of the IBAO’s annual convention in 2009.
As the Health Claims for Auto Insurance (HCAI) pilot is re-launched, so too has the newly updated information site — www.hcaiinfo.ca. During the last rollout, the site did exist, but was only intended to be used as an update to…
LOOK FOR CLIMATE CHANGE EXCLUSIONS TO APPEAR IN LIABILITY POLICIES IN THE NEAR FUTURE: ENVIRONMENTAL RISK ADVISOR Risks related to climate change are so expansive as to be uninsurable. It is therefore likely that climate change exclusions will be written…
Bryan Yetman, president-elect of the Insurance Brokers Association of Ontario (IBAO), demonstrates characteristics highly sought by the broker channel.
1 In the most recent canadianunderwriter.ca poll, we asked readers: ‘Could risk managers have done anything to prevent the events leading to the global financial crisis?’ In a very close vote, 52.08% responded ‘yes’ and 47.92% of respondents said ‘no.’…
The Ministry of Health and Long-Term Care reminds insurers to report non-automobile liability claims.
MUTATED VERSION OF H1N1 POSSIBLE BY END OF THE YEAR: MARSH Global insurance broker and risk advisor Marsh is warning businesses to be prepared for the possible outbreak of a second, more severe mutation of influenza A (H1N1) later this…