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What brokers should know about Emergency Preparedness [podcast]

November 9, 2018 Canadian Underwriter

When entrepreneurs and executives lie awake at night worrying about their businesses, they’re usually concerned with competitive threats. There’s always someone out there planning to disrupt their industry, court their customers or poach their employees. They should be worried. But

News InsuranceMergers and Aqcuisitions

JLT shareholders approve merger with Marsh & McLennan

November 8, 2018 by Greg Meckbach

A US$6-billion deal that could form the world’s largest commercial brokerage is one step closer to reality. Britain’s Jardine Lloyd Thompson Group plc announced Wednesday that 99.9% of its shareholders voted in favour of having JLT acquired by Marsh &

News InsuranceLegal

Why this 1996 auto accident benefits claim has not been resolved

October 31, 2018 by Greg Meckbach

An accident benefits claimant who a designated assessment centre concluded 22 years ago was not disabled still has a chance to claim income replacement benefits, Ontario’s Divisional Court has ruled. Dharam Sidhu was involved in a traffic accident in 1996. He

News BrokersInsurance

Top 10 Under 40, 2018: Garrett Jones, Valley First Insurance

October 31, 2018 Sarah Cunningham-Scharf

Who are the brightest young talents in Canadian P&C today? Each year, Canadian Insurance Top Broker magazine (recently acquired by CU) answers that question with its Top 10 Under 40. Meet the other winners here, and don’t forget to pick

News Legislation / Regulation

Legislation puts sustainability of Ontario auto product at risk: Top 5 insurer

October 29, 2018 by Greg Meckbach

The major problems of the Ontario auto insurance product won’t be solved by changing the territorial rating system, a major insurer warns. Two private member’s bills recently tabled at Queen’s Park “have the potential to challenge the sustainability of the

News BrokersTechnology

How to carve out more time to advise your small business clients

October 14, 2018 by Greg Meckbach

Small business clients want to spend less time filling out insurance application forms and more time getting advice from their brokers, an insurance technology expert says. “Unlike personal insurance, where there is more propensity to go direct, small business owners

News ClaimsLegal

Appeal court nixes $100K awarded for lost income

October 10, 2018 by Greg Meckbach

A plaintiff who was injured in an auto accident has had her award cut by $100,000 because she is not entitled to compensation for loss of income, the British Columbia Court of Appeal has ruled. Yi Gao sued Brian Dietrich

News InsuranceRiskTechnology

Is technology creating an ‘underwriter in a box’?

September 22, 2018 by Jason Contant

We often hear how the property and casualty insurance industry is slow to adopt technology, but is it possible the industry is actually becoming overly reliant on technology? Yes, said Neil Mitchell, CEO of Player’s Health Cover and former managing

News InsuranceLegislation / Regulation

Regulation suppressing required auto insurance rate increases

September 6, 2018 by Greg Meckbach

Some Canadian auto insurers would hike rates even further if provincial bureaucrats would let them, a New Jersey-based analyst said Wednesday at A.M. Best’s 2018 Insurance Market Briefing-Canada in Toronto. In a recent report, A.M. Best Company Inc. warned of

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 BrokersInsurance

The evolution of the commercial broker

August 28, 2018 by David Gambrill

Commercial insurance brokers will move beyond their sales role in the future and become true advisors on risk, industry executives predict. Signs of a hardening commercial insurance market provide one impetus for brokers to turn to risk advice to add

News InsuranceLegislation / Regulation

Why Canadian insurers want to play in a “regulatory sandbox”

August 27, 2018 by Jason Contant

The Insurance Bureau of Canada (IBC) wants a “regulatory sandbox” for the P&C insurance industry, something currently not accessible to insurers. “Sandboxes relax specific legal and regulatory requirements to create a safe and conductive space for innovative ideas, enabling companies