How demand in Canada factored into merger of two Lloyd’s brokers
May 29, 2018 by Jason ContantAn increased demand from Canadian brokers for more “problem-solving” insurance solutions, such as specialist cyber coverage, is a factor behind the recent merger between Endeavour Insurance Services and SSL Insurance Group. Lloyd’s broker and delegated authority specialist Endeavour recently announced…
Do sophisticated water models select against smaller insurers?
May 22, 2018 by Jason ContantThe sophistication of technology for rating overland flood could conceivably lead to smaller insurers ending up with a disproportionate share of flood risks on their books in the event of a cat, which could spell trouble for consumers. Insurance Brokers…
Ontario police sound alarm over impending pot legalization
May 15, 2018 Nicole Thompson - THE CANADIAN PRESSTORONTO – Ontario’s chiefs of police are again sounding alarm bells about the impending legalization of recreational cannabis, saying federal funding for police operations may not go far enough to cover increased costs. At a news conference held by the…
What could cause more flood woes in B.C.
May 14, 2018 The Canadian PressVANCOUVER – Torrential rains that pushed southern British Columbia waterways to flood stage have eased, but officials warn a new threat of unseasonably warm weather could rapidly melt snowpacks, adding to already swollen rivers. David Campbell, head of the B.C.…
Ontario, Quebec wind storm to test industry capacity: Crawford
May 8, 2018 by Jason ContantThe wind storm that struck Ontario and Quebec on May 4 and 5 will significantly test the capacity of insurers, independent adjusters, call centres and restoration contractors, Crawford and Company (Canada) Inc. told Canadian Underwriter Monday. Generally speaking, wind claims…
Slip and fall costs supermarket chain $755,000
April 19, 2018 Greg Meckbach, Associate EditorA woman who fell in a North Vancouver supermarket after slipping in a puddle of spilled laundry soap is no longer employable and is entitled to $375,000 in compensation for loss of future capacity, a Supreme Court of British Columbia…
B.C. homes on flood evacuation alert as dam weakens, water levels rise
April 17, 2018 The Canadian PressOLIVER, B.C. – Flooding across the British Columbia Interior has washed out roads and put homes on evacuation alert. The Ministry of Transportation says Highway 33 from the Mission Creek Bridge to Kelowna is closed in both directions due to…
When social media makes sense for insurance correspondence
April 14, 2018 by Greg MeckbachFacebook, Twitter and similar web services can suck up a lot of a worker’s time, but insurance brokers should figure out how to use social media to support the business. “There is nothing supremely special about social media,” said Kat…
Insurer losses not yet translating into property price hikes: broker
March 24, 2018 by Greg MeckbachBrokers expecting to see price hikes in property lines after last year’s devastating hurricanes may have good news for clients, at least in the short term. “Long term, all of the carriers will need to increase pricing and they would…
Wilder weather forcing Canadian power utilities to adapt
March 19, 2018 Keith Doucette - THE CANADIAN PRESSThe increasing intensity of storms that lead to massive power outages highlights the need for Canada’s electrical utilities to be more robust and innovative, climate change scientists say. “We need to plan to be more resilient in the face of…
Zombies on the sidewalk
March 19, 2018 Adam Campbell, senior associate, human factors, 30 Forensic EngineeringThe science behind ‘Zombie Laws’ and their potential effect on the litigation of pedestrian collisions
Lessons from the field in Fort Mac
March 15, 2018 Kris Rzesnoski, vice-president, business development, EncircleOn May 3, 2016 a massive wildfire swept through the remote Alberta community of Fort McMurray, necessitating the largest wildfire evacuation in Canadian history, with upwards of 88,000 people fleeing their homes. May 3rd was a turning point as well…