Making auto reform happen
May 16, 2019 by Adam MalikInsurance reform is long overdue, says the head of a medical evaluation company. Don Kunkel, president of Ontario-based AssessMed, which operates in eight provinces, says previous efforts to reform auto insurance have produced results that have been less than desired.…
What insurance companies can do to help police
May 15, 2019 by Adam MalikOttawa police laid more charges related to a busted a car theft ring that saw 50 vehicles stolen and totalled $2.5 million in value. It’s a case in which the Insurance Bureau of Canada (IBC) played a key role in…
When cyber breaches can kill
May 15, 2019 by Greg MeckbachYour client’s property and life are getting increasingly exposed to cyber attacks because just about everything today has computing power, an information security expert warns. “It used to be what with computer security, we were worried about computers, desktops and…
CU Total Loss Series: Where are the bottlenecks?
May 13, 2019 by David GambrillTotal Loss Series, Part 2: Bottlenecks Imagine Canada’s auto insurance industry saving millions of dollars each year in total loss costs and passing that along to Canadian drivers in the form of premium decreases. And all by simply reducing total…
Why brokers must have a CRM in the digital age
May 9, 2019 by David GambrillCustomers in the digital age expect to hear back from brokers immediately, so if brokers don’t start investing in Customer Relationship Management (CRM) systems soon, well — good luck, says Dave Vass, vice president of innovation at Trufla Technology. Vass…
New judge represented Insurance Bureau at Supreme Court of Canada
May 9, 2019 by Greg MeckbachA lawyer who represented the Insurance Bureau of Canada at the Supreme Court of Canada in impaired driving cases as been appointed to the bench. Stikeman Elliott LLP partner Nicholas McHaffie was named a Federal Court of Canada judge and…
Why it’s ‘time to stop talking’ about the Marshall report
May 6, 2019 by Greg MeckbachTwo years after David Marshall released 30 recommendations for reforming auto insurance in Ontario, it’s time to focus on what the current government is actually proposing, a consultant suggests. “I think it’s time to stop talking about Marshall and focus…
Should insurers offer incentive for remote water shut-off?
May 6, 2019 by Greg MeckbachIf your client owns a multi-storey commercial or residential building and installs a system that lets them shut water off immediately if necessary, how easy is it to get a break on insurance? “To the best of our knowledge there…
How smart speakers could ruin your reputation
May 2, 2019 by Jason ContantConnecting consumers with brokers and insurers through voice technology has already begun, but a new blog from Harvard Business Review is warning companies that their reputation could be at risk. The blog was written for general business audiences, but included…
Cyber pricing: Have carriers got it right?
April 17, 2019 by Greg MeckbachCyber insurance is a good tool to help clients understand their vulnerabilities, but carriers need to do a better job of pricing according to risk, speakers suggested at a recent conference. “There seems to be a lot of spit-balling on…
CU Total Loss Series: To repair, or not to repair?
April 17, 2019 by David GambrillTotal Loss Series, Part 1: Cycle Times Imagine Canada’s auto insurance industry saving millions of dollars each year in total loss costs and passing that along to Canadian drivers in the form of premium decreases. And all by simply reducing…
How usage-based insurance affects this carrier’s profits
April 12, 2019 by Greg MeckbachPembridge Insurance Company is asking brokers in four provinces to tell auto clients how much they could save by using a usage-based insurance app. Some motorists do not want usage-based insurance, Bob Tisdale, president of Pembridge, said Friday in an…