Canadian Underwriter

News Legislation / Regulation

What open banking means for brokers

June 21, 2019 by Greg Meckbach

Brokers should see open banking as more of an opportunity than a threat, a partner with EY Canada suggests. Open banking is a system in which consumers could consent to sharing their banking transaction data with other financial services providers,

News CatastrophesClaimsClaims CanadaClimate Change

Why climate change might be worse than you think

June 21, 2019 by Greg Meckbach

If you are using today’s climate models to predict the frequency and severity of tomorrow’s severe weather, your estimates could be off, suggests a recent convocation speaker at a major Canadian university. Recent unusual patterns in the jet stream are

News EmploymentInsurance

Where Canada’s largest mutual is putting its new Winnipeg headquarters

June 19, 2019 by Greg Meckbach

Four years from now, all of Wawanesa Mutual Insurance Company’s Winnipeg workers should be in a new office building. Wawanesa announced June 13 it will have a new North American headquarters at the southwest corner of Carlton Street and Graham

News BrokersInsuranceMergers and Aqcuisitions

Lussier Dale Parizeau continues M&A activity

June 18, 2019 by Jason Contant

Quebec’s largest brokerage, Lussier Dale Parizeau, has merged with financial services firm Genius Financial Group. André Lussier, president of Lussier Dale Parizeau, announced the merger along with the four partners of Genius Financial Group: Jean-Pierre Gauvreau, Serge Gravel, Éric Émond

News Insurance

Why home insurer must cover this killing despite intentional act exclusion

June 18, 2019 Randall Chase -  THE ASSOCIATED PRESS

DOVER, Del. – An American judge says an insurance company must extend liability coverage to a teenager who was convicted of criminally negligent homicide after a Wilmington, Del. school bathroom attack captured on cellphone video that left a 16-year-old girl

News InsuranceMergers and Aqcuisitions

Quebec’s third biggest P&C insurer working on merger

June 13, 2019 by Greg Meckbach

La Capitale General Insurance and LEDOR Assurances could combine if a plan announced Wednesday is approved by regulators. The two property and casualty insurers “have embarked on an initiative to amalgamate,” Quebec City-based La Capitale Insurance and Financial Services said

News AdjustersClaimsClaims CanadaInsuranceLegislation / Regulation

CU Total Loss Series: Bending Time

June 13, 2019 David Gambrill, Editor-in-Chief

Total Loss Series, Part 3: Solutions 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

News InsuranceLegislation / Regulation

FSRA takes over Ontario insurance oversight from FSCO

June 11, 2019 by Greg Meckbach

Ontario’s new property and casualty insurance regulator is up and running. Effective June 8, the Financial Services Regulatory Authority of Ontario (FSRA) took over regulatory duties from both the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation

News BrokersCommercial LinesEmploymentInsuranceMarkets / Coverages

Large commercial brokerage expands presence in benefits space

June 6, 2019 by Jason Contant

Yet another commercial brokerage has expanded its presence in the benefits space in Canada. Toronto-headquartered Navacord Corp. announced Tuesday the acquisition of Toronto-based Future Benefits Management Inc. (FBMI), effective June 3. Founded in 1995 and exclusively focused on group benefits,

News BrokersMergers and Aqcuisitions

Another small-town Saskatchewan brokerage gets bought by large U.S. firm

June 4, 2019 by Greg Meckbach

Hub International Ltd. has bought its second Saskatchewan property and casualty insurance brokerage in less than a month. Chicago-based Hub said Tuesday it has acquired Kamsack-based Cottenie and Gardner Inc. Kamsack is a town of about 1,800, situated near the

News BrokersInsuranceMergers and Aqcuisitions

BrokerLink makes third acquisition in May

May 31, 2019 by Jason Contant

BrokerLink has made its third acquisition in May with the purchase of Alberta independent insurance brokerage Thomson Schindle Green Insurance & Financial Services Ltd. (TSG). With branches in Medicine Hat, Calgary, Brooks, Bassano and Edmonton, TSG has been providing insurance

News EmploymentLegislation / Regulation

Retirement: How “Freedom 55” may become “Freedom 65+”

May 30, 2019 by Adam Malik

The Canadian Institute of Actuaries (CIA) wants to talk about delaying the traditional retirement age to beyond 65. Many are already choosing to work beyond age 65 anyway, said John Dark, CIA president. “It makes sense to update our country’s