One step closer to a National Flood Insurance Program
March 29, 2022 by Alyssa DiSabatinoThe industry is one step closer to getting updated flood maps, and a new national flood insurance program to protect homeowners in high-risk flood zones is in the works, says Canada’s public safety minister. Flood maps are being developed in…
Insurers holding difficult conversations with carbon-producing clients as ESG awareness grows
January 27, 2022 by Alyssa DiSabatinoWith environmental, social and governance (ESG) awareness on the rise, insurance companies are starting to hold difficult conversations with their long-standing carbon-producing partners, said three P&C insurance company executives during a Canadian Underwriter webinar on Jan. 25. In compliance with the…
How the feds can help insurers prevent annual $2-billion Cat losses
January 21, 2022 by Alyssa DiSabatinoInsured damage for severe weather events across Canada reached $2.1 billion again last year, and $2-billion annual Cat losses are quickly becoming the new normal, according to Catastrophe Indices and Quantification Inc. (CatIQ). This is a steep incline compared…
Why pollution liability brokers should pay attention to this auditor general report
December 9, 2021 by Greg MeckbachThe Ontario government should re-visit a rule that leaves polluters off the hook for hazardous spills that cost less than $10,000 to clean up, the province’s auditor general suggests. In 2016, the Ontario environment ministry [now called the Ministry of…
How this buried oil tank came back to haunt former homeowners
January 17, 2020 by Greg MeckbachIf your clients are selling their home, should you ask whether prospective buyers want written assurance that any oil tanks are removed and the soil cleaned up? Scott Warren and Antonia Camille Fantillo sold their home in early 2016. They…
What cabinet upheaval means for auto reform progress
June 24, 2019 by Adam MalikOntario Premier Doug Ford has made drastic changes to his cabinet just months after including auto reforms in its first budget. Taking over as finance minister – and in effect, the auto insurance file – will be Rod Phillips. The…
How much of your salary would you give up for more meaningful work?
June 24, 2019 by Jason ContantHow much would you give up in annual pay for more meaningful work at your brokerage? A recent study of 1,500 Canadian office workers found that almost half of them would give up nearly $9,000 in an annual pay raise…
Paid Leverage tech and deliver seamless CX
June 20, 2019 Insurance NexusFast, simple and personalized. Those are the demands being placed on Canadian carriers as they strive to meet customer expectations in a digital experience-driven world. It’s no longer enough to set your yardstick by how well (or badly) the competition…
How sports talk is good for company morale
June 19, 2019 by Adam MalikThe Toronto Raptors capped off their season with an NBA Championship – and their win can help give your employees a little more pep in their step when they come into work. It felt like everybody jumped on the bandwagon…
Waist-deep flooding hits this prairie city
June 19, 2019 THE CANADIAN PRESSSWIFT CURRENT, Sask. – People in a small southwestern Saskatchewan city are cleaning up after a sudden dump of rain caused parts of the downtown to be flooded. It’s been dry in Swift Current for months, but that all changed…
CatIQ acquired by Switzerland-based PERILS
June 17, 2019 by Jason ContantZurich, Switzerland-based PERILS AG announced Monday that it has acquired Catastrophe Indices & Quantification Inc. (CatIQ). Established in 2014, CatIQ is widely recognized as the most reliable source of catastrophe loss and exposure information in Canada. PERILS, a subsidiary of…
$107-million Saskatchewan oil leak results in guilty plea
June 12, 2019 Colette Derworiz - THE CANADIAN PRESSLLOYDMINSTER, Sask. – Husky Energy has pleaded guilty in a pipeline leak that sent oil spilling into a major river and fouled the source of drinking water for thousands of people. The spill into the North Saskatchewan River in July…