Canadian Underwriter

Insurance broker discussing and consulting on auto insurance policy
News Insurance

Broker or insurer: Who’s responsible for letters of non-renewal on auto policies?

June 23, 2022 by Jason Contant

The issue of how much responsibility an Ontario broker has for sending out non-renewal notices to auto insurance clients is in the spotlight, featuring an online discussion focused on adequate notice time and the possibility of errors and omissions (E&O)

Broker negotiating a contract with a client
News Insurance

How broker E&O tracked during the pandemic

June 14, 2022 by Jason Contant

Broker errors and omissions (E&O) claims grew during the pandemic for those who failed to maintain adequate levels of coverage for their clients, a broker E&O specialist says. While home and auto claims were down due to lockdowns, resulting in

News Insurance

Fast pace of private equity investments means more insurance placements for portfolio companies

December 14, 2021 Jason Contant

Speed can equal success when a private equity firm is looking to acquire a company. But the rush to close a deal can also mean insurance gets put on the back burner. A private equity firm often buys a controlling

News Insurance

Do your clients freelance? The right questions will get them proper coverage

December 8, 2021 Brooke Smith

Your clients may love being their own bosses, or they may be self-employed by necessity. “If you look at what’s happening with the gig economy, it seems many [people] are either finding new careers and becoming freelancers or freelancing as

News Brokers

The perils of highlighting key points in a policy

February 22, 2021 by Greg Meckbach

Home insurance policies may be so long that consumers won’t read the entire thing, but it doesn’t mean that brokers should selectively highlight certain policy terms to clients, a brokerage leader warns. “For us, there are things we need to

News BrokersInsuranceMarkets / CoveragesMGAs

Why some brokers may shy away from using an MGA

November 28, 2018 by Jason Contant

The risk of a greater errors and omissions (E&O) exposure is a major reason why some brokers choose not to place business with a managing general agent (MGA), speakers said Tuesday at Insurance-Canada.ca’s MGA Technology Symposium in Toronto. “We don’t

News

Emerging Trends in Broker’s Errors and Omissions

September 23, 2015 by Canadian Underwriter

Speaker: Ramon V. Andal, Andal Law Office Topic: Insurance brokers are being held to an increasingly stringent level of care by the courts. The rise in the frequency of E&O suits is of concern not only to brokers, but to