4 ways to cope when your family and work commitments collide
April 27, 2018 by David GambrillYour most important meeting of the year with the brokerage’s biggest client falls on an afternoon when your daughter’s soccer team plays in the city championship game. What do you do? A standard response is to feel stress and guilt,…
Will more Canadian commercial insurers look south for acquisition targets?
April 26, 2018 by Greg MeckbachBuying American commercial insurers is a “strategy that could prove rewarding” for Canadian insurance companies, executives from Toronto-based DBRS wrote in a report released Thursday. Expanding into the U.S. commercial space “requires significant resources,” wrote Stewart McIlwraith, senior vice president…
How machine learning can help you predict court decisions
April 26, 2018 by Jason ContantMachine learning is now able to analyze court decisions and predict how judges may respond in certain situations, based on an analysis of existing caselaw. Artificial intelligence technology is currently available to analyze tax and employment caselaw, but it’s easy…
Broker fined for out-of-province licensing muddle
April 24, 2018 by David GambrillThe Insurance Council of Manitoba has fined Randolph McGlynn of Advocis Brokers Services Inc. $2,000 for attesting that two agents were licensed to do business in Manitoba when in fact they never held agent licenses in the province. Instead, the…
Ten dead, 15 injured in Toronto van pedestrian attack
April 23, 2018 Michelle McQuigge and Liam Casey - THE CANADIAN PRESSTORONTO – Ten people died and 15 others were injured when a van mounted a sidewalk and struck multiple pedestrians along a stretch of one of Toronto’s busiest streets, authorities said Monday, calling it “a horrific attack.” Deputy police chief…
How to give your client a ‘wake-up call’ on cyber risk
April 14, 2018 by Greg MeckbachCyber insurance application forms can give companies a “good understanding” of how well prepared they are to deal with an information security-related loss, speakers said Thursday at the International Cyber Risk Management Conference in Toronto. “We have seen clients stop…
It’s okay to cry at work. Millennials – and your CFO – are cool with it
April 5, 2018 by Jason ContantIf you are going to cry at work, make sure it’s not in front of a Boomer. Forty-seven per cent of Canadian workers 55 and older think workplace crying has a negative effect on your professional reputation, according to a…
When pollution is not a ‘direct’ result of a company’s loss
April 4, 2018 by Greg MeckbachA set of lawsuits arising from industrial properties allegedly polluted before the current owners bought them is making its way through the Ontario courts. Risk managers at any organization owning or managing property should be aware of the liability from…
Why McFarlan Rowlands acquired DA Kurt Insurance Brokers
April 3, 2018 by Jason ContantGeographic and cultural fit drove London, Ont.-based McFarlan Rowlands‘s decision to acquire DA Kurt Insurance Brokers of Kitchener, Ont., McFarlan told Canadian Underwriter. The deal is expected to close on April 30. “The DA Kurt team prides themselves on providing…
Insurer must defend hospital nurse sued for breach of privacy: Court
April 3, 2018 by Greg MeckbachAviva Canada has a duty to defend a nurse who is being sued for privacy breach by a patient whose medical records were accessed in a Simcoe, Ontario hospital, the Court of Appeal for Ontario ruled in a decision released…
Meet the rare insurance professional who deliberately pursued a career in the P&C industry
April 3, 2018 by Jason ContantCarrie Trudeau has officially started her new position as vice president of claims for Canada with Lloyd’s managing agent AEGIS (Associated Electric & Gas Insurance Services Limited), bringing 18 years of experience in the Canadian insurance market to the role.…
Intact to offer new D&O products for commercial brokers in Canada
March 29, 2018 by Greg MeckbachBrokers placing directors and officers (D&O) liability insurance can expect “more new products” this spring from Intact Insurance, given the company’s acquisition of OneBeacon Insurance Group Ltd. in September 2017, an official said Monday. Speaking during Intact’s Investor Day, Mike…