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Hub introduces new cannabis insurance and risk services for Canada

August 15, 2018 by Jason Contant

Global insurance brokerage Hub International announced Wednesday that it has launched cannabis insurance and risk services for the Canadian market. The offering, under Hub’s agribusiness and farm specialty practice, is also available in the United States. It provides medical and

News InsuranceRiskTechnology

Innovation, yes. But don’t forget to manage the risks.

August 10, 2018 by Jason Contant

While Canadian organizations are investing in emerging technologies and innovation, few of them are managing the associated risks, a report from PwC Canada suggests. Jennifer Johnson, a partner and national financial services leader with PwC Canada, says that when she

News BrokersInsuranceLegal

After a seven-year, $33K insurance settlement, claimant disputes his $5K legal bill

August 9, 2018 by David Gambrill

A seven-year lawsuit against a B.C. insurance brokerage that settled for $33,000 ultimately led to a legal dispute between the claimant and his lawyer over a $5,124 legal bill. The claimant, Larry Jones, sued his insurance brokerage, RHC Insurance Agency

News BrokersInsuranceMergers and Aqcuisitions

Canada’s fifth-largest brokerage expands with addition of Paisley-Manor

August 7, 2018 by Jason Contant

National commercial brokerage Navacord Inc. welcomes Toronto-based brokerage Paisley-Manor Insurance Brokers Inc., the third broker partner to join Navacord in 2018. Navacord trades under 10 different broker partner brands throughout Ontario, Alberta and British Columbia. Independent commercial insurance brokerage Paisley-Manor

News Insurance

How Brexit affects this Canadian tech firm’s risk profile

August 7, 2018 by Greg Meckbach

A Canadian software company faces risk and uncertainty because Britain is leaving the European Union. “We face risks associated with the potential uncertainty and disruptions that may follow Brexit,” Open Text Corporation said Aug. 2 in a securities filing. Open

News InsuranceTechnology

The next steps to making IBAC Data Exchange a reality

August 3, 2018 by Greg Meckbach

Brokers who spend too much time typing information into two different computer systems are getting help from the Insurance Brokers Association of Canada, and IBAC is looking for help on some new working groups. IBAC aims to have some working

News EmploymentProfessional DevelopmentRiskTechnology

Why Canadian companies need to ‘digitally upskill’ their staff

August 2, 2018 by Jason Contant

While a majority (85%) of Canadian organizations are investing in emerging technologies, few of them are managing the risks associated with technology, such as cybersecurity threats and lack of talent, a recent PwC Canada report has found. The Full Risk

News Earnings / RatingsInsuranceLegislation / RegulationMarkets / Coverages

Aviva Canada’s plan to decrease its exposure in Ontario auto

August 2, 2018 by David Gambrill

Aviva Canada is diversifying its portfolio of business to avoid exposure to deteriorating conditions in Ontario’s auto insurance market. “When you look at Aviva’s business in Canada, there’s a heavy concentration in Ontario auto,” Aviva Canada president and CEO Colm

News CatastrophesClimate ChangeInsuranceRisk

What Canada’s P&C industry has learned from catastrophes

July 31, 2018 by David Gambrill

Each catastrophe presents a unique learning opportunity for today’s risk and insurance professional; over time, savvy risk experts will use these broad-scale “teachable moments” to better prepare their clients and employers to be more resilient in the future. Canadian Underwriter

News BrokersInsuranceMarkets / CoveragesRisk

Questions to ask clients who serve alcohol

July 30, 2018 by Jason Contant

Risk managers in the restaurant and bar business need to “mine” for information from potential insureds to make sure they exercise their duty of care in serving alcohol responsibly. “From a risk management standpoint, what’s key is the insured is

News AppointmentsInsurance

Aviva Canada announces three new executive appointments

July 26, 2018 by Jason Contant

Aviva Canada reported Thursday that it has added to its executive teams in risk, claims and information technology. Bryant Vernon is the new chief claims officer (CCO), Nicole Brouillard is the chief information officer (CIO) and Michel Dionne is the

News InsuranceMarkets / Coverages

Trade war? There may be insurance for that

July 22, 2018 by David Gambrill

As the U.S. Commerce Department contemplates imposing a 25 per cent tariff on all vehicles imported into the United States, including vehicles from Canada, risk managers are starting to contemplate where all of this heightened rhetoric around protectionism may take