How fraudsters can dupe even tech-savvy risk analysts
November 20, 2018 by Jason ContantThink it’s just your clients that can get tricked into revealing personally identifiable information (PII)? Not always. A recent experiment has shown that even tech-savvy individuals are willing to provide PII without due diligence. A Vancouver-based global identity and business…
Hub acquires two western-Canadian brokerages
November 9, 2018 by Jason ContantGlobal insurance brokerage Hub International announced this week it has acquired the assets of two western-Canadian brokerages. Hub acquired on Wednesday the assets of Tri-Line Agencies Inc., a full-service, independent brokerage headquartered in Rose Valley, Sask. Tri-Line Agencies offers personal…
Navacord continues to expand its construction practice with latest partnership
November 5, 2018 by Jason ContantEffective Nov. 1, commercial brokerage Navacord Corp. continued to expand its construction practice with the addition of Westmount Guarantee Services Inc. as a broker partner. Founded in 2011, Markham, Ont.-based Westmount Guarantee provides Tarion bonds (developers’ surety), condominium deposit insurance…
New app centralizes and digitizes the entire insurance lifecycle
November 1, 2018 by Jason ContantAn artificial intelligence company based in Montreal has launched an application to centralize and digitize the entire insurance lifecycle. Koïos Intelligence, which develops AI tools designed specifically for the finance and insurance industries, unveiled Olivo at the Fintech Forum at…
How flexible are the industry’s working arrangements?
October 25, 2018 by Jason ContantCanadian employees in the insurance industry are about 13% more likely to work remotely than office workers in the United States. One in five U.S. office workers work remotely now, the New York Post reported last week. By contrast, more…
More interest from corporate clients in this specialty coverage
October 25, 2018 by Greg MeckbachLarge corporate clients often face unexpected tax bills in the millions – and companies are looking for insurers willing to share the risk. Aon Canada has meetings scheduled with several Canadian law firms to brief them on how tax insurance…
The special insurance needs of art collectors
October 24, 2018 by Greg MeckbachA recent prank by an anonymous street artist shows that collectibles – which require special insurance – can become more valuable if they are damaged. “Normally when a piece of art is damaged, it would drop in value,” Kelly Juhasz,…
IBAC announces new president
October 16, 2018 by Greg MeckbachChris Floyd, president of individual insurance services at the Ontario Teachers Insurance Plan (OTIP), is the new president of the Insurance Brokers Association of Canada. IBAC announced Monday its new leadership team, which was confirmed October 5 at its annual…
The industry that’s shopping for cyber insurance
October 11, 2018 by Greg MeckbachBrokers looking for new large cyber accounts might want to knock on doors of companies who look after other people’s money. More than half (55%) of Canadian asset managers surveyed said they intend to purchase insurance to protect themselves against…
First General names new head of central and eastern Ontario offices
October 1, 2018 by David GambrillFirst General, a North American restoration network with operations across Canada, has appointed Dan Burns to be the regional director of its central and eastern Ontario offices. First General has more than 80 general locations in Canada and the United…
Air Canada pilots say near-collision a wake-up call on pilot fatigue
September 27, 2018 Ross Marowits - THE CANADIAN PRESSTORONTO – A near-collision of an Air Canada jet at San Francisco’s airport should be a wake-up call for the federal government to adequately address pilot fatigue for overnight flights, the union representing the airline’s pilots said Wednesday. “I don’t…
Cirque du Soleil’s director of risk management receives top honours
September 24, 2018 by David GambrillMichel Rodrigue, Cirque du Soleil’s director of risk management and insurance, has received this year’s Donald M. Stuart award, Canada’s highest honour for risk management. Based in Montreal, Cirque du Soleil is an entertainment company that produces spectacular theatrical shows…