What ransomware attacks cost your clients
March 21, 2019 by Jason ContantBrokers selling cyber insurance may want to pay attention to a recent statistic: the average financial cost of downtime to a Canadian business following a ransomware attack is 7.5 times higher than the average ransom requested per incident. Canada not…
How your client can save money by detecting plumbing problems
March 13, 2019 by Greg MeckbachCanadian property clients could soon get an insurance discount by installing products from water flow sensing vendor Triple Plus Ltd. Triple Plus recently announced a pilot project in which American clients of Berkshire Hathaway GUARD can get lower property insurance…
Renowned independent broker returns to the big stage with a new brokerage
March 13, 2019 by David GambrillA big name in Manitoba’s independent brokerage community, Peter Leipsic, is making a return to the scene as a senior partner at a new brokerage called Dimensions Insurance Management Inc. He was executive vice president at Horizon Insurance (the province’s…
Brokerlink acquires family-owned brokerage in Alberta
March 8, 2019 by David GambrillBrokerLink has welcomed into its tent a 40-year-old family brokerage located in the Peace River area of northern Alberta. Nicolet Insurance Ltd., a full-service operation offering auto, home, business and travel insurance, has joined Brokerlink, one of Canada’s largest property…
Fatal fire damages Abbotsford, B.C. apartment building
March 7, 2019 by Greg MeckbachABBOTSFORD, B.C. – The BC Coroners Service confirms one person has died in an apartment fire in Abbotsford. Coroners service spokesman Andy Watson says a woman in her 60s died in the blaze that broke out about 10:30 p.m. Wednesday.…
What Alberta is doing to reduce collision risk
March 6, 2019 Colette Derworiz - THE CANADIAN PRESSEDMONTON – Drivers using Google Maps are getting a last-minute warning as they approach some photo radar camera locations. The feature, which is currently being rolled out by Google, allows users to see speed limits, speed cameras and mobile speed…
How this city is mitigating autonomous vehicle risk
March 5, 2019 Ramesh Santanam - THE ASSOCIATED PRESSPITTSBURGH – Companies testing autonomous vehicles in Pittsburgh will have to immediately report crashes resulting in any injuries as part of new guidelines announced Monday intended to boost public confidence in the testing after a deadly accident in Arizona last…
This province could see major spring flooding
March 1, 2019 by Jason ContantTen years after serious flooding in much of the southern part of Manitoba, there is again a high risk of major spring flooding in the province’s Red River Valley region. “Early forecasting data shows that we expect to see major…
Why less is better for digital transformation
March 1, 2019 by Jason ContantCompanies looking to undergo a digital transformation should follow the expression “more is not always better” when it comes to selecting system integrators and vendors, a speaker said Wednesday at the Insurance-Canada.ca Technology Conference in Toronto. During the transformation process,…
One politician’s idea for reducing the severity of school bus crashes
March 1, 2019 by Greg MeckbachSeatbelts with shoulder harnesses should be mandatory on all school buses, an opposition member of Ontario’s provincial parliament told Canadian Underwriter Friday. “We should have the use of three-point seat belts on school buses to prevent injury and even death,”…
Latest Canadian statistics on slips and falls on ice
February 28, 2019 Adina Bresge - THE CANADIAN PRESSAll it took was one foul step, and Ahsher Zeldin was in for at least a week of pain. Last Thursday, Zeldin was taking his two dogs out for an early morning stroll in north Toronto when a patch of…
What real-time, broker-carrier connectivity might cost
February 27, 2019 by David GambrillNinety insurance companies working with Ontario’s broker channel would be looking at a total investment of $4 billion over five years to conform to the CSIO XML standards required for an industry-wide, real-time data exchange solution between brokers and carriers.…