Digitizing your brokerage? Pay attention to the ‘frozen middle’
June 21, 2019 by Jason ContantWhat’s the secret to successful digital transformation? The key is to get buy-in from the lower levels of the organization, said Paul Chapman, chief information officer (CIO) at Box Inc., a provider of cloud content management and file-sharing service for…
Where does insurance fit in the technology puzzle?
June 18, 2019 by Adam MalikThe insurance industry needs to figure out how to leverage technology and ride the waves of change that other industries are seeing. From there, issues like finding talent will become easier, a panel recently told young brokers. Problem is, insurance…
No ‘silver bullet’ for bus passenger safety: Commons committee
June 13, 2019 Teresa Wright - THE CANADIAN PRESSOTTAWA – A committee of MPs who probed bus-passenger safety in Canada has decided not to call for seatbelts to be installed in Canadian school buses, urging further study instead. The House of Commons transportation committee launched an investigation into…
How an insurtech uses pre-fill data to a homeowner’s best advantage
June 6, 2019 by Jason ContantOne insurtech based in the United States is pre-filling data in home insurance application forms to help answer questions that customers may not be able to answer themselves. California-based home insurance company Hippo Insurance uses trusted public data sources like…
What can happen if client fails to insure valuable shipment
February 20, 2019 THE CANADIAN PRESSHALIFAX – A top Canadian naval officer is out 50 rare coins he valued at $38,000 with little to show for it, after a Nova Scotia small claims court found FedEx Canada not liable for the full value of his…
Lloyd’s disputes claim over diamond-studded statue
January 8, 2019 THE CANADIAN PRESSVANCOUVER – A major insurance company is fighting back after a British Columbia court required it to make good on a policy covering a gold, diamond-encrusted eagle statue allegedly stolen in Metro Vancouver more than two years ago. The B.C.…
2019 Executive Outlook | Mike George, Trisura
January 2, 2019 Canadian UnderwriterCanadian Underwriter approached Canadian P&C industry executives with two questions: 1) What is the single most important change the industry must make looking forward into 2019? 2) How might this change be brought about? Their answers, featured in our 2019…
Rising water prompts mandatory evacuation order
April 24, 2018 The Canadian PressDRUMHELLER, Alta. – Rising water caused by an ice jam on the Little Red Deer River in central Alberta prompted officials to ask some people to leave their homes Monday, while further southeast on the Rosebud River, residents weren’t being…
What brokers need to tell homeowners hiring renovators
January 9, 2018 by Greg MeckbachBrokers placing home insurance should be advising clients on how to vet renovation contractors, a spokesperson for a bidding website advises. Some contractors could be working on homes without having workers compensation insurance, and while they may have insurance certificates…
Unidentified car claim: Court seeks ‘science’ in expert report
December 18, 2017 by Canadian UnderwriterThe Supreme Court of British Columbia has tossed out the report of a forensic engineer, which supported the public insurer’s position in an unidentified car case, saying the report relied too heavily on expert opinion and not enough on “science.”…
B.C.’s wildfire season surpasses 1958 record for amount of land burned
August 17, 2017 The Canadian Press (CPSTF)KAMLOOPS, B.C. – British Columbia’s wildfires have destroyed a record amount of forest, brush and grassland, surpassing the devastation of nearly 60 years ago. Kevin Skrepnek with the BC Wildfire Service said about 8,944 square kilometres have been scorched by…
Hannover Re, Guy Carpenter place $960 million worth of ILS transactions in three U.S. states
July 12, 2017 by Canadian UnderwriterHannover Re announced Wednesday it has completed three insurance-linked securities transactions, through Marsh and McLennan Companies Inc.’s GC Securities unit, with a total value of $960 million. All figures are in United States dollars. Hannover Re said it transferred $750…