Industry
A hard market. A pandemic. The fast pace of technology and consolidation. Remaining independent in today’s marketplace is a tough ask of brokers. Thankfully, there’s a way to keep your brokerage and level the playing field… More than ever, challenges are at a peak for independent brokers who find themselves having to make some […]
By Canadian Broker Network | January 6, 2021
5 min read
The insurance industry is putting a disproportionate amount of effort in bringing new customers to their business and not investing enough in client retention, which is a far more affordable strategy, says an industry observer. Further plaguing the industry is the low level of trust customers show towards the industry as a whole — even […]
By Adam Malik | January 5, 2021
4 min read
The backlash against Canadian politicians who travelled to warmer climes over the holidays despite public health warnings to stay home is a wake-up call that organizations need clear risk management plans, experts say. The fallout of ignoring travel restrictions could have lasting repercussions on individual careers, an organization’s reputation and, more critically, public adherence to […]
By Jason Contant | January 5, 2021
2 min read
HALIFAX – A prolonged holiday warm spell ended with a vengeance over the weekend across Atlantic Canada, leaving double-digit snowfall totals in three provinces and thousands of Nova Scotia residents in the dark on Sunday. The website for Nova Scotia Power’s listed 13,967 customers affected by 248 outages as of 1 p.m., mostly on Cape […]
By The Canadian Press | January 4, 2021
TORONTO – On Jan. 1, investors celebrating Bay Street’s best returns since the global financial crisis couldn’t have known what kind of year they were about to face. The year on stock exchanges was marked by swift and frequent changes in reaction to news events, with updates on the number of active COVID-19 cases or […]
By Jason Contant | December 23, 2020
6 min read
Economical Insurance is aiming to have an initial public offering (IPO) of stock in 2021, making it the first ever property and casualty mutual in Canada to demutualize. “If we receive required approvals from the [federal] Minister of Finance on a timely basis and capital market conditions are favourable, we would look to complete our […]
By Greg Meckbach | December 22, 2020
3 min read
VANCOUVER – BC Hydro crews worked through the night to restore power to thousands of customers in southern British Columbia following a wicked snow and wind storm that arrived on the first day of winter. Hydro was reporting as many as 90,000 customers were in the dark at the peak of the storm but crews […]
By The Canadian Press | December 22, 2020
VANCOUVER – Parts of British Columbia could see massive losses if the province doesn’t start planning for flooding as ocean waters rise and storms surge due to climate change, says a researcher at the University of B.C. in Vancouver. B.C. lacks a much-needed overarching authority to oversee coastal flood management and ecosystem conservation, said Kees […]
By Jason Contant | December 21, 2020
OTTAWA – The RCMP has agreed to revamp its policies on the collection and use of information about protesters after a watchdog expressed fresh concerns, a notable shift from the police force’s position only months ago. RCMP Commissioner Brenda Lucki largely embraced a series of Civilian Review and Complaints Commission recommendations that could better protect […]
By Jason Contant | December 18, 2020
If you’re a commercial insurance broker or client looking for the end of high premiums for trucking fleets, insurers would like to hear from you about how to resolve a major systemic issue facing the trucking industry. “I would say one of the major issues we’re dealing with right now is that there’s a shortage […]
By David Gambrill | December 17, 2020
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