Industry
Is your client liked by its neighbours? While that may not be your first question as a commercial broker, insurance professionals were told Tuesday the question is nonetheless important if the client is in the resources sector. “You need some level of acceptance by communities,” David Clarry, vice president of corporate social responsibility at Hudbay […]
By Greg Meckbach | November 5, 2019
3 min read
Yes, you offer your clients the best rates in addition to speedy, personalized service. But so does everyone else. Here’s one way to stand out from the crowd….
By Adam Malik, Managing Editor | November 5, 2019
5 min read
Global insurance brokerage Hub International Limited has bought another Canadian firm as part of its ongoing strategy to expand its employee benefits and pension solutions. Hub announced Monday it had acquired R Bruce Inc., doing business as RBI Advisory Group. Located in Okotoks, Alta., RBI Advisory Group has provided strategic group benefit advisory services to […]
By Jason Contant | November 4, 2019
2 min read
Insurance premiums are up nearly 14% for carriers owned by Fairfax Financial, and much of that is due to price increases, the holdings company’s president suggests. “In my career here – 16 years – I haven’t seen anything quite like this. It’s firming,” said Paul Rivett, president of Toronto-based Fairfax Financial Holdings Ltd. “No one […]
By Greg Meckbach | November 4, 2019
IQALUIT, Nunavut – Crucial Nunavut government services from health to justice were still impaired Monday after a weekend cyberattack locked out civil servants from access to electronic information. “We are working non-stop to resolve this issue,” said Premier Joe Savikataaq in a release. “Essential services will not be impacted and the (government) will continue to […]
By The Canadian Press | November 4, 2019
Another insurer is reporting a rise in ransomware attacks. Specialist insurer Beazley said Thursday that the targeting of IT vendors by cyber criminals contributed to a 37% increase in reported ransomware incidents in the third quarter of 2019 compared to the previous three months. On Oct. 11, Chubb said malware cyber attacks are on the […]
By Jason Contant | November 1, 2019
Managing General Agencies (MGAs) in Canada have been attracting attention in the industry recently, and not just because of their hybrid status as both distributors and underwriters of insurance products. Their regulatory status in Canada is nebulous, and some are beginning to take a second look at their unique business model. Should MGAs be regulated? […]
By David Gambrill | November 1, 2019
4 min read
Canada’s solvency regulator and the property and casualty insurance industry are working to defuse a potentially explosive situation – one that could see global reinsurance capital fleeing from Canada. What will be the outcome of this ticking regulatory time bomb?
By David Gambrill, Editor in Chief | November 1, 2019
8 min read
The Court of Appeal for Ontario has overturned a bad faith punitive award against AIG Insurance Company of Canada in a jewellery theft claim, ordering a trial to be held on the merits of the insurer’s contention that the claim was fraudulent. The Appeal Court ruled that the motion judge had erred in law by […]
By David Gambrill | October 31, 2019
The Ontario government plans to make several changes to the Insurance Act, including the removal of the definition of “salesperson” from the law. Legislation was tabled Monday by Prabmeet Singh Sarkaria, the associate minister of small business and red tape reduction and Progressive Conservative MPP for Brampton South. As it stands, salesperson is someone other […]
By Greg Meckbach | October 31, 2019
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
