Industry
Commercial coverage for advertising liability could be a little broader than some underwriters may think. In a decision rendered on a coverage dispute, British Columbia’s appeal court ruled on June 28 that Lloyd’s Underwriters has a duty to defend Blue Mountain Log Sales Ltd. and parent firm Clark Group from a lawsuit in Washington state. […]
By Greg Meckbach | July 3, 2019
4 min read
If open banking is on your radar screen, Senator Colin Deacon would like to hear from you. “I would love to have a conversation within [the property and casualty insurance] sector to talk with your sector leaders at some point, just to understand where they see this going,” Deacon said of open banking in a […]
3 min read
Feeling threatened by insurers who invest in a direct-to-consumer channel? Debate rages on about how much of your lunch directs could possibly eat, with commentators citing limits to the direct model. “I think there is always going to be a place for the broker – for the knowledge they bring, for the experience they bring […]
By Greg Meckbach | July 2, 2019
Some claims disputes can be prevented entirely with better communication between clients and insurers, suggests an engineer for a firm that investigates property damage. “I couldn’t put a number on it, but I would say a large number of the disputes that we see are related to not communicating, not sharing everything, or perceptions that […]
2 min read
Archway Insurance will nearly double its footprint in New Brunswick following a mega-deal to acquire three brokerages and seven new offices across the province. Amherst, N.S.-headquartered Archway acquired Shaw Insurance Agency Ltd., Solutions Assurances 360° Inc. and J. & N. Assurances Ltée., effective July 1. The transaction comes with a client base representing close to […]
By Jason Contant | July 2, 2019
Quebec’s financial regulator, the Autorité des marchés financiers (AMF), is working with the property and casualty insurance industry to make the earthquake insurance product more attractive to insurers, brokers and consumers. In its 2017-2020 Strategic Plan released Thursday, AMF said it will be undertaking a “special project” to help reduce the major financial risks to […]
By Jason Contant | June 28, 2019
Wages and job openings in the insurance and financial sectors have dropped, Statistics Canada reported recently. The vacancy rate in insurance and finance stood at 2.8% during the first quarter of 2019, down from 3.1% in 2018 Q1, StatsCan said in the Job Vacancy and Wage Survey (JVWS) released June 18. The insurance sector includes […]
By Greg Meckbach | June 28, 2019
Do your clients know how often their workers click on links they receive in emails that should have been flagged as suspicious? “I wouldn’t find it unreasonable for an insurer to ask questions about phishing click-through rates,” Srinath Sampath, senior director and analyst with Stamford, Conn.-based IT research firm Gartner Inc., told Canadian Underwriter. This […]
Rising water levels are causing delays in the St. Lawrence Seaway that could cost the economy more than $1 billion, shippers and port operators say. A new study from the Chamber of Marine Commerce warns that opening the floodgates further at a dam in Cornwall, Ont., in order to relieve high water levels upstream would […]
Legislated limits on pain and suffering awards, which are meant to manage liability insurance costs, could conceivably be challenged in court, a Canadian personal injury lawyer suggests. South of the border, the Kansas Supreme Court recently held that a state law capping damages for non-economic injuries in personal injury lawsuits is unconstitutional. Diana Hilburn was […]
By Greg Meckbach | June 27, 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.
