Industry
Companies often make two common blunders when they seek to disrupt themselves. First, some talk about hiring a bunch of “intrapreneurs” – creative geniuses who break all the rules and swim against the corporate tide – and then silo them off into self-contained departments to work on brilliant ideas for the organization. Second, some organizations […]
By David Gambrill | June 29, 2018
2 min read
Sirius International Insurance Group Ltd., which sells reinsurance in Canada through a Toronto office, will be publicly traded if a tentative merger agreement announced Monday is approved. Bermuda-based Sirius was sold in 2016 by White Mountains Insurance Group Ltd. to Singapore-based CM International Holding Pte. Ltd., which is the investment arm of China Minsheng Investment […]
By Greg Meckbach | June 28, 2018
1 min read
Mail-order weed? You betcha! With nationwide marijuana legalization in Canada on the horizon, the industry is shaping up differently there than the way it was established in nine U.S. states that have similarly broad legalization. Age limits, government involvement in distribution and sales, and access to banking are some big discrepancies. And, yes, Canadians will […]
By Jason Contant | June 26, 2018
4 min read
Manitoba Public Insurance (MPI) has requested a 2.2% overall rate increase for the 2019-20 insurance year in its general rate application (GRA), filed with the provincial Public Utilities Board. If approved, the average passenger vehicle owner will pay about $27 more in premiums per year as a result of the requested increase (or $2.25 per […]
By Jason Contant | June 22, 2018
The spectre of a Netflix-esque disruption of the property and casualty insurance sector is producing mixed reaction among Canadian executives. The Canadian P&C sector “may be” disrupted in a manner similar to how Netflix disrupted the movie rental industry or how Uber disrupted the taxi industry, said Urs Uhlmann, chief executive officer and country manager […]
By Greg Meckbach | June 18, 2018
3 min read
Insurance regulation expert Brian Reeve was elected this week to the board of directors of Echelon Financial Holdings Inc., a property and casualty insurer spun off in 2005 from subsidiaries of The Co-operators Group Ltd. Reeve is partner and chair of the corporate and regulatory insurance group of law firm Cassels Brock and Blackwell LLP. […]
By Greg Meckbach | June 15, 2018
If your home insurance client is an entrepreneur, consider what happens to that client’s business if his or her home basement gets flooded. A case in point is Laila and Zafar Ismaili, a married couple who own Enviro Digital Printing in Waterloo, Ont. The Ismailis came home one night in May, 2017 and discovered the […]
By Greg Meckbach | June 13, 2018
MONTREAL – A Montreal borough is bringing in new rules aimed at limiting the number of short-term rentals in the city’s downtown core. Councillors in the Ville-Marie borough voted in support of a new motion on Tuesday evening to restrict private tourist rentals such as those offered on Airbnb. The rules will limit new rentals […]
By The Canadian Press | June 13, 2018
Insurers are increasingly rejecting one-page appraisals for valuable property such as jewelry, artwork or antiques – and for good reason.
By Kelly Juhasz, Principal, Fine Art Appraisal + Services; and Darlene N. Wong, Personal Property Appraiser, Owner, Brilliant Evaluations & Appraisals | June 13, 2018
Travelers Canada has launched a new suite of services extending beyond insurance for small business customers. Legal assistance and human resources services will now be offered, at no extra cost, to help small business owners manage day-to-day activities fundamental to their growth and success, Travelers Canada said in a press release late last week. The […]
By Jason Contant | June 12, 2018
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