Industry
There is an increasing risk exposure for larger commercial hospitality establishments that fail to prevent assaults, according to Lorne Folick, senior partner at Dolden Wallace Folick LLP.Folick, an insurance defence counsel in B.C., was discussing liquor liability, waivers and damage awards in an address to the AEGIS Coverholders Conference in Toronto on Oct. 19.”This is […]
By Canadian Underwriter | October 25, 2010
2 min read
ACE Canada observed the 25th anniversary of its parent company, ACE Group, by participating in a global day of service.More than 7,500 ACE employees in 46 countries participated in more than 200 volunteer projects on Oct. 22.In Canada, ACE employees volunteered with the following organizations:• East Scarborough Boys and Girls Club – assisted the agency […]
1 min read
Chesterfield Canada Inc. has announced its sponsorship of Ontario Hockey League Player Dalton Smith.Smith is in his second season with the Ottawa 67’s. He has scored 21 goals and added 23 assists for 44 points in 62 games.”What attracted us to Dalton is his offensive punch, but the strongest asset of his game is perhaps […]
Online blogging is now more important than ever for attracting new clients and building consumer loyalty to a brand, according to Web consultant and journalist Amber MacArthur. MacArthur, who hosts the CP24 television program Web Nation, was speaking on the ‘Dos and Don’ts of Social Media and Web 2.0′ at the Insurance Brokers Association of […]
Companies using predictive models for underwriting may be making it more difficult for the public to understand how their premiums are derived, and thus making it more difficult for brokers to explain the rating process to consumers.CEOs of insurance companies discussed the issue, which was raised by brokers, during the Insurance Brokers Association of Ontario […]
By Canadian Underwriter | October 22, 2010
3 min read
The higher standard of care owed by brokers to consumers as a result of the auto reforms will result in trial lawyers suing brokers “big-time” for failing to properly explain optional benefits to their clients, according to Richard Halpern, partner at Thomson Rogers LLP.Halpern, a board member of the Ontario Trial Lawyers Association (OTLA), spoke […]
Insurers should be able to purchase brokerages to ensure the survival of brokerages in the marketplace, argued Louis Gagnon, president of Intact Insurance.Gagnon expressed his controversial view during the CEO Panel at the Insurance Brokers Association of Ontario’s 90th Annual Convention in Niagara Falls on Oct. 21.His opinion is in stark contrast to the other […]
Brokers still need to develop a much stronger Web presence, although there are signs they are starting to use online tools and resources more frequently, according to Bryan Yetman, president of the Insurance Brokers Association of Ontario (IBAO).Yetman made his remarks at the IBAO’s 90th annual convention in Niagara Falls on Oct. 20.”From a technological […]
By Canadian Underwriter | October 21, 2010
Hagerty Classic Marine has expanded its collector boat insurance operations into Canada. Underwritten by Elite Insurance Company (a member of the Aviva Canada group of insurers), the new program is now available in Ontario and will be rolled out over the next year in other provinces. “In speaking with Canadian collectors at shows and club […]
By Canadian Underwriter | October 20, 2010
Soft market conditions persisted in the United States during 2010 Q3, although the rate of the price decreases slowed, according to the RIMS Benchmark Survey. Every line of insurance tracked by the Advisen-administered survey posted a decrease in average premium. General liability insurance, however, posted only a nominal decrease compared to the rest of the […]
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