Industry
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 […]
By Canadian Underwriter | October 25, 2010
1 min read
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 […]
2 min read
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 […]
Claims
Ontario’s insurance regulator needs to get tougher on market misconduct, insurance company CEOs told brokers at the Insurance Brokers Association of Ontario (IBAO)’s 90th Annual Convention in Niagara Falls.Suggestions at the IBAO’s CEO panel discussion included:• a more transparent method to make brokers and the public aware of which companies are not in compliance with […]
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 […]
The Insurance Brokers Association of B.C. (IBABC) is acting as an intervenor in the province’s first complaint to the B.C. Privacy Commissioner about the use of credit scoring in an insurance transaction. Currently, it is legal for insurers in B.C. to use credit scoring for the purpose of underwriting insurance. IBABC has called for a […]
By Canadian Underwriter | October 21, 2010
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 […]
Tim Hudak, leader of the Ontario Progressive Conservative Party, has vowed to crack down on fraudsters working in the auto insurance system should he become premier. Hudak addressed the Insurance Brokers Association of Ontario’s 90th Annual Convention in Niagara Falls on Oct. 21, 2010.”I believe if you want to achieve real savings with auto insurance […]
The efficacy of waivers in reducing a company’s risk exposure is uneven in Canada, and is more likely to be effective in B.C. than in Ontario, according to Lorne Folick, senior partner at Dolden Wallace Folick LLP.Folick was discussing liquor liability, waivers and damage awards in an address to the AEGIS Coverholders Conference in Toronto […]
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