Industry
Brokers need to do more of the grassroots style of communication with their clients that made the channel so successful in the first place, proprietary research by the Insurance Brokers Association of Ontario (IBAO) suggests.IBAO CEO Randy Carroll and IBAO director of operations Paul Taylor both presented the research results at the 89th annual convention […]
By Canadian Underwriter | October 23, 2009
2 min read
Direct writers obtain no benefit from using credit scores when pricing or underwriting, Charles Brindamour, president and CEO of Intact Insurance, told delegates at the Insurance Brokers Association of Ontario (IBAO)’s 89th annual convention in Toronto.Speaking as a member of the CEO panel, Brindamour was asked if the use of credit scoring for pricing favours […]
Although a broker might not remember each and every insurance application he or she fills out, it is imperative for legal reasons that every application for insurance be filled out the same way, Stephen Scullion, director of professional development at Crawford & Company (Canada) Inc., said at the 2009 IBAO Convention in Toronto on Oct. […]
Claims
Nova Scotia’s Cdn$2,500 cap on claims payments for minor auto injuries will be scrapped, it’s just a matter of when, the province’s new premier has suggested to the Independent Broker Association of Nova Scotia (IBANS).Nova Scotia Premier Darrell Dexter, a personal injury lawyer, swept into power in June 2009 with a mandate to eliminate the […]
By Canadian Underwriter | October 22, 2009
Members of the Insurance Brokers Association of Ontario (IBAO) who do not support the association’s call for an “outright ban” on credit scoring need to “get in the game,” IBAO president Peter Blodgett said in a speech made at the IBAO’s 89th annual convention in Toronto.The IBAO in May 2009 called on Ontario’s insurance regulator […]
PuroClean has announced an expansion strategy that calls for 40 franchise locations throughout Canada over the next five years. Within the last six months, the property emergency services provider opened a Canadian headquarters in Markham, Ont. in addition to six new franchises in the Toronto market for a total of seven existing franchises in the […]
1 min read
The Office of the Superintendent of Financial Institutions (OSFI) is testing the practicality of the market and credit risk components of its proposed minimum capital test.A working group is now undertaking the first quantitative impact study for the new Minimum Continuing Capital and Surplus Requirements (MCCSR).The study covers the market and credit risk components of […]
Health Canada has approved a pandemic H1N1 flu vaccine. The federal health regulator and the Public Health Agency of Canada are currently working with provincial and territorial governments to deliver the H1N1 flu vaccine to health care facility sites so that immunization programs can get underway.National recommendations on the use of H1N1 flu vaccine include:• […]
By Canadian Underwriter | October 21, 2009
There is no such thing as a bullet-proof risk management program, but careful consideration of potential risks go a long way to bettering the speed and quality of a response, said Richard Worzel, futurist, told delegates during an Ontario Risk and Insurance Management Society (ORIMS) session.Worzel is a futurist — not someone who predicts the […]
CatastroPhone has launched an emergency response telecommunication service platform that enables “nearly instant” restoration of business’ incoming telephone call handling and distribution when systems are damaged, destroyed or rendered inaccessible.The venture is a collaboration between Fibernetics Corp and MMI, both of Waterloo, Ont.In a disaster situation, subscribers to CatastroPhone visit or call the Emergency Response […]
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