Risk
Commercial brokers looking to place insurance for cannabis providers should be paying close attention to the information their clients keep on medical marijuana patients. Cannabis regulations announced last week will supersede the Access to Cannabis for Medical Purposes Regulations once the regulations take effect this October. What may be interesting to cyber insurance providers is […]
By Greg Meckbach | July 17, 2018
2 min read
Norfolk Mutual Insurance Company and Wabisa Mutual Insurance Company in Ontario have voted to amalgamate under the new name ‘Nova Mutual.’
By David Gambrill | July 13, 2018
It’s all well and fine if your homeowner clients have backwater valves, but are they alarmed? An alarm that tells occupants that a backwater valve has been activated “can be a very simple way to let people know if the water they’re using in their home is actually running down the drain or not,” Toronto-based […]
By Greg Meckbach | July 12, 2018
3 min read
OTTAWA – The Bank of Canada raised its benchmark interest rate Wednesday in an economy that it predicts will remain resilient even as it faces an even bigger bite from deepening trade tensions. The rate hike was the central bank’s first interest rate move in six months and lifted the trend-setting rate to 1.5 per […]
By Canadian Underwriter | July 11, 2018
4 min read
TORONTO – A raised bit of concrete on a sidewalk. An icy patch on the road. A misstep on the stairs at home. All of these can lead to accidental falls – landing a person not only on the ground, but often also in hospital. Unintentional falls are the most common form of injury across […]
By Jason Contant | July 5, 2018
Improving distribution and exploring sophisticated technologies such as artificial intelligence are among the major reasons why insurance CEOs are looking to make deals such as mergers and acquisitions these days. But some of these objectives can be accomplished through other, less elaborate means – through partnerships, for example, or minority share acquisitions. Four in five […]
By Greg Meckbach | July 4, 2018
Is the traditional hard market “broken”? Insurance pricing cycles have all but evaporated over the past decade, with premium rates during this period showing an overall decline. The trend is illustrated once again in the 2018 Risk and Insurance Management Society (RIMS) Benchmark Survey, which shows that the total cost of risk (TCOR) for North […]
By David Gambrill | June 27, 2018
Catastrophe Indices & Quantification Inc. (CatIQ) has launched Canada’s first ever insurance Industry Exposure Database (IED), developed with support from the Canadian property and casualty insurance industry and in partnership with Zurich-based PERILS AG. The IED contains 2016 and 2017 year-end estimates of Canadian industry property sums insured by: “The unprecedented level of detail available […]
Economical Insurance has made history as the first property and casualty insurer in Canada to officially ask the federal government for permission to demutualize. The Waterloo, Ont.-based carrier announced Tuesday it has submitted a proposal to the country’s financial regulator to convert from its current status (collective ownership by a small minority of policyholders) to […]
By Greg Meckbach | June 27, 2018
Look for consolidation to continue within the Canadian property and casualty insurance industry, senior industry executives predicted at a recent conference. Also, expect insurers to take on a greater role in distributing the products. Speaking about consolidation, Adam Mitchell, the principal of Whitby, Ont.-based Mitchell & Whale Insurance Brokers Ltd., likened the P&C industry right […]
By Greg Meckbach | June 25, 2018
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