Cyber Update
Personal consumers may be more likely to eat the cost of a cyber scam. Nearly half of Canadians have fallen victim to cyber fraud.
By Alyssa DiSabatino | July 10, 2023
3 min read
Insights
The largest city in Canada and Ontario’s capital is an international business centre for finance, business, arts, and culture and now has a thriving start-up tech sector and ‘insurtech’ is a fast-growing component. Not many know that Toronto has been ranked fourth in North America in CBRE’s Tech Talent Rankings trailing only the Bay Area, […]
By BOXX | July 1, 2022
4 min read
High Net Worth
If you serve High Net Worth (HNW) clients, you don’t need to be told that serving this segment often requires a velvet touch. They are often aware of the value of their business and expect priority concierge type service. Here are three ways to make sure you’re fulfilling their expectations and building a long-lasting relationship. […]
By AVIVA Canada | November 3, 2021
Lifestyle
Personal lines clients who own Recreational Vehicles (RVs) need specialized insurance, and the coverage they need depends exactly on how the clients plan to use the units. Specialized RV coverage includes guaranteed replacement cost for newer trailers, emergency roadside assistance, Canadian snowbirds travelling south for the winter, and for those who are temporarily living in […]
By Jason Contant | August 13, 2021
Water is often touted as “the new fire,” but not in cottage country, where fire still ranks as the Number 1 cause of loss. “In personal lines, we have seen water become the new fire, or in some cases surpass fire, in terms of the leading cause of loss,” says Shawn Mckone, a senior manager […]
By Jason Contant | August 5, 2021
Avid cottage enthusiasts may benefit from some of the “bells and whistles” offered in a standalone policy, as opposed to simply attaching their recreational homes to existing homeowner policies, according to a lifestyle insurance expert at Aviva Canada. Benefits of a standalone policy include coverage for short-term cottage rentals, buildings constructed in or on water […]
By Jason Contant | July 29, 2021
With many people still working from home, one marine underwriter has seen the pleasurecraft line of business “take off.” But that doesn’t mean it’s smooth sailing for marine underwriting. It can still be difficult finding capacity for small- or mid-sized commercial risks, said MaryKate Townsend, manager and senior underwriter at Pacific Marine Underwriting Managers (PMU). […]
By Jason Contant | July 27, 2021
Clients looking for lifestyle products, such as boat or cottage insurance, are getting younger. How brokers can seize an opportunity
By David Gambrill | July 22, 2021
A couple who discovered a leaking bathtub after moving into their new home cannot get compensation from the sellers. A “reasonable inspection” would have revealed a water problem before Tyler and Keva Luscombe bought their home in 2020, the British Columbia Civil Resolution Tribunal ruled in Luscombe v. Harris, a decision in a $3,800 small claim […]
By Greg Meckbach | July 21, 2021
Boat technology now is following the same trajectory as car technology did 10-15 years ago, with the same claims patterns starting to emerge.
By David Gambrill | July 16, 2021
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