Operations
How much does it — or should it — cost you to acquire a new client? Out of many leads you attract to the brokerage, how many of those sales actually close? If you can’t answer these questions, you are already playing catch-up with brokerages and carriers that have a firm grasp of these key […]
By David Gambrill | March 2, 2018
3 min read
A B.C. broker has been fined $2,500 and ordered to complete a privacy compliance course after it was discovered that she was storing client documents in the locked garage of her home. Her time-honoured, paper-based method of storing documents came under review during an Insurance Council of B.C. investigation into whether she had taken confidential […]
By David Gambrill | February 20, 2018
2 min read
Canadian brokers are playing a game of “wait and see” as they prepare for the arrival of Colm Holmes, Aviva Canada’s new president and CEO, a Canadian Underwriter poll suggests. Aviva Canada announced this month that Greg Somerville is stepping back from his role as president and CEO to become a non-executive director of Aviva […]
By David Gambrill | January 29, 2018
A B.C. broker has had his licence cancelled for five years after the provincial broker regulator found that he had participated in a kickback scheme involving a potential preferred vendor for the brokerage. Bhupinder Singh Atwal, assistant vice president at the unidentified brokerage, worked primarily in the new-home warranty division of the brokerage, but was […]
By David Gambrill | January 11, 2018
Brokers who co-own their businesses with family members should consider paying their children and spouses extra dividends before popping the champagne cork this New Year’s Eve. The federal government plans to expand the tax on split income (TOSI), which currently applies to business owners’ minor children, effective Jan. 1. Finance Minister Bill Morneau released Wednesday […]
By Canadian Underwriter | December 13, 2017
MONTREAL – Airbnb and the province of Quebec have announced what is being called a first tourist tax agreement on short-term rentals in Canada. Quebec Tourism Minister Julie Boulet and officials with the Canadian arm of the home-sharing platform made the agreement official today. Beginning Oct. 1, Airbnb will automatically collect and remit a 3.5 […]
By The Canadian Press | August 29, 2017
1 min read
OTTAWA – Economic growth in the country blew past expectations in May, powered by the energy sector, raising expectations that the Bank of Canada will raise interest rates again this fall. Statistics Canada said Friday that real gross domestic product grew by 0.6 per cent for the month. Economists had expected an increase of 0.2 […]
By Jason Contant | July 28, 2017
KAMLOOPS, B.C. – Hundreds of Canadian Armed Forces members will support the police response to devastating wildfires in British Columbia, bringing some relief to scores of exhausted officers on the ground. About 225 soldiers travelled on Thursday from CFB Edmonton to Williams Lake, where they will assist the RCMP with observation and reporting along access […]
By The Canadian Press | July 21, 2017
4 min read
VERNON, B.C. – The BC Wildfire Service is responding to two separate blazes that broke out on Tuesday, including one that has prompted an evacuation alert. A fire in the north Okanagan, northwest of Lumby, was fanned by high winds and officials say it has now charred as much as eight hectares of trees and […]
By The Canadian Press | May 24, 2017
Distributed denial of service (DDoS) attacks in the first quarter of 2017 were growing shorter, more complex and persistent, according to a new report released on Monday. Redwood Shores, Calif.-based Imperva released on Monday its 2017 Q1 Global DDoS Threat Landscape Report, analyzing more than 17,000 network and application layer DDoS attacks (3,457 network layer […]
By Canadian Underwriter | May 23, 2017
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