Legal / Regulation
Underwriters are paying close attention to how privately-held companies will respond to the feds' phase-out of COVID relief benefits
By David Gambrill | July 9, 2021
3 min read
Tech
With a large number of employees working from home during the pandemic, commercial clients need some way of assigning a risk score to the cyber exposure posed by their users, software applications, and hardware devices, a Canadian information technology security expert suggests. “In this day and age, many organizations are using SaaS [software as a […]
By Greg Meckbach | July 9, 2021
2 min read
Operations
A court decision in Teksavvy points the way to how to block an online website operated by unlicensed professionals, such as brokers.
By Greg Meckbach | July 8, 2021
6 min read
Nova Scotia motorists could be out of luck when they try to renew their auto insurance if they got caught more than once using a hand-held gizmo when they should be paying attention to the road. In a ruling posted June 30, the province’s utility review board approved an application from The Dominion of Canada […]
By Greg Meckbach | July 6, 2021
Canada’s competition regulator is reviewing the proposed merger of global brokerages Aon plc and Willis Towers Watson plc, but the federal government is not saying whether it has actually received any complaints. The US$30-billion deal, originally announced in March 2020, was approved by shareholders of Aon and Willis Towers Watson in August 2020. If completed, the […]
By Greg Meckbach | July 5, 2021
Marsh was still the world’s biggest brokerage in 2020, even after more than 700 merger deals got done last year, A.M. Best Company Inc. reports in Top Global Insurance Brokers – 2021 Edition, released July 1. Quoting from Optis, A.M. Best said the COVID-19 pandemic did not slow down merger and acquisition activity in the […]
Brokers wanting to take advantage of artificial intelligence and machine learning need large amounts of data and to hire the correct experts. If a company wants to effectively build and deploy artificial intelligent and machine learning systems, it needs a large data set, Joe McKendrick wrote in The Data Paradox: Artificial Intelligence Needs Data; Data […]
By Greg Meckbach | June 30, 2021
Some Fortune 1,000 commercial clients really have a choice of essentially three brokers – Aon, Marsh or Willis – if they are looking for a complete insurance package, a consultant for the insurance industry suggests. In a recent court filing, the United States Department of Justice identified five distinct markets in which the DoJ claims […]
In trying to block Aon plc’s proposed acquisition of Willis Towers Watson plc, the United States competition regulator is off the mark in how it describes the world’s three-biggest property and casualty commercial insurance brokerages, suggests a senior executive with one of Canada’s largest brokerages. The U.S. Department of Justice (DoJ) announced June 16 it […]
By Greg Meckbach | June 23, 2021
After eight years in Quebec with April Canada, Sebastien Gabez is leaving the Canadian operations to join April in the Caribbean, effective July 1, 2021. After being the managing general agency’s CEO for the past three years, he is handing over the reins to Daphné de Vitton, who joined April Canada about two years ago […]
By David Gambrill | June 23, 2021
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