Legal / Regulation
A federal government task force on flood insurance is leaning toward the public insurer and layered public insurer models of flood insurance programs for Canada. The public insurer model features a Crown corporation that underwrites comprehensive flood insurance through the insurance industry as an intermediary, with an automatic government backstop. Unlike models in which a […]
By Alyssa DiSabatino | August 30, 2022
4 min read
Operations
Just as COVID-19 is easing, the threat of a recession means bankruptcies will rise and businesses to will have a hard time getting insurance
By Phil Porado | August 30, 2022
3 min read
The province’s law enforcement stopped 497 impaired drivers, including 292 drivers who were charged with Criminal Code offences this July, according to SGI’s Traffic Safety Spotlight.
By Alyssa DiSabatino | August 29, 2022
2 min read
Product orders from giant online retailers like Amazon are now being filled and shipped from Canada – proof the logistics chain is evolving.
By Phil Porado | August 29, 2022
Lloyd’s ‘remedial’ actions are working — after turning its first underwriting profit last year since 2016, Lloyd’s market is expected to have a robust underwriting performance in 2022 through 2024 as rates harden across many lines, predicted credit-rating agency S&P Global. Much of the improvement in Lloyd’s underwriting performance has been a reflection of […]
By Alyssa DiSabatino | August 25, 2022
This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Inflation is one of the most pressing political and economic issues of the moment, but there are many misconceptions about how inflation is measured, where it […]
By Alyssa DiSabatino | August 24, 2022
5 min read
Navacord Corp. has appointed Greg Irvine into the newly created role of president of MGA underwriting solutions, effective Sept 6, 2022.
By David Gambrill | August 24, 2022
HR
“The customer is always right.” But what if the customer is rude, angry, or even hostile? How should brokers and their managers cope?
By David Gambrill | August 23, 2022
Tech
Insurtech investments fell by 79.6% in 2021, leading to job losses and tough economic conditions for the sector in the first half of 2022 thanks to a “combination of factors,” said GlobalData’s Deals Database. This follows after Gallagher Re found earlier this month that insurtech investment dropped by half in Q2 from the year prior, […]
By Alyssa DiSabatino | August 22, 2022
A B.C. broker has been suspended for one year for misrepresenting the principal driver of her personal vehicle on several ICBC policies.
By David Gambrill | August 18, 2022
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