Claims

Inflation and higher interest rates may alter P&C market

A one-two punch delivered by inflation and the resulting interest-rate increases could have several impacts on Canada’s P&C sector, including on claims costs, expense ratios, investment returns and the continued viability of the current hard market. Nearly all major industrialized economies are now wrestling with record or near-record inflation, due largely to supply chain disruptions […]

By Phil | August 2, 2022

3 min read

More B.C. heat records fall, conditions prompt flood watch

VANCOUVER – Temperature records are melting across British Columbia as a prolonged heat spell grips the province but Emergency Management BC says it is not anticipating an extreme heat emergency. A statement from the agency says residents should monitor temperature forecasts and take advantage of cooling stations set up in many communities but it’s not […]

By Jason Contant | July 28, 2022

3 min read

Why Marsh is optimistic about the cyber market

Global brokerage Marsh is cautiously optimistic cyber’s hard market will eventually stabilize and insurers will soon be able to reward clients who have strong cyber controls with lower increases. “Market conditions are expected to remain challenging for the foreseeable future given ongoing accumulation and systemic risk concerns,” reads Marsh’s Q2 2022 US and Canada Cyber […]

By Alyssa DiSabatino | July 27, 2022

2 min read

Brokerage E&O 101: How to win lawsuits against evasive clients

Taking notes and attaching them to a client’s file as part of an everyday business practice allowed a veteran broker at Wyatt Dowling Insurance Brokers to win a lawsuit launched by her client over two cars that burned up in a garage fire. The client insisted he told his broker about the uninsured race cars […]

By David Gambrill | July 27, 2022

4 min read