Whether it’s a solar or wind turbine farm, or any other energy-related facility, an insurer expert is raising red flags about the quality of people at job sites. Underwriters care about a site and its propensity to be hit by bad weather — such as hail, fire or hurricane — as well as whether there […]
By Adam Malik | July 19, 2021
3 min read
Understanding the relationship between your in-person and online communities is a lesson that one brokerage is taking away after 16 months of change when it comes to marketing and attracting new clients. COVID-19 was declared a global pandemic on March 11, 2020. Soon after, many brokerages had sent employees to work from home. At the […]
By Adam Malik | July 16, 2021
2 min read
Bigger and more complex construction projects — especially those in established communities — are giving property and casualty insurance industry professionals in Canada a collective headache, says an industry expert. Construction projects have increased in complexity in recent times due to their size and where they’re taking place. That’s creating new risks for insurers, according […]
By Adam Malik | July 16, 2021
3 min read
Webinars are here to stay, says a brokerage executive. Many organizations turned to webinars following the onset of the global COVID-19 pandemic in March 2020. It was a way to connect, share information, and maintain a foothold in providing expert opinion and research. But after the pandemic passes, once lockdown restrictions ease and in-person events […]
By Adam Malik | July 14, 2021
2 min read
Older green energy equipment is not equipped with the latest technology to protect it from increasingly severe weather events, meaning more claims activity for insurers, according to an expert in the area. Insurers have been seeing the effects of climate change on the property side of their books for some time, but now they are […]
By Adam Malik | July 13, 2021
2 min read
Canada’s lack of skilled workers means construction projects may not be hitting the mark in terms of quality and craftsmanship, leading to the greater likelihood of an insurance claim. It’s already happening, observes Darren Tasker, head of energy and construction in Canada for Allianz Global Corporate & Specialty. “We saw it from the insurance side […]
By Adam Malik | July 12, 2021
3 min read
How brokers view their work is changing, and brokerage principals need to keep pace with these new expectations, says an executive at Ontario’s broker association. Employers in industries across the board are figuring out how (and whether) their staff will return to the office. If brokerages haven’t already started planning their return to the office, […]
By Adam Malik | July 9, 2021
3 min read
COQUITLAM, B.C. — British Columbia Premier John Horgan says he will lobby Prime Minister Justin Trudeau to deploy Canada’s military to help clear fire danger zones to prevent future wildfires. Trudeau and Horgan met Thursday with local government and First Nations leaders to discuss the recent wildfire devastation in the village of Lytton and the […]
By Adam Malik | July 9, 2021
3 min read
Virtual meetings during the pandemic have allowed brokers to conduct more structured client meetings with a sharper focus, according to an expert from Aon. Sixteeen months ago, at the onset of the global pandemic, video meetings produced some confusion because everyone was dealing with an unfamiliar situation, Bill Besse, chief client officer, commercial risk solutions […]
By Adam Malik | July 8, 2021
2 min read
The top public health official in Ontario’s Niagara Region says he wants the U.S.-Canada border to stay closed until the fall even as local business leaders and politicians call for the opposite to support the area’s tourism-reliant economy. Dr. Mustafa Hirji said the risk of reopening the border this summer is too great, especially with […]
By Adam Malik | July 8, 2021
3 min read
Now that the global pandemic has expedited the use of artificial intelligence in auto insurance claims processing, carriers are left with a simple choice, according to one industry AI expert — invest or be left behind. The promise of processing claims through AI has been some time in the making, said Olivier Baudoux, senior vice […]
By Adam Malik | July 7, 2021
3 min read