Industry

Repair cycle times in Canada: Where it takes the longest to get a car fixed

Alberta is the only Canadian province where the average days billed for rental vehicles increased in 2020 Q4, according to a recent report. And it appears to be thanks to the almost $2 billion in insured damages the province suffered last year as a result of Fort McMurray flooding and the country’s worst-ever hailstorm. Enterprise-Rent-A-Car […]

By Adam Malik | April 8, 2021

3 min read

Three large Canadian brokerages announce separate M&A deals

Three large Canadian brokerages have announced recent acquisitions of other brokerages. On Thursday, Westland Insurance reported it closed its acquisition of MBS Insurance Brokers, effective Apr. 1. Navacord Corp. added LL Renaissance Insurance Brokerage Canada Limited to its ranks, while Cal LeGrow and Synex Business Performance acquired GoToInsure.ca in a deal announced Mar. 30. Westland’s […]

By Jason Contant | April 8, 2021

2 min read

Brokers: pay attention to these insurance fraud ‘red flags’

If your client is trying to rush the insurance buying process or is not concerned about price, that’s often a red flag that the transaction is fraudulent, RSA told Canadian Underwriter recently. “We know the majority of customers aren’t looking to defraud anybody, but the brokers’ experiences teach them when something feels wrong,” Lori Craig, […]

By Jason Contant | April 7, 2021

4 min read

Canada’s P&C industry can’t shoulder the losses of the next earthquake by itself

Canada isn’t financially prepared to handle a major earthquake whenever it may come, says an industry observer. As a result, the property and casualty industry is at risk without a plan in place. Models are painting a grim picture of the potential for damage caused by an earthquake disaster, warns Alister Campbell, president and CEO […]

By Adam Malik | April 7, 2021

3 min read