Industry
Nova Scotia’s insurance regulator has approved RSA Canada’s proposed introduction of a “Quality Rating Factor” (QRF), which uses credit scoring for rating auto insurance. RSA Canada’s proposed QRF, obtained with the client’s consent, will only apply to writing new auto business, not existing business. The board noted that it has already approved the use of […]
By David Gambrill | March 16, 2021
3 min read
Legal expense insurance company ARAG Group has announced that it will be acquiring competitor DAS Legal Protection in Canada. The deal was announced Tuesday in a move that will see the German-based company acquire the Canadian MGA. Terms of the deal were not disclosed. DAS managed premiums of about $29.3 million in 2019, according to […]
By Adam Malik | March 16, 2021
Hospitality clients are starting to get coverage from multiple carriers on a subscription basis through the Business Insurance Action Team, says the CEO of one of the participating insurers. Cambridge, Ont.-based Gore Mutual is participating in the BIAT, launched in October 2020 by the Insurance Bureau of Canada. The BIAT helps clients in the hospitality and […]
By Greg Meckbach | March 15, 2021
A former Alberta broker has been ordered to pay a civil penalty of $5,000 for omitting and/or withholding client information on insurance application forms to get a better deal for her clients. The Alberta Insurance Council had already revoked Heather Martinson’s general level 2 broker certificate on Oct. 4, 2019 — one day after the […]
By David Gambrill | March 15, 2021
2 min read
During the pandemic, in the absence of being able to meet job candidates face-to-face during the hiring phase, it’s best to arrange multiple meetings to get a better sense of what your new recruits are like, and whether they are a good fit for your office culture, a brokerage human resources leader suggests. Despite the […]
By Adam Malik | March 15, 2021
DEARBORN, Mich. – Ford Motor Co. has issued two safety recalls involving more than 2.6 million vehicles in North America, including nearly 275,000 in Canada, mainly over airbag problems. One recall involves Takata driver-side front airbags for 2006-12 Ford Fusion, 2007-10 Ford Edge, 2007-11 Ford Ranger, 2006-11 Mercury Milan, 2006-12 Lincoln Zephyr/MKZ and 2007-10 Lincoln […]
By Jason Contant | March 15, 2021
1 min read
Despite a big increase in road injuries and fatalities following the switch to Daylight Savings Time (DST), 40% of Canadians are unaware of the risks on the road the day after DST begins, according to a new survey commissioned by RSA Canada and Gallagher in Canada. The Canadian Centre for Occupational Health and Safety reports […]
By Jason Contant | March 12, 2021
Although the claims adjusting profession has undergone a lot of change over the last decade, last year was unlike any other, CRU Group executive vice president Skip McHardy said during a recent web conference. In particular, COVID-19 highlighted the need to review the process for accommodating additional adjusters when a catastrophe strikes, and it focused […]
By Adam Malik | March 12, 2021
Debbie Thompson, Manager, Risk and Insurance, Ontario Ministry of Government and Consumer Services Canada’s P&C insurance industry is making good progress on increasing female representation of women in the C-suite, but more needs to be done to mentor future women as leaders, a former brokers’ association president suggests. “We have to try to get rid […]
By Greg Meckbach | March 12, 2021
Heena Patel, Senior Vice President, Chief Auditor, RSA Canada Advertising to more potential job candidates and raising awareness among managers about unconscious bias are among the measures the property and casualty insurance industry can take to help women advance into the C suite, says Heena Patel, senior vice president and chief auditor at RSA Canada. […]
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