Industry
Brokerage consolidation has exploded, with at least six acquisitions announced across Canada in the past week. Most recently, large brokerage Westland Insurance Group announced Wednesday the closing of four deals, adding new retail offices in British Columbia, Alberta and Manitoba. “These acquisitions strengthen our presence in western Canada and for the first time provide us […]
By Jason Contant | September 3, 2020
4 min read
MONTREAL – A Montreal-area town says its insurance company is suing the maker of a dike that burst last spring, flooding streets and forcing thousands of residents from their homes. Officials from Ste-Marthe-sur-le-Lac said Tuesday legal action has been filed against the firm Gendron Lefebvre, which was responsible for work carried out in 1979. The […]
1 min read
MONTREAL – A Quebec law firm is launching a $10-million class-action lawsuit on behalf of the alleged victims of a former Montreal police officer and hockey coach who died awaiting trial on sex-related charges. The request for authorization filed Tuesday alleges Francois Lamarre sexually abused dozens or possibly hundreds of children over a 30-year period, […]
By Jason Contant | September 2, 2020
3 min read
Hub announced the acquisition of Grande Prairie, Alta.-based Elevate Insurance Brokers Wednesday. Elevate is a locally-owned, independent full-service brokerage that provides home, auto, recreational vehicle and business insurance. Elevate Insurance president Pierce Krol and partner Otilja Majewski will join Hub International Insurance Brokers, a division of Hub International Canada West ULC (Hub Canada West). Krol […]
2 min read
This year so far is on track to be the worst year in a decade for serious/catastrophic injuries, government auto insurer Manitoba Public Insurance (MPI) reported Friday. While traffic volumes still remain relatively low due to the COVID-19 pandemic, many drivers have dramatically increased their speeds, MPI said in a press release. The majority of […]
By Jason Contant | September 1, 2020
CANAL FLATS, B.C. – Wind gusts fanned the flames of a wildfire near a village at the southern end of Columbia Lake in British Columbia late Saturday, increasing the size of the blaze by about four square kilometres. The BC Wildfire Service says winds increased the size of the Doctor Creek fire to about 58 […]
A good insurtech will let its insurance partner take its product for a test drive and easily provide referrals, insurtech leaders said during a recent webinar. If an insurance carrier or broker is dealing with an insurtech company that isn’t doing those things — or is engaged in other activities that raise red flags — […]
By Adam Malik | September 1, 2020
One week after retiring as president and chief operating officer of Pembridge and Pafco insurance companies, 40-year industry veteran J.R. (Bob) Tisdale has joined the board of the independent adjusting firm CRU Group. Gary Winston, founder and chair of the board of directors of CRU Group, announced the appointment Aug. 25. “Bob is an industry […]
By Jason Contant | August 31, 2020
CALGARY – Meltwater from shrinking glaciers is creating vast lakes that could eventually pose an enormous flooding threat, says newly published research. “Unsurprisingly, we found those lakes are growing,” said Dan Shugar, a geographer at the University of Calgary. “What was surprising was how much.” The fact that glaciers around the world are shrinking due […]
A common blunder the insurance industry makes when working with an insurtech is mistakenly expecting the partnership to be a one-size-fits-all for every issue they’re facing, according to insurtech leaders. In fact, experts said during a recent webinar, you are better off partnering with multiple insurtechs to tackle multiple problems. In other words, work with […]
By Adam Malik | August 28, 2020
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