Industry

Why buying direct online is not for everyone

In this day and age, the way best way to buy insurance is the same way you select a movie to watch on Netflix, right? Elmira, Ont.-based broker Tim Waters doesn’t seem to think so. “This isn’t a product that should be bought from a computer,” said Waters, executive vice president of Programmed Insurance Brokers […]

By Greg Meckbach | August 14, 2019

2 min read

Search ends for crashed float plane in Labrador

JOHN’S, N.L. – The lengthy search for a downed float plane and its three missing passengers has been suspended, and officers who took part in the rescue effort have left the Labrador lake where the plane crashed last month, the RCMP said Tuesday. On-site search efforts concluded Aug. 8 and divers have left Mistastin Lake, […]

By Greg Meckbach | August 14, 2019

2 min read

How Sonnet’s working out so far for Economical

Direct writer Sonnet, launched three years ago by Economical Insurance, has doubled in size in one year. “We are getting a broader base of customers. It’s not just millennials,” Rowan Saunders, president and CEO of Waterloo, Ont.-based Economical, told Canadian Underwriter Monday. Economical reported Aug. 1 that Sonnet generated gross written premiums of $50.6 million during […]

By Greg Meckbach | August 13, 2019

2 min read

New laws needed to assign cyber fraud liability: Court

TORONTO – A deputy judge is calling for passage of clear laws on which innocent party should bear responsibility for financial losses related to cyberfraud. In calling for legislation, Ontario Deputy Judge Shane Kelford said it’s clear the law has yet to catch up with a growing problem. “In reviewing legal commentary on computer fraud, […]

By Greg Meckbach | August 13, 2019

3 min read