Industry
Cross-selling is a huge untapped potential for insurers, particularly since consumers overwhelmingly want a single insurer to meet all of their policy needs, according to a new survey. Insurers frequently contact their customers, though rarely for cross-selling. In Canada only 4-5% of survey respondents said their insurer contacted them regarding additional coverage, even though about […]
By Jason Contant | July 23, 2019
2 min read
Editor’s Note: This article is reprinted with permission from Truck News A national review by Facility Association, an insurer of last resort for fleets that can’t secure coverage elsewhere, is looking to keep trucking companies from misrepresenting themselves when negotiating insurance premiums. The Ontario Trucking Association (OTA) and selected insurers began to shine a […]
3 min read
EDMONTON – Alberta storm chaser Chris Kiernan has hardly had a moment’s rest since the start of the tornado season last month. “This season has been quite more active,” said Kiernan, who is based out of Beaumont, Alta., about 30 kilometres south of Edmonton. “In the last two weeks, I have been out for the […]
Scott Carmilani, until recently CEO of Allied World Assurance Company Holdings GmbH, has a new role with Fairfax Insurance Group, Toronto-based Fairfax Financial Holdings Ltd. announced last week. Fairfax owns about two-thirds of Zug, Switzerland-based Allied World. Replacing Carmilani as CEO of Allied World is Lou Iglesias, previously president of Allied World, which writes reinsurance and […]
By Greg Meckbach | July 22, 2019
Media personality Kylie Jenner caused a stir last year when she asked on Twitter if anybody still uses messaging app Snapchat. “She’s obviously such a strong [social media] influencer that I think it was alleged that she single-handedly wrote $1.3 billion off Snapchat’s market value overnight,” said Nathan Rose, senior underwriter and business development specialist […]
By Jason Contant | July 22, 2019
CAA Travel Insurance has introduced two new endorsements for thrill-seekers and travellers with pre-existing conditions. The products, an Adventurous Air Activities Rider and a Seven-Day Pre-Existing Condition Rider, include coverage that is not typically available in standard travel insurance policies, said a press release from CAA South Central Ontario (CAA SCO). The endorsements will be […]
By Jason Contant | July 19, 2019
Ontario’s government is considering changing how insurance applies to vehicle subscription services. Included in the provincial government’s 2019 budget document released in April was a proposal “enabling innovation and new business models to give drivers more options, such as car subscription services that include insurance.” Increasingly popular car subscription services like Zipcar and Car2go allow […]
Artificial intelligence is going to have a big impact on adjusters, actuaries and insurance agents, but it won’t necessarily kill their jobs, an AI expert suggests. But lower-skilled jobs may be in jeopardy. “Jobs at call centres are going to disappear slowly with chatbots,” predicts Eli Fathi, co-founder and CEO of Ottawa-based MindBridge Analytics Inc., […]
By Greg Meckbach | July 19, 2019
Ontario has appointed a special adviser on flooding to recommend ways the province can reduce the impacts of flooding and help communities deal with them. Doug McNeil is a former Manitoba deputy minister of infrastructure and transportation and held senior positions at the Manitoba Floodway Authority. He will be paid up to $60,000 and will […]
An Ontario auto insurer is out more than $500,000 after a motorist hit a cyclist, causing soft-tissue injuries. In St. Marthe v. O’Connor, released this past Monday, Ontario Superior Court Justice Patrick Hurley awarded Peter St. Marthe $380,000 (including sales taxes and disbursements) for his legal bills alone to pursue his tort claim. St. Marthe […]
By Greg Meckbach | July 18, 2019
4 min read
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