Industry
Hub International Ltd. has reached fifth place worldwide on A.M. Best Company Inc.‘s ranking of brokerages. Hub was formed in 1998 through the merger of 11 Canadian brokerages and has since moved its head office to Chicago. It acquired 13 brokerages in Canada in 2018, A.M. Best reported in “Top Global Insurance Brokers,” an article […]
By Greg Meckbach | July 5, 2019
2 min read
Expect the low-interest-rate environment to continue for at least two more years, Swiss Re warned Thursday. “Insurers will continue to operate in a low-interest-rate environment for the next two years at least, meaning that industry profitability will remain under pressure,” Swiss Re predicted in World Insurance: The Great Pivot East Continues, a sigma report released […]
CALGARY – The owner of a Calgary gas station is dead after emergency authorities say it appears he was accidentally run over by a vehicle in the station’s car wash. The 64-year-old man was pronounced dead at a Centex outlet in the city’s southwest around 1 p.m. Wednesday. Police believe a driver intended to pull […]
1 min read
Artificial intelligence and machine learning are changing the landscape for pre-fill data in Canada — literally. “Through artificial intelligence and deep learning techniques… we’re able to train computers to recognize that this is a two-storey structure, not a one-storey structure or a bungalow or a ranch bungalow,” Greg McCutcheon, president of Opta Information Intelligence, said […]
By Jason Contant | July 4, 2019
3 min read
A raging forest fire in northwestern Ontario has prompted the full evacuation of the First Nation community of Keewaywin, authorities said on Thursday. More than 200 residents considered vulnerable had already been flown this week to Sioux Lookout, Ont., as the fire moved closer, while roughly 200 more were being sent to another city Thursday. […]
By Greg Meckbach | July 4, 2019
Commercial coverage for advertising liability could be a little broader than some underwriters may think. In a decision rendered on a coverage dispute, British Columbia’s appeal court ruled on June 28 that Lloyd’s Underwriters has a duty to defend Blue Mountain Log Sales Ltd. and parent firm Clark Group from a lawsuit in Washington state. […]
By Greg Meckbach | July 3, 2019
4 min read
If open banking is on your radar screen, Senator Colin Deacon would like to hear from you. “I would love to have a conversation within [the property and casualty insurance] sector to talk with your sector leaders at some point, just to understand where they see this going,” Deacon said of open banking in a […]
Feeling threatened by insurers who invest in a direct-to-consumer channel? Debate rages on about how much of your lunch directs could possibly eat, with commentators citing limits to the direct model. “I think there is always going to be a place for the broker – for the knowledge they bring, for the experience they bring […]
By Greg Meckbach | July 2, 2019
Some claims disputes can be prevented entirely with better communication between clients and insurers, suggests an engineer for a firm that investigates property damage. “I couldn’t put a number on it, but I would say a large number of the disputes that we see are related to not communicating, not sharing everything, or perceptions that […]
Archway Insurance will nearly double its footprint in New Brunswick following a mega-deal to acquire three brokerages and seven new offices across the province. Amherst, N.S.-headquartered Archway acquired Shaw Insurance Agency Ltd., Solutions Assurances 360° Inc. and J. & N. Assurances Ltée., effective July 1. The transaction comes with a client base representing close to […]
By Jason Contant | July 2, 2019
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
