Industry
Insurance – not computer security – is probably your core business as a broker. But with cyber threats on the rise, some brokers are seeking information-security partners to help them manage their commercial clients’ cyber risk. WTW has several relationships with information technology and cybersecurity providers, said Michélle Lawson, the company’s cyber practice leader for […]
By Phil | February 24, 2022
3 min read
B.C.-based brokerage InsureLine is looking to expand its unique franchise model to build its brand in Ontario and across Canada. To meet this objective, the brokerage appointed Kevin McKinnon as vice president of franchise development in mid-February. “My goal is to make InsureLine a familiar value offering to independent insurance brokers across Ontario by creating […]
By Jason Contant | February 24, 2022
MONTREAL – With the Omicron variant in retreat, Canadians looking to get away for spring break now have a more robust range of travel insurance options. The federal government announced last week it will roll back testing and quarantine restrictions and lift its blanket advisory against trips abroad, effective Monday. Although Canada’s requirement for pre-departure […]
Canada’s seen US$54 billion in economic losses due to weather events since 2010, Steve Bowen, Aon global head of catastrophe insight, told CatIQ’s Feb. 10 webinar, Catastrophes: Past, Present and Innovative Paths Forward. “That’s roughly half of all losses over the course of the last 35 years,” he added. Will 2022 bring more of the […]
By Phil | February 23, 2022
2 min read
The Canadian Association of Managing General Agents (CAMGA) is looking at using a technology platform that will make it easier for brokers to deal with MGAs. “CAMGA’s currently in the exploratory process of building a platform that will make it even easier and more efficient for brokers to deal with MGAs,” reports CAMGA president MaryKate […]
By Jason Contant | February 23, 2022
VICTORIA – British Columbia has earmarked $2.1 billion to fund disaster recovery efforts and future response to the threats posed by wildfires, floods and heat waves in a budget that forecasts a $5.5-billion deficit. Finance Minister Selina Robinson said Tuesday a three-year climate fund will support ongoing disaster cleanup and rebuilding in southern B.C. communities […]
4 min read
Pricing for cannabis-related directors and officers (D&O) insurance is trending downward, but only relative to the rest of the market, said an insurance brokerage executive. “When cannabis was first legalized in Canada, you had a handful of carriers that [offered] coverage,” said Isaac Bock, managing director at AlphaRoot, a New York City brokerage focused exclusively […]
By Phil | February 22, 2022
Politicians are denouncing what police have called a violent confrontation in separate attacks against officers and employees at a construction site for a natural gas pipeline being built across northern British Columbia. Federal Public Safety Minister Marco Mendicino called the allegations of violence at the Coastal GasLink site and on a forestry road “disturbing.” “I’m […]
By Jason Contant | February 22, 2022
Navacord Corp. is expanding its reach in northern Alberta with the addition of Stone Insurance Brokers. Based in Manning, Alta., Stone Insurance Brokers services clients across northern Alberta and British Columbia, specializing in forestry, farming, transportation and oil and gas. “Stone Insurance Brokers expands Navacord’s reach in the province to service more of northern […]
By Jason Contant | February 18, 2022
1 min read
With Ottawa police now making arrests of Freedom Convoy protestors, the speaker of the House of Commons Friday delayed Parliamentary debate on the Emergencies Act, which would require insurers to suspend auto insurance to those involved in the protests. The national associations of both insurers and brokers are discussing with the federal government how the […]
By Alyssa DiSabatino | February 18, 2022
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