Industry

Clients likely unaware of criminal websites pretending to sell P&C coverage

Scam artists who set up websites impersonating home and auto insurance brokerages could be taking advantage of uninsured motorists, a former brokerage owner says. In theory, the industry can try to block access to websites operated by unlicensed miscreants purporting to place insurance, but this would require forensic investigators and possibly court orders against innocent […]

By Phil | January 21, 2022

3 min read

Looking to sell your brokerage? Here’s what to ask yourself first

When it comes to selling your brokerage, timing is everything. Principals considering selling their brokerage should always ask themselves when is the best time to exit in terms of career and family situation, and then work backwards to plan from there, a P&C transaction advisor recommends. It’s critical to allow adequate time to prepare for […]

By Jason Contant | January 21, 2022

3 min read

Utility says B.C.’s heat, rain and cold in 2021 underscore changing demand for power

VANCOUVER – British Columbia endured sizzling summer heat and bone-numbing cold to end 2021 and the province’s electrical utility says the result was a record-breaking, year-round demand for power, launching a trend that’s not expected to end soon. In a report examining electricity demand during last year’s unprecedented weather events, BC Hydro says the province’s […]

By Jason Contant | January 21, 2022

2 min read

Car owners score poorly on auto insurance quiz

Canadians who have auto insurance really need to re-read the fine print on their policies, a recent survey found. A poll of more than 1,300 auto policy holders, conducted by rate comparison site Ratehub.ca, focused on 10 common misconceptions around how car insurance works. One question asked respondents whether or not speeding tickets from automated […]

By Phil | January 20, 2022

2 min read