Do your clients visit the U.S. often? If the answer’s ‘yes,’ take a review of their collision coverage because not every U.S. state has a direct compensation for property damage (DCPD) regime. “There are a number of really large insurers in the states that do operate using the same or a similar system as our […]
By Phil | July 19, 2024
3 min read
Paul Jackson is Zurich Canada’s new head of customer and market management. “I’m excited to join Zurich Canada as senior vice president and head of customer and market management,” Jackson says of the appointment on his LinkedIn account. “Zurich’s commitment to customer-centricity and market leadership is inspiring, and I look forward to being part of […]
By David Gambrill | July 18, 2024
2 min read
Are extreme weather events the new normal in Canada? Following yesterday’s torrential rains and power cuts, residents of the greater Toronto area (GTA) would say ‘yes,’ as do 92% of Canadian business leaders polled for a new KPMG Canada research report. “As seen from yesterday’s flooding in the GTA, we won’t always see these extreme […]
By Phil | July 17, 2024
2 min read
An expert panel on Quebec auto insurance says it welcomes a recommendation to introduce four new, streamlined categories for commercial vehicles in the province. “The panel…welcomes SAAQ’s efforts to refine its method of calculating the insurance contributions for commercial vehicles so that their rates reflect the risk represented by each insured vehicle category as accurately […]
By Jason Contant | July 17, 2024
3 min read
Efforts to reduce auto theft across Canada seem to be paying off. National auto theft trends decreased by 17% in the first half of 2024 compared to the year prior, Équité Association reports. “These positive national results are a testament to the collaborative efforts of the insurance industry, federal and provincial governments, law enforcement […]
By Alyssa DiSabatino | July 16, 2024
2 min read
Acquisition momentum continues for BrokerLink, which announced this week it has closed deals on William C. Aitken Insurance Ltd., and Louis Meier Insurance Brokers Ltd. Deals closed on June 1, 2024 and July 1, 2024 respectively. Both brokerages are in the greater Toronto area. That brings BrokerLink’s acquisitions total to 10 so far this year. […]
By Phil | July 16, 2024
2 min read
In 2018, street artist and political activist Banksy’s iconic artwork “Girl with Balloon” was put up for auction — and destroyed. The painting was sold to a private buyer at Sotheby’s in London for about US $1.4 million, but moments after the hammer fell, the painting was shredded. Turns out, Banksy, whose identity is […]
By Alyssa DiSabatino | July 15, 2024
5 min read
Citing escalating auto repair costs and catastrophic hailstorm damage last August, Manitoba’s public auto insurer has applied to the province’s insurance regulator for a 3% auto insurance rate increase for 2025-26. “The proposed rate increase is necessary to address a steady and prolonged rise in the cost of claims as well as the cost of […]
By David Gambrill | July 8, 2024
3 min read
Mark White, CEO of the Financial Services Regulator of Ontario (FSRA), will step down from his role, effective July 16, following his appointment as chair of the Ontario Energy Board. “[FSRA’s board] thanks [White] for his vision, integrity, and determination in leading FSRA from its launch in 2019 to where it is today, a regulator […]
By Alyssa DiSabatino | July 8, 2024
1 min read
WINNIPEG, Manitoba — On July 2, the NDP government announced a new rebate program intended to incentivize drivers’ transition to electric vehicles (EV). The government’s selling points focus on helping people save on gas while reducing their greenhouse gas emissions. On July 2, the NDP government announced a new rebate program intended to incentivize drivers’ transition […]
By David Gambrill | July 5, 2024
2 min read