Industry
Starting Wednesday, The Dominion of Canada General Insurance Company will start applying the female rates to Nova Scotia auto clients who identify as Gender X. In a ruling released Nov. 19, the Nova Scotia Utility and Review Board approved The Dominion’s application to change its rates and risk-classification system for private passenger vehicles. At the […]
By Greg Meckbach | November 29, 2021
2 min read
It’s time employers get better at sourcing their own talent and actively developing their employees’ skills, two authors wrote in a blog from Harvard Business Review. “For decades, companies have adopted a short-term, ad hoc approach to talent management — and it’s increasingly obvious that this is a problem with profoundly harmful implications for the […]
By Jason Contant | November 26, 2021
3 min read
If P&C brokers are to succeed in the employee benefits space, both sides of the business need to fully understand the similarities and differences between them, a P&C group benefits advisor has warned. “There’s huge benefit in commercial brokers and employee benefits advisors collaborating more, even seeing the client together,” said Steve Hesketh, managing partner, […]
By Phil | November 25, 2021
Cyber insurers are taking a “multi-pronged” approach to ensure they can actually make money off the product. More carriers are expanding their offerings to include cyber, more commercial clients are buying cyber coverage and more insurance buyers are aware of cyber threats, said Annamaria Landaverde, senior vice president and cyber team lead for Munich Re […]
By Greg Meckbach | November 25, 2021
Travel insurance quotes have surged nearly 300% year-over-year as pandemic restrictions ease and Canadians are eager to travel again, according to a new report from rate comparison site RATESDOTCA. The rate aggregator analyzed data from thousands of quotes from its travel insurance quoter between Q3 2019 and Q3 2021. The number of 2021 travel insurance […]
By Jason Contant | November 25, 2021
4 min read
New research suggests the risk of extreme wildfire events is increasing across the globe, with some of the largest increases in Western Canada. The research, conducted by Natural Resources Canada and published Thursday in the journal Nature, says rising temperatures and falling humidity are the biggest drivers of the change. “Our predictions of the future are […]
A whopping 84% of Canadians have stayed with their auto insurer for two or more years and 58% have remained with the same company for more than five years, according to a Ratehub survey. What’s more 23% said they’ve stayed with the same insurance company as their parents. The survey, which polled more than 1,300 […]
By Phil | November 24, 2021
1 min read
Personal referrals were the most successful method for seeking new talent in the property and casualty insurance industry, speakers agreed during an Insurance Institute of Ontario webinar Tuesday. An informal poll of attendees to the webinar asked which recruitment channels have proved the most successful in seeking new talent: recruiters, personal referral programs (i.e. your […]
By Jason Contant | November 24, 2021
Torrential rain flooded basements and washed out roads and bridges in western Cape Breton and southwestern Newfoundland on Wednesday, as a huge storm spent a third day slowly trudging over Atlantic Canada. A state of emergency was declared late Tuesday in Cape Breton’s Victoria County, where schools were closed and residents were warned to stay off the […]
You may be getting a few calls about cancelling motorcycle insurance. Unlike automobiles, however, motorcycles (and snowmobiles) have seasonal insurance coverage that distributes payments for the riding season over the course of a year. But many riders don’t understand why they’re paying throughout the year when they’re riding only three (maybe four) months of the […]
By Phil | November 23, 2021
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