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CHANNEL-PORT AUX BASQUES, N.L. – The mayor of a small town on the southwestern tip of Newfoundland says it’s time to have serious conversations about the impact of changing weather on communities like his, after another night of heavy rain. Brian Button said in an interview today that at times, the rain falling on Port […]
By Jason Contant | November 30, 2021
2 min read
More P&C brokers than ever are recognizing long-term opportunities in what has become a hot employee benefits M&A market in Canada, a brokerage executive said. “The trend of P&C brokerages moving into the employee benefits space will continue to grow exponentially,” predicts Yan Charbonneau, president and CEO of Quebec-based Synex Group, a member of the […]
By Phil | November 29, 2021
A surprising reveal in Canadian Underwriter’s Trusted Advisor 2021 survey is that 23% of business client respondents said they’d contacted their broker to make a commercial claim over the past two years. That’s up from 20% in the 2020 survey. “Instinctually, I think those numbers are higher than they traditionally would be,” said Stephen Stewart […]
3 min read
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
With an overall increase of 48.2% in housing starts across Canada at the beginning of 2021 and a GDP of well over $154B, it’s no surprise that the construction sector continues to be a hot topic across the insurance industry. According to BuildForce Canada, which represents the country’s construction industry, there has been a 51.4% […]
November 29, 2021
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
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 […]
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