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AGASSIZ, B.C. – Melanie Forsythe’s drive home from Vancouver to Hope, B.C., had her making at least five detours as torrential rain washed out a bridge, closed roads and trapped her overnight between two mudslides before a helicopter landed on a highway and whisked her to safety. Forsythe, who was with her boyfriend Shawn Ramsay […]
By Jason Contant | November 16, 2021
5 min read
Canada’s association for managing general agents (MGAs) has unveiled a regulatory regime that will codify minimum business operating standards for these P&C intermediaries in Canada. The Canadian Association of Managing General Agents (CAMGA) announced the voluntary measures and membership requirements Tuesday. CAMGA managing director Steve Masnyk told Canadian Underwriter in an interview last week that […]
3 min read
The ongoing digital revolution, accelerated by the COVID-19 pandemic, will continue to have a major impact on the way brokers provide services. Canadian Underwriter’s Trusted Advisor 2021 survey found 80% of business clients and 73% of personal clients said online quoting is the most important digital service they need today. But it’s just the tip […]
By Phil | November 15, 2021
VANCOUVER – A local state of emergency has been declared in part of British Columbia’s eastern Fraser Valley where unrelenting rainfall caused flooding, mud and rock slides and the closure of highways to and from the southern Interior. Environment Canada said 225 millimetres of rain had deluged the community of Hope since the storm […]
By Jason Contant | November 15, 2021
2 min read
Though COVID-19 has fundamentally changed the M&A risk landscape, it has surprisingly not caused the spike in claims once predicted, new data from Liberty Global Transaction Solutions (GTS), the M&A insurance division of Liberty Mutual Insurance, suggests. While claims notifications rose 40% year-on-year and the speed of notifications increased, COVID-19 has not let to the […]
November 15, 2021
truMobile eases the broker workload, improves customer accessibility Trufla Technology is a Canadian InsurTech built by brokers for brokers, a fact that justifies their biggest goal — empowering brokers. Trufla challenged the need for an innovative solution and created a tool that brought the broker experience to the next level. Emerging from that vision is […]
The number of high net worth (HNW) households in Canada will reach 1.3 million over the next 10 years, according to projections by Investor Economics. For brokers, that means many more household contents limits. A contents limit provides the broadest coverage for all items in a person’s home, but there are sublimits (secondary limits) within […]
By Phil | November 12, 2021
CALGARY – The consequences of last summer’s searing drought are being felt on farms and ranches across the Prairies, where some livestock producers are heading into a long, cold winter with dangerously low supplies of feed and water. On his ranch near Nanton, in southern Alberta, Canadian Cattlemen’s Association president Bob Lowe said he’s fortunate […]
By Jason Contant | November 12, 2021
Editor’s Note: In honour and celebration of Women and Insurance Cancer Crusade (WICC)’s 25th anniversary, Canadian Underwriter will be publishing each Friday a personal story of someone who has been touched by WICC’s fundraising activities in support of cancer care and research. In this second part of the series, there will be five stories. Canada’s […]
By Jason Contant | November 11, 2021
Old-fashioned methods by brokers for obtaining cyber insurance quotes just don’t work in today’s environment, a managing general agent told Canadian Underwriter Tuesday. “The old approach to cyber insurance was, ‘Hey, let me get you an application, you bring that to your IT team. Let’s get that filled out, bring it back to me, we’ll […]
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