Operations
If you haven’t been paying attention to your employees’ expense reports, you may want to take a closer look. A recent study has found that despite strict guidelines around expense reporting, a number of questionable items are still being submitted for reimbursement. It’s also happening with increasing regularity, chief financial officers across Canada told Robert […]
By Adam Malik | July 18, 2019
2 min read
Growing your bottom line and developing a stronger bond with clients are just two reasons why brokerages need to ensure their online presence is strong, according to a recent study. Brokers also need to use every tool at their disposal in a hard market, making a digital presence even more critical for success. BDC, a […]
By Adam Malik | July 17, 2019
3 min read
What’s the market like for medical marijuana insurance coverage? “The market has contracted and it’s just far more difficult now [because of] a smaller number of pools to draw from,” Eric Lock, a Kelowna, B.C.-based broker with AC&D Insurance, said in an interview Monday. “Rates have certainly gone up.” As an example, Lock said one […]
By Jason Contant | July 16, 2019
Several industries may fear the impact of new technology in the workplace, but at least one Canadian broker says insurance brokers have every reason to welcome it. Artificial intelligence, for example, would allow brokers to drop the mundane tasks that suck up much of their time, says Adam Veldpaus, technology industry leader at Cowan Insurance […]
By Adam Malik | July 15, 2019
Quebec’s largest independent insurance brokerage, Lussier Dale Parizeau (LDP), has merged with actuarial consulting firm Samson Consulting Group. Samson Consulting Group, based in Terrebonne, Que., offers employee benefits support services to medium and large companies, trade unions and professional associations. Its other fields of expertise include insurance and pension plans, corporate health and human resources […]
By Jason Contant | July 15, 2019
A pair of brokers have notably different strategies when it comes to finding growth during these days of tightening markets. For Myles Kuharski, commercial lines account executive at Gillons Insurance in Thunder Bay, Ont., the sound of the phone ringing in a hard market is a good thing. That’s new business he can potentially add. […]
By Adam Malik | July 12, 2019
United States brokerage NFP has acquired Toronto-based McLean Hallmark Insurance Group as part of its strategy to expand into the Canadian market. McLean Hallmark has offices in Toronto, Markham and Mississauga and Halifax. It offers property and casualty coverage in specialized areas like trucking, car dealerships, moving and storage, marine and surety. It also services […]
By Adam Malik | July 11, 2019
1 min read
Companies looking to save a few bucks by declining certain insurance coverage options are putting themselves at risk, and it’s up to brokers to ensure their clients understand the consequences. What do you tell a commercial client who doesn’t want specific insurance options? A business might limit its growth, shut the door on acquisitions, and […]
By Adam Malik | July 10, 2019
Insurance premiums are taking a starring role in Manitoba’s provincial election. Manitoba Premier Brian Pallister has pledged to drop provincial sales tax from home and renters’ insurance should he be re-elected in this fall’s election. The announcement received positive reviews from the Insurance Brokers Association of Manitoba. “I’m sure this would be good news for […]
By Adam Malik | July 9, 2019
It’s time for a national standard on publishing provincial broker discipline decisions
July 9, 2019
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