Tech

GM brings Maven car-sharing startup to Toronto

TORONTO – General Motors Co. is bringing its Maven car-sharing business to Canada for the first time as part of the Detroit-based company’s broader strategy for navigating through a rapidly changing automotive world. Toronto will be the first city outside of the United States to offer GM’s Maven City app-driven service, which has grown rapidly […]

By Jason Contant | February 13, 2018

2 min read

A new way for brokerages to assign clients to advisors

An Ontario brokerage has done away with the traditional alphabetized way of assigning clients to brokers. Under the alphabetized approach, sometimes referred to as the “alpha split,” a brokerage divides its clients evenly by the number of account managers it has. Account managers are responsible for the clients whose last names fall within a certain […]

By Jason Contant | February 12, 2018

2 min read

Intact sounds alarm on escalating collision repair costs

Escalating collision repair costs have commended the attention of Intact Insurance, as company officials continue to express disappointment with the Toronto-based insurer’s financial results in personal auto. Company officials said they had “unsatisfactory” performance in personal auto, with the chief culprits being new vehicle technologies and more expensive vehicle parts. Intact’s combined ratio in personal […]

By Greg Meckbach | February 12, 2018

2 min read

Average Canadian company faces $3.7 million in cyber exposure

The cost to recover from security breaches in Canada averages $3.7 million in direct and indirect costs per organization, including network down time, employee work days, lost files and compromised information, according to a new survey. Of that amount, the majority – about $3.5 million – is lost in revenue and productivity, while $215,080 is […]

By Jason Contant | February 9, 2018

2 min read