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No, you can’t ram a car in a fit of road rage and collect insurance for the damage

A B.C. driver recently learned the hard way that you can’t ram your car into another car during a parking lot road rage incident and then make an insurance claim for the repair. Majid Abood was waiting in his car

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How Northbridge is advising clients to prepare for second COVID-19 wave

One key component of preparing for the anticipated second wave of COVID-19 cases in Canada is for businesses to assess how they responded to the first wave of the disease, Northbridge Insurance is telling its commercial clients. “Many businesses that

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It’s full steam ahead for brokerage M&A, now that the pandemic pause is over

After the COVID-19 pandemic temporarily paused brokerage mergers and acquisitions (M&A) activity in Canada earlier this year, it appears that the deals are once again moving forward at a steady pace. The markets’ reaction to the pandemic has been very

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Veteran brokers are seeing their first-ever hard market. What they need to know.

Brokers with more than a decade of experience could be experiencing their first real hard market right now, and they could probably use some advice about how to break bad news during renewals, an Alberta managing general agent (MGA) suggests.

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Forecast models show Hurricane Teddy could hit Maritimes next week

HALIFAX – The Canadian Hurricane Centre’s top meterologist is suggesting the combination of Hurricane Teddy and a continuing pandemic should prompt Maritimers to plan well ahead for potential power outages. The storm was churning northward in the Caribbean Friday, with

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30 Forensic Engineering Strengthens Collision Reconstruction Group with the Appointment of Anna Polak

TORONTO, ON, SEPT. 18, 2020 /insPRESS/ –  30 Forensic Engineering, Canada’s leading and fully-independent multi-disciplinary forensics firm, is pleased to announce the appointment of Anna Polak B.A.Sc., M.A.Sc. as Associate, within the Collision Reconstruction Group. Anna is an Associate with

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FirstOnSite strengthens senior leadership team with addition of Robert Fellows

MISSISSAUGA, ON, SEPT. 18, 2020/insPRESS/– FirstOnSite Restoration, Canada’s leading independent disaster restoration services provider, has further enhanced its senior leadership team with the addition of Robert (Bob) Fellows as Senior Vice President, Specialty Insurance. At FirstOnSite, Bob will work closely

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APOLLO and Keal System Users partner to provide brokers with digital tools

TORONTO, ON, SEPT. 17, 2020/insPRESS/ — Apollo Insurance Solutions Ltd., (“APOLLO Exchange”) Canada’s largest online insurance marketplace, and the Keal System Users (KSU), have partnered to offer the Keal group immediate quote, bind and policy issuance. With this partnership, both

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Yasna Faghani Joins Crawford & Company’s Canadian Legal Services Team

TORONTO, ON, SEPT. 21, 2020/insPRESS/ – Crawford & Company® (NYSE: CRD-A and CRD-B), the world’s largest, publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporates, has announced the appointment of Yasna Faghani to Crawford’s

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One thing an insurer will consider before investing in commercial surety bonds

Specific industry risk can play a major role in how much capital an insurer is willing to put forward for commercial surety bonds, a speaker said during a recent webinar. Industry risk is a “unique” underwriting consideration, Rob Dempsey, senior

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What’s unique to this hardened real estate insurance market

At the same time insurers have a reduced appetite to take on real estate risks, real estate developers during a pandemic-induced economic recession have an aversion to investing a lot of money into risk-reduction measures. These twin dynamics are a

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FM Global appeals $25-million BI award arising from reactor shutdown

Factory Mutual is appealing an Ontario court ruling that included a finding that “resulting physical damage” can mean loss of use. David Liblong, a partner with Liblong Digambar Professional Corporation, told Canadian Underwriter Wednesday that the insurer is appealing MDS

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Will the U.K. decision in a test BI case matter to Canada? Intact and ratings agencies weigh in.

The verdict in the British Financial Conduct Authority’s business interruption test case could have an impact outside of Britain, one credit rating agency warns, but Canada’s largest carrier appears to be largely unaffected. The vast majority of Intact Financial Corp.’s

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North American stock markets climb on continuing positive outlook for economy

TORONTO – North American stock markets climbed amid positive signals in Canada and elsewhere about the strength of a post-pandemic rebound. The good mood started with Chinese retail sales numbers moving back into positive terrain compared with a year earlier.

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Drive-Thru Donation Drive in Support of Boyle Street Community Services

Pitch-in and support this “One of a Kind” event! We have a FUN donation drop-off planned with BBQ, prizes, games, and giveaways, all from the safe comfort of your vehicle. Help spread the word. Share with your colleagues, friends, and

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CSIO’s Board of Directors Green-lights INNOTECH Committee’s Proposed Solutions to Address Industry Pain Points

TORONTO, ON, SEPT. 17, 2020/insPRESS/ – CSIO is pleased to announce that its Board of Directors have green-lighted three digital solutions proposed by the INNOTECH Advisory Committee and Working Groups. During the September 15 meeting, the Board of Directors were

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Intact’s rationale for buying this bond and marine brokerage

Intact Financial Corp.’s latest “tuck-in” brokerage acquisition is part of its ongoing expansion effort in the United States, chief financial officer Louis Marcotte suggested Tuesday. International Bond & Marine Brokerage Ltd. of Hoboken, N.J., announced Sept. 11 it is now

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The importance of tailoring electronic claims payments during COVID-19

Insurers should be tailoring their claims payment options to the type of claim a policyholder has, a U.S. payment provider said during a recent webinar. “If it’s a disaster, [a policyholder] may need money immediately to go get a hotel

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Aon exec discusses industry ‘sins’ and puts COVID claims into perspective

Riding the wave of high interest rates years ago, some P&C insurers and reinsurers overlooked their escalating combined ratios, an industry exec recently observed during a webinar. And that’s coming back to bite the industry now that the global COVID-19

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Why Uber Canada dropped Intact as its insurance provider

Ride sharing firm Uber Canada chose Economical as its insurance provider because Uber would not agree to Intact’s pricing, a senior Intact executive said Tuesday. “We had a very good relationship, we just couldn’t agree on the price,” Intact CFO

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B.C. amends law in effort to address high condo and townhouse insurance premiums

VICTORIA – The B.C. government has announced regulatory changes aimed at bringing more transparency to condo insurance premiums that have risen by as much as 40 per cent. The Finance Ministry says effective Nov. 1, insurers or insurance agents will

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What brokers want from their carriers during the pandemic

As COVID-19 changes the world, brokers need carriers that will change along with it. For brokers, successful carriers during and beyond the global pandemic will be the ones excelling at the three ‘As’ — accessibility, agility and authority (underwriting). And

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CEP Forensic expands its team in the GTA

TORONTO, ON, SEPT. 16, 2020/insPRESS/ – CEP is proud to announce some recent additions to its Toronto and Waterloo offices. Jason Edelstein, P.Eng., M.A.Sc. and Linda Sobaszek, B.A.Sc., have joined the Toronto office, while Tim Steffler and Ivonne Gonzalez have

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CIAA October Webinar: Payments Modernization in Canada

CIAA Webinar Series: Payments Modernization in Canada Thursday, October 29 at 12:30 PM – 2:00 PM ET | via Webex Events The payments industry is rapidly changing with the introduction of new technologies and innovation in response to the evolving needs of

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Pario Welcomes Eli Vandersluis to the Toronto Office

TORONTO, ON, SEPT. 16, 2020/insPRESS/ – Pario Engineering & Environmental Sciences LP (Pario), one of Canada’s top providers of specialized engineering and environmental services to the insurance and risk management industries, is pleased to announce the addition of Eli Vandersluis

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P&C industry braces for a ‘second wave’ of COVID liability

There is an old saying: ‘Fool me once, shame on you. Fool me twice, shame on me.’ As schools across the nation re-open, and as COVID-19 virus infection rates across Canada once again begin to climb, Canadian P&C industry observers

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Aon’s take on the state of the Canadian P&C insurance market

The first quarter of 2020 saw a continuation and acceleration of the Canadian risk and insurance market shift that took hold in 2019, with pricing increases, withdrawn capacity in several key lines of business, tightened terms, and an increasingly rigorous

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The biggest challenge for commercial brokers right now

Among a myriad of issues facing Canada’s P&C industry, reduced capacity in the property and casualty insurance market is top of mind for one senior executive at Gallagher. “While rate is a very big concern, capacity reduction, to me, is

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Meet Canada’s Newly Merged Forensic Accounting Firm

TORONTO, ON, SEPT. 15, 2020/insPRESS/ – Williams & Partners Forensic Accountants Inc. and Meaden & Moore International (Canada) are pleased to announce the merger of our firms. As of September 15, 2020, our new firm will be called Williams Meaden

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Mixed result in British court ruling in business interruption coverage dispute

If a client has business interruption coverage “following” a notifiable disease within a certain distance, while another has coverage for BI “in consequence” of the same disease, one of those clients could be covered for its COVID-19 closure while the

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