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Auto claimant awarded $200K despite court’s skepticism about his credibility

A B.C. fire dispatcher with pre-existing back pain was awarded $200,000 for his auto accident injuries, even though the Supreme Court of British Columbia also found that he was “not a reliable historian of his own condition or other events.”

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How smaller brokerages can survive in a mega-merger environment

As mergers and acquisitions ramp up in the Canadian P&C space, smaller brokerages will need to go for scale or niche to survive, brokers say. “As of late, with Wawanesa buying Western Financial, NFP buying a half-dozen really big brokers,

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What makes for a profitable brokerage in Canada?

When it comes to brokerage profitability, size matters. Common characteristics of the most profitable Canadian brokerages are laid out in a recent report from P&C advisory and consulting firm Smythe Advisory. The Property & Casualty Insurance Brokerage Report 2019 analyzes

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Why Intact execs set their sights on The Guarantee, MGA Frank Cowan

Intact’s proposed $1-billion acquisition of The Guarantee and the managing general agent Frank Cowan is intended to bolster the company’s strength in specialty lines – primarily in the areas of surety, public entities, and high-net worth clients, company executives said

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Earthquake knocks out power in Saskatchewan communities

ESTERHAZY, Sask. – A small earthquake shook parts of southeastern Saskatchewan Thursday night, knocking out power and rattling homes in the region. The United States Geological Survey confirms the 4.1-magnitude quake happened 17 kilometres east of Esterhazy around 8:30 p.m.

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Why risk managers need to go beyond heat maps

Risk managers using colour-coded heat maps may be pressed by their bosses for more specific information on their exposures, a new risk management expert at KPMG Canada suggests. Heat maps are a way for risk managers to report risks to

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Considering a career change? Look before you leap, say industry experts

The grass continues to appear greener on the other side for Canadian workers, but disgruntled employees are not always ready to make the jump, a new survey has found. Before brokers venture off towards greener pastures, they should keep a

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One easy way for underwriters to find out if their clients’ data has already been breached

Underwriters can better price cyber insurance if they have a clear understanding of that user’s real risk of being breached. To do that, it’s essential to understand when a user’s email and password combination has been exposed in a previous

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How dashcams are settling insurance and liability questions

CALGARY – In a video taken through the windshield of Dung Le’s 15-year-old Toyota Echo, an oncoming car breaks the monotony of a wide, nearly empty street on a quiet August morning in a sprawling residential Edmonton neighbourhood. As it

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Oracle RMS Appoints Gavin Lobo As Chief Operating Officer

TORONTO, ON, August 15, 2019/insPRESS/ – Oracle RMS welcomes a new member to their executive team, Gavin Lobo, as Chief Operating Officer. “Gavin is a dynamic leader in the insurance industry, and his experience and knowledge will be extremely valuable

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