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Environment commitments not met by Canada’s oil and gas companies, new report shows  

Most of Canada’s oilsands producers have made little progress on their goal to decarbonize the sector despite historically high profits and low capital expenditures, a new report said.   A report from the Pembina Institute said little has been done by

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ICLR 25th Anniversary Celebration

You are invited to a party! Join us to celebrate the first 25 years of insurance industry leadership to champion earthquake and climate resilience through the work of the Institute for Catastrophic Loss Reduction. When: Tuesday, October 18 at 2:00

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IISA – Equipment Breakdown – Part 2

You have a basic understanding of commercial equipment breakdown (or have attended the Equipment Breakdown Part 1 webinar on Oct 25) but are not sure how it applies to some of your clients, especially those who are mobile or do

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IISA – Equipment Breakdown – Part 1

Attachment rates for equipment breakdown remain low, despite the coverages being relatively inexpensive and filling important gaps in commercial property insurance. This introductory webinar will cover the basics of a breakdown policy with a focus on real-life loss examples and

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Atlantic Canada assesses damage from post-tropical storm Fiona

Post-tropical storm Fiona swept through Atlantic Canada and eastern Quebec this weekend, knocking out power to hundreds of thousands of people, washing away homes and cottages, and causing widespread flooding and infrastructure damage. While the insured and economic damages associated

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IISA – Bringing an MGA to Life

The Canadian insurance market witnessed substantial growth in the Managing General Agency (MGA) sector over the past few years. We know the market turns to MGAs for risk placement because they’re able to respond to risks which others can’t –

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How to ensure your clients’ property values are accurate amid volatility

Inaccurate property values were an industry-wide challenge in construction even before the pandemic brought economic volatility. So, how can you accurately quantify an insured’s risk when the pricing is so volatile? Clients are at risk of being underinsured when reported

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Is Canada’s insurance industry becoming an online fraud target?

Canada’s insurance industry saw the highest increase in digital fraud attempts—up 125% between Q2 2021 and Q2 2022—of all industries in the country that were screened as part of a quarterly study from credit-reporting firm TransUnion. The only Canadian industries

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November Broker Bash – GTA

November Broker Bash Join FIRST Canada on Thursday, November 24 to celebrate Broker Bash, the networking event for the insurance industry, at The Fifth Social Club. All industry professionals are welcome. WHEN Thursday, November 24, 5:00 PM WHERE The Fifth

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October Broker Bash – GTA

October Broker Bash Join FIRST Canada on Thursday, October 27 to celebrate Broker Bash, the networking event for the insurance industry, at The Fifth Social Club. All industry professionals are welcome. WHEN Thursday, October 27, 5:00 PM WHERE The Fifth

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How brokers can prevent D&O clients from getting burned for greenwashing

Investors are increasingly pursuing companies for ‘greenwashing,’ referring to company directors who misrepresent their climate credentials or fail to act in accordance with their stated climate goals, says a financial services executive at Marsh Canada. Commercial brokers can help their

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Intact CEO reveals “the toughest file of my career”

The chief operating officer of Canada’s largest P&C insurer is confronting a conundrum he never faced before the pandemic — he’s not sure how to get all of his employees to work in the office. It’s not an issue unique

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How rising interest rates impact insurers’ investment decisions

Recent interest rate hikes aimed at curbing inflation, and the potential for more rate hikes next year, has the insurance industry keeping an eye on its investment returns. But while the transition from a low-interest-rate environment to a higher-rate environment

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Appeal court removes injunction, allows Broncos bus crash lawsuit to proceed  

REGINA – The Saskatchewan Court of Appeal has set aside a temporary injunction that halted a lawsuit filed by some parents of those who died in the Humboldt Broncos bus crash.   Sixteen people were killed and 13 were injured when

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Hurricane risk: What the future holds for Canada

Canada will be increasingly at risk for more frequent and severe hurricanes going forward due to climate change, Swiss Re told Canadian Underwriter in an interview Friday. “Sea surface temperatures [are] rising, which means storms will be able to travel

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MEA Forensic Engineers & Scientists proud to announce 3 new owners

SEPTEMBER 23, 2022/insPRESS/ – MEA Forensic Engineers and Scientists announces the addition of three senior experts to its ownership group: Stephanie Bonin, PhD, Pamela D’Addario, MASc, and Benjamin Elkin, PhD joined the firm’s leadership team, effective September 1, 2022. Having

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Hurricane Fiona: Origin and Cause is Mobilized and Ready to Help

    SEPTEMBER 23, 2022/insPRESS/ – As Nova Scotians prepare for Hurricane Fiona, we are mobilized and ready to serve your policyholders. Here is a list of services we are ready to offer immediately. We hope everyone stays safe. Civil,

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November Broker Bash – Vancouver

November Broker Bash Join FIRST Canada on Thursday, November 17 to celebrate Broker Bash, the networking event for the insurance industry, at Mooses Down Under. All industry professionals are welcome. WHEN Thursday, November 17, 4:30 PM WHERE Moose’s Down Under

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Global climate disclosure standards will take time and money, P&C industry warned

Canada’s solvency regulator is seeking to harmonize climate risk disclosures with international standards, which some Canadian P&C insurers are viewing as akin to a climate-related IFRS 17 initiative. Some contend OSFI’s forthcoming guidance on harmonizing companies’ climate-related risk disclosures with

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Why insurers are rethinking coverage for older machinery

Aging machinery and equipment are historically slow to get replaced. Add supply chain disruptions into the mix, and businesses with equipment breakdown coverage could be waiting longer for replacement parts or products, said Doug Laurin, director of national energy and

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October Broker Bash – Vancouver

October Broker Bash Join FIRST Canada on Thursday, October 20 to celebrate Broker Bash, the networking event for the insurance industry, at Mooses Down Under. All industry professionals are welcome. WHEN Thursday, October 20, 4:30 PM WHERE Moose’s Down Under

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Climate change effect on public transportation infrastructure to cost billions: financial watchdog

TORONTO – Ontario’s financial watchdog says the effects of climate change are projected to cost the province an extra $1.5 billion a year on average in the next few years just to maintain public transportation infrastructure. A report released today

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Ontario auto: The impact of inflation on rate increases

Financial Services Regulatory Authority of Ontario’s (FSRA) recent approval of auto insurance rate increases for several insurers signals inflation may finally be making its way into the world of auto insurance prices, according to rate comparison site Ratesdotca. “Currently, FSRA

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Who is putting your client’s company at risk for a cyber scam?

Two-in-five employees surveyed (42%) said they’ve seen an increase in cyber scam attempts over the last year, yet only a third of surveyed employees (34%) reported their company provides mandatory cyber security awareness training, finds new research by the Insurance

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Olaf Rubis joins EFI Global as senior environmental advisor in Canada

CALGARY, AB, SEPTEMBER 22, 2022/insPRESS/ – EFI Global, a leading full-service international consulting firm specializing in forensic engineering, environmental, fire investigation and specialty consulting services, announced that Olaf Rubis, BBA, CIE, has joined the company in Canada as a senior

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IBAO’s Going Paperless Town Hall

We’re presenting the conclusions of our initiative on the insurance industry moving to paperless delivery of insurance documentation. IBAO CEO Colin Simpson and Steve Gugler, Partner at 3Tree, will give an overview of the project. The Going Paperless Initiative analyzed

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Engage with FIRST Canada at the 2022 IBAS Convention

TORONTO, ON, SEPTEMBER 22, 2022/insPRESS/ – Engage with FIRST Canada and elevate your payments. Offer even more payment flexibility, differentiate your value, improve your operations and grow your market share. Connect with the FIRST Canada team at their exhibit booth

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September Broker Bash – GTA

September Broker Bash Join FIRST Canada on Thursday, September 29 to celebrate Broker Bash, the networking event for the insurance industry, at RendezViews. All industry professionals are welcome. WHEN Thursday, September 29, 5:00 PM WHERE RendezViews 229 Richmond St W,

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September Broker Bash – Vancouver

Broker Bash is back! FIRST Canada is happy to announce the return of the industry’s most popular networking event, Broker Bash. Join FIRST Canada on Thursday, September 22 to celebrate the highly-anticipated return of the networking event for the insurance

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IBAO Hosting Virtual Town Hall on Going Paperless Project

TORONTO, ON, SEPTEMBER 22, 2022/insPRESS/ – Bringing together the industry to share the culmination of years of collaboration. The Insurance Brokers Association of Ontario (IBAO) are presenting the conclusions of their initiative on the insurance industry moving to paperless delivery

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