Brokers are justified in thinking independence is shrinking due to increased consolidation in the P&C industry, according to Lorie Phair, president of the Canadian Broker Network (CBN), Canada’s largest network of independent brokers. To think ownership does not influence a brokerage’s decision-making would be “naïve,” she adds. Phair refers to a finding in Canadian Underwriter’s 2022 […]
read moreDid you know? As of June 2021, all Canadian carriers operating Federally are required to implement an Electronic Logging Device (ELD) in their commercial vehicles. However, the one year educational period with no enforcement remains in effect until June 12, 2022. “All Federally regulated carriers who are currently required to do paper records of duty […]
read moreDid you know? Water damage is the main reason for insurance claims in Canada. These days, increased severe weather events cost the insurance industry around $2 billion in yearly catastrophic losses – most of which is due to water related damage, according to the Insurance Bureau of Canada. Whether it’s a flood or a burst […]
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