Insurance Business Canada

Insurance Business Canada caters to modern insurance brokers and advisors. It aims to deliver relevant and easy-to-understand guidance specifically designed for Canadian insurance professionals. Given the ever-evolving landscape of the insurance sector—driven by new regulations and major global events—it is crucial for these professionals to stay informed about industry trends and effective business strategies to adapt to these shifts.

National, Trade/B2B

English

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#113253

United States

#37682

Finance/Insurance

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Insurers seeing progress in fight against social Inflation

1 day ago | insurancebusinessmag.com | Gia Snape

Insurance News By May 15, 2025 Share The insurance industry is intensifying its campaign against outsized jury awards or “nuclear verdicts” – verdicts over $10 million. At least one expert has noted meaningful progress in several battleground states. In April, Georgia Gov. Brian Kemp signed two Senate Bills geared toward improving the litigation environment in the state.
Tariffs ignite new pressures in financial and professional liability insurance

1 day ago | insurancebusinessmag.com | Gia Snape

Professional Risks By May 15, 2025 Share Businesses across North America face a volatile mix of economic pressure, litigation exposure, and client uncertainty. Tariffs have re-emerged as a powerful disruptor, particularly for clients with global supply chains and reliance on international manufacturing. For insurance brokers, the challenge is to keep pace with evolving risks while identifying ways to support clients through disruptions.
Property brokers say NOAA data purge creates blind spots

2 days ago | insurancebusinessmag.com | Gia Snape

Catastrophe & Flood By May 14, 2025 Share The Trump administration’s move to end the National Oceanic and Atmospheric Administration’s (NOAA) widely used weather and climate disasters database has created a significant data vacuum in the insurance and risk management sectors. NOAA’s disaster database has long been a critical resource for insurers, brokers, and risk modellers.
CSIO unveils certification ratings, names platinum insurers

2 days ago | insurancebusinessmag.com | Josh Recamara

Technology By May 14, 2025 Share CSIO has launched a Standards Certification Rating Program to recognize the achievements of insurers and BMS vendors in adopting CSIO Data Standards. The Standards Certification Ratings reflect an organization’s commitment to comprehensive Data Standards that meet business needs, the CSIO said.
Lloyd Sadd Insurance partners with Atrix Insurance

2 days ago | insurancebusinessmag.com | Josh Recamara

Mergers & Acquisitions By May 14, 2025 Share Lloyd Sadd Insurance Brokers, a founding Navacord Broker Partner, has announced its partnership with Atrix Insurance, effective April 1. Financial terms of the partnership were not disclosed. The merger is expected to be effective November 1, 2025. This collaboration is seen as a significant step for both firms as they look to enhance their presence in the insurance sector and offer expanded services to their clients.
Lloyd Sadd Insurance partners with Atrix Insurance

2 days ago | insurancebusinessmag.com | Josh Recamara

Insurance News By May 14, 2025 Share Lloyd Sadd Insurance Brokers, a founding Navacord Broker Partner, has announced its partnership with Atrix Insurance, effective April 1. Financial terms of the partnership were not disclosed. The merger is expected to be effective November 1, 2025. This collaboration is seen as a significant step for both firms as they look to enhance their presence in the insurance sector and offer expanded services to their clients.
FSRA denies renewal of life insurance agent's licence over alleged false information

2 days ago | insurancebusinessmag.com | Josh Recamara

Insurance News By May 14, 2025 Share Ontario’s financial services regulator, FSRA, has issued an order denying the renewal of the life and accident and sickness insurance agent license held by Hong Wei Liao. The regulator said Liao was not fit to hold a licence as an insurance agent, after finding that she had provided false information in her licence application.
Desjardins Group reports decline in surplus earnings in Q1, cites higher claims

2 days ago | insurancebusinessmag.com | Josh Recamara

Insurance News By May 14, 2025 Share Desjardins Group reported a decline in surplus earnings before member dividends for the first quarter of 2025, with a significant drop in its Property and Casualty Insurance segment. Surplus earnings for the quarter amounted to $738 million, down $117 million compared to the same period in 2024.
King Risk Partners and Alera Group make acquisitions

2 days ago | insurancebusinessmag.com | Josh Recamara

Insurance News By May 14, 2025 Share King Risk Partners has acquired Spencer Financial, an independent insurance agency based in Tampa, Florida. The transaction, whose terms were not disclosed, expands King Risk Partners’ operations in Northwest Florida. Spencer Financial has provided personal and commercial insurance products across Florida for more than 25 years. The agency works with a range of carriers and serves clients through its local market focus.
Starwind Specialty introduces four new insurance programs

2 days ago | insurancebusinessmag.com | Josh Recamara

Insurance News By May 14, 2025 Share Starwind Specialty Insurance Services, which is part of CRC Group, has introduced four insurance programs aimed at addressing specific industry risks. The new offerings – Starwind Environmental, Starwing PVT (Political Violence & Terrorism), Starwind Equipment, and Starwind Cannabis — are intended to support retail brokers with specialized coverage options for their clients.