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News
Home insurance remains an afterthought for many brokers
1+ hour, 21+ min ago (655+ words) General insurance is still being treated as an afterthought rather than a core part of financial advice, despite growing focus on customer outcomes and ongoing concerns about underinsurance, according to Mark Chappell (pictured), head of intermediary at Ceta Insurance. The…...
Insurance moves: Builders Insurance, Pharmacists Mutual, Keystone, Patriot, MS Transverse, more
4+ day, 9+ hour ago (807+ words) Builders Insurance Group has elected David Jasmund (pictured, left) as chair of its board of directors, succeeding Charles "Charley" Potok, who retired after 13 years on the board, including the past three as chair. Jasmund has served on the Builders board…...
California passes three bills tightening claims and nonrenewal rules for insurers
4+ day, 10+ hour ago (443+ words) The California legislature has passed three bills reshaping how property insurers handle claims and nonrenewals, sending them to Governor Newsom for signature. The bills, authored by state senators Sasha Renée Pérez and Ben Allen, follow sustained scrutiny of insurer conduct…...
Insurance moves: Builders Insurance, Pharmacists Mutual, Keystone and others
4+ day, 9+ hour ago (807+ words) Builders Insurance Group has elected David Jasmund (pictured, left) as chair of its board of directors, succeeding Charles "Charley" Potok, who retired after 13 years on the board, including the past three as chair. Jasmund has served on the Builders board…...
Water damage has the highest denial rate of any homeowners claim - it matters for every client
5+ day, 9+ hour ago (482+ words) Mercury Insurance has published guidance urging homeowners to address maintenance issues - roof shingles, plumbing drips, clogged gutters, cracked caulk, HVAC upkeep and overhanging branches - before they escalate into larger problems. Adam Bakonis, Mercury's director of homeowner product management, framed the…...
Revealed — Water damage has the highest denial rate of any homeowners claim
5+ day, 10+ hour ago (402+ words) Mercury Insurance has published consumer guidance urging homeowners to address small maintenance issues, roof shingles, plumbing drips, clogged gutters, cracked caulk, HVAC upkeep and overhanging branches, before they become larger problems. Adam Bakonis, Mercury's director of homeowner product management, framed…...
Why the same insurance risk can now produce very different prices
5+ day, 12+ hour ago (539+ words) An insurer can tell a customer exactly what their premium is, but explaining why it landed at that particular number can be considerably harder. That gap is becoming more consequential as underwriting draws on wider sets of personal, behavioural and…...
Skipping this one broker conversation before cutting coverage could cost Canadians thousands
6+ day, 52+ min ago (747+ words) Canadians looking to reduce their insurance costs have more options than simply cutting coverage, and exploring those options first is the better strategy in nearly every case, according to Kristen Gill, vice-president, general insurance at TD Insurance. Gill's advice starts…...
Rebuild costs outpace inflation, exposing sum insured gaps
6+ day, 11+ hour ago (465+ words) The analysis, published as part of the ICA's annual Insurance Catastrophe Resilience Report, draws on Cotality's Cordell Construction Cost Index (CCCI). It shows building costs rose around 30% in the five years to March 2026, against consumer price index growth of about 24% over…...
Multi-unit claims don't stay on one floor, and neither does the damage, brokers says
1+ week, 1+ hour ago (774+ words) Claims involving multi-unit residential buildings are both larger in scale and considerably more complex than anything a single-family home typically generates, according to Peter Kennedy (pictured), managing director at Aon, who pointed to a fire scenario to illustrate how quickly…...