It’s not due entirely to the pandemic but brokerage customers are more open to digital documents and focused on convenience, said panellists during an Insurance Brokers Association of Ontario (IBAO) virtual convention session.

The Insurance Bureau of Canada says new estimates indicate the tornadoes that hit Barrie, Ont. and surrounding communities in July caused $100 million in insurable damage — up $25 million from previous estimates.

As an entrepreneur, David Farnell often doesn’t sleep well. And since the pandemic disrupted his Toronto-based catering company, Real Food for Real Kids, he sometimes finds himself lying awake at 4 a.m., wondering how he can keep running his business that delivers healthy food to thousands of kids at schools and daycares across the Greater Toronto Area.

Marsh has revealed that global commercial insurance pricing rose 15% in Q3 2021, while cyber rates continue to rise on increased losses. These were two of the key takeaways from the broker and risk advisor’s Global Insurance Market Index, which was published today.