The cost of insurance for local municipalities continues to rise. Springwater Township received its annual insurance renewal notice last Friday at a cost of $625,709.52. That’s almost $42,000 more than last year, or slightly more than seven per cent. According to a report prepared by Renée Ainsworth, Springwater’s clerk and director of ...
Senior-level underwriters in Canada may earn as much as $130,000 or more in yearly salary, new research by Impact Recruitment shows. The P&C recruitment agency’s 2024 Insurance Salary Guide details salary ranges for underwriters and their assistants and breaks down compensation per province and level of experience, though it may vary per firm.
So, we’ve created a new tool to help determine farm machinery values,” she says. “The broker can sit down with the farmer, input the farmer’s equipment into the new tool, and the tool will reveal the machinery’s auction value, the retail value, the market value, so that the farmer knows whether they are insuring it to value or not.
The cost of each RIBO exam attempt is $300. Each rewrite is an additional $300. This fee is separate from the RIBO licensing application fee (see RIBO Exam Policies). Online Exams. Exam times are booked on a first-come, first-served basis, so schedule your exam immediately after registering. They are offered on a monthly basis, select the ...
Level 1 broker/agent licensing. The Alberta Insurance Council (AIC) is the regulatory body that oversees insurance licensing in Alberta. View the education requirements needed to attain the Level 1 broker/agent licence in Alberta and the learning materials and study options we offer.
A war for talent in Canada’s P&C insurance industry may be inadvertently causing collateral damage in smaller and mid-sized brokers, Traci Boland, Insurance Broker Association of Canada president, tells Canadian Underwriter. That said, their smaller size may allow them to pivot more easily when it comes to offering hybrid workplaces.
As for how standard insurers verify fleet sizes, the task often falls to brokers, according to one carrier. “For a customer’s fleet, a broker would provide us with accurate and up-to-date information such as a list of vehicles that is owned or leased by the customer and year, make, model and serial number of each vehicle,” Nick Frattaroli ...
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