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Archive for December, 2013

Travelers Canada / Dominion Ins Co Claims Update Dec 24 2013.

Tue, 24th December, 2013 - Posted by - Comments Off on Travelers Canada / Dominion Ins Co Claims Update Dec 24 2013.

Travelers Canada ( Dominion Ins Co) claims update:
Ontario, Quebec and Eastern Canada freezing rain
Heavy amounts of freezing rain and snow began on Saturday Dec 21 in Ontario and Quebec, and reached the Atlantic provinces by Sunday morning. This storm has caused widespread damage and power outages. The majority of the damage has been caused by falling tree limbs landing on cars and property, and by the power outages.
Trust in Travelers Canada:
• We are open today, December 23, and tomorrow morning and will continue to provide service to your clients with claims from this storm and other occurrences. Contact one of our local claim teams through the contact numbers available on travelerscanada.ca and thedominion.ca.
• When our offices close for the holidays, our service does not. You and your clients can always reach us, 24/7 at the following numbers:
The Dominion of Canada General Insurance Company: 800.661.5522
Travelers Insurance Company of Canada: 888.235.2447
• These types of claim situations are given our highest priority and are managed by our in-house claim team to make sure we safeguard your client’s experience.
• Travelers Canada has access to a network of dedicated vendors to assist our policyholders when they sustain damage from an unfortunate event like severe weather.
Travelers Canada has already received a number of claim notifications and we are responding accordingly. We understand that no one ever wants to have an insurance claim and we make the claim experience as stress-free as possible for your clients. Responding with speed, compassion, integrity and professionalism, we are there for you and your clients 24/7. Travelers Canada provides the confidence you need, and rely on.

Category : Uncategorized

Fire Safety Tips during Power Outages, from the Ministry Of Community Safety & Correctional Services.

Mon, 23rd December, 2013 - Posted by - Comments Off on Fire Safety Tips during Power Outages, from the Ministry Of Community Safety & Correctional Services.

Important fire safety tips during power outages!
From the Ontario Ministry of Community Safety and Correctional Services.

To reduce fire risk during a power outage, the Office of the Fire Marshal offers the following safety tips:
• Electrically-connected smoke alarms and carbon monoxide alarms will not work when the power is out unless they have battery back-ups. Make sure your home has battery-operated smoke alarms and carbon monoxide alarms.
• Everyone should know how to get out immediately if there is a fire. Plan and practice your escape plan before emergencies happen.
• Use flashlights or battery-operated lanterns instead of candles or hurricane lamps. If using candles, place them in a secure holder and cover them with a glass chimney, away from children and pets.
• Propane and charcoal barbecues are for outdoor use only. Do not bring them inside.
• Purchase generators with recognized approval labels. Make sure the unit has proper connection receptacles and circuit breakers.
• Portable generators should only be used outdoors and carefully located to ensure that exhaust fumes do not enter the home. Allow the generator to cool before refuelling. Refuel the generator outside, following the manufacturer’s instructions. Store fuel for the generator in approved containers, outside the home.
• Use only portable space heaters that have been designed for indoor use and follow the manufacturer’s instructions. Provide adequate ventilation by opening a window slightly while the heater is in use. Before refuelling, turn off the heater, wait for it to cool and take the heater outside to refuel.
• Make sure electric stove elements and small appliances are OFF or unplugged to prevent fires from occurring when the electricity is restored.
• Cordless phones will not work when the power is out, so it is recommended to have at least one phone that does not require electricity to operate.
• Use extreme caution during flood emergencies and power outages. Electrical equipment impacted by flood water can be extremely dangerous. For more important information about electrical safety during floods, please visit the Electrical Safety Authority’s website: http://www.esasafe.com/
• Further information on emergency preparedness can be found at http://www.emergencymanagementontario.ca/english/home.html

Category : Uncategorized

Aviva Canada Dec 2013 Claims / No Power.

Mon, 23rd December, 2013 - Posted by - Comments Off on Aviva Canada Dec 2013 Claims / No Power.

Customers with emergency claims should call 1 866 MY AVIVA (1 866 692 8482). Our phone lines are operating, but wait times could be long feel free to contact your Broker’s office as well.

Here are a few tips for our customers who are experiencing power outages:
– Use caution and care around candles, portable heaters and generators.
– Limit the number of times that fridges and freezers are opened to minimize food spoilage. Alternatively, take frozen food and pack it in coolers to store outside.
– To avoid freezing pipes, keep the tap on so a small amount of water continues to flow through the pipes or turn off the water at the source and drain the taps. Flush toilets so water is drained from the appliance.

More safety tips can be found on the Ontario Community Safety and Correctional Services website.

Category : Uncategorized

Bulletin- Reducing Auto Ins Rates Ontario- Ministry of Finance

Fri, 20th December, 2013 - Posted by - Comments Off on Bulletin- Reducing Auto Ins Rates Ontario- Ministry of Finance

Bulletin

Reducing Auto Insurance Rates for Ontario Drivers

Regulation Changes and Towing Review Will Benefit Consumers

December 19, 2013 5:30 p.m.

Ministry of Finance

Ontario is introducing new initiatives to reduce costs and uncertainty in the auto insurance system, including enhancing towing industry oversight.

Consultations are underway to develop a province-wide system to oversee the towing industry. A review of vehicle storage and collision repair practices will also be conducted. The reviews will address consumer concerns about questionable and expensive practices in the towing industry that drive up insurance rates.

Drivers involved in traffic collisions and in need of roadside assistance should have confidence that the tow truck operator helping them is reputable, safe and will provide honest and fair dealings.

The government is also unveiling a new package of regulatory changes that will:

•Enable licensing of service providers that bill auto insurers so that only licensed providers can get paid directly by insurers.
•Clarify that claimants with a minor injury may only seek treatment beyond $3,500 if they have a medically documented pre-existing condition preventing their full recovery.
•Confirm that a claimant’s initial choice of income-replacement, non-earner or caregiver benefits is final and cannot be modified.
•Ensure that those who attend to an injured family member or friend after an accident will be compensated for the actual economic loss they incur during that time.

These changes will help reduce costs and uncertainty in the system by continuing to crack down on abuse and fraud, and clarifying benefits for auto insurance claimants.

Making auto insurance rates more affordable for drivers is part of the Ontario government plan’s to invest in people, build modern infrastructure and support a dynamic and innovative business climate.

Quick Facts
•Consultations with representatives from the towing, municipal, insurance, policing, legal, leasing and financing sectors to look at options for towing industry oversight began earlier this month, with additional meetings being held in early 2014. An advisory group on towing and an advisory group on vehicle storage will participate in the next stage of consultations, with the goal of submitting recommendations to government in February 2014.
•The Auto Insurance Cost and Rate Reduction Strategy was introduced as part of the 2013 Ontario Budget. Within the next two years, Ontario is targeting an average 15 per cent auto insurance rate reduction — with an average eight per cent reduction target by August 2014.
•The government expects the report on 2013 fourth quarter rate approvals from the Financial Services Commission of Ontario in January 2014 to provide the first evidence that the Cost and Rate Reduction Strategy is working.
•To date, the government has taken action to address 18 of the 38 recommendations made by Ontario’s Auto Insurance Anti-Fraud Task Force aimed at preventing fraud and helping protect consumers.

Category : Auto Insurance

Holiday Office Hours of Operation Dec 2013 / Jan 2014

Thu, 19th December, 2013 - Posted by - Comments Off on Holiday Office Hours of Operation Dec 2013 / Jan 2014

Expo Insurance Brokers Inc, Holiday Office Hours.
Tues Dec 24 2013 – 9am to Noon.
Wed Dec 25 2013 – Closed
Thurs Dec 26 2013 – Closed
Tues Dec 31 – 9am to 3pm
Wed Jan 01 2014 – Closed.

Merry Christmas and Happy New Year to all our Valued Clients.
Thomas Taborowski
Principle Broker Expo Ins Brokers Inc.

Category : Uncategorized

Expo Ins Brokers “Were Moving” Client Contest 2013.

Thu, 19th December, 2013 - Posted by - Comments Off on Expo Ins Brokers “Were Moving” Client Contest 2013.

Congratulations to our Winner Jennifer Persampieri who entered our Contest and won a $250 Visa Card. Jennifer’s ballot was drawn in our Office by Mr. Steve Thorogood Business Development Manager of Intact Insurance Co of Canada.

Thanks to all our valued Clients who entered the Contest.

The Expo Insurance Team.

Category : Uncategorized

How Home Insurance Premiums are Calculated by Intact Ins Co.

Wed, 11th December, 2013 - Posted by - Comments Off on How Home Insurance Premiums are Calculated by Intact Ins Co.

HOW HOME INSURANCE PREMIUMS ARE CALCULATED

Insurance involves the pooling of funds from many customers to pay for the losses that some customers may incur. The premium that is determined is based on the likelihood of how frequently events may happen.

At Intact Insurance we take a unique approach to determining what your home insurance will cost. We look at all your needs and your lifestyle and determine a price based on your property, contents and personal experience that is specific to you. We consider many variables that differentiate you from any other homeowner.

HOW PREMIUM DOLLARS ARE USED

When insurance companies collect premiums, that money is used to pay for claims, government taxes, and to cover costs related to operating a business. Insurance companies also set aside a large amount of this money, called a reserve, in order to respond quickly should a catastrophe occur, which would result in a large number of claims in a short period of time.

The remaining money that is not needed on a daily basis is invested by insurers. Investing the money is necessary because it allows insurance companies to offset the large costs of claims by making a return, and the insurance industry has always generated positive investment returns (IBC).

PREMIUMS AND DEDUCTIBLES

Most insurance policies have a deductible; deductibles are the portion you agree to pay when you need to make a claim. It is then deducted from the amount of your claim that your insurance company pays. Therefore, it is your part of the cost of a claim.

You can reduce the amount of your premium by increasing your deductible amount. But it is essential to weigh your options carefully when choosing a deductible amount. Talk to your insurance broker about the deductible level that is right for you.

Where your premium payments go

FACTORS CONSIDERED IN DETERMINING YOUR HOME INSURANCE PREMIUM

Some of the factors we consider when calculating your premium:
• Where you live – Some locations have a higher risk of crime, burglary, sewer back-up and weather related events, resulting in a higher premium.
• How close you are to fire fighting support – Urban areas are closer to fire fighting support, generally resulting in a lower premium.
• How much protection you require – If you need or want more insurance protection for your home and property, then your premium will be higher than someone who needs or wants less protection.
• The age of your home and the home’s condition – Property rates are generally lower for newer homes because the plumbing, wiring and roofs generally have fewer problems, which means fewer claims.
• If you live or work in the home – Empty or unoccupied properties are more prone to vandalism and theft. Also, running a business or having tenants results in a higher premium due to additional items in the home.
• How many claims you have made – The greater number of years claim free, the greater the reduction in your premiums.
• How long you have lived at your current address – Statistics show that customers who have lived in the same residence for longer periods of time make fewer claims. This can contribute to a lower premium.
• Maturity – As you age, your premium amount will typically decrease.
• Loss prevention – Investing in devices to protect against burglary, fire and water damage can lower your insurance costs either directly via a discount or by preventing and minimizing losses, which results in fewer claims.
• If you own your home outright – If you own your home completely without any mortgages, you’ll have more money to maintain your home, resulting in fewer claims. This can be a factor resulting in a lower premium.
• How your home is heated – Homes that use oil as their primary heat source and wood for secondary heat source tend to have more fire claims and will therefore increase your insurance premium.
• If your home is built for or used by multiple families – If your home has more than one self-contained living unit, or you share your property with unrelated individuals, it may be considered a multi-family dwelling. In these instances, there are more items that need to be covered by insurance and more opportunities for larger claims.

WAYS TO REDUCE YOUR HOME INSURANCE PREMIUM

Many factors act together to determine the premium you pay. Below are actions you can take to better protect you and your home, and reduce your premium.
• Evaluate your coverage needs each year: Your homeowner’s insurance coverage should accurately reflect your home’s current value and condition, as well as any major improvements or purchases.
• Implement fire, theft and water damage preventative measures: These include but are not limited to: installing alarm systems, water sensors, main line back-water valves, alarmed sump pumps, and tankless water heaters, as well as performing regular maintenance to your electrical, plumbing, heating and roof.
• Ask about discounts you may be eligible for: Talk to your broker to find out if you qualify for any additional discounts such as those for being mortgage or claims free.
• Bundle: Consider buying homeowners and automobile insurance coverage from the same company.
• Don’t switch insurance companies before the end of your policy term: If you wait until your policy is renewing, you may avoid a cancellation penalty.
• Use your good credit: Where permitted, allowing your broker to soft check your credit can result in preferred pricing. Intact Insurance will only use this information to help determine your premium; we will never raise your rates or cancel your policy because of it.
• How much coverage is enough? Work with your broker to determine exactly what level of coverage you need for coverage options that might have some flexibility such as how much you are covered for sewer back up coverage.
• Pay your premium annually to avoid any service fees or interest charges.

Category : Education / Home Insurance / Homeowners

Driverless Cars and the Future of Insurance.

Thu, 5th December, 2013 - Posted by - Comments Off on Driverless Cars and the Future of Insurance.

Driverless Cars and the Future of Insurance, by Steve Anderson.

I am becoming convinced that the impact of this technology on the insurance industry will be sooner and greater than most people currently realize. While the future is notoriously difficult to predict, the following are a few reasons why I am paying attention.

In 2008, a driverless car could go about two miles on a closed course. In 2012, Google’s driverless cars logged over 300,000 miles on actual roads. The technology appears to be developing faster than most realize.

Volvo—known for auto safety—predicts they will be able to eliminate crashes for anyone driving its cars by 2020. That’s less than seven years from today. Nissan has also announced similar plans. It seems that Google has sparked a technology development race in the auto industry—and this will spur rapid technology innovation.

If accidents are reduced, claims will drop. Google predicts it can eliminate 90% of auto accidents. While this number is hard to believe today, even if the drop is only 25% of today’s level, a $1,000 car insurance policy would drop to $750. What happens to industry revenue including insurance agents’ commissions?

This advance will disrupt other industries. If there are fewer accidents, we will need fewer emergency rooms, hospitals, doctors, prescriptions, tow trucks, collision repair shops, and replacement automobiles. How will each of these industries respond? And the need for insurance for each of these industries will be reduced further, affecting insurance agents and carriers.

A full self-driving car may be less of an issue in the near future than driver assistance safety technology. These systems are already being included in new cars and may have a much larger, and earlier, impact on claims cost.

The U.S. Department of Transportation is already working to require black boxes and back-up cameras in new cars. The government could be pushing the use of this technology to help control health insurance cost and to reduce the need for new roads and road expansion. That will accelerate adoption.

It may be that countries outside the United States will adopt this faster than here. Think about China and Brazil.

As an industry, we should begin thinking and talking about these issues now. While this is not a trend we can stop—we can start thinking about how to adapt. In the last five years, there has been a continued progression of companies that have gone out of business because they were not able to look into the future and take appropriate steps to adapt.

Daniel Burrus, in his book Technotrends: How to Use Technology to Go Beyond Your Competition, said, “If it can be done it will be done. If you don’t do it, someone else will.”

Steve Anderson is a leading authority on insurance agency technology. He is a prolific writer known for his knack for translating “geek speak” into easily understood concepts. Check out his free weekly newsletter “TechTips” and other resources for the insurance industry on his website.

Category : Auto Insurance / Education

Reminder to our Clients.

Mon, 2nd December, 2013 - Posted by - Comments Off on Reminder to our Clients.

As a valued client of Expo Insurance Brokers Inc , recently you would have received a letter advising you we are moving of office location and informing you we are running a Christmas Contest for our Clients. Don’t forget to enter today just follow the rules and instructions on your letter and you will be entered to win.
Good Luck

Category : Uncategorized

Merry Christmas From Expo Insurance Brokers Inc.

Mon, 2nd December, 2013 - Posted by - Comments Off on Merry Christmas From Expo Insurance Brokers Inc.

Happy Holidays from Expo Insurance!
This Holiday season, Expo Insurance is proud to support the Yonge Street Mission Dinner Program. Every year, the mission receives over 40,000 families seeking nourishment. Around the Holidays, the mission provides special meals and toys for all those in need. Visit the website for more information: http://www.ysm.ca/

Expo hasn’t stopped there. As a company we also support the Salvation Army Mississauga Temple. Our yearly donations assist the running on various programs, and assist those in need during the holiday and winter season. We encourage you to support a local charity or one of those listed above this Christmas. Visit the website for more information: http://www.mississaugatemple.com/
Working together with you in the community we Live, we are honored to help these well deserving organizations and encourage you to as well.

From all of us at Expo, we wish you a safe and happy holiday, Merry Christmas and Happy New Year.

Category : Community / Expo Insurance staff

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