1+ week, 5+ day ago (395+ words) Most would rather delete their social media or build furniture than deal with their coverage That's'not an exaggeration. A new survey from TD Insurance'asked Canadians what'they'd'prefer to do instead of reviewing their'home and auto insurance policies for potential savings." More than half (57%) said'they'd'rather'delete'their'favourite'social media or phone'app;'52% said'they'd'rather assemble kit furniture,'45% would rather call their boss "mom,' 43% would rather do their taxes, and 37% would rather sit in traffic.' Younger Canadians are even more likely to avoid reviewing their coverage "76% of Gen-Z'and'74% of Millennials " compared to the general population (57%)." This survey'of 1,527'respondents'comes at a time when many are feeling financial pressures from the rising costs'of living. Yet'Canadians are'finding other ways to cut back on spending, even though they might be eligible for insurance discounts." More than half (58%) of Canadians say'they're'tired of worrying about budgeting. And when'asked how'they'save extra money each month, 46% say…...

17+ hour, 19+ min ago (876+ words) A recent UCP resolution proposes repealing Care-first and returning to "at-fault" based insurance Last weekend"s United Conservative Party of Alberta (UCP) annual general meeting heard a resolution to repeal the province"s upcoming auto insurance reform, set to take effect Jan. 1, 2027. The policy resolution was presented at UCP"s annual general meeting in Edmonton at the end of November, receiving about 75% support on the convention floor. It proposes repealing the upcoming care-first legislation and returning to "at-fault" based insurance. "Repealing the no-fault insurance legislation in Alberta and returning to a tort-based system aligns with conservative values by promoting personal responsibility and accountability, ensuring fair compensation based on fault and reducing fraudulent claims," the resolution reads. "This approach encourages safer driving behaviours and ensures that only legitimate claims are compensated." But "Alberta drivers should be quite concerned" by the call…...

4+ week, 9+ hour ago (613+ words) Agentic AI could make this happen " but it will depend on how insurers collect, manage and protect their Big Data Can you imagine a completely automated Managing General Agent (MGA) using artificial intelligence to serve its insurance company and brokerages partners? That day is coming with the rise in agentic AI, says Sridhar Manyem, senior director at AM Best. Mayhem was speaking about the applications and implications of agentic AI on the insurance industry at AM Best's Insurance Market Briefing, held in Toronto last Thursday. "In terms of insurance, [people] are starting to talk about agentic AI," Manyem said. "Agentic AI is not just one AI engine, but it is a artificial intelligence ecosystem that can perform a specific goal with limited supervision. So, for example, it can be a MGA, right? "An automated MGA takes submissions from various clients,…...