Insurable Interest Canadian Insurance Blog

Palo Alto, CA (Oct. 5, 2023) — SkyWatch, a leader in digital insurance for the aviation industry, is proud to announce the strategic acquisition of Droneinsurance.com’s assets. This collaboration brings together two innovative platforms, to offer clients a seamless experience with more options. It marks a significant milestone in the drone insurance sector and underlines SkyWatch’s commitment to providing unmatched coverage and service to drone operators across North America. Under the partnership, customers of Droneinsurance.com will now be seamlessly transitioned to the SkyWatch platform for their insurance needs. This move guarantees a smoother experience for Droneinsurance.com clients while opening up a new world of enhanced possibilities for coverage and support through SkyWatch’s comprehensive offerings. Existing Droneinsurance.com policyholders will continue to be handled by droneinsurance.com, ensuring they receive the same dedicated service they are accustomed to. Upon policy renewal, these policyholders will be offered the option to seamlessly transition to SkyWatch. SkyWatch’s array of insurance policies, including hourly, monthly, and annual options, cover a wide spectrum of drone operators — from small photography businesses to inspection services, drone deliveries, light shows, and beyond. With coverage available in all 50 U.S. states and Canada, SkyWatch has firmly established itself as a pioneer...

Peterborough, ON (Oct. 5, 2023) — DKI Canada is pleased to announce the expansion of DKI – CRCS with its new Peterborough location. DKI – CRCS strategic outreach now encompasses the Durham region, culminating in the establishment of an additional branch in the Peterborough area. “We are excited to embark on this new journey with the opening of our Peterborough office,” said Ryan, Matt and Kyle Douglas, owners of DKI – CRCS. “This expansion represents a significant milestone in our company’s growth and reflects the dedication and hard work of our team. We look forward to building strong relationships with our new community and providing them with the same top-notch restoration services, that our existing customers have come to know and trust.” “The Peterborough community has always been a special place for our family, as Cris Douglas our founder and dad grew up in Peterborough. And to make it even more special, our grandmother was part of the Peterborough swim club, a team that won medals at the Pan-Am Games back in the 1950s. So, Peterborough and the nearby areas hold a special place in our family history, and the fact that we’re now expanding our business to serve this...

Toronto, ON (Oct. 4, 2023) – Navacord is excited to announce their recent partnership with Unity Managing Underwriters Ltd., effective as of August 1. With roots dating back to 1997, Unity Managing Underwriters is based in Toronto and specializes in creditor, life, disability, and extended warranty products for personal and commercial vehicles. Unity is well-known for their work dealing with clients in the financial sector and automotive dealerships. “We’re confident that joining Navacord will enrich Unity’s product development while expanding our dynamic business mindset and model,” says Tony Guarini, Vice President, Unity Managing Underwriters. “Navacord’s well-established presence in the automotive space will lend well to our client offerings, and we look forward to further developing their MGA roster as well.” This move underscores Navacord’s ongoing commitment to enhancing their expertise and presence in the MGA space, an area that Canada’s fourth-largest commercial brokerage has been strategically focusing in since the formalization of their Underwriting Solutions department in 2022. “Our partnership with Unity Managing Underwriters is another step towards ensuring Navacord Broker Partners have access to best-in-class placements and products for their clients within our many industry sectors,” says T. Marshall Sadd, Executive Chairman, Navacord. “We welcome Unity to the Navacord...

Aviva and RentHaven partner on new offering to market Toronto, ON (Oct. 4, 2023) – Aviva Canada is pleased to announce it has partnered with RentHaven Inc., a technology company that provides an exciting new alternative to large upfront security and last month’s rent deposits, to help lower costs and boost affordability for residential tenants – a first in Canada. The partnership aligns with Aviva Canada’s commitment to bring value through innovative solutions to partners. The RentHaven product† replaces traditional cash deposits with a bond guaranteed by Aviva. Through RentHaven’s technology platform, tenants pay only a small monthly fee, freeing up cash for things like buying furniture, RRSP contributions or other moving expenses. Landlords are fully protected and have a powerful tool for attracting renters and improving the tenant experience. “Many renters are straining under the pressure of rising rents and trying to keep up with inflation and the cost of living,” said Andy Armstrong, Head of Developer Surety & Home Warranty, Aviva Canada. “This first-of-its-kind partnership is the way of the future. We are making things easier for Canadians renting, they will no longer have to pay large upfront deposits and at the same time, protecting landlords from unpaid...

Mississauga, ON (Oct. 3, 2023) – First Onsite Property Restoration, Canada’s leading property restoration company, has opened a new operations branch in Trois-Rivières, Quebec. Trois-Rivières is the next step in the company’s expansion plans. Already the largest full service commercial and residential restoration provider in the province, the new branch joins First Onsite’s flagship Montréal/Dorval branch, its Quebec City and Gatineau branches, and its branch in Sainte-Agathe-des-Monts, QC., serving the Laurentians. The branch will serve the restoration, remediation and reconstruction needs of both existing and new customers in the Trois-Rivières and Shawinigan regions. “Trois-Rivières and Shawinigan have strong manufacturing, transportation and logistics industries, bolstered by tourism and an emerging hospitality sector that can benefit from having a restoration provider with our experience,” said Barry J. Ross, Executive Vice President, First Onsite Property Restoration. “The new office allows our team to be closer to many of our commercial and residential customers and insurance partners. We have already carried out major recovery and restoration work in the region and it’s a market that First Onsite knows well. We look forward to continuing to provide best-in-class restoration services to our customers.” This new branch is supported by Martin Kack, Operations Manager, Eastern Quebec,...