Navacord’s Banner Year Continues With the Addition of Hoffmann Kool Insurance & Life Line Insurance

Navacord Corp., a leading insurance and risk management brokerage, is pleased to announce their strategic expansion in Saskatchewan with the addition of Hoffmann Kool Insurance and Life Line Insurance, effective October 1, 2019.

Both Hoffmann Kool and Life Line have proudly served the business, personal and life insurance needs of Saskatchewan communities for over thirty years. Located in Saskatoon, both offices will remain under the management of their current leadership teams.

“With eleven partnerships announced so far in 2019, we have tripled our business in five short years,” said T. Marshall Sadd, Executive Chairman of Navacord. “We are pleased at how our business model resonates with brokers and consider 2019 to be a banner year.”

“We are tremendously excited about the opportunity to join Navacord,” said Darryn Knibbs, President and CEO of Hoffmann Kool and Life Line Insurance. “Our desire was to remain an independent business but have the benefits of being part of a bigger, national broker. This is exactly what we are achieving by joining Navacord.”

This marks the second Broker Partner announcement in one week, following the addition of Vancouver Island-based Waypoint Insurance Services.

“Navacord is excited to be expanding in Saskatchewan as we focus on building the business in the province,” said Shawn DeSantis, President and CEO of Navacord. “Hoffman Kool and Life Line strategically expand our geographic footprint and increase our expertise in the province. We look forward to working with the Hoffman Kool and Life Line teams.”

About Hoffmann Kool Insurance

Hoffmann Kool Insurance has been providing a broad range of Personal and Commercial Insurance Products and Motor Vehicle Licensing for over 30 years. They pride themselves on being Saskatoon’s locally owned insurance experts who work hard to take care of their clients. Their team strives to deliver an exceptional client experience through their knowledge, technical expertise and friendliness. They know insurance can be a bit confusing which is why they help to make things clear.

About Life Line Insurance Brokers

Life Line Insurance Brokers has been providing their clients a wide selection of products and services in Saskatoon and throughout Saskatchewan for over 40 years. The Life Line team work hard to ensure clients receive affordable, understandable insurance options from advisors who have earned their trust to help them at every stage of their life.

About Navacord

Headquartered in Toronto, Navacord’s group of companies include Broker Partners across Canada and Specialty Managing General Agents. Offering risk management and consulting solutions, Navacord is committed to the success of their clients and delivering expert advice in an increasingly complex world. Broker Partners deliver local, personalized service to their clients while being supported by the additional expertise, resources and efficiencies of a national brokerage. Navacord is the preferred partner for entrepreneurial insurance brokerages seeking to collaborate and grow while maintaining their unique identity and culture.

Chubb Charity Challenge Approaches the $17 Million Mark Over 20 Years of Charitable Giving

Annual Golf Tournament Series Raises Nearly $1 Million for Second Consecutive Year, with Two Charities Receiving Top Prize of $50,000

WHITEHOUSE STATION, N.J., Oct. 3, 2019 /CNW/ — Last week, forty-five teams from across North America – the winners of regional golf events held throughout the year – competed in the 20th annual Chubb Charity Challenge tournament finals, held September 22-25 at The American Club in Kohler, WI. This year, two teams tied for first place and were crowned champions of the annual event: Lloyd Sadd Insurance Brokers (Lloyd Sadd), playing on behalf of Little Warriors; and IMA Select, playing on behalf of Hillcrest Ministries of MidAmerica, Inc. Each of the winning teams will present a $50,000 check to its chosen charity.

In total, more than 300 teams participated in the 2019 Chubb Charity Challenge, raising nearly $1 million this year for charities across the U.S. and Canada. Every team that participates in the tournament finals wins money for its charity. The amount each team wins depends on where they finish among the field upon conclusion of the two-day finals tournament.

“The Chubb Charity Challenge is an important annual tradition that underscores Chubb’s commitment to giving back to the communities where we live, work and serve,” said Chris Maleno, Division President, Chubb North America Field Operations. “As we celebrate its 20th anniversary, Chubb recognizes and thanks our network of brokers and agents that has participated in the Chubb Charity Challenge over the last two decades and contributed to its success – raising nearly $17 million to-date for worthy causes throughout North America.”

The Chubb Charity Challenge invites agents, brokers and clients to golf in regional tournaments hosted by local Chubb branches. Competing on behalf of their selected charities, the winning team from each regional tournament advances to the national tournament.

According to T. Marshall Sadd, executive chairman of Lloyd Sadd, winner of the Calgary regional, “Little Warriors, based in Edmonton, AB, is a charitable organization committed to the awareness, prevention and treatment of child sexual abuse. It is incredibly rewarding for our company to win $50,000 for a charity that is doing so much good within our community, and we are so appreciative of Chubb for this opportunity.”

The other winning team – IMA Select, winner of the Kansas City regional – played for Hillcrest Ministries of MidAmerica, Inc., which provides transitional housing and other programs that combat homelessness.

“This donation will help make a tremendous difference in Hillcrest Ministries’ ability to serve families in need,” said Jason Bottorf, Kansas market leader for IMA Select. “Words cannot describe how proud and honored we are to be able to deliver a check for $50,000 to this worthy cause. We are so thankful to Chubb for hosting this event and creating this platform for us to give back to our community.”

To find out more information about the Chubb Charity Challenge, including highlights of participating teams and the charities that have benefitted, visit chubb.com/CharityChallenge.

About Chubb
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs more than 30,000 people worldwide. Additional information can be found at: chubb.com.

Chubb Insurance Company of Canada has offices in Toronto, Calgary, Montreal and Vancouver and provides its products and services through licensed insurance brokers across Canada. For additional information, visit: chubb.com/ca.

SOURCE Chubb

Related Links

https://www.chubb.com/us-en

Navacord’s local touch expands by 18 offices in B.C. with Waypoint Insurance, the largest, independently owned brokerage on Vancouver Island

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Duuo launches Rent-my-Stuff, Canada’s first peer-to-peer rental insurance

Today, Duuo, a digital insurance brand created by The Co-operators, announced its launch of Rent-my-Stuff Insurance, Canada’s first on-demand digital insurance for peer-to-peer sharing platforms.Now available through Traveling Munchkin, a Canadian platform that allows parents to find and rent baby gear from local families, Rent-my-Stuff Insurance provides protection for peer-to-peer rental specific damages and losses.

This development reflects Duuo’s continued commitment to creating innovative insurance products that fit the needs of Canadians participating in a fast-paced and ever-changing digital economy. Rent-my-Stuff Insurance was developed by Duuo through their partnership with Slice Labs Inc. (Slice), the first on-demand insurance platform provider supporting tomorrow’s cloud-based, on-demand digital services ecosystems.

“Peer-to-peer rentals are emerging as the next phase of the sharing economy, with Canadians gravitating towards platforms like Traveling Munchkin to rent their personal equipment as a way to earn additional income,” says Robin Shufelt, Managing Director of Duuo. “One of the biggest barriers to adoption in the rental market, especially for those looking to rent out their belongings, is the fear of damage. Our goal with Rent-my-Stuff Insurance is to provide protection and peace-of-mind for those looking to rent their personal equipment.”

Participation in the sharing economy has grown by 25 per cent in the past year and shows no signs of stopping.1 Similar to short-term home rental platforms like Airbnb, peer-to-peer sharing empowers people to monetize underutilized assets and earn additional income.  Like any form of rental, peer-to-peer sharing comes with risks. Rent-my-Stuff Insurance is designed to provide protection for the associated losses or damages.

The launch of Rent-my-Stuff Insurance through Traveling Munchkin represents Duuo’s first step into peer-to-peer personal equipment rental insurance. “We’re so thrilled to be partnering with Duuo,” says Samantha Vlasceanu, Founder of Traveling Munchkin. “With Duuo, I finally found an insurance partner who understood the sharing economy and was able to accommodate the unique needs of my users.”

Duuo is actively engaging with other rental platforms and looks forward to announcing their next peer-to-peer partner in the coming weeks.

The Co-operators:

The Co-operators Group Limited is a Canadian co-operative with more than $41.7 billion in assets under administration. Through its group of companies, it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the Best Employers in Canada by Aon Hewitt and Corporate Knights’ Best 50 Corporate Citizens in Canada. For more information, visit www.cooperators.ca.

SOURCE The Co-operators

Related Links

www.cooperators.ca

ILScorp celebrates it’s 20th anniversary with another successful Intact Commercial Producer School

ILScorp celebrates it’s 20th anniversary with another successful Intact Commercial Producer School

The 2019 Intact Insurance Commercial Producer School was an amazing success!

Students from Ontario, BC, Alberta, Saskatchewan and Manitoba all attended this year’s 20th Annual Intact CPS course at the Westin Bear Mountain Golf Resort, Victoria BC from September 23 – September 27, 2019.

“Twenty years ago, our founder Steve Hawriskok, had a vision for a sales school dedicated to teaching young Commercial Producers the ART of Commercial Insurance Sales.

Twenty years later, we are still teaching the ART of Commercial Insurance Sales combined with the SCIENCE of Behaviour Selling taught exclusively in Canada for Intact Insurance Company.

We thank Intact Insurance for your support, all our former students for your patronage, and our fantastic instructors, Todd Hochban, Wayne Kehl and Debbie Kehl for your dedication to innovation and excellence. We are proud of our past and excited about our future.”

“Great job by all the students! Truly an UNBELIEVABLE class.”  Ken MacRae, President and CEO of ILScorp.

The five-day course included a curriculum that provided in-depth coverage on ideal selling practices; structured to combine group activities, case studies, structured feedback, and sales techniques within a community-oriented network.

Together with Intact, ILScorp, West Coast Training and Dynamic Leadership Inc, a structured training program for sales preparedness included:

  • Four-Step Sale Process,
  • Sales Training & Selling Techniques,
  • Building Value to Overcome Objections,
  • Strategies to Overcome Price Objections,
  • Ways to Deal with Prospects,
  • Exceed Customer Expectations,
  • Underwriter Attention and Support
  • Customer Knowledge
  • Social Media and Branding Strategy
  • Rounded knowledge of the industry from a broker and company perspective
  • Relationship building with Intact / ILScorp / West Coast Training and Dynamic Leadership

ILS Learning Corporation, Learn more, EARN more!

#insurance #broker #education #training #intact

Mississauga man owes $800K in medical bills after travel insurance claim denied

Pat Foran, Consumer Reporter, CTV News Toronto

A Mississauga man who took a trip to Las Vegas now owes a U.S. hospital more than $800,000 in Canadian funds after his travel medical insurance claim was denied.

Clifford MacAuley says that when he took his trip in July, he thought he had the proper travel insurance.

When he went to Las Vegas with his brother, MacAuley was recovering from a heart operation that took place two months earlier. Four days into the trip he had a heart attack.

“They took me to the Las Vegas hospital where they pronounced me dead and then they brought me back to life.”

To save his life, doctors had to give MacAuley a pacemaker. They checked to see if he had travel medical insurance before proceeding with the operation—and he did. But while MacAuley was recovering, the hospital told him his medical coverage had been denied.

They gave him a bill for $662,476 U.S., which is equal to $877,207 Canadian.

MacAuley is 68 years old and on a pension. He says he can’t afford to pay the bill.

“I’m not going to freak out because I don’t have it. I have three fender guitars and about 1000 videos. They can take them if they want I don’t care.”

MacAuley paid $116 for the travel insurance policy with RBC. A spokesperson told CTV News Toronto it was a sad situation but that “Mr. MacAuley had pre-existing medical conditions and was on home oxygen prior to travel. This classified him as “not medically stable” in the six months before travel. For these reasons, Mr. MacAuley’s claim was denied.”

A spokesperson for The Valley Health System in Las Vegas said for privacy reasons it could not discuss MacAuley’s case, but did say patients need to contact the billing department to discuss payment options.

RBC said it had to pay $50,000 to fly MacAuley home in an air ambulance. The RBC spokesperson said people need to understand the type of coverage they’re purchasing and that 98 per cent of its travel claims are paid out to clients.

MacAuley says there is no way he can pay the hospital the money.

“Even if I was to live to 150 years old, I just can’t pay it back.”

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