OTC Insurance, a Nova Scotia home, auto, marine and commercial insurance broker talks about a drug-related insurance lawsuit It’s a story that could almost be included as a plot in a Cheech & Chong movie. At the very least, it’s one of those crazy insurance claim stories. An insurance company, Nationwide Mutual Fire Insurance of Columbus, Ohio, [...]

OTC Insurance, a home insurance broker located in Halifax, Nova Scotia, talks about an interesting idea put forth regarding homeowners’ oil tanks. Sorry about the dramatic headline, but it seemed rather appropriate for this week’s post. The annual general meeting of the Insurance Brokers Association of B.C. was on May 9 and the president of [...]

OTC Insurance, a Nova Scotia-based broker for home, auto and marine insurance talks about a proposed bylaw in B.C. that has serious ramifications for providers of marine insurance. It’s a bylaw that would mean big business for marine insurance providers. The mayor of Vancouver, Gregor Robertson, has put forward a proposal that companies who ship [...]

OTC Insurance, an insurance broker located in Halifax, Nova Scotia, talks about how technology will be used to improve risk and damage assessment in the insurance industry. On the OTC Insurance blog, we’ve talked frequently about the effects severe weather occurrences are having on the insurance market. It seems like every week, a new report or [...]

OTC Insurance, a Nova Scotia insurance broker providing home, auto and commercial insurance, talks about recent predictions for the upcoming 2012 Atlantic hurricane season. Picking up on our last post where we talked about preparing for severe weather occurrences, the timing couldn’t be better for some predictions that recently came out. The Tropical Metorological Project [...]

OTC Insurance, a Nova Scotia auto insurance broker, talks about some wacky Canadian insurance claims. These are just too good to resist posting. Periodically, different insurers and organizations post stories about fraudulent claims that people (try to) make. Just a few days ago, the Insurance Bureau of Canada posted some doozies. Here are a couple of the [...]

OTC Insurance, an insurance broker providing property insurance in Nova Scotia talks about the implications severe weather has on insurance In a recent presentation in Saint John, the head of the Insurance Bureau of Canada talked about the effect severe weather is having. While he was talking specifically about what was happening in New Brunswick, he [...]

OTC Insurance Brokers Inc., a provider of marine insurance in Halifax, Nova Scotia, talks about a lawsuit put forth by some of the passengers and crew members who were aboard the Costa Concordia A U.S-based lawyer is representing more than 70 passengers and crew members of the Costa Concordia, the mammoth cruise ship that keeled over off [...]

OTC Insurance, a Nova Scotia-based insurance broker, discusses a recent survey which talked about the top concerns facing insurance brokers’ clients A recent survey is offering some insight into the eyes of insurance brokerages and what they feel are the top concerns of their commerical insurance clients. The survey was done by The Independent, a [...]

OTC Insurance, an insurance broker offering home, auto and commercial insurance in Halifax and Nova Scotia talks about the increased use of telematics and how it will affect people’s auto insurance policies. Simply put, telematics is a 21st century approach to pricing auto insurance which involves using technology to more accurately assess someone’s risk level. This [...]