Claims

Economical demutualization complete, IPO raises $1.6 billion

Economical Insurance announced Tuesday it has completed its demutualization, the first property and casualty insurer in Canada to do so. Economical’s corporate parent, Definity Financial Corp., said Tuesday it has raised “aggregate gross proceeds” of about $1.6 billion in an initial public offering of stock. Swiss Re Investments Holding company is expected to own nearly […]

By Greg Meckbach | November 24, 2021

2 min read

What OSFI’s insurance head says about return-to-work

Staff retention, professional development and the risk of worker isolation are among the factors the industry needs to think about when deciding on an approach to working remote or in the office. “As the pandemic eases and restrictions are lifted, it will be important for organizations to determine what tasks can be effectively performed off […]

By Greg Meckbach | November 19, 2021

2 min read

Saskatchewan to amend employment act to recognize workplace sexual harassment

REGINA – Saskatchewan is proposing to amend its employment act to recognize sexual harassment in the workplace. The government has introduced legislation to make it clear that any unwelcome action of a sexual nature constitutes harassment. The amendment also covers independent contractors, students and volunteers. Labour Relations and Workplace Safety Minister Don Morgan says it’s […]

By Jason Contant | November 19, 2021

1 min read

Supreme Court of Canada rules against BC trial lawyers in disputed subrogated Ontario auto claim

If the Trial Lawyers Association of British Columbia had its way, auto insurers would have an incentive to go the “extra mile” in trying to find reasons to deny claims, two Supreme Court of Canada judges suggested in a decision released Thursday. In Trial Lawyers Association of British Columbia v. Royal and Sun Alliance Insurance […]

By Greg Meckbach | November 18, 2021

5 min read