Insurance & Risk, Analysis, Events and Careers
Claims
An “unprecedented” snowstorm that resulted in a provincial state of emergency in Manitoba and left more than 100,000 hydro customers without power does not seem to be a significant event so far from a claims perspective. In the past week, a mix of heavy rain and snow fell across the southern and southeastern portions of […]
By Jason Contant | October 16, 2019
2 min read
Talent shortage and keeping pace with change are two of the top issues facing claims professionals over the next three to five years, but that’s just the start of their concerns. Meeting policyholders’ service level expectations and the volatility of claims patterns are also on their radar. “When I think about service delivery … my […]
By Adam Malik | October 16, 2019
3 min read
Starting next year, Axis Capital Holdings Ltd. will stop writing new insurance and facultative reinsurance for oil sands extraction and pipeline projects. Pembroke, Bermuda-based Axis writes commercial specialty and reinsurance. Its new thermal coal and oil sands underwriting and investment policy takes effect Jan. 1, Axis Capital said Wednesday in a release. “AXIS will not […]
By Greg Meckbach | October 16, 2019
CALGARY – The Alberta government is joining a class-action lawsuit to recoup health-care costs related to the opioid crisis, the province’s health minister said Tuesday. Tyler Shandro said there were almost 800 fatal overdoses and 4,200 emergency calls related to opioids in the province last year alone. “Albertans have paid a high price for the […]
The old saying “It’s what’s on the inside that counts” is something insurance leaders need to take to heart when trying to get young people interested in their company, experts told a recent conference. Plastering your company name on the side of a building on an attractive sign might be enough to catch the eye […]
By Adam Malik | October 15, 2019
Concerns about climate change from human-produced greenhouse gas emissions may have prompted the world’s largest property and casualty reinsurer to stop writing some business for oil sands sites, according to an unverified document obtained by Canadian Underwriter. Facultative reinsurance covers and primary insurance business, including renewals, may not be signed for the planning, financing, construction […]
By Greg Meckbach | October 15, 2019
WINNIPEG – Nearly 21,000 Manitoba homes and businesses remained without power early Monday in the wake of a snowstorm that the province’s Crown energy utility said had left an unprecedented amount of damage to transmission lines, towers and more, and will take days to repair. “In some areas, we have more lines and poles down […]
By Jason Contant | October 15, 2019
Rogue employees may be plotting ways to cause damage to your clients’ business. How to advise your clients on managing the risk
October 12, 2019
4 min read
Saskatchewan’s government-run auto insurer has won a victory of sorts before the Supreme Court of Canada arising from a disputed accident benefits claim, although the carrier lost its key argument. Canada’s top court announced Thursday it will not hear an appeal from Linda Gardipy, who was injured Jan. 31, 2011 in a motor vehicle accident. […]
By Greg Meckbach | October 11, 2019
Canadians are seemingly drowning in confusion when it comes to flood risk, according to a recent survey of 1,700 Canadians. The survey on flood risk, commissioned by RSA Canada and World Wildlife Fund Canada (WWF-Canada), produced some seemingly self-contradictory findings. For example, despite nearly a third (31%) of respondents telling the study that they’re worried […]
By Adam Malik | October 11, 2019
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.