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The Lloyd’s market has seen some “remarkable technologies” emerging recently, Marc Lipman, president of Lloyd’s Canada, said during the virtual IBAO Convention late last month. “A couple of Canadian-based companies have travelled to London to work through the Lloyd’s lab because they get such immediate collaboration with the market, with underwriters,” Lipman said during the […]
By Jason Contant | November 2, 2021
2 min read
Ontario brokerage StoneRidge Insurance Brokers (SIB) has entered into a partnership with Underwriters Alliance, Inc. (UAI) to expand its service offering in group benefits and human resources services. In another announcement, large brokerage Navacord said it had completed the integration of two existing brands. SIB Corp., operating as StoneRidge Insurance Brokers, made their partnership announcement […]
ST. JOHN’S, N.L. – A suspected cyberattack on Newfoundland and Labrador’s health network has led to the cancellation of thousands of medical appointments across the province and forced some local health systems to revert to paper. The “brain” of the network’s data centre, operated by Bell, has been damaged, including the main and backup computer […]
3 min read
Businesses in Canada, with 62 attacks, are the third most likely worldwide to have their data held hostage, said new research by NordLocker. Researchers, who analyzed 1,200 companies hit by ransomware gangs in 2020 and 2021, said the U.S. (732 cases), U.K. (74), France (58) and Germany (39) filled out the top five. As for […]
By Phil | November 1, 2021
Despite facing prolonged supply chain disruptions, rising materials costs and labour shortages, the construction industry is set to lead economic recovery from the COVID-19 pandemic globally, and in Canada. Although the near-term global economic outlook remains clouded by surging inflation and supply chain bottlenecks, the global construction industry is expected to grow faster than the […]
Hard markets are not only tough on the entire insurance industry, they can also disrupt the way brokers are perceived by their clients. Canadian Underwriter’s Trusted Advisor 2021 survey contained several responses that revealed low levels of satisfaction and the hard market may have been a contributing factor. For example, upon renewal of a policy, […]
VICTORIA – The BC Coroners Service has released updated numbers showing 595 people died in the province during extreme heat events over the summer. That’s an increase from the 569 deaths confirmed by the coroners service at the end of July. A statement from the coroner and the Ministry of Public Safety says all the […]
By Jason Contant | November 1, 2021
It’s not due entirely to the pandemic but brokerage customers are more open to digital documents and focused on convenience, said panellists during an Insurance Brokers Association of Ontario (IBAO) virtual convention session. And whether those documents are delivered by email, text, an online portal or even on paper, customers’ consistent message is that they […]
By Phil | October 29, 2021
Editor’s Note: In honour and celebration of Women and Insurance Cancer Crusade (WICC)’s 25th anniversary, Canadian Underwriter will be publishing each Friday a personal story of someone who has been touched by WICC’s fundraising activities in support of cancer care and research. In this second part of the series, there will be five stories, starting […]
By Jason Contant | October 28, 2021
HALIFAX – Legislators on both sides of the Nova Scotia-New Brunswick boundary say efforts to safeguard their area from a potential climate disaster have dragged on too long. An engineering study commissioned to develop “three viable solutions” to the risk of the 35 kilometres of dikes being overwhelmed on the Chignecto Isthmus, which straddles the […]
4 min read
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