Industry
TORONTO – Members of a sixth First Nation in northwestern Ontario are being evacuated due to the threat posed by wildfires. The Ontario government says about 200 members of the Wabaseemoong First Nation are expected to be evacuated from the community by end of day Thursday. The Ministry of the Solicitor General says the First […]
By Jason Contant | August 5, 2021
1 min read
COVID-19 has “forced” companies in Canada and the U.S. to accelerate digital transformation efforts, and property and casualty brokerages are no exception. According to Ernst & Young (EY), this sudden accelerated digitization has been “forced” on Canadian companies “in ways that few could have expected” – from remote work to the rapid ramp-up of ecommerce […]
By Jason Contant | August 4, 2021
2 min read
Two hailstorms in late July have resulted in about 2,500 property and auto claims to date, a spokesman for Saskatchewan Government Insurance (SGI) told Canadian Underwriter Tuesday. The storms ripped through Saskatchewan on July 22-23 and July 27-28. The larger of the storms resulted in 2,018 weather-related claims (1,379 auto and 639 property), said Tyler […]
TORONTO – North American markets moved up on the first day of August trading in Canada, even as concerns mount around rising COVID-19 case counts in the U.S. Scott Guitard, senior vice-president and portfolio manager at Fiduciary Trust Canada, said it was a typically slow start to the summer month in terms of volume. However, […]
3 min read
With C-Suite email credentials sold on the dark web for as little as $250 per user, Canadian CEOs could become increasing targets for “spear-phishing” attacks, a cyber insurance provider warns. The digital scam involves sending fraudulent emails from what appears to be a trusted source, asking the recipient to reveal confidential information. In a cyber […]
By Jason Contant | August 3, 2021
As more Canadian property and casualty insurance professionals shift to a hybrid workplace, it will be important for remote workers to remain visible while the rest of their colleagues are in the office. To be viewed as a valued team member, workers should overdeliver to guard against the negative assumptions that come with remote work, […]
4 min read
VANCOUVER – Two groups focused on environmental issues are calling on the British Columbia government to come up with a plan to track “heat dome injuries” following record-setting temperatures that are also linked with 570 deaths in the province over a one-week period. Representatives of the Canadian Association of Physicians for the Environment and the […]
Average personal auto premium renewal rates in Canada continued their downward trend in the second quarter of 2021, while personal property (homeowners) renewal rates remained up over the same period, according to Applied Systems’ latest premium rate index. In Q2 2021, quoted personal auto premium renewal rates decreased 10.6% compared to Q2 2020, and decreased […]
By Jason Contant | July 30, 2021
Aviva Canada is reporting a spike in insurance claims that involve misrepresented addresses, leading one executive to call for greater awareness around the issue. According to chief claims officer Bryant Vernon, Aviva Canada data shows a 9.1% increase in Ontario and almost 7% increase in national address misrepresentation claims, when comparing pre-COVID times (April 2019-March […]
Nova Scotia motorists with RSA insurance policies can renew through RSA until November 4, the province’s auto insurance regulator said in its July 28 ruling on Intact Insurance Company’s rate filing. On June 1, Intact Financial Corp. closed its acquisition of RSA Canada, as well as some of RSA’s operations outside of Canada. “Intact does […]
By Greg Meckbach | July 30, 2021
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