Insurance & Risk, Analysis, Events and Careers
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Older green energy equipment is not equipped with the latest technology to protect it from increasingly severe weather events, meaning more claims activity for insurers, according to an expert in the area. Insurers have been seeing the effects of climate change on the property side of their books for some time, but now they are […]
By Adam Malik | July 13, 2021
2 min read
Nova Scotia motorists who consent to a “soft” credit check from Economical Insurance will soon be eligible to get a discount on their auto premium, the province’s regulator announced Monday. The Nova Scotia Utility and Review Board (NSURB) has already allowed some carriers — including RSA, Aviva, and The Co-operators — to start using credit […]
By Greg Meckbach | July 13, 2021
3 min read
THUNDER BAY, Ont. – An organization representing 49 First Nations in northern Ontario is urging the province to declare a state of emergency over wildfires that it says are threatening several remote communities. The Nishnawbe Aski Nation says the declaration is needed to trigger an immediate response to the situation, including aircraft and watercraft for […]
By Jason Contant | July 13, 2021
1 min read
The recent case of Surespan Structures Ltd. v. Lloyds Underwriters presents a cautionary tale for underwriters. Underwriters will want to consider the principles expressed in this case. Among them, if limits to coverage are intended, then clear limits should be expressed with respect to each grant of coverage. As in statutory interpretation, there is a […]
By David Gambrill | July 12, 2021
4 min read
Canada’s lack of skilled workers means construction projects may not be hitting the mark in terms of quality and craftsmanship, leading to the greater likelihood of an insurance claim. It’s already happening, observes Darren Tasker, head of energy and construction in Canada for Allianz Global Corporate & Specialty. “We saw it from the insurance side […]
By Adam Malik | July 12, 2021
MaryKate Townsend of Pacific Marine Underwriting Managers (PMU) has been named president of The Canadian Association of Managing General Agents (CAMGA), a national trade association representing MGAs in Canada’s property and casualty insurance industry. Michael Lough of Intact Public Entities is chairman of the board. Commenting on her new role as president, Townsend said she […]
By Jason Contant | July 12, 2021
TORONTO – Companies looking to purchase insurance against cyberattacks in which their data is held for ransom will soon find it more expensive and difficult to obtain, according to a cybersecurity expert. Brent Arnold, a partner at law firm Gowlings WLG in Toronto, said Canada is facing a proliferation of criminal attacks that use software […]
How brokers view their work is changing, and brokerage principals need to keep pace with these new expectations, says an executive at Ontario’s broker association. Employers in industries across the board are figuring out how (and whether) their staff will return to the office. If brokerages haven’t already started planning their return to the office, […]
By Adam Malik | July 9, 2021
COQUITLAM, B.C. — British Columbia Premier John Horgan says he will lobby Prime Minister Justin Trudeau to deploy Canada’s military to help clear fire danger zones to prevent future wildfires. Trudeau and Horgan met Thursday with local government and First Nations leaders to discuss the recent wildfire devastation in the village of Lytton and the […]
It’s important to practice good safety measures to help avoid the most common accidents. Your RV customers will know there’s nothing like exploring the countryside from the comfort of an RV. With almost every convenience at your fingertips, you can feel like you’re always at home wherever you may be. However, it’s important to remember […]
July 9, 2021
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