Industry

Your work is about to change. Why working from home won’t be the same

Working from home more often means a change to the way property and casualty insurance industry professionals do their jobs, as well as the expectations between employee and employer, according to an expert from Aon. “Part of your job duties, they’re going to change now,” observed Robin Daddar, Toronto-based vice president and senior consultant of […]

By Adam Malik | July 5, 2021

4 min read

Industry

In crosshairs of ransomware crooks, cyber insurers struggle

BOSTON — In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks they themselves apparently suffered. Cybercriminals who hack into corporate and government networks to steal sensitive data for extortion routinely try to learn how […]

By Adam Malik | July 5, 2021

6 min read

Industry

5 skills insurance pros need in a more virtual world

Everyone in the insurance industry today must have a minium of five skills, and companies need to hire and manage to these skills, according to an insurance executive. Digital skills, emotional intelligence, resiliency, people-centricity, and being a team player are all must-have skills, according to Erin Fischer, senior vice president and chief claims and regional […]

By Adam Malik | June 30, 2021

3 min read

Industry

BrokerLink’s take on the surging demand for brokerage M&A

EDITOR’S NOTE: This article has been corrected to show that BrokerLink has over $2 billion of written premiums. A previous version of this article icorrectly stated the Intact subsidiary had more than $2.5 billion in premium overall, about $700 of million of which is in commercial lines. Canadian Underwriter apologizes for the error. The […]

By Jason Contant | June 30, 2021

3 min read

Northwest Territories government to pay repair costs from spring flooding

YELLOWKNIFE – The government of the Northwest Territories says it will cover the cost to repair or replace homes damaged by spring flooding. The government says 70 homes were affected in Fort Simpson, 16 to 18 in Jean Marie River and 10 in Fort Good Hope after rivers rose to historic levels, which forced entire […]

1 min read

Old equipment causing new problems for insurers

Insurers are getting a front-row seat in learning the risks that come from aging renewable energy-producing equipment, says an industry expert. The last 15 years have seen a spark in growth in the area of renewable energy development, particularly in wind and solar. But, similar to the cars we drive, these machines are reaching the […]

By Adam Malik | June 30, 2021

2 min read

U.K. underwriting group buys Toronto-based insurer

Accelerant Holdings has entered into the Canadian market with a share purchase agreement that includes the parent company of Toronto-based Omega General Insurance Company. Accelerant is a London, U.K.-headquartered underwriting group that works exclusively with MGAs and program administrators in the United States and U.K. The share purchase agreement between Accelerant and Till Capital Corporation […]

2 min read

Evacuation alerts issued for areas near two out-of-control wildfires in B.C. Interior

The B.C. Wildfire Service is dealing with two out-of-control blazes in the Interior that have prompted evacuation alerts. The McKay Creek fire was discovered Tuesday burning about 23 kilometres north of Lillooet, and has grown to approximately 50 square kilometres as a result of the hot and dry conditions. The Squamish-Lillooet Regional District has issued […]

1 min read

The essence and future of WICC

Editor’s Note: This article is Part 2 of a two-part story honouring the 25th anniversary of the Women in Insurance Cancer Crusade (WICC). Part 1 appeared in Canadian Underwriter‘s e-Newlsetter on Tuesday, June 29. Women in Insurance Cancer Crusade (WICC) first broke the taboo of talking about a cancer diagnosis in the mid-1990s, founded […]

6 min read

Home renovations during COVID: What your clients need to know

With more of your clients staying home during the pandemic, more are renovating their homes. And that means your clients need to make sure that they have the right insurance coverage in place, and that the renovations are properly reflected in their total insurance coverage, a Travelers Canada executive said Friday. Depending on the renovation […]

4 min read