Industry
A lack of scrutiny around the risk being taken on and a flawed claims process bit the cyber insurance market hard, especially over the last year, according to experts in the field. Now, they added, there are signs that insurers are starting to right the ship. After being hit with sky-high loss ratios driven by […]
By Adam Malik | June 17, 2021
3 min read
While George Costanza may claim that his entire life is a lie, most people will tell about 200 lies a day — and many to themselves about what they’re doing and what they can actually accomplish, according to an expert speaking recently to risk professionals. There are tools people can use to reduce those lies, […]
HALIFAX – Cynthia Fernandez said her personal sense of responsibility for the safety of her clients led her to publicly disclose that her staff were vaccinated against COVID-19 earlier this spring. “I think a lot of people are nervous still about coronavirus,” the owner of Cambridge, Ont.-based Accurate Auto Appraisal said in an interview. “We […]
By Jason Contant | June 17, 2021
5 min read
Ryan Michel, president and CEO of Allstate Insurance Company of Canada, has been elected chairman of Insurance Bureau of Canada (IBC)’s board of directors. Michel has more than two decades of industry experience. He is accountable for the Allstate Canada Group of Companies’ property and casualty insurance business, including Allstate Canada, Pembridge Insurance Company, Pafco […]
By Jason Contant | June 16, 2021
2 min read
While things may not get any worse in the directors and officers (D&O) liability market, it’ll still be about another 18 months until things start to turn for the better, an expert in the area predicted. “I don’t see it getting worse at this juncture, but certainly not to suggest it’s going to change for […]
By Adam Malik | June 16, 2021
This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Well into the pandemic’s second year, we are beginning to see light on the horizon. We’re not out of the woods here in Canada. As […]
4 min read
It’s reasonable for your boss to ask you to dress appropriately for video calls with clients, but brokers can also reasonably ask for flexible work hours, says an expert from Aon. No matter what the expectations may be, companies and staff need to take into consideration a proper balance of what employers need and what […]
By Adam Malik | June 15, 2021
At Jeremy Shaki’s tech education company, his workforce of around 75 people weren’t always so keen on remote work. But as the pandemic stretches on, and Lighthouse Labs invested more into the necessary infrastructure and employee programs to make remote work more enjoyable, perceptions have changed. “As September to November of last year progressed, we […]
By Jason Contant | June 15, 2021
The insurance industry needs to look at the “more recent past” and take a shorter-term view of catastrophic perils to see their effects going forward, Swiss Re told Canadian Underwriter recently. “When we’re looking at recent events, including the 2020 hail event in Calgary, does that change our view at all on the frequency and […]
Less than two weeks after the takeover of RSA plc closed, the insurers who bought RSA are now agreeing to sell RSA’s former operation in Denmark. At the moment, Toronto-based Intact Financial Corp. owns half of Codan Forsikring A/S’s Danish business, a property and casualty insurer known as Codan DK. The other half of Codan […]
By Greg Meckbach | June 15, 2021
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