Industry
After a 25-year stint at RSA Canada, Donna Ince has joined Economical Insurance as vice president, personal insurance, regional operations. Ince joined Economical Monday, a spokesperson for Waterloo, Ont.-based Economical told Canadian Underwriter Tuesday. Ince worked at RSA Canada until October 2020, most recently as senior vice president, personal insurance. She was RSA Canada’s executive […]
By Greg Meckbach | May 4, 2021
2 min read
Canada’s federal solvency regulator is expecting high-quality submissions from property and casualty insurers for the last comprehensive “public quiz” before the IFRS 17 insurance accounting standard goes live on Jan. 1, 2023. Tara-Lea Herkert, director of the capital division of the Office of the Superintendent of Financial Institutions (OSFI), said the regulator wants a better […]
By Jason Contant | May 4, 2021
3 min read
TORONTO – Canadian auto sales in April were up 254 per cent compared with the same month last year, when sales plunged due to lockdowns in the early stages of the COVID-19 pandemic. According to estimates compiled by DesRosiers Automotive Consultants, Canadian auto sales totalled 162,455 units last month, up from just 45,833 units in […]
1 min read
Partner Content
This past year has tested everyone’s resilience, positivity, patience and productivity. Most have had to work differently – at home, balancing the kids, home cooking and virtual meetings. It is understandable that some people’s overall wellness may have suffered. Gyms are closed and we no longer have the walk across the office to get that […]
May 4, 2021
4 min read
Although American inventor and Founding Father Benjamin Franklin was not referring to insurance when he penned the famous words “time is money,” today’s risk managers should take the expression to heart if they wish to reduce their companies’ claims costs. The more time it takes to resolve a claim, the more expensive the claim will […]
By Adam Malik | May 3, 2021
Ontario’s Licence Appeal Tribunal (LAT) has ordered a cost award of $8,598.95 against Security National Insurance Company for failing to confirm receipt of an auto accident victim’s disability certificate and then not replying to her follow-up correspondence for more than a year. “The [auto insurance] applicant is a vulnerable individual because she was injured in […]
By David Gambrill | May 3, 2021
The parent company of Northbridge Insurance took a stand against cutting staff due to the pandemic. “One of the things we did last year is we said [to the president of each Fairfax-owned insurer], ‘You cannot use COVID-19 as a reason to reduce staff, to fire people.’ These are our loyal employees. They have been […]
By Greg Meckbach | May 3, 2021
Growing your sales team involves a variety of tactics — including protecting your strengths (strong salespeople and existing customers) — and avoiding the “first-year turnover problem,” says a new blog from Harvard Business Review. Organizations need to be purposeful about what more salespeople will do for them, as well as what kinds of results to […]
By Jason Contant | May 3, 2021
MONTREAL – The COVID-19 pandemic, a dockworkers strike and a rail blockage hit the Port of Montreal, which saw its cargo volumes fall in 2020 for the first time in seven years. The port says its volumes fell 14 per cent to 35.1 million tonnes last year. As a result, its net profit was cut […]
Ontario NDP MPP Guy Bourgouin (Mushkegowuk-James Bay) has officially introduced a motion calling on the provincial government to tackle rising insurance costs faced by owner-operators. “Today is a victory for all the truckers in northern Ontario and across the province who are facing crippling costs in their industry. The passing of this motion in the […]
By Adam Malik | April 30, 2021
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