Industry
OTTAWA – The federal Liberals are facing calls from some of the hardest-hit businesses in the pandemic to use the coming budget to extend emergency relief programs beyond June, saying many will still need help even as the economy picks up. The government has targeted June 5 for an end to the federal wage and […]
By Jason Contant | March 24, 2021
3 min read
The Hartford Financial Services Group Inc. announced Tuesday its board of directors is not in favour of a US$23 billion takeover offer from Chubb Limited. Both Chubb and Hartford own Canadian property and casualty commercial insurers. Zurich, Switzerland-based Chubb announced Mar. 18 that it was offering to buy The Hartford for US$65 per share, a […]
By Greg Meckbach | March 24, 2021
2 min read
With road traffic down due to stay-at-home orders and business closures to prevent the spread of COVID-19, the frequency of auto collisions in Canada was halved at one point, according to a new report. But police data show the fatality rate actually went up, suggesting the crashes were more severe. In reviewing auto insurance trends […]
By Adam Malik | March 23, 2021
Very young workers at your brokerage or insurance company are the “overlooked demographic” that may be suffering the most as we pass the one-year anniversary of working from home during the pandemic, according to a recent survey from Microsoft Corp. Sixty percent of Gen Z workers — roughly those between the ages of 18 and […]
By Jason Contant | March 23, 2021
OTTAWA – An internal review says the RCMP routinely flouted its own policies when gathering information from the internet, potentially endangering investigations and prosecutions. The newly released audit report says many members across the RCMP use “open source information” in the course of investigations, intelligence gathering, research and engaging with the public. The national police […]
CAA Insurance has seen driving halved since the start of the COVID-19 pandemic, according to its president. Through its pay-as-you-go program, MyPace, and what customers have told the insurer about the number of kilometres they are now travelling, CAA president Matthew Turack said the insurer has seen driving drop by about 50% over the past […]
By Adam Malik | March 22, 2021
COVID-19 may have affected the earnings of individual P&C insurers unevenly, but the industry’s overall capital base reached the unparalleled height of $52.6 billion during the first three quarters of 2020, according to the Property and Casualty Insurance Compensation Corporation (PACICC). “This is the most capital that insurers have ever held in Canada,” PACICC board […]
By David Gambrill | March 22, 2021
VANCOUVER — Police say cryptocurrency scams cost victims in the Vancouver-area about $2 million in just one week and investigators believe the frauds are becoming more common. Vancouver police Const. Tania Visintin says she knows of at least four active cases where large amounts of money have been lost. She says a single victim was […]
Chubb Limited is offering to buy The Hartford Financial Services Group Inc. for about US$23 billion. Chubb and Hartford each own property and casualty commercial insurers in Canada. Chubb is based in Zurich, Switzerland, while Hartford is based in the U.S. state of Connecticut. Hartford said Thursday it “is carefully considering the proposal with the […]
By Greg Meckbach | March 19, 2021
1 min read
REGINA — The Saskatchewan government has removed a stand of trees that was near the site of the deadly Humboldt Broncos bus crash three years ago. Sixteen people were killed and thirteen others injured when a semi-truck driver missed a stop sign at a rural intersection and drove into the path of the junior hockey […]
By Adam Malik | March 19, 2021
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