Industry
The new president of the Canadian Association of Managing General Agents (CAMGA) is looking to bring some recognition and change to the MGA industry during her two-year term. CAMGA president and board member MaryKate Townsend told Canadian Underwriter Friday that the association is working on educating brokers about the services that MGAs offer. Oftentimes, a […]
By Jason Contant | July 26, 2021
3 min read
The number and size of wildfires in northern Ontario this year are substantially higher than average, and have forced thousands of people to flee First Nations communities, the government said Monday. This year there have been 902 wildfires so far, nearly double the 10-year average of 520. More than 520,000 hectares have been burned by […]
2 min read
Crop insurance payouts in Alberta will likely reach about $1 billion later this year due to hot, dry weather that is contributing to severe drought conditions, Alberta’s Minister of Agriculture and Forestry said Thursday. “This year’s crop insurance claims will be comparable to 2002, when farmers and ranchers in Alberta collected about $1 billion after […]
By Jason Contant | July 23, 2021
Emmanuel Clarke, a former CEO of Bermuda insurer PartnerRe Ltd., is now on Intact Financial Corporation’s board of directors, Toronto-based Intact announced Thursday. Clarke, a French national, was appointed CEO of PartnerRe in 2016, shortly after EXOR S.p.A. completed its US$6.9-billion acquisition of PartnerRe. Hamilton, Bermuda-based PartnerRe writes reinsurance and commercial specialty insurance. “As a […]
By Greg Meckbach | July 23, 2021
RICHMOND, B.C. – Safety changes have been made after a WestJet Encore passenger plane went off a snow-covered runway in Terrace, B.C., last year. The Transportation Safety Board says in a report that the De Havilland aircraft was landing with 43 passengers and four crew aboard on Jan. 31, 2020. The report says the airport […]
1 min read
Editor’s Note: In honour and celebration of Women and Insurance Cancer Crusade (WICC)’s 25th anniversary, Canadian Underwriter will be publishing each Friday a personal story of someone who has been touched by WICC’s fundraising activities in support of cancer care and research. There will be four stories in all, starting this week with the personal […]
By David Gambrill | July 22, 2021
Clients looking for lifestyle products, such as boat or cottage insurance, are getting younger. How brokers can seize an opportunity
In planning their future hybrid offices, Canadian insurance industry employers will need to carefully consider office design approaches, a blog published Thursday by Harvard Business Review advises. “By all indications, the future of work is hybrid,” wrote Jim Keane and Todd Heiser in the blog, Strategies for Building a Hybrid Workplace that Works. “But getting […]
By Jason Contant | July 22, 2021
5 min read
OTTAWA – The C.D. Howe Institute says 70 to 75 per cent of Canadian passenger auto sales will have to be zero-emission vehicles by 2030 in order to achieve the federal government’s emissions targets. The think tank says about 7.7 million electric or other no emission-vehicles would be required to be on the road in […]
Statistics from Manitoba Public Insurance (MPI) show a definitive link between the lifting of COVID-19 public health orders and an increase in serious collisions and fatalities on roads in the province. Throughout the pandemic, Canadian Underwriter has reported auto insurer commentary and police data suggesting that the lockdowns drastically reduced auto collision frequency, while increasing […]
By Jason Contant | July 21, 2021
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