Industry

Why auto rates are increasing despite fewer drivers on the road

Average auto insurance rates rose in Canada during the second half of 2020 despite the COVID-19 pandemic and lockdowns that led to fewer drivers on the road, a new report from LowestRates.ca found. The average auto insurance premium climbed by about 30% in Alberta, 17% in Atlantic Canada and 4% in Ontario over the course […]

By Jason Contant | March 6, 2021

3 min read

By how much productivity for restoration firms dropped in the pandemic

The head of a claims restoration company says it’s reasonable to believe that productivity in his company and the industry as a whole has dropped by nearly 20% due to the global COVID-19 pandemic. That would be on par with recent empirical studies that said construction projects in both the United States and United Kingdom […]

By Adam Malik | March 6, 2021

3 min read

COVID’s impact on P&C insurance in 2021? All bets are off for Aviva’s CEO

Having reported improved financial results for Aviva Canada in 2020, Aviva Canada’s CEO Jason Storah has his sights set on what the future may hold for 2021 — and frankly, all bets are off. “It’s such a volatile environment, one of the things that I’ve decided to do a long time ago is to stop […]

By David Gambrill | March 6, 2021

4 min read

B.C. eases requirements, extends deadline for small business recovery grants

VICTORIA – The B.C. government has eased the eligibility requirements and extended the deadline for small and medium-sized businesses applying for funds under its $345-million pandemic recovery grant program.   Businesses with up to 149 employees must now show a 30 per cent drop in revenue in any one month between March 2020 and the time […]

By Jason Contant | March 5, 2021

3 min read