Industry
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
3 min read
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
VICTORIA – A second insurance rebate is coming for British Columbia drivers thanks to lower claim costs due to fewer crashes during the COVID-19 pandemic. The government says the Insurance Corporation of B.C. will begin distributing rebates averaging $120 starting in mid-July, returning about $350 million to almost three million customers. Solicitor General Mike Farnworth […]
By Jason Contant | June 14, 2021
1 min read
Brokers are naturally social people. So how do they respond when they’re cut off from their typical social gatherings and unable to interact with people the way they’re used to? If they’re like people in other professions, it’s a heavy mental toll that has a heavy financial cost for employers, brokerage experts suggested during a […]
By Adam Malik | June 11, 2021
Canada’s property and casualty insurance industry should look towards the global insurance market for some insights about how to increase take-up rates, particularly among marginalized and low-income people, speakers said Thursday at the CatIQ Connect virtual conference. In the global market, insurers will work with partners, non-governmental organizations, community finance institutions, and not-for-profit and community […]
By Jason Contant | June 11, 2021
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