Insurance & Risk, Analysis, Events and Careers
Industry
A central Ontario long-term care home devastated by an outbreak of a highly contagious variant of COVID-19 is facing a proposed class-action lawsuit from residents’ families who allege their loved ones were neglected by those charged with keeping them safe. The unproven statement of claim filed to the Ontario Superior Court of Justice alleges Roberta […]
By Jason Contant | February 5, 2021
4 min read
Globally, the COVID-19 pandemic may not have affected insurers’ balance sheets in the same way that weather-related disasters did in 2020, but the industry is now much more aware of the impact of multiple catastrophe scenarios unfolding at once, an Aon report suggests. As a result, Aon’s CEO Greg Case predicts that private insurers will […]
By David Gambrill | February 4, 2021
3 min read
Messaging around distracted driving hasn’t worked, so it’s time to come up with a new strategy to reduce driving risk, a panellist on a recent webinar suggested. Instead of saying how bad it is to be distracted, insurers and governments should be educating drivers to scan their surroundings for threats, said Jay Winsten, director at […]
By Adam Malik | February 4, 2021
The number of mergers and acquisitions in the Canadian P&C insurance space (mostly involving brokerages) has hit double digits already this year, with two large brokerages contributing to the latest round of deal-making. Hub International announced Tuesday that it had acquired Saskatchewan-based John Galon Insurance Services Ltd. and Galon Management Ltd. (Galon Insurance Brokers); Navacord […]
By Jason Contant | February 4, 2021
2 min read
Two Toronto-area retirement homes imposed restrictions on visitors coming from an Ontario region at the centre of a more potent COVID-19 outbreak over the weekend as officials in another district said the more contagious U.K. virus variant had surfaced there as well. Shannex Inc,. confirmed Sunday that its two retirement facilities in Toronto and neighbouring […]
The former president and CEO of reinsurer SCOR Canada, Joseph El-Sayegh, has joined Quebec brokerage Lussier Dale Parizeau (LDP). LDP announced El-Sayegh’s appointment as regional vice president, commercial services and practice leader in risk management, effective Jan. 11. Among other offerings, LDP works with nearly 70 insurers to provide personal auto and home, commercial, life […]
By Jason Contant | February 3, 2021
The number of carriers supporting Canada’s residual market for high-risk auto insureds is shrinking thanks to a combination of player withdrawal and mergers and acquisition activity. Tackling this issue is one of a number of priorities for the Facility Association as it embarks on a new five-year strategic plan. The Facility Association Residual Market (FARM) is […]
By Adam Malik | February 3, 2021
VICTORIA – Almost three million drivers in British Columbia will receive COVID-19 insurance rebate cheques next month that average about $190 each, Premier John Horgan said Tuesday. The Insurance Corporation of British Columbia will return $600 million in net savings to policy holders in March because there have been fewer accidents and claims during the […]
Intact Financial Corporation has appointed a senior executive at the Bank of Canada, Carolyn A. Wilkins, to join the insurer’s board of directors. The appointment comes as all P&C insurance companies in Canada grapple with the economic downturn arising from the global COVID-19 pandemic. “We are pleased to welcome Carolyn Wilkins to the board of […]
By David Gambrill | February 2, 2021
High-tech security and identity protection company Sontiq announced Tuesday it had signed a definitive agreement to acquire CyberScout, a major provider of cyber products and services tailored to the insurance industry. “Through Sontiq’s comprehensive product portfolio, major insurance carriers, mutual insurers, and reinsurers will benefit from increased cybersecurity education, protection, forensics, incident response and resolution […]
By Jason Contant | February 2, 2021
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.