Industry
Many commercial clients are “hurting” because of COVID-19, but once the pandemic is over, small businesses currently under lockdown could see their insurance rates rise, Intact Financial Corp. executives suggest. “The biggest difference between the environment in which we operate and the post-pandemic environment is [in] the lines of business where there are gaps in […]
By Greg Meckbach | May 26, 2021
3 min read
The Trial Lawyers Association of British Columbia is asking Canada’s top court to essentially make a “new law” barring a liability insurer from taking an off-coverage position after starting to defend a tort claim if the insurer previously had “presumed knowledge” — as opposed to actual knowledge — of a policy breach. On May 17, […]
By Greg Meckbach | May 25, 2021
5 min read
More than one year into the COVID-19 pandemic, there has been a massive, “overnight” shift in employers’ appetite towards employee benefits plans, Hub International speakers said during a recent webinar. “There’s a fast movement towards wellness, virtual services, virtual health and virtual counselling in this current environment,” Joanne Rose, a senior benefits consultant at Hub, […]
By Jason Contant | May 25, 2021
Municipal insurance rates have been rising significantly and the only way to bring them down isn’t only in the hands of the insurance industry, according to a brokerage leader. It’ll take a team effort from multiple parties. Canadian municipalities have seen rates go up over the last decade in both liability and property areas, said […]
By Adam Malik | May 25, 2021
TORONTO – An Ontario court has ruled that the Iranian military’s downing of a passenger jet early last year was an intentional act of terrorism, paving the way for relatives of those killed to seek compensation from the country. In the decision, Ontario Superior Court Justice Edward Belobaba found on a balance of probabilities that […]
By Jason Contant | May 21, 2021
A new report shows not a whole lot has changed when it comes to how many extra hours people are putting in while working at home during the COVID-19 pandemic. Last summer, virtual private network provider NordVPN Teams reported that Canadian workers were spending two hours more per day working — an increase of almost […]
By Adam Malik | May 21, 2021
Market conditions have led to broken talent pipelines which, in turn, have had a negative effect on companies being able to have a proper diversity, equity and inclusion (DE&I) program, a financial executive told a group of risk managers recently. The market implosion, a byproduct of pandemic-induced business lockdowns, is at least partially responsible for […]
By Adam Malik | May 20, 2021
Employers in the Canadian P&C insurance industry must shift their role to supporting employees and their families following more than a year of working from home to prevent the spread of COVID-19, Hub International speakers said during a webinar Wednesday. “We know that if employers take care of their employees, the employees will take care […]
By Jason Contant | May 20, 2021
Economical Insurance has “overwhelming support” from policyholders to demutualize. This is the result of the third and final policyholder vote, held Thursday. “We expect to be a public company by the fall of this year,” Economical Insurance CEO Rowan Saunders said in an interview with Canadian Underwriter after the vote. This means that Waterloo, Ont.-based […]
By Greg Meckbach | May 20, 2021
4 min read
When acquiring talent, organizations should consider using employee data to glean insights into the best internal hires for their teams, one tech vendor suggests. There has been some debate within the Canadian P&C industry about whether to look outside the company — or even the entire industry — to acquire talent. But ZL Technologies Inc., […]
By Jason Contant | May 19, 2021
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