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Heartland Farm Mutual Inc. and The Kings Mutual Insurance Company have reached an agreement to merge under the name Heartland Farm Mutual Inc. Waterloo, Ont.-based Heartland Farm Mutual and Berwick, N.S.-based The Kings Mutual Insurance Company announced the proposed merger Monday. Policyholder meetings are planned for May 2021, with a proposed effective date for amalgamation […]
By Jason Contant | January 18, 2021
3 min read
Better engagement with customers and the ability to respond quickly to change are just two reasons why the leader of one of Canada’s biggest direct insurance companies sees an advantage for companies like his over competitors that sell through the broker channel, all of which is being enforced thanks to the COVID-19 pandemic. Better engagement […]
By Adam Malik | January 18, 2021
Betty Clarke recently received the highest honour for risk managers in Canada. One example of why she is deserving of such recognition lies in how she helped her employer prepare to absorb a drastic insurance rate increase. Clarke is the manager of corporate risk and recovery for the City of St. John’s. She prides herself […]
By Adam Malik | January 15, 2021
Saint John, N.B., is rebuilding its computer network rather than submitting to criminals who launched a cyber attack against the city in November. City manager John Collin updated council Monday on the city’s efforts to rebuild its IT system following a ransomware attack; he said no ransom was paid. Hackers launch ransomware attacks by infecting […]
By Jason Contant | January 15, 2021
2 min read
Expanded opportunities for digital transformation are one of the key reasons behind Westland Insurance Group Ltd.’s recent acquisition of Storm Insurance Group, Westland told Canadian Underwriter Tuesday. British Columbia-based Westland closed its acquisition of Storm Jan. 7. Storm operates under several brands, including retail brokerages A.P. Reid, Sheppard and Axxium; group brokerage MyGroup; MGA Agile […]
By Jason Contant | January 14, 2021
Many brokers and insurers are treating cyber coverage the same way they would a generic home, auto or CGL cover, a cyber expert warns, and this is not only eroding the trust of clients, but also putting them at risk. Matt Cullina, managing director of global markets at CyberScout, says he’s seeing many antiquated cyber […]
By Adam Malik | January 14, 2021
HALIFAX – On the factory floor, masks were optional. Until last month, workers at TEC Business Solutions’s corrugated packaging plant in Mississauga, Ont. underwent a COVID-19 screening, had a temperature check and sanitized their hands – but once inside and at their own stations, they could remove their masks. “It gets really warm in there […]
4 min read
A new year brings new faces in new positions and the P&C insurance industry was no exception. NFP formed a new group with two veteran leaders, while Allianz Global Corporate & Specialty and Chubb Canada made new appointments. Brokerage NFP announced Evan Garner and Joe Seeger joined the company as managing directors and will lead […]
By Adam Malik | January 13, 2021
Brokers of all stripes have been especially taxed since the start of the COVID-19 pandemic, so it’s especially important to make the time to find opportunities to take a break, advised a national brokerage leader. Tina Osen, president of Hub International Canada, says brokers need to put value into finding the time to step away […]
VANCOUVER – The latest wicked weather to sweep across southern British Columbia downed trees and power lines in many areas and left thousands in the dark. Environment Canada says wind gusts topped 100 km/h in Victoria and the eastern Fraser Valley at the height of the storm early Wednesday. It had moved into the southern […]
By Jason Contant | January 13, 2021
1 min read
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