Partner Content
This past year has tested everyone’s resilience, positivity, patience and productivity. Most have had to work differently – at home, balancing the kids, home cooking and virtual meetings. It is understandable that some people’s overall wellness may have suffered. Gyms are closed and we no longer have the walk across the office to get that […]
May 4, 2021
4 min read
Industry
Although American inventor and Founding Father Benjamin Franklin was not referring to insurance when he penned the famous words “time is money,” today’s risk managers should take the expression to heart if they wish to reduce their companies’ claims costs. The more time it takes to resolve a claim, the more expensive the claim will […]
By Adam Malik | May 3, 2021
3 min read
Ontario’s Licence Appeal Tribunal (LAT) has ordered a cost award of $8,598.95 against Security National Insurance Company for failing to confirm receipt of an auto accident victim’s disability certificate and then not replying to her follow-up correspondence for more than a year. “The [auto insurance] applicant is a vulnerable individual because she was injured in […]
By David Gambrill | May 3, 2021
The parent company of Northbridge Insurance took a stand against cutting staff due to the pandemic. “One of the things we did last year is we said [to the president of each Fairfax-owned insurer], ‘You cannot use COVID-19 as a reason to reduce staff, to fire people.’ These are our loyal employees. They have been […]
By Greg Meckbach | May 3, 2021
2 min read
Growing your sales team involves a variety of tactics — including protecting your strengths (strong salespeople and existing customers) — and avoiding the “first-year turnover problem,” says a new blog from Harvard Business Review. Organizations need to be purposeful about what more salespeople will do for them, as well as what kinds of results to […]
By Jason Contant | May 3, 2021
MONTREAL – The COVID-19 pandemic, a dockworkers strike and a rail blockage hit the Port of Montreal, which saw its cargo volumes fall in 2020 for the first time in seven years. The port says its volumes fell 14 per cent to 35.1 million tonnes last year. As a result, its net profit was cut […]
Ontario NDP MPP Guy Bourgouin (Mushkegowuk-James Bay) has officially introduced a motion calling on the provincial government to tackle rising insurance costs faced by owner-operators. “Today is a victory for all the truckers in northern Ontario and across the province who are facing crippling costs in their industry. The passing of this motion in the […]
By Adam Malik | April 30, 2021
Ignoring the successes, failures and lessons learned by other industries and not applying them within the world of property and casualty insurance is a big mistake some in the industry may be making, according to a panel of experts during a recent webinar. P&C pros need to see what strategies other industries are implementing and […]
CALGARY – The Canada Energy Regulator says it has decided to grant a request by the operator of the Trans Mountain pipeline to protect the identity of its insurers in its regulatory filings. In a ruling, the federal regulator says it accepts Trans Mountain’s argument that identifying its insurers could be expected to make it […]
By Jason Contant | April 30, 2021
Last year was challenging for aviation insurers’ customers but there are many signals that it may be wheels up towards a recovery. While there is increasing demand for regional airlines, that doesn’t mean it’s clear skies for challenges. The airline sector went into a tailspin following the suspension of international travel due to COVID-19. In […]
By Adam Malik | April 29, 2021
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