Insurance & Risk, Analysis, Events and Careers
Industry
The insurance industry should not be surprised by the fact there was a global health pandemic, a senior P&C industry exec says, adding that COVID-19 is not likely to change industry fundamentals significantly, since nothing new was brought to the table as a result of it. It may seem like an odd thing to say, […]
By Adam Malik | December 10, 2020
3 min read
There’s good news and bad news when it comes to insurance industry employees clicking on phishing email links, according to a recent study from a Laval, Que.-headquartered security awareness training firm. The good news is that global “finance & insurance” employees were the second-best sector in terms of not clicking on a phishing link. The […]
By Jason Contant | December 10, 2020
SUSSEX, N.B. – A New Brunswick woman finds herself still stranded a week after flooding washed out a bridge to her home. Mary Ann Coleman of Waterford, N.B., in the southeast of the province, says she knew there was a problem when the Trout Creek, which runs in front of her property, spilled its banks. […]
2 min read
On the day before heavy, wet snow and slush graced the streets of southern Ontario, the provincial government passed a law Tuesday that brokers believe will make it easier for them to find insurance coverage for snow removal contractors. The Insurance Brokers Association of Ontario (IBAO) said it’s optimistic that “Bill 118 will encourage more […]
By David Gambrill | December 9, 2020
Intact Financial Corporation was holding focus groups on diversity and inclusion a few months ago, when a young manager of colour shared her experience with the insurer’s senior management. “She gave an example to us, which struck most of the management team,” recalled Louis Marcotte, senior vice president and chief financial officer at Intact Financial […]
By Jason Contant | December 9, 2020
They say timing is everything, and that is particularly true of brokers working with underwriters. The earlier underwriters can tell brokers about the market challenges they are facing, what they deem to be an important part of a submission, and whatever pertinent information they can provide about writing a particular risk, the better the industry […]
By Adam Malik | December 9, 2020
EDMONTON – An Edmonton man sentenced to 3-1/2 years in prison for breaking a woman’s arms with a crowbar in a road-rage attack has lost an appeal of his conviction. Jared Eliasson was granted bail in December 2019, moments after he was sentenced, pending the appeal. Eliasson, who is in his early 30s, was acquitted […]
Electronic auto theft, high-end vehicles stolen for shipment overseas, and street racing are three emerging trends coming out of Insurance Bureau of Canada’s (IBC) list of Top 10 stolen vehicles in 2020. Electronic auto theft is on the rise across the country, as more vehicles are equipped with technology like keyless entry remotes, according to […]
By Jason Contant | December 8, 2020
FORT MCMURRAY, Alta. – More than seven months ago, Cora Dion and her husband fled Fort McMurray for the second time in four years as a spring flood threatened their home in northern Alberta. They returned to a soggy mess in the basement, a dispute with their insurance company and the near-foreclosure of their home […]
4 min read
When it comes to regulating “Best Terms Pricing” in Canada, Canadians, politicians and insurance regulators be forewarned: Be careful what you wish for. Banning the practice in a hard commercial lines market could wind up making things worse for consumers, not better. This point was made generally in a recent email to Canadian Underwriter from […]
By David Gambrill | December 7, 2020
5 min read
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