Industry

Two options for cyber insurers dealing with huge loss ratios

Insurers will be forced to make tough decisions about how they offer cyber coverage, thanks to claims going through the roof this year and losses piling up across the board, a cycler expert recently told Canadian Underwriter. Insurers will have to decide whether they’ll respond to the spike in cyber claims by reducing capacity or […]

By Adam Malik | November 27, 2020

3 min read

Insurers now treating distracted driving as ‘major’ conviction

In keeping with actions previously taken by Canada’s auto insurers, Northbridge General Insurance Company will start treating driving while using a hand-held communication device as a major conviction for the purpose of setting insurance rates in Nova Scotia. The change takes effect Jan. 4, 2021 for new business and Feb. 4, 2021 for renewal business, […]

By Greg Meckbach | November 27, 2020

3 min read

Trudeau expects most Canadians could be vaccinated by September 2021

Prime Minister Justin Trudeau pushed back against critics of his government’s COVID-19 vaccination plan with assurances most Canadians would be inoculated by September 2021, with a former NATO commander leading distribution. Trudeau announced Friday that Maj.-Gen. Dany Fortin will lead the nation’s vaccine distribution efforts, overseeing logistics that include cold storage requirements, data sharing, and […]

By Adam Malik | November 27, 2020

2 min read

The financial benefits of improving diversity and inclusion

Improving diversity and inclusion (D&I) in insurance companies has a positive impact on the business above and beyond compliance and the reputation of the organization, speakers said recently at a virtual industry event. Some of the benefits include better talent and promotion opportunities, and greater innovation and employee engagement. Strong D&I data can even have […]

By Jason Contant | November 26, 2020

3 min read