Insurance & Risk, Analysis, Events and Careers
Industry
When Bob Tisdale started his career about 40 years ago, insurers were more likely to get into financial trouble. “When I first started in this industry in the early days, I was doing commercial underwriting and there were a lot of subscription policies and just a lot of small companies around that would [accept risks] […]
By Greg Meckbach | October 23, 2020
2 min read
Brokers are advised to factor in the cost of reputational harm for their commercial clients when discussing cyber policy, because that’s typically the most expensive aspect of a breach. Clients typically focus on costs related to notifying clients and forensics, but reputational harm can include greater and more long-term costs such as a drop in […]
By Adam Malik | October 23, 2020
3 min read
TORONTO – A Canadian class action against opioid makers will start the process of getting certified in a hearing next month, a key test on how courts here will handle a case that is making waves in the U.S. The upcoming hearing in Quebec comes after this week’s news that Purdue Pharma, the company behind […]
By Jason Contant | October 23, 2020
4 min read
With the COVID-19 pandemic drastically reducing the frequency of in-person meetings, the new president of the Canadian Association of Mutual Insurance Companies (CAMIC) plans to meet online with each member to hear their concerns. “I am mapping out a plan to set up [virtual] meetings, whatever works for the member, to spend 20 or 30 […]
By Greg Meckbach | October 22, 2020
Okay, so your brokerage is going digital: Should you build your own technology, or buy someone else’s? The answer is largely situational, with panellists at the Insurance Brokers Association of Ontario’s 2020 virtual convention offering their best advice to brokers who want to go one way or another. Danish Yusuf, the founder and CEO of […]
By David Gambrill | October 22, 2020
Commercial insurer Chubb Canada is about to get a new president. Ellen Moore is retiring at the end of this year, Chubb announced Thursday. “I want to thank Ellen for the exceptional contributions she’s made during her 40 years at Chubb and wish her the very best during her retirement,” Chris Maleno, senior vice president […]
TORONTO – Dollarama Inc. is removing a counterfeit and recalled hand sanitizer from its shelves, which experts say should serve as a reminder of how important it is for retailers and consumers to do their due diligence when shopping. “Since coronavirus started, it’s just been a huge Wild West of personal protective equipment (PPE),” said […]
By Jason Contant | October 22, 2020
The P&C industry’s second-quarter earnings reflect the impact of COVID-19. Overall, they tell a story of financial resilience
October 22, 2020
COVID-19 has been good for the broker channel, in the sense that it has accelerated digital growth at brokerages by at least four to five years, a digital broker told the Insurance Brokers Association of Ontario (IBAO) virtual convention Wednesday. Faced with “the ultimate stress test” in having to master digital platforms quickly, brokerages saw […]
By David Gambrill | October 21, 2020
With $1 billion in auto premium relief made available for Ontario drivers alone, drivers across Canada shouldn’t expect more premium relief coming from their carrier, at least in the near future. Canadian Underwriter reached out to a number of insurers that offered pandemic relief measures through the spring and summer to get an update on […]
By Adam Malik | October 21, 2020
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