Industry

How solvency risk has changed since the days of the eight-track tape

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

‘The cost nobody talks about’ with cyber

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

Purdue Pharma pleas could bolster efforts for Canadian opioid class action

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

Meet the new Canadian Association of Mutual Insurance Companies president

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

3 min read