Industry

Some CRA online services remain unavailable a month after cyberattacks

More than a month after the Canada Revenue Agency took its website offline in the wake of a major cyberattack, the federal tax collection agency won’t say when it expects its online services to fully return to normal.   A number of services within the CRA’s online portal for individual Canadians remain unavailable, including the ability […]

By Jason Contant | September 24, 2020

2 min read

Commercial clients that may take the longest to recover from the pandemic

After early hopes that brokers and insurers might be able to sell more commercial premium early next year as small businesses activity normalizes, a new report finds that it may be upwards of a year-and-a-half on average for a return to typical sales. At the current pace, ranges for a return to normal vary wildly, […]

By Adam Malik | September 23, 2020

3 min read

What the industry’s financial results show about the dreaded ‘COVID quarter’

Financial data marking the end of the “COVID quarter,” the dreaded 2020 Q2 results, show the Canadian P&C industry digging itself into a deeper underwriting hole than during the same point last year — with loss ratios in cyber and CGL policy lines dramatically on the rise. Canada’s solvency regulator, the Office of the Superintendent […]

By David Gambrill | September 23, 2020

3 min read

Post-tropical storm Teddy makes landfall in Nova Scotia bringing high winds, rain

HALIFAX – The centre of post-tropical storm Teddy made landfall in eastern Nova Scotia on Wednesday morning and then trudged across southern Cape Breton, its 100-kilometre-per-hour winds causing power outages – but not much damage. Bob Robichaud, a meteorologist at the Canadian Hurricane Centre in Halifax, said the sprawling, ragged storm came ashore near Sheet […]

By Jason Contant | September 23, 2020

3 min read