Industry
TORONTO – Workers sifting through the rubble of a partially collapsed building in London, Ont., recovered the body of a second victim, city officials said on Sunday of the construction mishap that also killed the father of an infant. The careful extrication of the worker occurred just before midnight Saturday, more than a day after […]
By Jason Contant | December 14, 2020
3 min read
A year-and-a-half after large commercial brokerage BFL Canada acquired Summit Insurance Brokers, the smaller British Columbia-based brokerage has officially been rebranded to BFL Canada Insurance Services Inc. “As of now, all the operations led in Central and Northern British Columbia will be conducted under BFL Canada’s name and from our Prince George office,” BFL said […]
By Jason Contant | December 11, 2020
Insurers have talked about the need to be more digital for years now but there is one clear sign that they’re actually following through on their plan, according to a KPMG insurance expert: A significant number of them are investing in insurtechs. But it could still be a few years until the fruits of such […]
By Adam Malik | December 11, 2020
4 min read
TORONTO – Fourteen former Canadian Hockey League players have submitted affidavits detailing alleged abuse and hazing in a class-action lawsuit filed by two other ex-players. Former NHL player Daniel Carcillo and Garrett Taylor, who played in the Western Hockey League from 2008-10, filed a statement of claim with the Ontario Superior Court of Justice in […]
2 min read
Canadian P&C insurers have generally embraced the general principles of the Fair Treatment of Consumers (FTC), but the industry still has some work to do in specific benchmark areas, according to an annual statement on market conduct issued by the Canadian Council of Insurance Regulators (CCIR). As defined by the CCIR, a national association of […]
By David Gambrill | December 10, 2020
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
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. […]
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
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