Industry
Canada’s solvency regulator has come out with a softer version of its proposed rule regarding the property and casualty insurance industry’s issuance of high-limit policies. The new version is in response to the industry’s previous concerns about the massive $21-billion to $30-billion price tag associated with the original version of the proposed rule. The Office […]
By David Gambrill | December 3, 2020
4 min read
REGINA – The Saskatchewan government is reviving an emergency grant program for small businesses that have been hit by restrictions aimed at stemming the spread of COVID-19. The province will begin accepting applications for its small business emergency payment program next week until the end of January. Businesses with fewer than 500 employees can apply […]
By Jason Contant | December 3, 2020
2 min read
Investors are increasingly asking insurers about environmental, social and corporate governance (ESG) practices and how they are being managed, Intact Financial Corporation’s senior vice president and chief financial officer, Louis Marcotte, said recently. “In some cases, when we meet investors, they actually have an ESG expert in the meeting asking specific questions — and some […]
By Jason Contant | December 2, 2020
3 min read
Brokers are having some frank conversations with clients in the hotel and restaurant business about the realities they’re facing and how to survive the troubles ahead, says a hospitality broker leader. “The truth is that if anybody is going to fool their clients in any way by saying, ‘Hey, things are going to be okay,’ […]
By Adam Malik | December 2, 2020
Canada’s national association of provincial property and casualty insurance regulators is looking into “Best Terms Pricing” in all commercial lines following recent regulatory actions to ban the practice in the strata insurance line in B.C. and Alberta. The Canadian Council of Insurance Regulators (CCIR) “intends to look at the practice of Best Terms Pricing within […]
By David Gambrill | December 2, 2020
WATERLOO, Ont. – Shares in BlackBerry Ltd. gained as much as 63.9 per cent in intraday trading on Tuesday following news of a deal with Amazon Web Services to develop and market BlackBerry’s intelligent vehicle data platform, called IVY. The stock traded as high as $12.54, up from Monday’s close of $7.65, before drifting lower […]
About two years ago, Northbridge Financial Corporation’s chief financial officer Craig Pinnock received an email purportedly from Northbridge CEO Silvy Wright requesting help with a wire transfer. “Silvy’s name’s there, Silvy’s signature, so I fire back quickly, ‘Sure, no problem. You have to tell me who you want it to go to and what it’s […]
By Jason Contant | December 1, 2020
Internal referrals made by successful employees are the top way brokerages are finding quality talent to add to their ranks, attendees of a recent webinar panel heard. When asked to discuss what strategies worked best to find talent, the three panellists all agreed on internal referrals. “The first one would be internal new hire referral […]
By Adam Malik | December 1, 2020
HALIFAX – Nova Scotia’s auditor general says the COVID-19 pandemic is highlighting the need for more robust cybersecurity and anti-fraud measures as government employees are forced to work remotely. However, he says the provincial government isn’t working fast enough to manage those risks. Acting auditor general Terry Spicer notes in a report released today that […]
1 min read
In these times of social distancing and working from home, it’s become even more crucial to ensure strong cybersecurity measures are in place for you and your business. Working from home can pose its own challenges and takes adjusting to; the last thing anyone would want is a cyber breach to occur at the same […]
December 1, 2020
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