Industry
MONTREAL – A Montreal health agency has been forced off-line as authorities deal with a cyberattack. Quebec Health Minister Christian Dube said Thursday that specific attacks hit systems at the regional health agency covering west-central Montreal, which oversees the Jewish General Hospital among other facilities. “Our teams quickly realized that there had been these attacks, […]
By Jason Contant | November 2, 2020
3 min read
As Canadians carry on their love affair with condos, the number of units being built — and the rapid pace of their construction — have indirectly contributed to the severity of condo insurers’ claims costs, says a senior P&C insurance claims executive. John Slattery, executive general adjuster at Sedgwick, provided his Top 4 list of […]
By David Gambrill | October 30, 2020
4 min read
Insurance companies responded well and appropriately to the COVID-19 pandemic in terms of assisting customers by way of premium relief and other measures, according to industry experts. Canadian Underwriter recently checked in with insurers on the current status of relief measures. At the time, all said no additional rebates were on the horizon (though CAA […]
By Adam Malik | October 30, 2020
Brokers working in the condo insurance class of business are looking at creative ways to help their condo corporation clients shoulder the burden of much higher deductibles — including preliminary discussions around the option of “buy-down” deductibles. “As a broker, we’re always looking for other alternatives to see what we can do to alleviate the […]
By David Gambrill | October 29, 2020
Delivering value for customers and digital strategy will be two headliners in Intact’s “10-year strategic roadmap,” which will integrate some learnings from the crisis, the carrier told Canadian Underwriter recently. “We anticipate that consumers will engage digitally to a greater extent, that the savings rate will increase, and that Canadians and Americans will want more […]
By Adam Malik | October 29, 2020
2 min read
A group representing Canadian insurance companies say it is launching a team that will help small businesses find affordable coverage as rates rise because of the pandemic. The Insurance Bureau of Canada, an association that represents the industry, says the team will start its work by focusing on helping the hard-hit hospitality sector in Ontario. […]
By Jason Contant | October 29, 2020
If there’s a silver lining to the COVID-19 pandemic, it’s that the pandemic might actually aid in talent acquisition – even if that talent comes from outside Canada. It’s no secret there’s an ongoing “war for talent” in Canada’s property and casualty insurance industry. But the pandemic has allowed recruiters to leverage technology spawned by […]
By Jason Contant | October 28, 2020
Trusting science to help address climate change, and rebuilding more resilient communities after natural catastrophes are uppermost in the mind of Aviva Canada’s leader these days. “Scientists can tell us more than ever before about catastrophic storms, including precisely when they will hit; exactly what wind speeds they will deliver and for how long; how […]
By Adam Malik | October 28, 2020
OTTAWA – The Bank of Canada is keeping its key interest rate on hold as it says the country’s economy won’t fully recover what was lost to COVID-19 until 2022, with the road to there dependent on the path of the pandemic. The central bank is holding its overnight rate target at 0.25 per cent. […]
1 min read
An Ontario auto insurer involved in a priority dispute with another insurer should have used a different counsel in that dispute than the one used for the main accident benefits claim with the insureds, the Ontario Superior Court has ruled. The issue came up in the case of The Personal Insurance Company v. Jia, in […]
By David Gambrill | October 27, 2020
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