Industry
As the COVID-19 pandemic extends into the fall and winter months, with cases continuing to rise throughout the country, it is critical that the industry’s leaders foster a culture of trust within their P&C organizations moving forward, an Aviva Canada executive told Canadian Underwriter recently. In making his point, Danny Davies, chief people officer of […]
By David Gambrill | October 15, 2020
5 min read
MONTREAL – Former premier Jean Charest is suing the Quebec government for violation of his privacy in connection with an investigation by the province’s anti-corruption unit. The lawsuit filed Friday in Montreal seeks $1 million in punitive damages and $50,000 in moral damages. Charest said in a statement that in recent years, confidential information about […]
By Jason Contant | October 15, 2020
2 min read
A public health emergency such as a pandemic may be an unforeseen “act of God,” but that doesn’t necessarily mean it will make it illegal or impossible for a business to fulfill the terms of a commercial contract with a client, the B.C. Civil Resolution Tribunal (CRT) found recently. While the contract in Grant v. […]
By David Gambrill | October 14, 2020
3 min read
As the United States nears election day, Canadian P&C insurers and other financial analysts are trying to read the tea leaves for signs of a crisis mitigation strategy south of the border that would address the COVID-19 pandemic and its negative impact on the economy. Because without a plan to tackle the issues, the economy […]
By Adam Malik | October 14, 2020
4 min read
OTTAWA – The Senate of Canada will pay nearly half a million dollars in compensation to nine employees of a now-resigned senator who say they suffered harassment, including sexual harassment, on the job. The decision today to award $498,000 in compensation plus legal fees comes more than a year after a Senate investigation found a […]
By Jason Contant | October 14, 2020
1 min read
Insurers need to form stronger bonds with various ancillary organizations involved in a car purchase, so that insurance isn’t the last thing on a consumer’s mind at the end of the deal, says an industry consultant. But in seeking out such partnerships, direct insurers may have a distinct competitive advantage over insurance companies that distribute […]
By Adam Malik | October 13, 2020
CALGARY – A deal to sell the suspended Ekati Diamond Mine in the Northwest Territories for about $166 million has fallen through after bond issuers refused to go along with it. Owner Dominion Diamond Mines ULC says the offer by two affiliated companies, referred to as a “stalking horse bid,” was rejected by Aviva Insurance […]
By Jason Contant | October 13, 2020
A GoFundMe campaign, Belynda’s Kids, has been started to raise funds for the care of the children of the late Belynda Cleland Kerelchuk, who is listed on LinkedIn as the senior vice president at Aon Reinsurance Solutions. At the time of writing, the fundraiser, established by Stephen Smith, has raised $49,940 from 302 donors. The […]
By David Gambrill | October 13, 2020
If the Liberals return to power this fall in British Columbia after a three-year hiatus, and if they keep their election promises, the province’s auto insurance system may look similar to the auto insurance systems in both Quebec and Saskatchewan, the Insurance Bureau of Canada suggests. “What the Liberals put forward sounds a little bit […]
By Greg Meckbach | October 9, 2020
There are lessons to be learned from the current COVID-19 pandemic about how to protect clients against future pandemic losses, senior industry executives say. The Wimbledon Championships’ pandemic coverage, for example, was generally hailed as a success. The famed tennis tournament held annually in the All England Club was cancelled Apr. 1, 2020. Organizers had […]
By Adam Malik | October 9, 2020
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