Industry
Brokers are having trouble finding coverage for their clients these days, and the impact of Canada’s hardening P&C insurance market is fast becoming a strong challenge to the broker channel, as Canadian Underwriter’s 2020 National Broker Survey reveals. Results of the survey will be published in the forthcoming October/November 2020 print edition of Canadian Underwriter. […]
By David Gambrill | October 6, 2020
3 min read
TORONTO – Auto sales in September were 2.4 per cent higher than a year earlier, marking the best month for dealers since the start of the COVID-19 pandemic. DesRosiers Automotive Consultants Inc. said on Thursday that 169,876 light vehicles were sold in September, up from 166,488 in September 2019. Andrew King, the managing partner of […]
By Jason Contant | October 6, 2020
2 min read
Fairfax Financial Holdings Ltd. announced Monday that former Governor General of Canada David Johnston is back on its board of directors. Johnston had to step down from the Fairfax board when he became Governor General of Canada in 2010, the Toronto-based holdings company said Monday. Fairfax owns more than a dozen insurers including Toronto-based Northbridge, […]
By Greg Meckbach | October 5, 2020
A push to require Ontario collision repair shops to meet minimum standards when repairing vehicles is expected to even out the playing field, make the claims process run more smoothly, help client satisfaction, make roads safer, and potentially bring down auto insurance premiums. Canadian Underwriter talked about these projected benefits of certification with J.F. Champagne, […]
By Adam Malik | October 5, 2020
This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. ___ Essential workers are the heroes of the COVID-19 pandemic. Civil servants, health-care workers, cleaning staff and grocery store employees work hard, risking infection, often for […]
By Jason Contant | October 5, 2020
4 min read
A leader in the Canadian P&C industry is sounding the alarm about the rise of litigation funding in Canada. Litigation funding is an arrangement in which a third-party company — not the plaintiff’s law firm — agrees to fund all or part of the plaintiff’s costs in a lawsuit. In return, they get a portion […]
By Adam Malik | October 2, 2020
This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Almost all businesses involved in the food supply chain have experienced effects ranging from a mild shock to severe disruptions during the COVID-19 pandemic, and […]
By Jason Contant | October 2, 2020
5 min read
Drivers in Ontario can anticipate a smoother claims journey if collision repair shops in the province are certified in the future as expected, according to a pair of experts. Currently, the national trade association that represents collision repairers is in discussion with the provincial government to make certification mandatory. Should certification get the go-ahead, repair […]
By Adam Malik | October 1, 2020
EDMONTON – A northern Alberta woman who survived a fatal tour bus crash in Jasper National Park this summer says she is one of the lucky ones, but her recovery will be long and painful. Sweta Patel, 27, from High Prairie, Alta., is one of seven people who have filed a lawsuit against operators of […]
By Jason Contant | October 1, 2020
“On the eve of 9/11, the risk of a terrorist attack was probably the furthest thing from most people’s minds. If someone had told investors there was a 1-in-100 chance that a catastrophic terrorist attack would occur in any year during the lease of the World Trade Center, they might have given this risk some […]
September 30, 2020
6 min read
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