Industry
If the property and casualty insurance industry wants to avoid future entanglements around business interruption insurance, as seen during the coronavirus pandemic, then a robust public-private partnership (P3) might provide a solution. COVID-19 has highlighted the issue of how to finance catastrophic losses. The pandemic will generate insured losses of US$107 billion for the global […]
By Adam Malik | June 12, 2020
4 min read
The Intact Centre on Climate Adaptation is encouraging Canadian municipalities to follow the example of Nova Scotia municipalities that are distributing basement flood prevention tips to property owners with their tax bill. Starting Friday June 12, both the town and county of Antigonish will be sending a one-page infograph – with 15 basement flood risk […]
By Greg Meckbach | June 11, 2020
2 min read
VANCOUVER – The Insurance Corporation of British Columbia is resuming on-road testing for commercial licences but drivers waiting for passenger vehicle tests must hold on a little longer. In line with B.C.’s COVID-19 restart plan, the corporation says commercial road tests resume next week and appointments can be booked starting Thursday. The tests are for […]
By Greg Meckbach | June 10, 2020
The lack of cyber case law worked against an insurer in the Ontario Superior Court of Justice recently, with the court deciding that The Co-operators has a duty to defend two parties named in a $75-million cyber breach class action lawsuit. The Co-operators had denied a duty to defend on the basis of data exclusions […]
By David Gambrill | June 9, 2020
The majority of Canadian motorists surveyed are not satisfied with the financial relief measures offered by their insurers, a recently-released Leger Marketing poll indicates. “What struck me as interesting was that although 52% said they were not satisfied, 40% [of respondents] are not going to shop around,” said Anne Marie Thomas, senior manager of partnerships […]
By Greg Meckbach | June 8, 2020
3 min read
Jennifer Power is the new vice president of Pembridge and Pafco, Allstate Insurance Company of Canada has announced. Power succeeds Bob Tisdale, who announced his retirement last year as president and chief operating officer of Pembridge and Pafco, and vice president of Allstate Insurance Company of Canada. Tisdale’s retirement is effective Aug. 18, 2020. “Jennifer […]
By David Gambrill | June 8, 2020
Cybersecurity has become an afterthought for commercial clients amid the coronavirus pandemic, with companies not implementing enough safeguards for employees working from home, a new report warns. Not only are few companies providing employees with company devices so that they can safely work from home during the coronavirus pandemic, but even fewer are providing employees […]
By Adam Malik | June 5, 2020
EDMONTON – Alberta has introduced legislation that would add hefty fines and penalties for first-time impaired drivers but would not have them face a criminal charge. Justice Minister Doug Schweitzer says the proposed change would reduce backlogs in courts and free up officers to do less paperwork and more police work. “Officers who should be […]
By Greg Meckbach | June 5, 2020
The coronavirus pandemic could end up having a positive effect on the property and casualty insurance industry when it comes to finding new talent. COVID-19, the disease caused by the virus, has had a strong impact on the insurance industry as a whole. But the storyline is not the same across the entire sector. Some […]
By Adam Malik | June 3, 2020
Desjardins has tapped Marilyn Horrick to be its senior vice president of the Ontario market, effective June 8, 2020. “Thrilled to be joining this world-class organization one week today,” Horrick posted on LinkedIn. “Moving into a role that keeps me connected with the insurance community while allowing me to help drive cross-organizational growth, innovation and […]
By David Gambrill | June 3, 2020
1 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
