Industry
AMHERST, N.S. – Nova Scotia imposed new restrictions at its provincial boundary with New Brunswick on Monday as part of a series of measures aimed at tightening social distancing requirements to prevent the spread of COVID-19. Under the restrictions that took effect at 6 a.m., anyone coming to Nova Scotia through land, sea and air […]
By Jason Contant | March 23, 2020
3 min read
Aon plc’s announced agreement to acquire Willis Towers Watson in early March for $30-billion in an all-stock deal raises a host of interesting speculative possibilities for Canada’s reinsurance market, a former reinsurance executive in Canada told Canadian Underwriter recently. Among them is a possible redistribution of some key reinsurance talent within Canada. And perhaps even […]
By David Gambrill | March 20, 2020
4 min read
British Columbia’s broker regulator has temporarily its loosened rules governing the workplace location of Level 1 salespeople, allowing them to work from home during the COVID-19 pandemic. The temporary rule change took effect Thursday. “The Insurance Council of BC shares the concerns of insurance agencies about the impact of agency closures and self-isolation measures on […]
By Greg Meckbach | March 19, 2020
2 min read
As Canadian businesses and individual policyholders adjust to a new era of social distancing and service restrictions or shutdowns, brokers and insurance companies have turned their minds towards extending policy renewal deadline dates in the event of a declared emergency. “Everyone agrees, this pandemic is presenting both a health crisis as well as an impending […]
By David Gambrill | March 19, 2020
Already under financial strain due to tightening markets in several lines of business, Canada’s property and casualty insurance industry nevertheless seems well-positioned to withstand a global recession triggered by the novel coronavirus pandemic — at least in the short term. The global coronavirus pandemic has thus far sickened 179,111 and killed 7,426 globally, according to […]
By David Gambrill | March 18, 2020
The Co-operators General Insurance Company reported a double-digit increase in homeowners’ premium growth in 2019, which the Guelph, Ont. insurer attributes to higher average premiums in Ontario and Western Canada. In its annual report released Wednesday, The Co-operators reported net premiums earned in home insurance of $902.7 million in 2019, up 11.5% from $811.2 million […]
By Greg Meckbach | March 17, 2020
In an aggressive move to stop the spread of COVID-19 cases in Canada, Prime Minister Justin Trudeau announced Monday that the federal government will be closing the country’s borders to people who are not Canadian citizens or permanent residents. Exceptions to the ban will include air crews, diplomats, U.S. citizens (“at this time”), and the […]
By David Gambrill | March 16, 2020
In the wake of the World Health Organization declaring COVID-19 to be a pandemic, the Canadian property and casualty insurance industry has been moving very rapidly to share information of critical importance to industry stakeholders — including carriers, brokers, adjusters, risk managers, and industry suppliers. Canadian Underwriter is making it easy for the P&C industry […]
By David Gambrill | March 13, 2020
1 min read
TORONTO – Lawyers, witnesses and those accused of crimes are being told not to attend Ontario courts if they have been advised by medical authorities to self-isolate due to the novel coronavirus. The Superior Court of Justice for Ontario has issued more detailed instructions aimed at reducing risks related to COVID-19 in the province’s justice […]
By Greg Meckbach | March 13, 2020
Under mounting uncertainty and safety concerns, MSA Research made the call to push back two of its upcoming conferences to the fall. InsurTech North was set to run April 6-7 in Toronto, while the Canadian Insurance Financial Forum (CIFF) was scheduled for June 1-2. As threats from COVID-19 forced travel bans and raised concerns of […]
By Adam Malik | March 12, 2020
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