Industry
TORONTO – Keeping distance from others as a way to prevent the further spread of COVID-19 ramped up across Canada on Thursday as Prime Minister Justin Trudeau and his wife went into precautionary self-isolation, major events were cancelled, and stock markets continued their downward spiral amid growing concerns about the pandemic. Examples of social distancing, […]
By Greg Meckbach | March 12, 2020
4 min read
How carriers and brokerages are leveraging tech to overcome their Number 1 threat
By Jason Contant, Online Editor | March 11, 2020
3 min read
Discrimination persists in workplaces against the LGBTQ community. Being more welcoming can boost your competitive positioning
By Dexter Morse, Director, International Air Transport Association | March 8, 2020
There is a movement afoot to set-up a mutual insurer or something similar, by which Ontario taxi operators can self-insure the commercial auto insurance they need. “We are going to take a new approach, which is self-insuring,” Yellow London Taxi Inc. CEO Hasan Savehilaghi told Canadian Underwriter. The idea is for different taxi companies to […]
By Greg Meckbach | March 6, 2020
2 min read
Look for rate increases in Canada’s commercial residential realty segment to continue apace in 2020, but perhaps taper off in 2021 and beyond, Aviva Canada’s president and CEO predicted Thursday. And as rates harden in condo lines, expect Aviva Canada to continue to provide capacity, with no plans to pull out of the “distressed” segment. […]
By David Gambrill | March 6, 2020
Pat Durepos is leaving Keal Technology, the broker management system vendor he sold to Vertafore
March 5, 2020
Aviva Canada’s ongoing profit remediation plan — which took effect after disappointing results posted in 2017 — loomed large in the company’s improved financial results in 2019, the company reported Thursday. Aviva Canada’s operating profit increased to £191 million (approx. Cdn$331 million) in 2019, up from £27 million (approx. Cdn$47 million) the year before. And […]
By David Gambrill | March 5, 2020
Don’t be surprised if more reciprocals and self-insured pools emerge, a past president of the RIMS Canada Council suggests. “In some cases, pools and reciprocals will become popular if this market stays hard,” said Tina Gardiner, a Canadian member of Risk and Insurance Management Society (RIMS) Inc.’s board of directors. A reciprocal is a form […]
By Greg Meckbach | March 5, 2020
VICTORIA – British Columbia’s NDP government wants to prohibit future governments from using profits earned by the province’s public auto insurer to cover other expenses. Attorney General David Eby says the government is planning to introduce legislation in the coming days that would ensure any future surpluses remain with the Insurance Corp. of British Columbia. […]
By Jason Contant | March 2, 2020
1 min read
Andy Taylor is appointed CEO of Gore Mutual effective July 1, replacing Heidi Sevcik (pictured, above) who is retiring after a 26-year career with Cambridge, Ont.-based Gore. Taylor, who has worked for Gore Mutual for 15 years, has been chief financial officer since 2012. “Having worked closely with the [board of directors] for many years, […]
By Greg Meckbach | March 2, 2020
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