Industry
Commercial property, umbrella, and public company directors and officers (D&O) lines are expected to see the most widespread rate hikes of 20% and higher, in addition to capacity withdrawals, according to Willis Towers Watson’s Insurance Marketplace Realities 2020 report. The report, released Wednesday, offers property and casualty industry analysis and rate forecasts for North American […]
By Jason Contant | November 16, 2019
3 min read
TD is enhancing its digital offerings to consumers and putting greater emphasis on the customer experience as a way to increase its footprint; to do that, providing relevant advice will play a key role in building trust, the company says. TD wants to “instill customers with the right trust and confidence that they are getting […]
By Adam Malik | November 13, 2019
Ontario’s new financial services regulator plans to issue a revised guideline on fair treatment of customers over the next few months to help counter confusion over which guidelines to follow. Last year, the former provincial regulator, Financial Services Commission of Ontario (FSCO), released guidance on fair treatment of customers around the same time that guidance […]
By Jason Contant | November 12, 2019
2 min read
Taking on potential disruptors and investing in technology are among the reasons Intact Financial Corp. is on a brokerage acquisition spree. “Our view is that scaling up distribution is the best way to fight disruption,” Intact CEO Charles Brindamour said during a recent earnings call. Although Brindamour did not elaborate on the disruption Intact is […]
By Greg Meckbach | November 12, 2019
Several car makers have announced ambitious plans to go electric in the next decade or two, but as more electric vehicles (EVs) hit the streets, there could be an increased insurance risk, according to one insurer. With the growing popularity of EVs – nearly 3 million are expected to be sold this year globally, while […]
By Adam Malik | November 11, 2019
How much has the demand for M&A transaction insurance grown in Canada? “While we do not have specific statistics, we estimate that demand has grown in the Canadian market at least in line with the broader Americas region at 20% year-on-year,” Richard Angevine, senior public relations consultant with Liberty Mutual Insurance, said Monday. Angevine was […]
By Jason Contant | November 11, 2019
If you’re feeling a cold coming on, you could be doing more harm than good if you make your way to the office, a workplace expert warned. And for some in the property and casualty space, employers allow for staff to take it easy. With cold and flu kicking into high gear, the tendency for […]
No-fault insurance is not a silver bullet that is going to solve the auto liability problem, but it can be helpful to insurers, provided that the coverage is not too generous, suggests the head of Canada’s largest property and casualty insurer. “I think that the no-fault product for both car repairs and bodily injury can […]
By Greg Meckbach | November 11, 2019
ST. JOHN’S, N.L. – Newfoundland and Labrador’s health department is apologizing for a privacy breach after a binder containing the personal information of 3,300 went missing almost two years ago. The department says it learned this October that a binder containing names, Medical Care Plan numbers and partial addresses has been missing since January 2018. […]
By Jason Contant | November 8, 2019
1 min read
Canadian travel insurance provider TuGo has launched a complimentary flight delay service for travellers. The parametric insurance solution MyFlyt comes through a partnership with Ireland-based Blink, the travel insurtech that developed the product. If a flight is delayed by two hours or more, the travel insurance customer registered with MyFlyt instantly gets access to an […]
By Jason Contant | November 7, 2019
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