VANCOUVER – No weather warnings or watches were posted across British Columbia for the first time in weeks, but Environment Canada says more heavy rain is on the way while flood watches are still up for large parts of Vancouver Island and the inner south coast. Communities around the Georgia Strait are also keeping a close […]
By David Gambrill | December 28, 2022
2 min read
Rob Marsh, president, Liberty Mutual Canada In the year ahead, many of the challenges we faced in 2022 will undoubtedly continue — an unpredictable geopolitical environment, inflation, supply chain disruption and other macroeconomic factors, severe and unique weather events, and more. These trends will impact businesses in all industries in 2023. Although the confluence of […]
By Phil | December 22, 2022
2 min read
This year, we asked Canada’s P&C insurance industry executives, carriers and brokers, the most important issue facing the industry in 2023. Over the next two weeks, Canadian Underwriter will be presenting in our digital newsletter all of the answers we received from participating company executives. Three new outlooks will be presented each day in alphabetical […]
By David Gambrill | December 16, 2022
2 min read
Susan Williams-Bonet is Wawanesa Mutual Insurance Company’s new vice president of Ontario for the company’s P&C operations. She takes over for Josie Porto, who retires this year following a distinguished 36-year career with Wawanesa. “Together with our broker partners, we want to serve more Ontario businesses, farms and families,” Carol Jardine, Wawanesa’s president of Canadian […]
By David Gambrill | December 14, 2022
2 min read
OTTAWA – The Bank of Canada hiked its key interest rate by half a percentage point Wednesday to 4.25 per cent – the highest it’s been since January 2008 – while signalling it may pause its aggressive rate hike cycle. Since March, the central bank has raised its key interest rate seven consecutive times in […]
By Jason Contant | December 7, 2022
2 min read
The new Enhanced Care model put in place by the Insurance Corporation of British Columbia (ICBC) in Spring 2021 emphasizes proactive outreach to injured customers to help them recover, while also communicating about insurance benefits and processes. Enhanced Care changed many things about ICBC’s claims service delivery, including how the provincial insurer builds relationships with […]
By Phil | December 5, 2022
3 min read
CLARINGTON, Ont. — Ontario has no plans to allow homes to be built on floodplains, Premier Doug Ford said Friday after the federal environment minister warned Ottawa would not provide disaster compensation where development is greenlit in areas prone to flooding. Ford said it’s the responsibility of any builder to ensure they protect against development […]
By Alyssa DiSabatino | December 5, 2022
2 min read
In today’s marketplace, how does a broker remain independent and grow? Canadian Broker Network has the answer. From a looming recession to a prolonged hard market, and everything in between – brokers are battling a lot these days. It’s no surprise that many independent brokers are having to ask themselves whether they need to sell […]
December 5, 2022
3 min read
Ontario’s new legal tort of ‘intrusion upon seclusion’ does not apply in class actions against data aggregators that have been hacked, the Court of Appeal has confirmed. Nine years ago, the courts came up with the new tort of intrusion upon seclusion to cover a situation in which one bank employee hacked the personal information […]
By David Gambrill | December 2, 2022
3 min read
OTTAWA – The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a […]
By Jason Contant | December 2, 2022
4 min read