Industry
While commercial lines premium renewal rates are lower this year than last, there is a steady increase in rates since the beginning of 2022, according to recent findings by Applied Systems.
By Alyssa DiSabatino | August 23, 2022
2 min read
Local authorities in British Columbia's Okanagan region say all evacuation orders around the so-called Keremeos Creek wildfire near Penticton have been rescinded.
By Alyssa DiSabatino | August 22, 2022
1 min read
Swiss Re Corporate Solutions appoints Andrea Douglass as senior vice president of customer management in Canada, effective Aug. 29.
By David Gambrill | August 22, 2022
OTTAWA – Canadian retail sales increased 1.1 per cent to $63.1 billion in June, boosted by higher sales at gasoline stations and motor vehicle and parts dealers, Statistics Canada said Friday. However, the agency said its preliminary estimate for July suggests retail sales for that month fell 2.0 per cent, though it cautioned the figure […]
By Jason Contant | August 19, 2022
TORONTO – A small business lobby group says commercial bankruptcies are rising in Canada and even more small businesses are at risk of closure. Data from the Office of the Superintendent of Bankruptcy Canada shows small business insolvencies have been on an upward trend since May 2021. But in a report Thursday, the Canadian Federation […]
Synex plans to end this year with more than $1 billion in premium, a far cry from its humble beginnings of $3 million.
3 min read
Navacord Corp. has entered into a new province with the acquisition of Winnipeg-based ONYX Financial Group.
By Jason Contant | August 18, 2022
There are two dimensions to be considered when deciding to pay a ransom: the business decision and the ethical one.
5 min read
For the first time in five years, global reinsurers posted an underwriting profit, albeit a small one. The average combined ratio of the Top 10 global reinsurers was 99.2% in 2021, significantly better than the 104.9% posted in 2020, credit rating agency AM Best said in a new report, World’s 50 Largest Reinsurers. “Despite notable […]
By Jason Contant | August 17, 2022
VICTORIA – A fishing boat that sank with nearly 10,000 litres of fuel on board near the Canada-U.S. marine border went down in one of the worst possible places for endangered orcas, an ocean pollutants expert says. Peter Ross, a senior scientist with Raincoast Conservation Foundation, said the vessel sank in an important feeding area […]
4 min read
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