Industry
The global insurance market is experiencing hardening market conditions, with rising rates and capacity constraints posing challenges for risk managers. The starkest examples have arisen from the ongoing COVID-19 pandemic, and many of its related risks such as cyber terrorism and supply chain issues have resulted in more entities turning to captive insurance solutions for […]
April 4, 2022
3 min read
Geo-political uncertainty, slow pandemic recovery and a continued threat of business interruption are keeping your mid-market Manufacturing & Construction clients up at night. Can their risk management strategies keep up? While the market shows signs of softening, prolonged pandemic-induced struggles and the impact of war remain top challenges facing your clients in the Mid-Market Manufacturing […]
April 2, 2022
British Columbia’s Civil Resolution Tribunal (CRT) has ordered a strata corporation to immediately reverse a charge of nearly $10,000 to a strata lot owner after finding the unit’s owner was not responsible for a water leak and resulting expenses. In Liang v. The Owners, Strata Plan NW 1374, CRT member Leah Volkers wrote that even […]
By Jason Contant | April 1, 2022
OTTAWA – The federal Liberals are being asked to muscle space in next week’s budget to help Canada become more productive, and lay investments to lure new companies as part of a push to simplify pandemic-strained supply chains. For years, Canadian businesses have under-invested in technology and other measures that could help workers more easily […]
Claude Dussault, chairman of the board of directors for Intact Financial Corporation (IFC), will retire at the end of his current term, although he will stay on in different roles with the company, Canada’s largest property and casualty insurer said Wednesday, William L. Young has been appointed as the new chairman of the board, effective […]
By Jason Contant | March 31, 2022
CALGARY – An investigation into a fatal train derailment near the British Columbia-Alberta boundary has found the locomotive’s brakes failed with prolonged exposure to cold temperatures. The Transportation Safety Board of Canada on Thursday released its findings into the February 2019 derailment that killed three Canadian Pacific Railway employees. The train was parked on a […]
2 min read
Restricting lawsuits to only the most serious auto accident cases is one reform provincial governments in private auto insurance sectors should adopt to improve the cost and value of auto insurance, says financial management consultant David Marshall. Marshall is a well-known auto insurance expert who has served as a senior advisor to the Ontario government […]
By Jason Contant | March 30, 2022
OTTAWA – Prime Minister Justin Trudeau told the Canadian oil industry Tuesday that it should use the massive bump in profits from the current surge in prices to fund a transition to cut their emissions. The federal government unveiled an emissions-reduction plan to reach its new greenhouse-gas targets by 2030. It projects the oil and […]
4 min read
Adequate coverage on a no-fault basis for catastrophically injured accident victims is probably the most value that personal injury auto insurance should deliver, says David Marshall, a financial management consultant who has served as a senior advisor to the Government of Ontario on auto insurance and pension funds. Marshall is the author of a new […]
By Jason Contant | March 29, 2022
People working for an insurance company should be aware of the risk of being a witness to support a close friend at an accident benefits case conference against their employer. Canada’s top court has thrown out a case against Desjardins General Insurance, essentially upholding a decision by the Ontario Court of Appeal. The Court of […]
By David Gambrill | March 28, 2022
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