Industry

What profit level this regulator expects of insurers

Nova Scotia’s insurance regulator has approved Intact Insurance for a small rate increase for individually rated commercial vehicles, including interurban trucks, in a decision more noteworthy for its insight into the kind of profit level the regulator expects of insurance companies. Basically, the regulator approved the company’s proposed rate changes, which vary by coverage and […]

By David Gambrill | February 15, 2022

3 min read

How far Intact’s specialty reach has expanded

Intact Financial Corporation CEO Charles Brindamour says Canada’s largest P&C insurer has established a “truly global platform” that can now reach 70% of the global specialty solutions market with the expertise it has on board. “The thing that I like about the position we’re in at this stage is we can grow in the markets […]

By Jason Contant | February 15, 2022

3 min read

Feds threaten to suspend Convoyers’ insurance. What does that mean?

Trucks or vehicles used in freedom convoy blockades will have their insurance suspended, Deputy Prime Minister and Finance Minister Chrystia Freeland said in a press conference Monday.  For property and casualty insurance professionals, the federal government’s path may raise more questions than it answers. A lot remains unclear after Prime Minister Justin Trudeau announced he […]

By Alyssa DiSabatino | February 15, 2022

3 min read

Security committee finds gaps in federal cyberdefences that place vital data at risk

OTTAWA – The committee of MPs and senators which oversees federal security policy has uncovered gaps in Canada’s cyberdefences that could leave many agencies vulnerable to state-sponsored hackers from countries like China and Russia. In a new report, the National Security and Intelligence Committee of Parliamentarians says cyberthreats to government systems and networks are a […]

By Jason Contant | February 15, 2022

3 min read