Industry
A phony kidnapping and a driver who was travelling nearly three times the speed he reported to investigators were among Manitoba Public Insurance (MPI)’s Top 5 auto fraud cases of 2021. Last year, MPI’s Special Investigation Unit (SIU) closed nearly 1,000 fraud investigations, resulting in a claims savings of about $14 million, MPI reported in […]
By Jason Contant | January 6, 2022
5 min read
Western Financial Group began the New Year with the announcement that it has acquired a full-service brokerage located in southern Ontario. Western Financial’s latest acquisition of Wiesner Insurance Inc. “adds a significant commercial interest in Ontario,” the large brokerage said in a press release Tuesday, when it announced the deal. Originally founded in 1991 by […]
2 min read
TORONTO – Ontario businesses were hit with another round of pandemic-related closures and capacity restrictions Wednesday, but details of financial support remained scant as the measures took effect. Restaurants, gyms, cinemas and other indoor venues were forced to close while retail stores and personal care services were limited to half capacity in a government bid […]
4 min read
Willis Towers Watson (WTW) has appointed Erin Magilton as the new risk and broking leader for the brokerage’s Canada region. Magilton has more than 25 years of experience in the risk and broking industry and has held a variety of roles throughout her career. Most recently, she was the senior director of corporate insurance risk […]
By Jason Contant | January 5, 2022
British Columbia suffered its worst flood in the province’s history in late 2021, causing approximately $450 million in insured damages, according to estimates by Catastrophe Indices and Quantification Inc. (CatIQ). Still, the insured damages pale in comparison to Canada’s costliest flood, which happened in Alberta in 2013. The Calgary flood cost insurers an estimated $1.8 billion in […]
By Alyssa DiSabatino | January 5, 2022
OTTAWA – An Ontario court has awarded more than $107 million to families of six victims of the Iranian military’s downing of a passenger jet two years ago. The decision made public Monday follows a May ruling that the missile strikes amounted to an intentional act of terrorism, paving the way for relatives of those […]
Paul Johnstone is now Chubb Canada’s chief operating officer, while Melanie Wilcox will succeed him in his former role as the head of personal risk services in Canada. “Paul and Melanie both bring extensive experience to their new roles,” John J. Alfieri, president of Chubb Canada, commented of the appointments. “Paul has a diverse and […]
By David Gambrill | January 4, 2022
Tina Osen, President, Hub International Canada One major lesson we have learned is to expect the unexpected. Nothing is a constant and we must be nimble and prepared to pivot quickly. We also learned that transparent, authentic communication with employees, even if it means you don’t have all the answers, is powerful and that empathy is becoming an essential […]
By Phil | January 4, 2022
Kenny Nicholls, President and CEO, Western Financial Group We see a real need for Canada to adopt a more harmonized broker licensing structure across the country. That structure would better enable brokers to work from anywhere in Canada and service customers wherever they are. It’s not a simple task, but it’s something that needs to be looked […]
Adam Mitchell, CEO, Mitchell & Whale Insurance Brokers There’s no question the pandemic brought unexpected levels of complexity over the past two years, but it has also fast-tracked innovation and the push for much needed modernization in our industry. The world was already evolving rapidly pre-pandemic, and COVID-19 accelerated this exponentially. Social distancing mandates have made consumers […]
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