Claims
Insurers have handled double the amount of claims this summer compared to last year, according to the Insurance Bureau of Canada. Approximately 228,000 insurance claims have been filed following this summer’s four major catastrophes: flooding in Toronto and southern Ontario, the Jasper wildfire, the Calgary hailstorm, and flooding in Quebec. All occurred in the span […]
By Alyssa DiSabatino | September 9, 2024
2 min read
Industry
Cyber insurance provides important protection for businesses in today’s digital age, yet brokers often encounter insureds who are resistant in purchasing the product. Understanding and addressing their concerns is key to fostering better adoption of cyber insurance. Below are some common objections to cyber insurance with suggestions on how brokers can respond to them. “Cyber […]
September 9, 2024
3 min read
With over two decades of insurance expertise, Karen Bernard is known for her exceptional personal touch when serving brokers. She began her insurance career in 2002 as a facility processor at Co-operators — “back when we still manually input all data,” she recalls. Since then, Bernard has held various roles, including processor, sales associate, licensed […]
Rising rates of violence at public gatherings are changing how property and casualty insurers calculate risk profiles for live events
By Phil | September 6, 2024
Definity says it’s interested in seeking to acquire either a large, commercial-focussed carrier, or a scaled personal lines insurer.
By David Gambrill | September 6, 2024
Jomar Ballesteros started his insurance career in 2013 as an insurance advisor with RBC Insurance. He has since evolved through various roles and joined Peel Mutual Insurance Company as an underwriter in 2020. He holds a B.Sc. in Chemistry from York University and has leveraged his background in problem-solving and critical thinking to excel in […]
September 6, 2024
Canadian P&C Insurers writing D&O policies are seeing lawsuits claiming companies’ directors failed to implement cyber security controls.
By Phil | September 5, 2024
Tamara Bagnell’s insurance journey reflects her passion for an industry that’s seen her grow her career from summer student to senior underwriter. Bagnell first joined the industry 14 years ago, supporting RSA’s facility department as a summer student. Over the years, she obtained her CIP designation and navigated various advancing commercial insurance roles — from […]
September 5, 2024
Insured losses from the Jasper, Alta. wildfire have surpassed $880 million, according to initial estimates from CatIQ.
By Jason Contant | September 4, 2024
4 min read
Carriers and brokerages have tried to lure people back to the office for two-plus years, but what if employers made work-from-home permanent?
By Phil | September 4, 2024
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