Industry
Roman Babej’s insurance career spans nearly 30 years and various roles that have earned him a deep understanding of the industry to deliver excellent service to his brokers. With a BA from the University of Toronto, a CIP designation from the Insurance Institute and training in quality assurance from Humber College, Babej began his journey […]
September 4, 2024
4 min read
Claims
Increased urbanization and inflation, combined with more frequent and severe storms, are expected to drive the global modelled insured average annual loss (AAL) from natural catastrophes (NatCats) to $151 billion in 2024, Verisk reports. When you strip out the crop losses, the total is $119 billion, a 12% increase over the previous five-year average. “In […]
By David Gambrill | September 3, 2024
2 min read
U.S. courts often issue harsh verdicts against Canadian trucks that get into accidents while driving in the United States
By Phil | September 3, 2024
3 min read
P&C insurers report strong net earnings in 2024's first half, but can expect challenges to their underwriting profitability from this summer.
By Alyssa DiSabatino | September 3, 2024
Dave Allan’s insurance career reflects a blend of deep experience on the broker and insurer side that has contributed to his success over the years. After graduating from Mohawk College’s Insurance program in 1996, he worked as a broker for 12 years before accepting an underwriting position in 2009. This expertise and understanding of both […]
September 3, 2024
iA Financial Group expects to take less than a $10-million 2024 Q3 loss related to flood damage after Tropical Storm Debby hit Quebec.
By David Gambrill | August 30, 2024
Consolidation rates for property and casualty insurance brokerages slowed slightly following 2022 interest rate hikes but are on the upswing
By Phil | August 30, 2024
An insurance company can only claim equitable contribution against another insurer, not against an insured: Ontario Court of Appeal
An earthquake early detection system has been activated in B.C. to provide up to “tens of seconds” of notice.
By Jason Contant | August 30, 2024
Some of the most urbanized cities in Ontario are at the highest risk of flood, and not all their resilience projects are keeping up.
By Alyssa DiSabatino | August 29, 2024
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