Industry
HALIFAX – A powerful winter storm swept across the Maritimes on Saturday, blanketing much of the region in heavy, blowing snow and causing road closures, power outages and widespread cancellations. Drivers were urged to avoid travel amid blizzard-like conditions, and many roads and highways – including the border between Nova Scotia and New Brunswick – […]
By The Canadian Press | January 31, 2022
2 min read
Digital auto and home insurance provider Onlia appointed Lambert Morvan as its new CEO and named Fleur Dujardin president effective Jan. 1, the company said. The two executives succeed Pieter Louter, who started the company. Louter is returning to Achmea in the Netherlands. “We are confident that we have the right leader in Lambert Morvan, together with Fleur, to drive […]
By Phil Porado | January 28, 2022
1 min read
Brokerage Wilson M. Beck Insurance Services (WMB) has officially opened the doors to a new specialty entity in Vancouver. Wilson M. Beck Insurance Services (Specialty) Inc., or WMB Specialty, will operate as a commercially-focused insurance brokerage as part of the Wilson M. Beck Group, WMB Specialty managing partner Victor Lange tells Canadian Underwriter in an […]
By Jason Contant | January 28, 2022
The Financial Services Regulatory Authority of Ontario (FSRA) is actively supervising insurers on its “take-all-comers” guidance. “We’re requiring them to review their practices. We’re requiring them to report on this review later in [2022], and to establish remediation plans for any practices where there are breaches,” FSRA CEO Mark White said during the first-ever 2022 […]
4 min read
HALIFAX – Environment Canada is warning residents of the Maritimes to prepare for power outages as a major winter storm – the fourth this month – is expected to lash the region Saturday with blowing snow, freezing rain and howling winds. Rain and winter storm warnings have been issued for all of Nova Scotia, where […]
By The Canadian Press | January 28, 2022
You can’t light them on fire. A tornado can’t blow them away. They won’t rot of mold when wet. Still, damage to intangible assets, like brand recognition and reputation, can harm a business as much as the destruction of a physical asset. “On average, more than 25% of a company’s market value is directly attributable […]
By Phil Porado | January 27, 2022
3 min read
Sadly, many of your clients will have fallen victim to cybercrime over the past couple of years – their data held hostage, systems suspended, or payments redirected by some faceless criminal halfway around the world. Worse, despite the clear benefit of cybercrime policies, there are many businesses — small- to medium-sized enterprises (SMEs) in particular […]
Close to half (45.1%) of private insurance company car theft claims in Canada during 2021 were linked to SUVs, says data compiled by price-comparison website HelloSafe. The data found approximately 22,500 cars stolen nationwide in 2021 and that the most stolen make and model was the 2018 Lexus RX. That left private insurance companies on […]
With environmental, social and governance (ESG) awareness on the rise, insurance companies are starting to hold difficult conversations with their long-standing carbon-producing partners, said three P&C insurance company executives during a Canadian Underwriter webinar on Jan. 25. In compliance with the federal government mandating all financial services to come up with carbon reduction metrics by 2030 […]
By Alyssa DiSabatino | January 27, 2022
Humans weren’t the only ones impacted by the pandemic. The buildings in which we work and live have been subjected to some neglect and we are likely to start seeing the effects of this as we return to our pre-pandemic usage patterns. Unlike our homes, which have undergone increased wear and tear with our constant […]
By Phil Porado | January 26, 2022
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