Industry
By Anne E. Kleffner, Professor, Risk Management and Insurance, University of Calgary and Mary Kelly, Chair in Insurance and Professor, Finance, Wilfrid Laurier University This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. The […]
By The Canadian Press | January 7, 2022
5 min read
Canadian cyber insurance companies are now requiring businesses to offer multi-factor authentication (MFA) and have cybercrime/data breach response plans in place before qualifying for coverage. Prudent, since cybercrimes and ransomware attacks are on the rise – Canadians have lost $4.9 billion to ransomware attacks in the last year. As such, it’s essential to make […]
By Alyssa DiSabatino | January 6, 2022
3 min read
An insurer’s duty to defend in a pollution exclusion case will depend on the cause of action, the Ontario Court of Appeal has ruled. For example, a pollution exclusion did not apply in a recent negligence lawsuit against a contractor who caused damage to a commercial building following a fatal chemical release. But the exclusion […]
By David Gambrill | January 6, 2022
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
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 […]
By The Canadian Press | January 5, 2022
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
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
