Industry
British Columbia’s 2021 wildfire season was severe, but it wasn’t the costliest on record from a suppression standpoint, according to a summary report from the BC Wildfire Service. Between April 1 and Sept. 30, 2021, a total of 1,610 wildfires burned 868,203 hectares in B.C. The total cost of wildfire suppression during this time was […]
By Jason Contant | November 9, 2021
2 min read
The ‘S’ pillar of environmental, social, and governance (ESG) practices should be an increasingly important area of focus for D&O insurers, a specialist insurance provider said recently. While ESG is clearly a hot topic, the environmental and governance pillars have traditionally been focal points. But the social pillar should be of importance for insurers writing […]
4 min read
Toronto’s public transit authority says it now believes the personal information of up to 25,000 employees, former transit workers and pensioners was stolen in a ransomware attack last month. Names, addresses and social insurance numbers were taken, said the Toronto Transit Commission, which operates the city’s bus, subway, streetcar and paratransit services. There is no […]
3 min read
Jeff Edge, president of Leading Edge Claims Services Inc. in Fonthill, Ont., is the new president of the Canadian Independent Adjusters’ Association (CIAA). He is the 37th president of the association, which represents more than 1,800 independent adjusters across Canada. “I am honoured by the membership’s support and confidence,” Edge said during CIAA’s virtual annual […]
By Phil Porado | November 8, 2021
1 min read
Brokers have adapted well to the unprecedented challenges posed by the worst global pandemic in more than a century, on top of a hard insurance market, according to the Trusted Advisor 2021 survey by Canadian Underwriter. Brokers are “a very resilient group,” said Danish Yusuf, founder and CEO of Zensurance Inc. in Toronto. Rodney Munro, […]
Two large Canadian property and casualty brokerages — Navacord and Westland Insurance — continue to grow with the announcement of their latest acquisitions in Ontario and Manitoba. On Thursday, commercial brokerage Navacord Corp. said it added Ontario-based brokerages Ives Insurance Brokers Ltd. and Northern Insurance Brokers to its ranks. “Representing Navacord’s largest partnerships in Ontario […]
By Jason Contant | November 5, 2021
ST. JOHN’S, N.L. – The cyberattack that knocked down Newfoundland and Labrador’s health system data centres Saturday is a national security issue and should be treated as such by Ottawa, security experts say. David Shipley, chief executive officer of Beauceron Security in New Brunswick, called the attack the worst in Canadian history. Similar attacks have […]
Editor’s Note: In honour and celebration of Women and Insurance Cancer Crusade (WICC)’s 25th anniversary, Canadian Underwriter will be publishing each Friday a personal story of someone who has been touched by WICC’s fundraising activities in support of cancer care and research. In this second part of the series, there will be five stories. Canada’s […]
By Jason Contant | November 4, 2021
When the Office of the Superintendent of Financial Institutions (OSFI) released its reinsurance discussion paper in 2018, it created quite a stir in Canada’s property and casualty insurance industry. The association representing Canadian P&C insurers, the Insurance Bureau of Canada (IBC), said at the time that insurers would need to post an additional $21-30 billion […]
HALIFAX – A study by two Nova Scotia biologists indicates average temperatures in the province have been trending upward for the last 60 years and have risen notably since 1998. Researchers at St. Francis Xavier University in Antigonish, N.S., analyzed Environment Canada data from 16 locations across the province to document temperature normals, which are […]
By The Canadian Press | November 4, 2021
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