Industry
EFH Holdings Inc., the Mississauga, Ont.-based corporate owner of Insurance Company of Prince Edward Island (ICPEI), is applying to change its name ICPEI Holdings Inc. EFH was known until December 2020 as Echelon Financial, which owned Canadian P&C insurer Echelon Insurance until 2019. Echelon Insurance is now owned by CAA Club Group, which also owns […]
By Greg Meckbach | July 20, 2021
2 min read
Wawanesa Mutual Insurance Company is allowing the “vast majority” of its team members to choose where they want to work starting mid-September. The move will provide flexibility to employees, allow continued support of the business, and support recruiting and retaining top talent, Wawanesa’s senior vice president and chief people and culture officer, Jodi Carradice, told […]
By Jason Contant | July 20, 2021
3 min read
NORTHWESTERN ONTARIO – Ontario is imposing new restrictions on the mining, rail, construction and transportation industries in the province’s northwest to reduce the likelihood of human-caused fires. The move comes as 107 active wildfires burn in the region, with 32 of those not under control. The government says operations that are now restricted include certain […]
By The Canadian Press | July 20, 2021
1 min read
If back-to-the-office conversations are just starting at your company, or if you are finding that an early strategy isn’t working, employers should take a three-step approach to creating a successful plan, a business strategist suggests. As a manager, the first step is to make sure you understand the company’s official guidelines, Liane Davey, an author […]
By Jason Contant | July 19, 2021
4 min read
Whether it’s a solar or wind turbine farm, or any other energy-related facility, an insurer expert is raising red flags about the quality of people at job sites. Underwriters care about a site and its propensity to be hit by bad weather — such as hail, fire or hurricane — as well as whether there […]
By Adam Malik | July 19, 2021
CALGARY – Farmers are calling for emergency disaster relief as drought ravages crops and pastures across the Prairie provinces and beyond. Scorching temperatures and little to no rainfall have left crops in poor condition across wide swaths of Alberta, Saskatchewan and Manitoba. In some parts of the country, grasshoppers have infested fields. Several municipalities have […]
Understanding the relationship between your in-person and online communities is a lesson that one brokerage is taking away after 16 months of change when it comes to marketing and attracting new clients. COVID-19 was declared a global pandemic on March 11, 2020. Soon after, many brokerages had sent employees to work from home. At the […]
By Adam Malik | July 16, 2021
Cyberattacks used to traditionally target specific industry sectors like healthcare, but one cyber insurance writer is now seeing a wide range of sectors in the line of fire. “When you look at our 2020 stats, we see a big difference where it’s not just the financial institutions and healthcare organizations getting hit with claims,” said […]
By Jason Contant | July 16, 2021
DEARBORN, Mich. – Ford Motor Co. has issued three safety recalls affecting 850,000 vehicles in North America, including nearly 42,000 in Canada. The largest recall involves 775,000 Explorers, including almost 33,000 in Canada, for model years 2013 to 2017. The SUVs may experience a seized cross-axis ball joint that can significantly reduce steering control and […]
By The Canadian Press | July 16, 2021
Bigger and more complex construction projects — especially those in established communities — are giving property and casualty insurance industry professionals in Canada a collective headache, says an industry expert. Construction projects have increased in complexity in recent times due to their size and where they’re taking place. That’s creating new risks for insurers, according […]
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