Industry
CALGARY — If not for COVID-19, Valerie Whitt might never have summoned the courage to quit her job. The 50-year-old Markham, Ont. woman had been a project manager for Ontario Health for 13 years. She felt drained and exhausted from battling traffic to and from her downtown Toronto office for up to two hours every […]
By Adam Malik | July 7, 2021
4 min read
While recall trends generally fluctuate by industry, Crawford & Company (Canada) expects an overall upward incline of product recalls in Canada and the United States to continue in the future. Increased automation, the complexity of global supply chains, inconsistent regulations across territories, personnel shortages, changed business models — all of these and more have contributed […]
By David Gambrill | July 6, 2021
When a global pandemic shut down in-person events, one brokerage created a new communications strategy to reach people where much of the world shifted — online. For Antigonish, N.S.-based brokerage AA Munro Insurance, it was important to tell their clients, both current and prospective, they were still connected to their community through the virtual world, […]
By Adam Malik | July 6, 2021
2 min read
LYTTON, B.C. — The BC Wildfire Service says 212 wildfires are burning in British Columbia as lightning storms swept over several areas of the province. The wildfire service website shows more than three dozen small fires have been sparked across all regions except the Coastal Fire Centre. At least 24 are believed to have been […]
By The Canadian Press | July 6, 2021
Working from home more often means a change to the way property and casualty insurance industry professionals do their jobs, as well as the expectations between employee and employer, according to an expert from Aon. “Part of your job duties, they’re going to change now,” observed Robin Daddar, Toronto-based vice president and senior consultant of […]
By Adam Malik | July 5, 2021
BOSTON — In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks they themselves apparently suffered. Cybercriminals who hack into corporate and government networks to steal sensitive data for extortion routinely try to learn how […]
6 min read
Everyone in the insurance industry today must have a minium of five skills, and companies need to hire and manage to these skills, according to an insurance executive. Digital skills, emotional intelligence, resiliency, people-centricity, and being a team player are all must-have skills, according to Erin Fischer, senior vice president and chief claims and regional […]
By Adam Malik | June 30, 2021
3 min read
EDITOR’S NOTE: This article has been corrected to show that BrokerLink has over $2 billion of written premiums. A previous version of this article icorrectly stated the Intact subsidiary had more than $2.5 billion in premium overall, about $700 of million of which is in commercial lines. Canadian Underwriter apologizes for the error. The […]
By Jason Contant | June 30, 2021
YELLOWKNIFE – The government of the Northwest Territories says it will cover the cost to repair or replace homes damaged by spring flooding. The government says 70 homes were affected in Fort Simpson, 16 to 18 in Jean Marie River and 10 in Fort Good Hope after rivers rose to historic levels, which forced entire […]
By The Canadian Press | June 30, 2021
1 min read
Insurers are getting a front-row seat in learning the risks that come from aging renewable energy-producing equipment, says an industry expert. The last 15 years have seen a spark in growth in the area of renewable energy development, particularly in wind and solar. But, similar to the cars we drive, these machines are reaching the […]
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