Industry
With road traffic down due to stay-at-home orders and business closures to prevent the spread of COVID-19, the frequency of auto collisions in Canada was halved at one point, according to a new report. But police data show the fatality rate actually went up, suggesting the crashes were more severe. In reviewing auto insurance trends […]
By Adam Malik | March 23, 2021
3 min read
Very young workers at your brokerage or insurance company are the “overlooked demographic” that may be suffering the most as we pass the one-year anniversary of working from home during the pandemic, according to a recent survey from Microsoft Corp. Sixty percent of Gen Z workers — roughly those between the ages of 18 and […]
By Jason Contant | March 23, 2021
OTTAWA – An internal review says the RCMP routinely flouted its own policies when gathering information from the internet, potentially endangering investigations and prosecutions. The newly released audit report says many members across the RCMP use “open source information” in the course of investigations, intelligence gathering, research and engaging with the public. The national police […]
CAA Insurance has seen driving halved since the start of the COVID-19 pandemic, according to its president. Through its pay-as-you-go program, MyPace, and what customers have told the insurer about the number of kilometres they are now travelling, CAA president Matthew Turack said the insurer has seen driving drop by about 50% over the past […]
By Adam Malik | March 22, 2021
COVID-19 may have affected the earnings of individual P&C insurers unevenly, but the industry’s overall capital base reached the unparalleled height of $52.6 billion during the first three quarters of 2020, according to the Property and Casualty Insurance Compensation Corporation (PACICC). “This is the most capital that insurers have ever held in Canada,” PACICC board […]
By David Gambrill | March 22, 2021
VANCOUVER — Police say cryptocurrency scams cost victims in the Vancouver-area about $2 million in just one week and investigators believe the frauds are becoming more common. Vancouver police Const. Tania Visintin says she knows of at least four active cases where large amounts of money have been lost. She says a single victim was […]
By The Canadian Press | March 22, 2021
2 min read
Chubb Limited is offering to buy The Hartford Financial Services Group Inc. for about US$23 billion. Chubb and Hartford each own property and casualty commercial insurers in Canada. Chubb is based in Zurich, Switzerland, while Hartford is based in the U.S. state of Connecticut. Hartford said Thursday it “is carefully considering the proposal with the […]
By Greg Meckbach | March 19, 2021
1 min read
REGINA — The Saskatchewan government has removed a stand of trees that was near the site of the deadly Humboldt Broncos bus crash three years ago. Sixteen people were killed and thirteen others injured when a semi-truck driver missed a stop sign at a rural intersection and drove into the path of the junior hockey […]
By The Canadian Press | March 19, 2021
The acceleration of digital transformation in the pandemic era means insurance companies need to evolve, and that starts with reimagining your core technology systems. Over the insurance industry’s long history, a key hallmark has been its promise of peace-of-mind, trust and assurance at critical life moments and stages. While that fundamental promise has never really […]
By Adam Malik | March 18, 2021
A United Kingdom-based investment firm has invested CAD$2 million into a Canadian managing general agent — and previews that there’s more to come. Arete Capital Partners announced last week that its investment in Shore Underwriting — which specializes in insurance underwriting for the emerging technology and professional services sectors in Canada — will help the […]
By Jason Contant | March 18, 2021
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.
