Industry
For nine long months, Canada’s property and casualty industry has responded to clients’ needs during a global pandemic first declared in March 2020. COVID-19, the disease caused by the novel coronavirus, has effectively changed the way we live. It has caused us to restrict our commercial and social activities to avoid the spread of a […]
By David Gambrill | December 17, 2020
2 min read
MARKHAM, Ont. – Honda says it will recall 130,000 vehicles in Canada, including certain Fit, Civic, Accord, Insight and Acura ILX models, after announcing a similar recall of 1.4 million vehicles in the U.S. The automaker says 96,761 of the recalled vehicles need repairs for drive shafts that can break due to corrosion from winter […]
By The Canadian Press | December 17, 2020
1 min read
Renato Rodrigues is AXA XL’s new country manager for Canada, the Paris-based insurer announced Wednesday. Rodrigues (pictured), who previously led AXA XL’s Latin American insurance business, will be moving to Toronto from Sao Paulo, Brazil, once the COVID-19 restrictions enable him and his family to relocate. Rodrigues “has extensive experience leading international commercial insurance across […]
By Greg Meckbach | December 16, 2020
It was another year of record-breaking disasters and crazy, dangerous weather from coast to coast, says Environment Canada’s senior climatologist. A vicious hailstorm in Calgary wrote off more cars than Albertans normally buy in an entire year. Heat in Ontario quadrupled Toronto’s normal number of hot, stuffy nights. The East Coast experienced eight hurricanes compared […]
By Jason Contant | December 16, 2020
4 min read
About 10 months into the global COVID-19 pandemic, insurance leaders are less confident about growing their business and are increasingly concerned about the cratering economy, an insurance industry observer told a recent virtual conference. Even so, they’re showing more confidence about finding talent and have accelerated their digital plans, said Laura Hay, global head of […]
By Adam Malik | December 15, 2020
3 min read
OTTAWA – A series of technological and administrative gaps caused a high-profile data breach at Desjardins – the largest to date in the Canadian financial services sector, the federal privacy watchdog has found. Privacy commissioner Daniel Therrien said Monday that Desjardins did not demonstrate the level of attention needed to protect the sensitive personal information […]
By Jason Contant | December 15, 2020
It’s less than two weeks until Christmas, and insurance professionals are looking forward to some downtime following an unprecedented year. The 2020 holiday season may look different this year due to the ongoing COVID-19 pandemic, and it’s a good bet that more people will be home watching their favourite shows to help prevent the spread […]
By Jason Contant | December 14, 2020
Based on estimates of 160,000 Canadian small businesses at risk of closing due to the COVID-19 pandemic — or even as many as 225,000 closures, per the Canadian Federation of Independent Business — brokers have a part to play in helping clients both save and reshape their companies, a senior broker leader says. Helping teetering […]
By Adam Malik | December 14, 2020
TORONTO – Workers sifting through the rubble of a partially collapsed building in London, Ont., recovered the body of a second victim, city officials said on Sunday of the construction mishap that also killed the father of an infant. The careful extrication of the worker occurred just before midnight Saturday, more than a day after […]
A year-and-a-half after large commercial brokerage BFL Canada acquired Summit Insurance Brokers, the smaller British Columbia-based brokerage has officially been rebranded to BFL Canada Insurance Services Inc. “As of now, all the operations led in Central and Northern British Columbia will be conducted under BFL Canada’s name and from our Prince George office,” BFL said […]
By Jason Contant | December 11, 2020
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