Industry
Insurers have talked about the need to be more digital for years now but there is one clear sign that they’re actually following through on their plan, according to a KPMG insurance expert: A significant number of them are investing in insurtechs. But it could still be a few years until the fruits of such […]
By Adam Malik | December 11, 2020
4 min read
TORONTO – Fourteen former Canadian Hockey League players have submitted affidavits detailing alleged abuse and hazing in a class-action lawsuit filed by two other ex-players. Former NHL player Daniel Carcillo and Garrett Taylor, who played in the Western Hockey League from 2008-10, filed a statement of claim with the Ontario Superior Court of Justice in […]
By The Canadian Press | December 11, 2020
2 min read
Canadian P&C insurers have generally embraced the general principles of the Fair Treatment of Consumers (FTC), but the industry still has some work to do in specific benchmark areas, according to an annual statement on market conduct issued by the Canadian Council of Insurance Regulators (CCIR). As defined by the CCIR, a national association of […]
By David Gambrill | December 10, 2020
3 min read
The insurance industry should not be surprised by the fact there was a global health pandemic, a senior P&C industry exec says, adding that COVID-19 is not likely to change industry fundamentals significantly, since nothing new was brought to the table as a result of it. It may seem like an odd thing to say, […]
By Adam Malik | December 10, 2020
There’s good news and bad news when it comes to insurance industry employees clicking on phishing email links, according to a recent study from a Laval, Que.-headquartered security awareness training firm. The good news is that global “finance & insurance” employees were the second-best sector in terms of not clicking on a phishing link. The […]
By Jason Contant | December 10, 2020
SUSSEX, N.B. – A New Brunswick woman finds herself still stranded a week after flooding washed out a bridge to her home. Mary Ann Coleman of Waterford, N.B., in the southeast of the province, says she knew there was a problem when the Trout Creek, which runs in front of her property, spilled its banks. […]
By The Canadian Press | December 10, 2020
On the day before heavy, wet snow and slush graced the streets of southern Ontario, the provincial government passed a law Tuesday that brokers believe will make it easier for them to find insurance coverage for snow removal contractors. The Insurance Brokers Association of Ontario (IBAO) said it’s optimistic that “Bill 118 will encourage more […]
By David Gambrill | December 9, 2020
Intact Financial Corporation was holding focus groups on diversity and inclusion a few months ago, when a young manager of colour shared her experience with the insurer’s senior management. “She gave an example to us, which struck most of the management team,” recalled Louis Marcotte, senior vice president and chief financial officer at Intact Financial […]
By Jason Contant | December 9, 2020
They say timing is everything, and that is particularly true of brokers working with underwriters. The earlier underwriters can tell brokers about the market challenges they are facing, what they deem to be an important part of a submission, and whatever pertinent information they can provide about writing a particular risk, the better the industry […]
By Adam Malik | December 9, 2020
EDMONTON – An Edmonton man sentenced to 3-1/2 years in prison for breaking a woman’s arms with a crowbar in a road-rage attack has lost an appeal of his conviction. Jared Eliasson was granted bail in December 2019, moments after he was sentenced, pending the appeal. Eliasson, who is in his early 30s, was acquitted […]
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