Industry
Brokers who take a broad, scattershot approach to getting submissions approved by underwriters are only setting themselves — and their clients — up for failure and disappointment, an insurance executive warned during a recent webinar. For a better chance at success, try a smaller scope and a more targeted approach, recommended Andrew Steen, president of […]
By Adam Malik | November 30, 2020
3 min read
FREDERICTON – Emergency Measures officials in New Brunswick are urging residents to be prepared for a large storm system that has the potential to cause flooding in low-lying areas. The storm, which is expected to hit the province later today, is forecast to bring strong wind gusts and heavy rain. Environment and Climate Change Canada […]
By The Canadian Press | November 30, 2020
1 min read
Aviva Canada CEO Jason Storah has no time for arguing about the validity of climate change and the threats facing the planet that are affecting the insurance industry. Instead of debates about climate change based on speculation and conjecture, he’d rather discuss data. “Look, I’m being I am very conscious that I don’t really want […]
By Adam Malik | November 27, 2020
Insurers will be forced to make tough decisions about how they offer cyber coverage, thanks to claims going through the roof this year and losses piling up across the board, a cycler expert recently told Canadian Underwriter. Insurers will have to decide whether they’ll respond to the spike in cyber claims by reducing capacity or […]
In keeping with actions previously taken by Canada’s auto insurers, Northbridge General Insurance Company will start treating driving while using a hand-held communication device as a major conviction for the purpose of setting insurance rates in Nova Scotia. The change takes effect Jan. 4, 2021 for new business and Feb. 4, 2021 for renewal business, […]
By Greg Meckbach | November 27, 2020
Prime Minister Justin Trudeau pushed back against critics of his government’s COVID-19 vaccination plan with assurances most Canadians would be inoculated by September 2021, with a former NATO commander leading distribution. Trudeau announced Friday that Maj.-Gen. Dany Fortin will lead the nation’s vaccine distribution efforts, overseeing logistics that include cold storage requirements, data sharing, and […]
By The Canadian Press | November 27, 2020
2 min read
Improving diversity and inclusion (D&I) in insurance companies has a positive impact on the business above and beyond compliance and the reputation of the organization, speakers said recently at a virtual industry event. Some of the benefits include better talent and promotion opportunities, and greater innovation and employee engagement. Strong D&I data can even have […]
By Jason Contant | November 26, 2020
There’s a need for experts capable to handle complex and large loss investigations and provide unbiased views, says the Canadian head of global forensic engineering firm Haag, which has opened up shop in Canada. The Dallas, Tx.-based company expanded north of the border in September, with former 30 Forensic co-founder Chris Giffin at the helm […]
By Adam Malik | November 26, 2020
TORONTO – Ontario is set to cap the fees third-party delivery apps impose on restaurants in regions where indoor dining is prohibited, in a bid to protect what profits restaurants can still make during the COVID-19 pandemic. The Progressive Conservative government will table legislation today that would give the province the authority to temporarily limit […]
If that restaurant server’s customer service stood out to you, maybe they’d be successful working in insurance. That’s one suggestion a brokerage leader gave at a recent convention as a way to find talent from other industries to fill needs in the industry. It’s time to think outside the insurance box, said Johanna Allen, president […]
By Adam Malik | November 25, 2020
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