Industry
Clients don’t always know the process when they have to report a condo insurance claim, and a number of property and casualty insurance professionals believe education of condo managers and boards is key to turning around the hard market in condo insurance. “I do honestly believe we can make significant [premium] savings by educating property […]
By Adam Malik | November 10, 2020
3 min read
DETROIT – General Motors is recalling more than 217,000 cars and SUVs in the U.S. and Canada because transmission oil can leak, causing them to stop moving or possibly catch fire. The recall covers certain versions of the 2018 through 2020 Chevrolet Equinox and Traverse as well as the GMC Terrain. Also included are the […]
By Jason Contant | November 10, 2020
1 min read
A second wave of the COVID-19 pandemic is gripping parts of Canada and it will likely be well into next year until we come out of it, an expert predicts. And the longer things drag on, the worse it bodes for the property and casualty insurance industry. As the economy suffers, near-zero interest rates will […]
By Adam Malik | November 9, 2020
As more connected vehicles enter the automotive space, there’s a great opportunity for insurers to offer drivers more than a score based on their driving habits. Instead, said an industry observer, carriers can offer a greater array of services and become more integrated with their clients. It will all be possible thanks to the data […]
British Columbia-based Westland Insurance Group Ltd. has moved into the Ontario market, announcing that it has acquired Gillons Insurance Brokers Ltd. The “significant and substantial milestone” supports Westland’s expansion strategy to become a national insurance brokerage, the brokerage said when it announced the deal last week. Westland’s latest acquisition comes on the heels of other […]
By Jason Contant | November 9, 2020
A takeover of RSA Canada by Intact would still leave clients with plenty of choice in property and casualty insurance while making Intact more of an international player, an Ontario broker suggests. However, another notes that there is reason for concern. Intact Financial Corp. announced Nov. 5 it intends to make a joint offer with […]
By Greg Meckbach | November 9, 2020
4 min read
OTTAWA – A Supreme Court of Canada ruling has dealt a blow to Mr. Sub franchisees in their quest for compensation over losses experienced during a Listeria outbreak. In a 5-4 decision Friday, the top court said Maple Leaf Foods did not owe the submarine sandwich outlets a duty of care under the law. Mr. […]
REGINA — Lawyers for the Saskatchewan government are to be in a Regina courtroom Wednesday to ask a judge to remove the province from a lawsuit filed by families of victims of the deadly Humboldt Broncos bus crash. But lawyers for the hockey families argue the province should accept responsibility for chronic inaction at the […]
By Adam Malik | November 6, 2020
As capacity for condo insurance shrinks and premiums continue to mount, property managers and condo boards will find greater success with underwriters if they can show they are embedding responsibility for risk management and mitigating losses into their corporate culture, an Aviva executive said recently. Underwriters are becoming more selective when it comes to the […]
2 min read
Steve Masnyk has been appointed as managing director of the Canadian Association of Managing General Agents (CAMGA), established in 2018 to advocate for Canadian MGAs. With more than 20 years of experience in government relations, Masnyk is the founder and principal of SkyBridge Strategies, a government relations firm that advocates on behalf of insurance companies’ […]
By David Gambrill | November 6, 2020
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