Industry
TORONTO – A Canadian class action against opioid makers will start the process of getting certified in a hearing next month, a key test on how courts here will handle a case that is making waves in the U.S. The upcoming hearing in Quebec comes after this week’s news that Purdue Pharma, the company behind […]
By Jason Contant | October 23, 2020
4 min read
With the COVID-19 pandemic drastically reducing the frequency of in-person meetings, the new president of the Canadian Association of Mutual Insurance Companies (CAMIC) plans to meet online with each member to hear their concerns. “I am mapping out a plan to set up [virtual] meetings, whatever works for the member, to spend 20 or 30 […]
By Greg Meckbach | October 22, 2020
3 min read
Okay, so your brokerage is going digital: Should you build your own technology, or buy someone else’s? The answer is largely situational, with panellists at the Insurance Brokers Association of Ontario’s 2020 virtual convention offering their best advice to brokers who want to go one way or another. Danish Yusuf, the founder and CEO of […]
By David Gambrill | October 22, 2020
Commercial insurer Chubb Canada is about to get a new president. Ellen Moore is retiring at the end of this year, Chubb announced Thursday. “I want to thank Ellen for the exceptional contributions she’s made during her 40 years at Chubb and wish her the very best during her retirement,” Chris Maleno, senior vice president […]
2 min read
TORONTO – Dollarama Inc. is removing a counterfeit and recalled hand sanitizer from its shelves, which experts say should serve as a reminder of how important it is for retailers and consumers to do their due diligence when shopping. “Since coronavirus started, it’s just been a huge Wild West of personal protective equipment (PPE),” said […]
By Jason Contant | October 22, 2020
The P&C industry’s second-quarter earnings reflect the impact of COVID-19. Overall, they tell a story of financial resilience
By David Gambrill, Editor in Chief | October 22, 2020
COVID-19 has been good for the broker channel, in the sense that it has accelerated digital growth at brokerages by at least four to five years, a digital broker told the Insurance Brokers Association of Ontario (IBAO) virtual convention Wednesday. Faced with “the ultimate stress test” in having to master digital platforms quickly, brokerages saw […]
By David Gambrill | October 21, 2020
With $1 billion in auto premium relief made available for Ontario drivers alone, drivers across Canada shouldn’t expect more premium relief coming from their carrier, at least in the near future. Canadian Underwriter reached out to a number of insurers that offered pandemic relief measures through the spring and summer to get an update on […]
By Adam Malik | October 21, 2020
If a claim for a stolen scooter draws suspicion, an insurer will need to do more than just cite skepticism about the condition in which the power charger, keys and helmet are returned — especially if the electronic bike’s purchase receipt is marked as “deprecated.” The word “deprecated” is a stock-keeping system term meaning that […]
By David Gambrill | October 20, 2020
Cyber claims have skyrocketed recently thanks to the COVID-19 pandemic, and the relatively young class of business has entered a hard market, meaning that an already-tough-to-sell insurance product may become an even harder sell, according to an expert in the area of cyber coverage. MSA research reported in its Quarterly Outlook Report that in the […]
By Adam Malik | October 20, 2020
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