Industry
This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Almost all businesses involved in the food supply chain have experienced effects ranging from a mild shock to severe disruptions during the COVID-19 pandemic, and […]
By Jason Contant | October 2, 2020
5 min read
Drivers in Ontario can anticipate a smoother claims journey if collision repair shops in the province are certified in the future as expected, according to a pair of experts. Currently, the national trade association that represents collision repairers is in discussion with the provincial government to make certification mandatory. Should certification get the go-ahead, repair […]
By Adam Malik | October 1, 2020
3 min read
EDMONTON – A northern Alberta woman who survived a fatal tour bus crash in Jasper National Park this summer says she is one of the lucky ones, but her recovery will be long and painful. Sweta Patel, 27, from High Prairie, Alta., is one of seven people who have filed a lawsuit against operators of […]
By Jason Contant | October 1, 2020
“On the eve of 9/11, the risk of a terrorist attack was probably the furthest thing from most people’s minds. If someone had told investors there was a 1-in-100 chance that a catastrophic terrorist attack would occur in any year during the lease of the World Trade Center, they might have given this risk some […]
By Carol Jardine, President of Canadian P&C Operations, Wawanesa Insurance | September 30, 2020
6 min read
The insurance industry wants technology vendor incumbents to become more innovative, but also limit the number of products to maintain and buy, according to the CEO of Applied Systems. “We did a lot of end-market survey work over the last year and one of the feedback points we got is there’s excitement in the market […]
By Jason Contant | September 30, 2020
If the property and casualty insurance industry doesn’t “come to grips” with meeting client needs, the industry is at risk of losing relevancy in the marketplace, warned an industry consultant. Phil Cook, who is also chairman of Omega Insurance Holdings, told a recent Insurance Institute of Ontario webinar that there’s a whole new host of […]
By Adam Malik | September 30, 2020
TORONTO – A large majority of Canadians are reluctant to do business with companies that suffer a data breach, according to a new study released Monday by KPMG. The report also says about one-quarter of the people surveyed for the report have had their login credentials stolen from a trusted site. The consulting firm’s report […]
2 min read
A push to certify Ontario collision repair shops could impact insurance rates and see premiums come down, says one automotive expert. Whether or not it does, such a move will still positively affect the insurance industry, adds an Insurance Bureau of Canada leader. A recent webinar hosted by the Automotive Insurance Industries Association of Canada […]
By Adam Malik | September 29, 2020
EDMONTON – Alberta’s auditor general says the province does a poor job of anticipating and preparing for disasters. In a report released this morning, Doug Wylie says Alberta doesn’t have a consistent plan for evaluating the risk the province faces from disasters such as floods or wildfires. He says the government began preparing one in […]
By The Canadian Press | September 29, 2020
1 min read
After setting aside as to whether or not we’re in a hard market, industry consultant Phil Cook said he expects the hard market to last into 2022. Cook, who is also chairman of Omega Insurance Holdings, typically gives his Industry Trends and Predictions early in the year. But with the COVID-19 pandemic turning many things […]
By Adam Malik | September 28, 2020
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