Industry
Reinsurers are less hesitant to supply coverage to carriers, and this improvement “is no surprise,” Gallagher Re says in its 1st View: Balance Maintained report. Reinsurer returns were nearly record-breaking and return on equity (ROE) exceeded 20% in many cases. Combined loss ratios in 2024 Q1 showed an improvement of up to 12%, helping reinsurers […]
By Alyssa DiSabatino | July 3, 2024
2 min read
Claims
Aviva Canada is planning to phase out Aviva Direct, its direct-to-consumer home and auto business, from Alberta in early January 2025
By David Gambrill | July 3, 2024
3 min read
Transportation Safety Board officials had said an aircraft operated by Great Slave Helicopters crashed Friday at the Fort Good Hope airport.
By The Canadian Press | July 3, 2024
1 min read
Claims professionals need to be good negotiators. Yet many are inadvertently sending the wrong message to their clients.
By Alyssa DiSabatino | July 2, 2024
4 min read
A church that faced allegations of sexual abuse has been unable to renew its abuse liability and employment practices liability policies.
By Jason Contant | July 2, 2024
A grass fire that prompted the closure of a major highway west of Edmonton involved a gas metering station, Yellowhead County reports.
By The Canadian Press | July 2, 2024
New insurance customer protection guidelines address business culture, product disclosure, broker integrity and claims management
By Phil Porado | June 28, 2024
Canada’s top court agrees Aviva Canada’s business policy doesn't cover a restaurant for government shutdowns caused by the COVID-19 pandemic.
By David Gambrill | June 28, 2024
An auto industry group on Monday warned dealerships to be alert for scammers as outages continue after cyberattacks last week. The alert comes as CDK Global, an Illinois-based company that provides software for several auto dealers across Canada and the U.S., was hit by back-to-back cyberattacks on Wednesday that led to a widespread outage. Within […]
By The Canadian Press | June 28, 2024
The industry must rethink underwriting knowledge transfer, especially as experienced underwriters retire and remote work becomes the norm.
By Jason Contant | June 27, 2024
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