Risk
Yvonne Steiner has been named head of property for Zurich Canada. She will be a member of the Zurich Canada executive team and report to Zurich Canada CEO Saad Mered, effective Apr. 15. “We are very excited to have a leader of Yvonne’s caliber joining us,” Mered commented. “As we continue on our transformation journey, […]
By David Gambrill | March 11, 2019
1 min read
TORONTO – He has played Canadian university football and coached the game, but Todd Smith is waiting before he lets his two sons get on the field. “I’m not in a rush to put my kids into football just knowing what I know,” said Smith, a father of 12- and eight-year-old boys. “What I’ve told […]
By Greg Meckbach | March 11, 2019
7 min read
Perhaps the largest-ever earthquake to hit a section of central Alberta caused no immediate reports of damage, but knocked out power for more than 4,000 customers. Could fracking be the culprit? In this case, Alberta Energy Regulator (AER) is probing the earthquake’s connection to hydraulic fracturing (fracking), where rock is fractured by pressurized liquids to […]
By Jason Contant | March 6, 2019
3 min read
Seatbelts with shoulder harnesses should be mandatory on all school buses, an opposition member of Ontario’s provincial parliament told Canadian Underwriter Friday. “We should have the use of three-point seat belts on school buses to prevent injury and even death,” New Democratic Party MPP Bhutila Karpoche said in an interview. “This should have been done […]
By Greg Meckbach | March 1, 2019
2 min read
Overland flood insurance might be easier to sell if homeowners could figure out how vulnerable their properties are. “What would be most useful for homeowners is they would be able to search their postal code or property address and be able to get information that is specific to their property,” Dan Henstra, a University of […]
SSQ Insurance has partnered with analytics firm SAS to help further their efforts towards IFRS 17 compliance. The new International Financial Reporting Standard (IFRS 17) standardizes reporting requirements for financial firms internationally, with the intent to improve financial transparency. But industry efforts to achieve compliance with IFRS 17 has resulted in increased complexity and operating […]
By David Gambrill | February 27, 2019
HALIFAX – A top Canadian naval officer is out 50 rare coins he valued at $38,000 with little to show for it, after a Nova Scotia small claims court found FedEx Canada not liable for the full value of his lost package. Guillaume Lafrance, chief of staff of Canada’s East Coast navy and a longtime […]
By The Canadian Press | February 20, 2019
eCaptiv, which provides alternative and captive insurance solutions in Canada and the United States, will be forming two group captives through an exclusive group of independent insurance brokers to “combat commercial auto trends in Canada.” The programs are in the process of accepting submissions for prospective members and intend to commence in July, eCaptiv said […]
By Jason Contant | February 15, 2019
Due to six decision biases, consumers will typically not protect themselves against low-probability, high-consequence events until it is too late, a keynote speaker said recently at the CatIQ Connect conference in Toronto. When consumers decide not to purchase insurance or invest in loss reduction measures prior to a disaster, they are typically guided by one […]
By Jason Contant | February 12, 2019
Ontario’s new government and auto insurance regulator are “focussed on the right areas,” a senior manager for the province’s largest auto insurer said recently. The Financial Services Regulatory Authority (FSRA) is scheduled to replace the Financial Services Commission of Ontario (FSCO) this year as the province’s auto insurance regulator. FSRA released last month its proposed […]
By Greg Meckbach | February 11, 2019
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