InsuranceHires

A B.C. driver recently learned the hard way that you can’t ram your car into another car during a parking lot road rage incident and then make an insurance claim for the repair. Majid Abood was waiting in his car…

The post No, you can’t ram a car in a fit of road rage and collect insurance for the damage appeared first on Canadian Underwriter.

One key component of preparing for the anticipated second wave of COVID-19 cases in Canada is for businesses to assess how they responded to the first wave of the disease, Northbridge Insurance is telling its commercial clients. “Many businesses that…

The post How Northbridge is advising clients to prepare for second COVID-19 wave appeared first on Canadian Underwriter.

After the COVID-19 pandemic temporarily paused brokerage mergers and acquisitions (M&A) activity in Canada earlier this year, it appears that the deals are once again moving forward at a steady pace. The markets’ reaction to the pandemic has been very…

The post It’s full steam ahead for brokerage M&A, now that the pandemic pause is over appeared first on Canadian Underwriter.

Brokers with more than a decade of experience could be experiencing their first real hard market right now, and they could probably use some advice about how to break bad news during renewals, an Alberta managing general agent (MGA) suggests.…

The post Veteran brokers are seeing their first-ever hard market. What they need to know. appeared first on Canadian Underwriter.

HALIFAX – The Canadian Hurricane Centre’s top meterologist is suggesting the combination of Hurricane Teddy and a continuing pandemic should prompt Maritimers to plan well ahead for potential power outages. The storm was churning northward in the Caribbean Friday, with…

The post Forecast models show Hurricane Teddy could hit Maritimes next week appeared first on Canadian Underwriter.

TORONTO, ON, SEPT. 18, 2020 /insPRESS/ –  30 Forensic Engineering, Canada’s leading and fully-independent multi-disciplinary forensics firm, is pleased to announce the appointment of Anna Polak B.A.Sc., M.A.Sc. as Associate, within the Collision Reconstruction Group. Anna is an Associate with…

The post 30 Forensic Engineering Strengthens Collision Reconstruction Group with the Appointment of Anna Polak appeared first on Canadian Underwriter.

MISSISSAUGA, ON, SEPT. 18, 2020/insPRESS/– FirstOnSite Restoration, Canada’s leading independent disaster restoration services provider, has further enhanced its senior leadership team with the addition of Robert (Bob) Fellows as Senior Vice President, Specialty Insurance. At FirstOnSite, Bob will work closely…

The post FirstOnSite strengthens senior leadership team with addition of Robert Fellows appeared first on Canadian Underwriter.

TORONTO, ON, SEPT. 17, 2020/insPRESS/ — Apollo Insurance Solutions Ltd., (“APOLLO Exchange”) Canada’s largest online insurance marketplace, and the Keal System Users (KSU), have partnered to offer the Keal group immediate quote, bind and policy issuance. With this partnership, both…

The post APOLLO and Keal System Users partner to provide brokers with digital tools appeared first on Canadian Underwriter.

TORONTO, ON, SEPT. 21, 2020/insPRESS/ – Crawford & Company® (NYSE: CRD-A and CRD-B), the world’s largest, publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporates, has announced the appointment of Yasna Faghani to Crawford’s…

The post Yasna Faghani Joins Crawford & Company’s Canadian Legal Services Team appeared first on Canadian Underwriter.

Specific industry risk can play a major role in how much capital an insurer is willing to put forward for commercial surety bonds, a speaker said during a recent webinar. Industry risk is a “unique” underwriting consideration, Rob Dempsey, senior…

The post One thing an insurer will consider before investing in commercial surety bonds appeared first on Canadian Underwriter.

At the same time insurers have a reduced appetite to take on real estate risks, real estate developers during a pandemic-induced economic recession have an aversion to investing a lot of money into risk-reduction measures. These twin dynamics are a…

The post What’s unique to this hardened real estate insurance market appeared first on Canadian Underwriter.

Factory Mutual is appealing an Ontario court ruling that included a finding that “resulting physical damage” can mean loss of use. David Liblong, a partner with Liblong Digambar Professional Corporation, told Canadian Underwriter Wednesday that the insurer is appealing MDS…

The post FM Global appeals $25-million BI award arising from reactor shutdown appeared first on Canadian Underwriter.

The verdict in the British Financial Conduct Authority’s business interruption test case could have an impact outside of Britain, one credit rating agency warns, but Canada’s largest carrier appears to be largely unaffected. The vast majority of Intact Financial Corp.’s…

The post Will the U.K. decision in a test BI case matter to Canada? Intact and ratings agencies weigh in. appeared first on Canadian Underwriter.

TORONTO – North American stock markets climbed amid positive signals in Canada and elsewhere about the strength of a post-pandemic rebound. The good mood started with Chinese retail sales numbers moving back into positive terrain compared with a year earlier.…

The post North American stock markets climb on continuing positive outlook for economy appeared first on Canadian Underwriter.

Pitch-in and support this “One of a Kind” event! We have a FUN donation drop-off planned with BBQ, prizes, games, and giveaways, all from the safe comfort of your vehicle. Help spread the word. Share with your colleagues, friends, and…

The post Drive-Thru Donation Drive in Support of Boyle Street Community Services appeared first on Canadian Underwriter.

TORONTO, ON, SEPT. 17, 2020/insPRESS/ – CSIO is pleased to announce that its Board of Directors have green-lighted three digital solutions proposed by the INNOTECH Advisory Committee and Working Groups. During the September 15 meeting, the Board of Directors were…

The post CSIO’s Board of Directors Green-lights INNOTECH Committee’s Proposed Solutions to Address Industry Pain Points appeared first on Canadian Underwriter.

Intact Financial Corp.’s latest “tuck-in” brokerage acquisition is part of its ongoing expansion effort in the United States, chief financial officer Louis Marcotte suggested Tuesday. International Bond & Marine Brokerage Ltd. of Hoboken, N.J., announced Sept. 11 it is now…

The post Intact’s rationale for buying this bond and marine brokerage appeared first on Canadian Underwriter.

Insurers should be tailoring their claims payment options to the type of claim a policyholder has, a U.S. payment provider said during a recent webinar. “If it’s a disaster, [a policyholder] may need money immediately to go get a hotel…

The post The importance of tailoring electronic claims payments during COVID-19 appeared first on Canadian Underwriter.

Riding the wave of high interest rates years ago, some P&C insurers and reinsurers overlooked their escalating combined ratios, an industry exec recently observed during a webinar. And that’s coming back to bite the industry now that the global COVID-19…

The post Aon exec discusses industry ‘sins’ and puts COVID claims into perspective appeared first on Canadian Underwriter.

Ride sharing firm Uber Canada chose Economical as its insurance provider because Uber would not agree to Intact’s pricing, a senior Intact executive said Tuesday. “We had a very good relationship, we just couldn’t agree on the price,” Intact CFO…

The post Why Uber Canada dropped Intact as its insurance provider appeared first on Canadian Underwriter.

VICTORIA – The B.C. government has announced regulatory changes aimed at bringing more transparency to condo insurance premiums that have risen by as much as 40 per cent. The Finance Ministry says effective Nov. 1, insurers or insurance agents will…

The post B.C. amends law in effort to address high condo and townhouse insurance premiums appeared first on Canadian Underwriter.

As COVID-19 changes the world, brokers need carriers that will change along with it. For brokers, successful carriers during and beyond the global pandemic will be the ones excelling at the three ‘As’ — accessibility, agility and authority (underwriting). And…

The post <span id="paidTag" class="btn btn-info btn-xs tag-label">Paid</span> What brokers want from their carriers during the pandemic appeared first on Canadian Underwriter.

TORONTO, ON, SEPT. 16, 2020/insPRESS/ – CEP is proud to announce some recent additions to its Toronto and Waterloo offices. Jason Edelstein, P.Eng., M.A.Sc. and Linda Sobaszek, B.A.Sc., have joined the Toronto office, while Tim Steffler and Ivonne Gonzalez have…

The post CEP Forensic expands its team in the GTA appeared first on Canadian Underwriter.

CIAA Webinar Series: Payments Modernization in Canada Thursday, October 29 at 12:30 PM – 2:00 PM ET | via Webex Events The payments industry is rapidly changing with the introduction of new technologies and innovation in response to the evolving needs of…

The post CIAA October Webinar: Payments Modernization in Canada appeared first on Canadian Underwriter.

TORONTO, ON, SEPT. 16, 2020/insPRESS/ – Pario Engineering & Environmental Sciences LP (Pario), one of Canada’s top providers of specialized engineering and environmental services to the insurance and risk management industries, is pleased to announce the addition of Eli Vandersluis…

The post Pario Welcomes Eli Vandersluis to the Toronto Office appeared first on Canadian Underwriter.

There is an old saying: ‘Fool me once, shame on you. Fool me twice, shame on me.’ As schools across the nation re-open, and as COVID-19 virus infection rates across Canada once again begin to climb, Canadian P&C industry observers…

The post P&C industry braces for a ‘second wave’ of COVID liability appeared first on Canadian Underwriter.

The first quarter of 2020 saw a continuation and acceleration of the Canadian risk and insurance market shift that took hold in 2019, with pricing increases, withdrawn capacity in several key lines of business, tightened terms, and an increasingly rigorous…

The post Aon’s take on the state of the Canadian P&C insurance market appeared first on Canadian Underwriter.

Among a myriad of issues facing Canada’s P&C industry, reduced capacity in the property and casualty insurance market is top of mind for one senior executive at Gallagher. “While rate is a very big concern, capacity reduction, to me, is…

The post The biggest challenge for commercial brokers right now appeared first on Canadian Underwriter.

TORONTO, ON, SEPT. 15, 2020/insPRESS/ – Williams & Partners Forensic Accountants Inc. and Meaden & Moore International (Canada) are pleased to announce the merger of our firms. As of September 15, 2020, our new firm will be called Williams Meaden…

The post Meet Canada’s Newly Merged Forensic Accounting Firm appeared first on Canadian Underwriter.

If a client has business interruption coverage “following” a notifiable disease within a certain distance, while another has coverage for BI “in consequence” of the same disease, one of those clients could be covered for its COVID-19 closure while the…

The post Mixed result in British court ruling in business interruption coverage dispute appeared first on Canadian Underwriter.