InsuranceHires

Most IT teams believe that working from home has become a “ticking time bomb” that might lead to a corporate network breach, according to a recent survey from HP Inc. The HP Wolf Security Rebellions & Rejections report, released Sept.…

The post Pandemic leading to ‘ticking time bomb’ for cybersecurity appeared first on Canadian Underwriter.

Canadian auto insurers saw both an increase in auto premiums and an improvement in their loss ratios in 2020, according to research from A.M. Best Company Inc. “Less miles driven translates into less frequency in auto losses,” A.M. Best director…

The post Where auto insurers are seeing the biggest profitability improvements appeared first on Canadian Underwriter.

Advising construction clients around risk management strategies and new exposures is critical as the industry continues to struggle through prolonged supply chain disruptions, the soaring costs of building materials and labour shortages amplified by the COVID-19 pandemic, a risk advisor…

The post Construction risk advice critical amidst continued supply chain issues appeared first on Canadian Underwriter.

An Ontario manufacturer shuts down its factory for several weeks in the early stages of the COVID-19 pandemic. Factory managers re-configure the facility to allow workers to socially distance. Can that manufacturer get business insurance coverage if its policy wording…

The post Business interruption class action against Aviva Canada now fully certified in Ontario appeared first on Canadian Underwriter.

VANCOUVER – Residents across British Columbia are being advised to prepare a well-stocked emergency kit for what BC Hydro warns could be a stormy fall and winter made worse by the effects of a severe summer drought. The latest report…

The post Drought weakened trees, fall storms could mean more power outages: BC Hydro appeared first on Canadian Underwriter.

TORONTO, ON, SEPTEMBER 17, 2021/insPRESS/ – 30 Forensic Engineering, Canada’s leading multidisciplinary forensic firm, is pleased to announce the appointment of Daniel Balagot B.A.Sc., P.Eng.  as Associate, within the Materials & Product Failure / Piping & HVAC group.x Daniel holds a Chemical Engineering…

The post 30 Forensic Engineering Strengthens Materials & Product Failure Group with the Appointment of Daniel Balagot P.Eng. appeared first on Canadian Underwriter.

REGINA, SK, SEPTEMBER 17, 2021/insPRESS/ – MBC Group is pleased to announce the acquisition of Walker Projects, a leading Engineering Consulting firm in Saskatchewan. Walker Projects provides a one-stop-shop for a variety of construction projects in western Canada. In addition…

The post MBC Group acquires Walker Projects, an industry leading Engineering Consulting and Project Management firm appeared first on Canadian Underwriter.

Canada’s Top 5 property and casualty insurers control nearly half the market, with the largest increasing their market share further, an A.M. Best Company analyst said Wednesday. About two-thirds of direct premiums written, in Canadian P&C insurance, are controlled by…

The post Biggest insurers will soon control more of the market: A.M. Best appeared first on Canadian Underwriter.

By 2022, 2.85 million small drones will be flying the friendly skies, according to projections by the Federal Aviation Administration. Our numbers are nowhere near as high. According to Transport Canada, as of Aug. 31, 63,200 drones were registered in…

The post Flying high: Drone use in insurance appeared first on Canadian Underwriter.

Despite a significant industry-wide drop, over three years, in home insurance loss ratios, the CEO of Canada’s biggest carrier is predicting rate increases. “In home insurance, our perspective is that we will see a mid- to upper-single-digit rate increase environment,”…

The post Why Intact CEO predicts more rate increases for homeowners appeared first on Canadian Underwriter.

By Jeremy Rimando, Postdoctoral Research Fellow, Structural Geology and Tectonics, McMaster University and Alexander Lewis Peace, Assistant Professor (Structural Geology), McMaster University – THE CONVERSATION This article was originally published on The Conversation, an independent and nonprofit source of news,…

The post Contrary to popular belief, Eastern Canada is more at risk of earthquakes than perceived appeared first on Canadian Underwriter.

You may not know the Mayo Clinic’s Dr. James Levine. But you’ve likely heard his now-famous phrase: “Sitting is the new smoking.” With many employees sitting in front of a computer in the comfort of their homes for the past…

The post How one MGA keeps employees moving — virtually appeared first on Canadian Underwriter.

Despite the ongoing COVID-19 pandemic and increasing cost of weather catastrophes, the industry-wide combined ratio still improved 3.7 points last year and the pandemic is part of the reason, A.M. Best Company Inc. suggested in a report released Wednesday. The…

The post Why A.M. Best says the Canadian industry profitability is improving appeared first on Canadian Underwriter.

Westland Insurance Group Ltd. has announced the acquisition of Tredd Insurance Brokers in Toronto and Calgary, one week after it acquired two other brokerages in Alberta. Tredd Insurance offers commercial insurance, with specialties including but not limited to transportation, oil…

The post Westland announces third acquisition in one-week period appeared first on Canadian Underwriter.

Two Canadian mutual insurers have announced they are implementing vaccination policies for their workforces. Gore Mutual Insurance Company and Wawanesa Mutual Insurance Company made the announcements earlier this week. “After hearing from employees, and keeping the health and well-being at…

The post How insurers are approaching mandatory vaccinations appeared first on Canadian Underwriter.

VICTORIA – The British Columbia government has not effectively overseen the safety of the 1,900 dams it regulates, says the auditor general.   Michael Pickup said the Ministry of Forests, Land, Natural Resource Operations and Rural Development has not adequately verified…

The post B.C. not effectively overseeing safety of dams: auditor general  appeared first on Canadian Underwriter.

This September, Crawford & Company (Canada) Inc. will be hosting their very first Specialty Showcase webinar. Join practice leaders, Mark Hale, Robert Holmes and Neal Jardine on Wednesday, September 22, 2021 at 2:00 p.m. EST for a 1.5 hour long…

The post Crawford’s Specialty Showcase appeared first on Canadian Underwriter.

MISSISSAUGA, ON, SEPTEMBER 15, 2021/insPRESS/ – Origin and Cause, Canada’s largest forensic engineering and fire investigation firm, is excited to announce the addition of Said Ismail, P.Eng., CFEI, to our team in Ancaster, where he will be adding his considerable skill and technical expertise.  “I’m thrilled to…

The post Said Ismail, P.Eng., CFEI Joins Origin and Cause appeared first on Canadian Underwriter.

OTTAWA, ON, SEPTEMBER 15, 2021/insPRESS/ – EFI Global, a leading full-service international consulting firm specializing in forensic engineering, environmental, fire investigation and specialty consulting services, has appointed Shaehan Corbell to the role of project manager in Canada. For the past…

The post Shaehan Corbell joins EFI Global as project manager in Ottawa, Ontario appeared first on Canadian Underwriter.

CatIQ Connect, the Canadian catastrophe conference, is continuing the quarterly webinar series through June 2022. The June 2022 event is themed Sustainable and Inclusive CAT Managements at All Levels. This event will look at ESG, vulnerable populations, and where Canada…

The post Sustainable and Inclusive CAT Managements at All Levels appeared first on Canadian Underwriter.

CatIQ Connect, the Canadian catastrophe conference, is continuing the quarterly webinar series through June 2022. The Feb 2022 event is themed Catastrophe: Past, Present, and Innovative Paths Forward. As always, this event will feature a catastrophe year in review presented…

The post Catastrophe: Past, Present, and Innovative Paths Forward appeared first on Canadian Underwriter.

CatIQ Connect, the Canadian catastrophe conference, is continuing the quarterly webinar series through June 2022. The Dec 2021 event is themed New in Catastrophe Technology & Modelling, and will focus on innovative CAT management technology and models that have arisen…

The post New in Catastrophe Technology & Modelling appeared first on Canadian Underwriter.

CatIQ Connect, the Canadian catastrophe conference, is continuing the quarterly webinar series through June 2022. The Oct 2021 event is themed Cyber and The Connected World, and will focus on topics related to cyber and supply chain disruptions, how these…

The post Cyber & The Connected World appeared first on Canadian Underwriter.

The pandemic has spurred MGAs and one insurer to offer additional paid time off and be more generous with their vacation policies. AXA Group announced Sept. 7 that it was giving its 153,000 employees worldwide two additional paid days off…

The post Insurer, MGAs give employees more time off during pandemic appeared first on Canadian Underwriter.

The Lloyd’s market has returned to profitability. The Corporation of Lloyd’s has reported a 2.1-point improvement in its attritional loss ratio, from 52.6% in during the first six months of 2020 to 50.5% in the first half of this year.…

The post Combined ratio drops 18.2 points in the Lloyd’s market appeared first on Canadian Underwriter.

Losses to Canadian clients, from Hurricane Larry, seem to be comprised mainly of wind damage to residential property on Newfoundland Avalon’s peninsula, according to reports from adjusters so far. Hurricane Larry, which originated in the North Atlantic Ocean, passed by…

The post Will Hurricane Larry meet the cat threshold? appeared first on Canadian Underwriter.

Prosecutors failed to prove Linda O’Leary was operating her boat without proper care or consideration for others when it crashed into another vessel in central Ontario two years ago, a judge ruled Tuesday as he cleared her in the fatal…

The post Linda O’Leary found not guilty of careless driving in fatal boat crash appeared first on Canadian Underwriter.

Rate comparison site RATESDOTCA has acquired fellow aggregator LowestRates.ca. LowestRates.ca will continue to operate as a separate site and independent source of financial services information and rates, LowestRates.ca co-founder and CEO Justin Thouin said in a LinkedIn post Monday. Terms…

The post RATESDOTCA acquires LowestRates.ca appeared first on Canadian Underwriter.

TORONTO, ON, SEPTEMBER 14, 2021/insPRESS/ – Accident Support Services International and Gore Mutual Insurance Company Have Successfully Gone Live with FNOL Integration Gore Mutual Insurance Company has been a longtime supporter of Accident Support Services International Ltd. (ASSI) and the…

The post First Notice of Loss Integration Is A Success appeared first on Canadian Underwriter.

Join us virtually for our highly-anticipated Industry Trends & Predictions: 2022, featuring respected p&c consultant Phil Cook. Phil will take a look back at significant events that have impacted our industry. In addition to his usual review of recent events impacting…

The post Insurance Institute of Ontario- Industry Trends & Predictions: 2022 appeared first on Canadian Underwriter.