Topic
Insurance
City of Saint John settles $2 million claim with AIG over 2020 cyberattack
April 18, 2024 Andrew Bates, Canadian PressSAINT JOHN, NB — The City of Saint John says it’s settled one of two insurance claims related to a 2020 cyberattack and will be paid the “full-face value” of $2 million. At its meeting Monday, Saint John council voted…
Hybrid brokerage/agency rebrands following merger
April 18, 2024 by Jason ContantQuebec brokerages PMA Assurances and PMT ROY Assurances et services financiers have merged under the name Ellipse Agence en assurance de dommages inc., creating what the firm is calling the province’s largest damage insurance agency distributing Intact Insurance products exclusively.…
ClaimsPro Appoints Jeff Stinson Director, Business Development, Municipal Risk
April 18, 2024 SCM Insurance ServicesTORONTO, ON, APRIL 18, 2024/insPRESS/ – ClaimsPro is pleased to announce the appointment of Jeff Stinson as Director, Business Development, Municipal Risk. Jeff presently works as a Branch Manager for ClaimsPro’s Peterborough location and will continue in this capacity as…
What post-pandemic coverage looks like for healthcare providers
April 17, 2024 Philip PoradoThe word ‘soft’ doesn’t spring to mind when describing the current insurance market for Canada’s healthcare providers. But four years after the start of the COVID-19 pandemic, insurers are becoming more comfortable looking at, and writing, healthcare business. “We’re having…
Wildfire clean-up continues in Enterprise, NWT
April 17, 2024 Tom Taylor, Local Journalism Initiative Reporter, NWT News/North – The Canadian PressEnterprise’s 2024 spring carnival was a sorely needed opportunity for celebration in a community that has been through more than most over the last few months. “It was just great fun,” said Sandra McMaster, who became the community’s new mayor…
How auto theft is evolving
April 17, 2024 by Jason ContantFraudsters are adapting their methods in an attempt to fly under the claims radar, and even using artificial intelligence to create false documentation and platforms for claims handling, speakers tell the Insurance Institute’s 2024 CIP Society Symposium. Auto theft has…
In the poly-crisis era, what are the odds of stagflation?
April 17, 2024 by David GambrillOften described by Canadian property and casualty risk professionals as ‘uncertain,’ ‘volatile,’ and even just plain ‘weird,’ the post-pandemic era now has a name — we’re in a poly-crisis. “Here’s a short definition of what poly-crisis means — it comes…
ClaimsPro Appoints Shawn Roy as Branch Manager of Northeastern Ontario
April 17, 2024 SCM Insurance ServicesTORONTO, ON, APRIL 17, 2024/insPRESS/ – ClaimsPro, Canada’s leading provider of independent claims adjusting services and an SCM company, today announced the appointment of Shawn Roy as Branch Manager of Northeastern Ontario, overseeing the Kapuskasing, Sault Ste. Marie, Timmins, North…
How forensic engineers help resolve construction disputes
April 16, 2024 Yasser Korany, KSI Engineering and Mina Tesseris, ArbiTECHCanada’s construction sector, which accounts for 7.5% of the country’s GDP according to the Canadian Construction Association, is seeing a rise in construction claims and disputes. That’s partially due to the increasing technical sophistication of construction projects, escalating price of…
Quebec court approves class action alleging opioid makers misled users about risks
April 16, 2024 The Canadian PressA Quebec Superior Court judge has authorized a class-action lawsuit against 16 pharmaceutical companies that are alleged to have misled consumers about the efficacy and dangers of opioid medications. The class action includes everyone in Quebec who was diagnosed with…
BrokerLink reveals 18-month growth target
April 16, 2024 by Jason ContantBrokerLink aspires to increase its direct premiums written (DPW) by more than $1 billion over the next year-and-a-half. In 2023, BrokerLink surpassed $3.5 billion in DPW. “Our ambition is to be $5 billion by the end of 2025,” president Joe…
Alberta Insurance Council names new CEO
April 16, 2024 by Alyssa DiSabatinoAlberta Insurance Council (AIC) has announced Amina Deiab as its new chief executive officer, effective April 22. Deiab is AIC’s second permanent CEO since the provincial licensing and regulation body for insurance brokers and adjusters launched 35 years ago.…