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TD faces class-action lawsuit over travel insurance and cancelled trips amid pandemic
September 10, 2020 Christopher Reynolds – The Canadian PressToronto-Dominion Bank is facing a class-action lawsuit over its refusal to pay travel insurance claims following trip cancellations triggered by the COVID-19 pandemic. Lead plaintiff Kevin Lyons cancelled his family’s flight to Italy along with their Mediterranean cruise in early…
Are you a stressed-out insurance professional? Join the club.
April 20, 2018 by Jason ContantDo you find the daily grind at your brokerage unbearable? You’re definitely not alone. Two-thirds (66%) of working Canadians report moderate to high levels of stress at their jobs, according to a TD Bank Group survey released Thursday. But those…
A.M. Best reports spike in Canadian investment in U.S. insurance market
September 1, 2017 by Canadian UnderwriterThere is a “growing interest” among Canadian property and casualty insurers in the United States market, while on this side of the border, Aviva plc has became the Number 2 P&C insurer in Canada and the loss ratio in Canadian…
Bank of Canada expected to raise its key rate for first time in nearly seven years
July 11, 2017 Craig Wong - THE CANADIAN PRESSOTTAWA – The Bank of Canada is expected to raise its key interest rate target for the first time in nearly seven years on Wednesday following signs the economy is well on the road to recovery after the crash in…
IBM and SecureKey Technologies to deliver blockchain-based network for Canadian consumers
March 21, 2017 by Canadian UnderwriterIBM and SecureKey Technologies, an identity and authentication provider company, announced on Monday that they are joining forces to “enable a new digital identity and attribute sharing network” based on IBM Blockchain. “The network will be designed to make it…
Big banks shave 2016 growth outlooks for Canada in wake of Alberta wildfire
May 12, 2016 Andy Blatchford - THE CANADIAN PRESSOTTAWA – The effects of the enormous Alberta wildfire on the ever-crucial oil sector have prompted forecasters to trim their 2016 economic growth predictions for the entire country. Experts, including those from several big banks, have shaved their outlooks in…