Canadian Underwriter

Topic
Commercial Lines

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News BrokersCommercial LinesInsuranceMergers and Aqcuisitions

Desjardins president on why the direct writer expanded into the broker channel

March 28, 2024 by Alyssa DiSabatino

Desjardins’ acquisition of The Insurance Company of Prince Edward Island (ICPEI) will enable the direct writer to diversify its distribution model and expand its national reach, Desjardins president and chief operating officer Valerie Lavoie tells Canadian Underwriter.   The acquisition is

Partnership of business concept. Group of businessperson. Customer support. Teamwork.
News AnnouncementsBrokersCommercial LinesMergers and Aqcuisitions

Desjardins expands into broker channel through M&A deal

March 27, 2024 by David Gambrill

Direct writer Desjardins is acquiring the Insurance Company of Prince Edward Island (ICPEI), an insurer that distributes solely through the broker channel. “With this acquisition, we’re strengthening Desjardins’ position in the Canadian commercial insurance market,” Guy Cormier, Desjardin’s president and

Top view of six cyber employees using laptops at a company
News BrokersClaimsCommercial LinesInsuranceMarkets / Coverages

How to keep cyber criminals from capitalizing on company culture

March 26, 2024 by Alyssa DiSabatino

Humans continue to be the weakest links when it comes to corporate cyber security, but companies looking to reduce phishing or ransomware attempts must first address their company culture, one expert tells Canadian Underwriter.   Over the past two to

Cybersecurity concept
News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / CoveragesTechnology

Giant Tiger customer data compromised in incident with third-party vendor

March 26, 2024 Tara Deschamps – The Canadian Press

Giant Tiger Stores Ltd. says contact information for some of its customers was compromised in an “incident” linked to a third-party vendor it uses. Alison Scarlett, a spokesperson for the Ottawa-based discount retailer, would not name the vendor on Monday

News BrokersCatastrophesClimate ChangeCommercial LinesInsuranceRisk

B.C.’s plan for flood mapping and building back better

March 22, 2024 by Alyssa DiSabatino

A new report by the Government of British Columbia details its commitment to developing a provincially coordinated floodplain mapping program, and sheds light on how and where it intends to rebuild communities after a flood.   More specifically, the report, From

Aerial view near Barrie, Ontario
News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / CoveragesRisk

Rising insurance premiums create challenges for local municipalities

March 20, 2024 Wayne Doyle, Local Journalism Initiative Reporter, BarrieToday.com – The Canadian Press

The cost of insurance for local municipalities continues to rise. Springwater Township received its annual insurance renewal notice last Friday at a cost of $625,709.52. That’s almost $42,000 more than last year, or slightly more than seven per cent. According

Person handing a stack of money toward the camera as a form of insurance salaries
News BrokersCommercial LinesEmploymentInsurance

What commercial and personal lines brokers make in 2024

March 18, 2024 by Alyssa DiSabatino

Across the country, commercial lines P&C broker executives and commercial lines team leads make more money on average than their personal lines counterparts, Impact Recruitment’s newest data shows.  The second iteration of Impact’s annual Insurance Salary Guide shows base pay

Scenic autumn view of the rural landscape, orchards, vineyards, and wineries of Oliver located in the Okanagan Valley of British Columbia, (B.C.) Canada.
News CatastrophesClaimsClimate ChangeCommercial Lines

B.C. orchards and vineyards to get $70M to replant after disastrous weather

March 14, 2024 The Canadian Press

BRITISH COLUMBIA — Farmers in British Columbia will get an extra $70 million to replant and strengthen fruit orchards and vineyards after two years of weather-related disasters, says Premier David Eby. The commitment comes after a devastating cold snap in

Cargo airplane flying over container ship in the ocean.
News BrokersCommercial LinesInsuranceMarkets / CoveragesRisk

One emerging threat to your business clients’ supply chains

March 13, 2024 by Alyssa DiSabatino

Geopolitical conflict is wreaking havoc on your business clients’ supply chains, a new Marsh report finds.   It’s required businesses to find better ways to mitigate or transfer specific risks before they develop into something of concern, according to Marsh

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News ClaimsCommercial LinesInsuranceLegalRisk

Paid the claim? No need to re-appraise after limitation period, court says

March 12, 2024 by Alyssa DiSabatino

An insurer that has already paid a claim doesn’t have to do a follow-up appraisal after the limitation period has expired, Ontario’s Superior Court of Justice has ruled.  “An admission of liability to pay on the part of an insurer

News CatastrophesClaimsClimate ChangeCommercial Lines

‘Clean slate’ to reshape B.C. wine industry, after climate-related catastrophes

March 11, 2024 Brenna Owen - The Canadian Press

The heart of British Columbia’s wine industry is reeling after suffering a litany of climate-related hits, resulting in two years of crop losses in the southern Interior. Record-breaking heat. Wildfires and smoke that repeatedly contaminated grapes. A destructive cold snap

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News ClaimsClaims CanadaCommercial LinesEmploymentInsuranceLegalMarkets / CoveragesRiskTechnology

B.C. health authority warns of possible privacy breach after police recover documents

March 8, 2024 The Canadian Press

An RCMP investigation has revealed a possible privacy breach for thousands of employees who worked or work at a health authority in British Columbia’s Interior. Interior Health says police contacted them in January about finding a document during its investigation