P&C insurers are actively managing how they deploy their global capacity for cyber insurance, and the underwriting process for that sector continues to gain rigor, said Aon’s quarterly global markets insights report. Although the frequency of cyber claims remained relatively…
Ontario’s new innocent co-insured law does not apply retroactively to claims events that happened before the legislation was passed, the Ontario Appeal Court has ruled. The co-insured rule restricts application of insurers’ policy exclusions for criminal acts only to those…
Definity Financial Corporation’s executive vice president of personal insurance is concerned about two trends in auto physical damage. “The two areas that are of concern to us are theft and total loss, where we are seeing approximately a 25% increase…
After a 49-year-long tenure in the insurance industry, John Sharoun, executive general adjuster and senior consultant at Crawford and Company Canada, is retiring on June 30, 2022. Sharoun fell into the industry between finishing school and looking for a…
OTTAWA – The cost of nearly everything at the grocery store continued to climb higher to push the annual inflation rate up in April. Statistics Canada said Wednesday that its consumer price index for April rose 6.8 per cent compared…
TORONTO, ON, MAY 18, 2022/insPRESS/ – According to the Association of Certified Fraud Examiners (ACFE), the typical workplace fraud case in Canada results in an average loss of approximately $90,000 with statistics showing billing schemes to be the most common, present…
A forest fire has forced the evacuation of residents in a community north of Sudbury, Ont. Conservation officers and Ontario Provincial Police assisted with the precautionary evacuation of Shining Tree, Ont., residents Saturday afternoon after a forest fire broke out…
With the May long weekend just around the corner, many Canadians will be packing their bags and heading up to the cottage, but a post-pandemic surge of demand may mean a lot of cottage rentals, and some important points of…
Investors are taking a turbulent ride as global stock markets correct and increasingly run the risk of entering recession territory. And, with some advisors’ clients ‘at the edge,’ that raises a red flag for errors and omissions (E&O) claims against…
If the Ontario Progressive Conservative Party moves ahead with one of its proposed changes to auto insurance, it could result in increased claims costs for auto insurers, or else shift the burden more onto extended (supplementary) health insurance policies, says…
MISSISSAUGA, ON, MAY 17, 2022/insPRESS/ – First Onsite Property Restoration, Canada’s leading property restoration company, has bolstered its local leadership team in Edmonton with the promotion of Curtis Azevedo to Branch Manager. In his role, Curtis will focus on providing…
TORONTO, ON, MAY 17, 2022/insPRESS/ – David Repinski, CEO of CRU GROUP, today announced the opening of its newest location in Winnipeg, Manitoba to continue the Company’s recent significant expansion across North America. This new location strengthens CRU GROUP’s service…