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insPRESS Insurance

Sugar Bush Breakfast in Ottawa cancelled due to COVID-19

March 16, 2020 WICC

Toronto, ON, March 16, 2020/InsPress/ – Early this morning, the Executive committee of the WICC Ontario Board met to review communication and event management regarding appropriate and cautionary actions due to COVID-19.   It is with regret that we will be

News Insurance

Canadian Underwriter creates COVID-19 industry information hub

March 13, 2020 by David Gambrill

In the wake of the World Health Organization declaring COVID-19 to be a pandemic, the Canadian property and casualty insurance industry has been moving very rapidly to share information of critical importance to industry stakeholders — including carriers, brokers, adjusters,

News InsuranceLegislation / Regulation

Why it’s nearly impossible to figure out how profitable Ontario auto is

March 13, 2020 by Greg Meckbach

Your Ontario auto clients have probably read media reports claiming they have been “over-paying” for years, but at the same time your markets are probably telling you they either lose money or barely break even on the product. So how

News Insurance

How pandemic is affecting Ontario lawsuits

March 13, 2020 Liam Casey and Paola Loriggio THE CANADIAN PRESS

TORONTO  – Lawyers, witnesses and those accused of crimes are being told not to attend Ontario courts if they have been advised by medical authorities to self-isolate due to the novel coronavirus. The Superior Court of Justice for Ontario has

News BrokersClaims CanadaInsurance

What a ‘made-in-Alberta’ no-fault auto insurance regime would look like

March 13, 2020 by Adam Malik

Moving to a no-fault system would help alleviate the pressures being put auto insurance costs in Alberta, and would be a unique model in the Canadian market, according to the head of the province’s brokers. “We feel this will kick

News Insurance

Why these industry events were postponed amid COVID-19 fears

March 12, 2020 by Adam Malik

Under mounting uncertainty and safety concerns, MSA Research made the call to push back two of its upcoming conferences to the fall. InsurTech North was set to run April 6-7 in Toronto, while the Canadian Insurance Financial Forum (CIFF) was

News BrokersInsurance

How P&C industry professionals are reacting to COVID-19: CU poll

March 12, 2020 by Adam Malik

Many Canadian property and casualty professionals are concerned about travelling to industry conferences, but a majority haven’t changed their plans due to the threat of COVID-19, according to a Canadian Underwriter survey conducted Tuesday. Almost 600 industry members responded to

News Insurance

‘Social distancing’ ramps up as COVID 19 spreads and economic toll mounts

March 12, 2020 Colin Perkel - THE CANADIAN PRESS

TORONTO – Keeping distance from others as a way to prevent the further spread of COVID-19 ramped up across Canada on Thursday as Prime Minister Justin Trudeau and his wife went into precautionary self-isolation, major events were cancelled, and stock

insPRESS Insurance

Sovereign Insurance announces changes to their senior leadership team

March 12, 2020 Sovereign Insurance

Toronto, ON, March 12, 2020/InsPress/  – Sovereign Insurance today announced changes to the roles and responsibilities of the company’s senior leadership team. Effective January 27,2020, Colette Taylor took on the newly created role of VP Commercial Solutions and Specialty Lines

insPRESS Insurance

First General is pleased to Announce the New Owner of our Greenstone office, Kevin Dallaire

March 12, 2020 First General

Toronto, ON, March 12, 2020/InsPress/ – Kevin is bilingual in French and English and worked for one of the largest construction companies in Eastern Ontario. He gained valuable knowledge in restoration, formwork and underground utilities. Kevin joined our First General

News BrokersInsuranceMergers and Aqcuisitions

One attractive option for brokerages looking to sell

March 11, 2020 by Jason Contant

Being bought by a private equity firm may be an attractive option for brokerages looking to sell, said veteran P&C industry advisor and consultant Mike Berris, a partner with Smythe Advisory. “Their offering can be attractive in that they often

News BrokersInsurance

Making changes? Here’s a recipe to do it successfully

March 11, 2020 by Adam Malik

Communication will make or break your brokerage’s new product offering or system implementation, which is why it has to be targeted, continuous and truthful, one expert advised at a recent conference. Principals may think they have this great new system