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Markets / Coverages
Executive Outlook 2020 | Valérie Lavoie, Desjardins
December 30, 2019 by David GambrillValérie Lavoie, President, Chief Operating Officer, Desjardins General Insurance Group Rising home and auto insurance premiums will be the big issue for the industry again in 2020, driven by the growing frequency and severity of extreme weather events and the…
Executive Outlook 2020 | Carol Jardine, Wawanesa
December 30, 2019 by David GambrillCarol Jardine, President, Canadian P&C Operations, The Wawanesa Mutual Insurance Company One of the most important issues facing the industry is the Canadian consumer’s pocketbook. Canadian families have never been more in debt and GDP and wage growth aren’t helping.…
Executive Outlook 2020 | Louis Gagnon, Intact
December 30, 2019 by David GambrillLouis Gagnon, President, Canadian Operations, Intact Financial Corporation I see two very important issues for insurance in 2020 — climate change and our ability to adapt; and cyber risk and the increasing need for protection. These challenges create an environment…
First batch of legal marijuana edibles on their way for B.C.
December 20, 2019 The Canadian PressVICTORIA – British Columbia’s government says the first batch of legal marijuana edibles, extracts and topical will soon be available for purchase, two months after they were legalized in Canada. The province says it received its first shipments of the…
Brokers should look for these three things in a cyber insurance policy
December 16, 2019 by Jason ContantCyber insurance policies still tend to be confusing for brokers, but there are three areas that they should focus on, recommends Nathan Rose, senior underwriter and business development specialist with Burns & Wilcox Canada. This includes: 1) policies that have…
Turning off the taps
December 7, 2019 Greg Meckbach, Associate EditorGlobal insurers are starting to withdraw from providing insurance coverage to the oil sands, which accounts for about two-thirds of Canadian oil production. What this means for your clients in the oil and gas sector…
Potential opportunity in mining insurance
December 5, 2019 by Greg MeckbachInsurers and brokers looking for new opportunities should consider covering a mining firm’s legal obligation to restore a site once the operation has closed. “In the Canadian market there is probably an emerging opportunity on this front,” Ben-Schoeman Geldenhuys, a…
The biggest challenges facing the commercial auto space
December 3, 2019 by Jason ContantCapacity issues, cross-border exposure, ongoing trade negotiations and liability losses are some of the biggest challenges in the commercial transportation space, a speaker said last week at Insurance Bureau of Canada (IBC)’s inaugural Commercial Insurance Symposium. “In the past four…
The ‘silent assassin’ in this liability coverage
December 2, 2019 by Jason ContantWe’ve all heard of ‘silent cyber’: potential cyber exposures contained within traditional property and liability policies that may not implicitly include or exclude cyber risks. But what about a ‘silent assassin’ in a policy? “Technology-related areas are a silent assassin…
Why there needs to be a refresh of policy triggers for this E&O coverage
November 29, 2019 by Jason ContantThere needs to be a complete refresh and rethink of policy triggers for healthcare liability insurance to make sure it’s up to speed for the digital age, a specialist insurer said. With traditional insurance for medical malpractice, a type of…
One positive trend in the P&C industry’s third-quarter results
November 28, 2019 by David GambrillCanada’s federally-regulated property and casualty insurers appear to be getting a handle on their property lines claims ratios, although auto lines are still in trouble, according to third-quarter industry results released by the country’s solvency regulator, the Office of the…
Will hard market conditions persist beyond the end of next year?
November 21, 2019 by Greg MeckbachWith insurers’ returns on equity lower than normal, it’s anyone’s guess how much longer your clients are going to see price increases. “Through 2020 we will see rate increases,” said Jim Auden, Chicago-based managing director of North American Insurance at…