Topic Claims
Why a short-term approach to talent management doesn’t work anymore
November 26, 2021 by Jason ContantIt’s time employers get better at sourcing their own talent and actively developing their employees’ skills, two authors wrote in a blog from Harvard Business Review. “For decades, companies have adopted a short-term, ad hoc approach to talent management —…
Prime minister approves request for military help as Newfoundland deals with flooding
November 26, 2021 by THE CANADIAN PRESSCHANNEL-PORT AUX BASQUES, N.L. – Prime Minister Justin Trudeau has approved a request for military assistance for southwestern Newfoundland, where road washouts from a punishing rainstorm have left the region cut off from the rest of the province. Trudeau issued…
Extreme wildfire weather increasing around the globe, some of the largest increases in Western Canada: research
November 25, 2021 by Bob Weber - THE CANADIAN PRESSNew research suggests the risk of extreme wildfire events is increasing across the globe, with some of the largest increases in Western Canada. The research, conducted by Natural Resources Canada and published Thursday in the journal Nature, says rising temperatures and…
Flooding reported in Cape Breton and western Newfoundland as storm stalls over region
November 24, 2021 by Michael MacDonald and Sarah Smellie - THE CANADIAN PRESSTorrential rain flooded basements and washed out roads and bridges in western Cape Breton and southwestern Newfoundland on Wednesday, as a huge storm spent a third day slowly trudging over Atlantic Canada. A state of emergency was declared late Tuesday in Cape…
What’s on Insurance Bureau of Canada’s agenda?
November 23, 2021 by Jason ContantDigitization efforts and consumer choice are at the top of Insurance Bureau of Canada’s (IBC) agenda, the association’s chief strategy officer said last week at an industry event. “We essentially want to look at how does the consumer want to…
Private Lives: How to ensure discretion for your HNW clients’ claims
November 23, 2021 by Brooke SmithPrivacy is an essential part of insurance and for high net worth (HNW) clients, it’s even more important to be discreet — particularly if they have insurance claims. “For a HNW client, [any kind of loss] resulting in a claim…
Two examples of good ‘social’ practices under ESG
November 22, 2021 by Greg MeckbachHaving clear policy wording is one component of the “social” part of environmental-social-governance (ESG) practices, suggests senior official with Canada’s financial services regulator. “It’s increasingly clear that insurers need to focus on policy wording to avoid adverse court decisions as…
NFP’s Canadian offices partner with U.K. insurtech Loadsure
November 22, 2021 by Canadian Underwriter StaffBroker and consultant NFP’s Canadian-based offices formed an exclusive partnership with U.K.-based Loadsure to obtain instant- and on-demand cargo and shippers’ coverage to NFP’s Canadian logistics clients shipping cargo globally. The agreement includes inland transit. NFP has over 800 employees…
Maritimes targeted for blast of torrential rain and powerful winds
November 22, 2021 by The Canadian PressHALIFAX – Much of the Maritime region is bracing for strong winds and heavy downpours that could dump up to 150 millimetres of rain in some areas by Wednesday. Total rainfall over the next 36 hours is expected to be…
What OSFI’s insurance head says about return-to-work
November 19, 2021 by Greg MeckbachStaff retention, professional development and the risk of worker isolation are among the factors the industry needs to think about when deciding on an approach to working remote or in the office. “As the pandemic eases and restrictions are lifted,…
The evolving value of the claims sector
November 18, 2021 by Jason ContantWhile the traditional view of claims is that it sits towards the back of the value chain, that is changing, a speaker said Wednesday during KPMG’s 30th annual insurance conference. The evolving role of claims was one of four macro…
Supreme Court of Canada rules against BC trial lawyers in disputed subrogated Ontario auto claim
November 18, 2021 by Greg MeckbachIf the Trial Lawyers Association of British Columbia had its way, auto insurers would have an incentive to go the “extra mile” in trying to find reasons to deny claims, two Supreme Court of Canada judges suggested in a decision…