Canadian Underwriter

Topic HR

News CommercialHRMGAs

New president for Lloyd’s Canada

June 1, 2020 by Greg Meckbach

Marc Lipman, former chief operating officer of American International Group (AIG) Canada, is the new president of Lloyd’s Canada. Lipman (pictured, above) replaces Lisa Duval, who had served as Lloyd’s Canada’s attorney in fact and chief agent, on an interim

News AdjustersBrokersClaimsHRTechnology

Q&A: Business Continuity in the Digital Age

May 26, 2020 by David Gambrill

More than 3 million Canadians lost their jobs in March and April due to the business closures to reduce the spread of the novel coronavirus. An Angus Reid poll published in March suggested that 44% of Canadian households reported lost

News EducationHRRisk Managers

How to manage the immediate COVID-19 fallout while preparing for a post-pandemic future

April 22, 2020 by Jason Contant

Industry leaders should begin preparing right now for the post-pandemic business environment, while still managing the immediate fallout of COVID-19, two partners of a strategy consulting firm said recently. This includes spending time envisioning the future, developing a strategy to

News HR

Small businesses seek rapid rent relief measures as Trudeau promises more support

April 16, 2020 by Ian Bickis - THE CANADIAN PRESS

TORONTO – Small businesses are hoping for promised rent relief from both landlords and government as the COVID-19-related shutdown drags on and their bills pile up. The urgency comes as some landlords have already started issuing eviction notices for businesses

News BrokersHR

The impact of dire unemployment on P&C

April 15, 2020 by Adam Malik

George Hodgson was blunt in his observation of what would happen if fears of a 25% unemployment rate come true in his province. “It’ll be horrendous,” the CEO of the Insurance Brokers Association of Alberta told Canadian Underwriter of the

News HRRisk Managers

Economic downturn from COVID-19 will be sharpest on record, Bank of Canada warns

April 15, 2020 by The Canadian Press

OTTAWA – The Bank of Canada is warning that the downturn tied to COVID-19 will be the worst on record and that the economic recovery will depend on the effectiveness of current measures to bring the pandemic under control. The

News HR

Nearly 5.4 million receiving emergency federal aid as requests climb

April 13, 2020 by The Canadian Press

OTTAWA – The federal government says nearly 5.4 million Canadians are now receiving emergency aid to replace incomes lost due to COVID-19. The figures this morning show 5.38 million applications have been processed since March 15, a figure that includes

News ClaimsHR

How Aviva is responding to dentists’ COVID-19 claims

April 2, 2020 by Greg Meckbach

Aviva Canada is promising guidance to dentists who want to submit claims arising from provincial government orders shutting down non-essential services. Aviva writes TripleGuard, a property and casualty insurance product for dentists provided by CDSPI, originally known as Canadian Dental

News HRInsurers

How Canada’s P&C industry will weather the economic storm from COVID-19

April 1, 2020 by Jason Contant

Canada’s P&C insurance industry will likely not experience significant underwriting losses overall, but financial volatility due to COVID-19 will affect investment portfolios in the short-term, global credit ratings firm DBRS Morningstar said in a new report. “We consider the coronavirus

News HRLegalRisk Managers

Employers will have to show they prepared workers to avoid breaches, lawyer says

April 1, 2020 by David Paddon - THE CANADIAN PRESS

TORONTO – Amid the mass transition to remote working as a result of the COVID-19 pandemic, most employers are likely focused on operational issues in order to get their employees up and running in their new home offices. However, in

News BrokersHR

“Working from home is working,” P&C industry reports in CU poll

March 27, 2020 by David Gambrill

So far, so good, the Canadian property and casualty insurance industry appears to have adapted very quickly to the new virtual environment of working from home, according to results from a recent Canadian Underwriter survey of its readership. Just over

News BrokersHR

Why Hub bought Morneau Shepell’s benefits consulting practice

March 11, 2020 by Jason Contant

Hub International’s recent acquisition of Morneau Shepell’s benefits consulting practice will allow the global brokerage to better serve the needs of both large employers and mid-market customers, the brokerage told Canadian Underwriter Tuesday. “[Morneau Shepell’s] focus on large and jumbo