Topic HR
New president for Lloyd’s Canada
June 1, 2020 by Greg MeckbachMarc 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…
Q&A: Business Continuity in the Digital Age
May 26, 2020 by David GambrillMore 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…
How to manage the immediate COVID-19 fallout while preparing for a post-pandemic future
April 22, 2020 by Jason ContantIndustry 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…
Small businesses seek rapid rent relief measures as Trudeau promises more support
April 16, 2020 by Ian Bickis - THE CANADIAN PRESSTORONTO – 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…
The impact of dire unemployment on P&C
April 15, 2020 by Adam MalikGeorge 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…
Economic downturn from COVID-19 will be sharpest on record, Bank of Canada warns
April 15, 2020 by The Canadian PressOTTAWA – 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…
Nearly 5.4 million receiving emergency federal aid as requests climb
April 13, 2020 by The Canadian PressOTTAWA – 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…
How Aviva is responding to dentists’ COVID-19 claims
April 2, 2020 by Greg MeckbachAviva 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…
How Canada’s P&C industry will weather the economic storm from COVID-19
April 1, 2020 by Jason ContantCanada’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…
Employers will have to show they prepared workers to avoid breaches, lawyer says
April 1, 2020 by David Paddon - THE CANADIAN PRESSTORONTO – 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…
“Working from home is working,” P&C industry reports in CU poll
March 27, 2020 by David GambrillSo 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…
Why Hub bought Morneau Shepell’s benefits consulting practice
March 11, 2020 by Jason ContantHub 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…