Topic Insurers
Meet Zurich’s new chief risk officer for Canada
February 25, 2021 by David GambrillSonia Kundi is Zurich North America’s new chief risk officer for Canada. She has joined the Zurich North America group risk management team, effective immediately, and reports to North America Chief Risk Officer Colleen Zitt. In addition to being a…
Workplace Vaccination: Should you force your staff to vaccinate?
February 25, 2021 by Adam MalikEnforcing a vaccination policy on staff is fraught with challenges, a brokerage expert warned. It’s a hot-button issue in the industry, according to the results of a recent online survey of more than 1,150 P&C insurance professionals conducted by Canadian…
When Economical plans to hold final demutualization vote
February 25, 2021 by Greg MeckbachAn all-policyholders’ vote on demutualization is scheduled this spring, Economical Insurance announced this week. “The process for getting this meeting on the calendar is on track,” said John Bowey, chairman of Waterloo, Ont.-based Economical, in an update posted Feb. 22…
Condo corporation insurance? Unit insurance? Too many condo owners don’t know the difference
February 24, 2021 by David GambrillBrokers in Quebec have ample opportunity to educate their clients about how condo insurance works, according to the results of a recent survey commissioned by Insurance Bureau of Canada. One key source of confusion may sound familiar to brokers elsewhere…
Workplace Vaccination: A gateway to workplace wellness discussions
February 24, 2021 by Adam MalikDiscussions about workers’ well-being during the COVID-19 pandemic have opened the door to broader discussions about workplace health and benefits, one brokerage executive has noticed. If employers want their staff healthy and working productively, they need to make sure staff…
Intact CEO’s forecast for auto rate relief in 2021
February 24, 2021 by Greg MeckbachIt could be up to a year before driving habits return to normal, but don’t expect many of your clients to pay less for auto insurance. Those were a couple of key takeaways from a recent Intact earnings call. “It…
The future of auto claims if everyone keeps working from home
February 23, 2021 by David GambrillAuto insurers will be watching very carefully to see how future working-from-home arrangements will affect downtown traffic patterns — and hence, auto insurance claims — during the post-pandemic era, says an RSA Canada claims executive. Government lockdowns to avoid the…
Workplace Vaccination: Follow the leader
February 23, 2021 by Adam MalikIf senior leadership wants employees to follow their guidance on getting vaccinated, they need to set the right example, experts advise. Leaders need to be seen promoting their vaccination programs, says Gigi Acevedo-Parker, a registered nurse and Hub International’s clinical…
Why business interruption lawsuits against Aviva got ‘carved off’ from Ontario class action
February 23, 2021 by Greg MeckbachAviva Canada is facing two proposed class-action lawsuits in Ontario from clients whose business interruption claims were denied during the ongoing pandemic. Allegations that Aviva has breached insurance contracts by denying BI claims have not been proven in court. Nordik…
How carriers could save brokers from ‘drowning in friction’
February 23, 2021 by Greg MeckbachIf your brokerage is bogged down dealing with the new ways your carrier partners are doing business, you aren’t alone. As insurance companies improve their products, introduce paperless initiatives, and upgrade from legacy systems, their broker partners often need to…
Canadian banks, bellwethers of pandemic recovery, to reveal key statistics this week
February 23, 2021 by Anita Balakrishnan - THE CANADIAN PRESSTORONTO – Canada’s biggest banks will report their quarterly financial results this week, and analysts say they will be listening for hints as to how bank executives view the economic recovery from COVID-19. John Aiken, head of research (Canada) at…
Why a $10-million limit did not apply to mitigation of loss in this professional liability policy
February 22, 2021 by David GambrillB.C.’s Court of Appeal recently confirmed that a $10-million coverage limit did not apply to mitigation of loss coverage in a professional liability insurance policy, in part because the policy grouped mitigation of loss coverage together with other types of…