Canadian Underwriter

Topic Insurers

News InsurersRisk Managers

Meet Zurich’s new chief risk officer for Canada

February 25, 2021 by David Gambrill

Sonia 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

News BrokersHRInsurersManagementOperations

Workplace Vaccination: Should you force your staff to vaccinate?

February 25, 2021 by Adam Malik

Enforcing 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

News InsurersLegalOperations

When Economical plans to hold final demutualization vote

February 25, 2021 by Greg Meckbach

An 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

News BrokersCommercialEducationInsurersLiabilityPersonal HomeQuebec

Condo corporation insurance? Unit insurance? Too many condo owners don’t know the difference

February 24, 2021 by David Gambrill

Brokers 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

News BrokersHRInsurersManagementOperations

Workplace Vaccination: A gateway to workplace wellness discussions

February 24, 2021 by Adam Malik

Discussions 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

News InsurersLoss TrendsPersonal Auto

Intact CEO’s forecast for auto rate relief in 2021

February 24, 2021 by Greg Meckbach

It 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

News AdjustersClaimsClaims ProfessionalsCommercial AutoInsurersPersonal Auto

The future of auto claims if everyone keeps working from home

February 23, 2021 by David Gambrill

Auto 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

News BrokersEducationHRInsurersManagementOperations

Workplace Vaccination: Follow the leader

February 23, 2021 by Adam Malik

If 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

News Business InterruptionClaimsClaims Canada ArchiveCommercialInsurersLegalLoss TrendsOntario

Why business interruption lawsuits against Aviva got ‘carved off’ from Ontario class action

February 23, 2021 by Greg Meckbach

Aviva 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

News BrokersInsurersManagementOperationsTechnology

How carriers could save brokers from ‘drowning in friction’

February 23, 2021 by Greg Meckbach

If 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

News Insurers

Canadian banks, bellwethers of pandemic recovery, to reveal key statistics this week

February 23, 2021 by Anita Balakrishnan - THE CANADIAN PRESS

TORONTO – 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

News B.C.ClaimsClaims ProfessionalsConstructionInsurersLegal

Why a $10-million limit did not apply to mitigation of loss in this professional liability policy

February 22, 2021 by David Gambrill

B.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