Canadian Underwriter

Topic Insurers

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Here’s how P&C pros say the recession will impact insurance

June 26, 2020 by Adam Malik

The recession will be long and painful so brokers and insurers need to settle in and do what they do best, property and casualty experts said. And don’t be surprised if some mergers and acquisitions activity push forward as tough

News BrokersClaims ProfessionalsHRInsurersManagement

You’re probably working too much while at home

June 25, 2020 by Adam Malik

Employees are working longer and harder in a COVID-19 world than they did before, and it’s raising concerns about burnout — especially when many aren’t making vacation plans, according to a number of recent studies. A recent survey showed that

News HRInsurersLegalManagement

Former LawPro CEO nominated to investment industry regulator board

June 25, 2020 by Greg Meckbach

Malcolm Heins, a former CEO of Ontario’s professional liability insurer for lawyers, has been nominated to the board of directors of the Investment Industry Regulatory Organization of Canada, IIROC has announced. Heins (pictured below) joined Simcoe & Erie General Insurance

News BrokersInsurers

Receivables and the recession: What does it say about your value as a broker if you don’t ask clients to pay?

June 24, 2020 by Adam Malik

Yes, times are tough, and brokers’ commercial clients are in a difficult financial situation during an economic recession, but brokers still have to ask their clients to pay their premiums. Brokers need their clients to pay up so that they’re

News InsurersLegalOntarioPersonal Auto

Toronto officer now allegedly linked to illegal tow truck scheme

June 24, 2020 by Paola Loriggio - THE CANADIAN PRESS

TORONTO – A Toronto police officer arrested last week in the theft of a police radio has now allegedly been linked to an illegal operation benefiting the tow truck industry. Toronto police said Monday that 11 people, including 47-year-old Const.

News InsurersPersonal Auto

How auto dealership closures affected the industry

June 23, 2020 by Greg Meckbach

Canada’s property and casualty insurance industry saw a steep drop this past April in the number of auto clients seeking policies for new vehicles, and it’s not clear how long a more recent rebound will last, the head of LowestRates.ca

News B.C.CommercialInsurersLoss ControlPropertyTrending

B.C. proposes ‘first step’ amendments to laws governing condo insurance

June 23, 2020 by THE CANADIAN PRESS

VICTORIA – The B.C. government says proposed legislation it has introduced takes first steps to address concerns about sky-high costs and availability of insurance for condominiums and other shared properties. Housing Minister Selina Robinson says the legislation proposes to amend

News BrokersClaimsCommercialCommercial AutoCyberEmerging RisksInsurersLegalLiability

Brokers urged to stay on top of coverage changes as businesses re-open

June 22, 2020 by David Gambrill

Brokers are advised to be aware of the “second wave” — and that doesn’t refer to the anticipated increase in the number of novel coronavirus infections in the fall. No, brokers are now being cautioned about the new wave of

News BrokersCatastrophesClaimsInsurersTrending

The likelihood that COVID-19 could kill a Canadian P&C insurer

June 22, 2020 by Adam Malik

There’s a chance COVID-19 could claim a Canadian insurer, one property and casualty insurance expert believes. “Canada has been blessed for a sustained period with no insurer failings — but there will be one,” warned Alister Campbell, president and CEO

News Insurers

What effect will investor pressure have on the insurance industry?

June 19, 2020 by Adam Malik

Demands are being placed on the insurance industry and that could set up some tense moments with a couple of groups, suggested the head of Zurich Canada. Demand from insurers, investors and shareholders are significant challenges to the industry as

News BrokersInsurers

Protecting your receivables: Execs in CU webinar discuss the options

June 19, 2020 by David Gambrill

Canada’s pandemic-induced economic recession is now in full swing, and although businesses are gradually starting to open up after a decline in COVID-19 infection rates, there is a great deal of speculation about insolvencies. And that has the P&C industry

News InsurersOntarioTrending

What a politician says he’ll do if insurer rebates don’t measure up

June 17, 2020 by Adam Malik

Threats are being lobbed at auto insurers by an Ontario member of parliament who indicated that insurers not offering satisfactory relief measures could be called out and face repercussions. In the latest salvo from Ontario Finance Minister Rod Phillips —