Keyword
budget
Brokers, insurers respond to 2023 Ontario budget
March 24, 2023 by Jason ContantOntario’s broker association is glad to see auto insurance as well as enhancing Ontario’s emergency response remains on the provincial government’s agenda. In its 2023 Ontario Budget, the government said it will “continue to make progress on previous commitments, including…
Where employers are having difficulty attracting and retaining talent
July 27, 2022 by Jason ContantAttracting and retaining IT and digital talent remains the biggest challenge for companies around the world, and it’s an even bigger problem for employers than it was in 2021, according to a recent survey from WTW. IT/digital talent remains the…
B.C. budget includes $2.1B in disaster relief
February 23, 2022 Dirk Meissner - THE CANADIAN PRESSVICTORIA – British Columbia has earmarked $2.1 billion to fund disaster recovery efforts and future response to the threats posed by wildfires, floods and heat waves in a budget that forecasts a $5.5-billion deficit. Finance Minister Selina Robinson said Tuesday…
How your federal corporate tax reporting rules could change
April 21, 2021 by Greg MeckbachSome brokerages might be at greater risk of being audited by Canada Revenue Agency or having to file more tax paperwork if measures proposed in Monday’s federal budget come to fruition. The federal government is proposing new requirements for corporations…
How federal budget could improve cyber underwriting
March 21, 2019 by Greg MeckbachInsurance Bureau of Canada officials are hoping a $145-million commitment by the federal government towards cyber security will help the industry better understand how much a cyber incident could cost. In the 2019-20 budget document tabled Tuesday, federal Finance Minister…
What Ontario’s budget means for women in the province’s P&C industry
April 2, 2018 by Greg MeckbachFair wages for women is becoming a “bigger issue” in the insurance industry, says Colin Simpson, CEO of the Insurance Brokers Association of Ontario. “There is proven disparity in the marketplace” between men’s and women’s salaries, Simpson told Canadian Underwriter…
Ontario budget 2018: What’s in it for the industry
March 29, 2018 by Greg MeckbachThe Ontario government’s 2018-19 budget document provides some comfort for auto insurers because the province is committing to having the new regulator up and running by April 2019. The Financial Services Regulatory Authority, which will effectively replace the Financial Services…
Why insurers and brokers like Ontario’s budget
March 29, 2018 by David GambrillFacing the distinct possibility of a political regime change in Ontario, the province’s auto insurers and brokers are calling on all of the province’s political parties to keep their eyes focused on auto insurance reform as the way to deliver…
EY polls Canadian oil & gas refinery operators on equipment failure
August 28, 2017 by Canadian UnderwriterSome operators of Canadian oil and gas upgraders and refiners are delaying scheduled maintenance due to budget cuts and there is a heightened risk of equipment failure, especially with valves and pumps, Ernst & Young LLP suggested in a recent…
Accepting failure can fuel success, drive advances for companies looking to reach digital maturity: global study
July 14, 2017 by Canadian UnderwriterTrying and accepting the possibility of failure has proved an effective way for organizations to clear the aversion-to-risk hurdle and advance toward digital maturity, notes a new study from MIT Sloan Management Review and Deloitte Digital. In all, 71% of…
Documents show many cities are wary of mapping flood risks, making data public
May 9, 2017 Jordan Press - THE CANADIAN PRESSOTTAWA – When municipal officials were told last year about new tools to help them map the risk of flooding in their communities, they immediately raised red flags, suggesting they wanted no part of it over concerns about legal liability…
Preparation, not panic, is the way to address earthquake risk: IBC’s Don Forgeron
April 7, 2017 by Angela StelmakowichWhen talk turns to the possibility of a major earthquake in Canada, Don Forgeron, president and CEO of Insurance Bureau of Canada (IBC), advises that the response should be to prepare, not to panic. “No one should spend their day…