Keyword
commercial insurance
How your large business clients can manage cyber risks they can’t see
June 14, 2022 by David GambrillIn the wake of lifting of pandemic restrictions, digital transformation is becoming so extensive that organizations are having trouble getting a handle on their broadening cyber exposures. “As organizations grow and incorporate digital and cloud transformation into the fabric of…
Sexual harassment: Grounds for dismissal, but not for denying severance
April 27, 2022 by David GambrillSlapping a woman on the buttocks in the workplace may be grounds for dismissal, but the threshold for terminating severance as a result of sexual harassment requires ‘wilful misconduct,’ the Ontario Court of Appeal has ruled. In essence, if the…
Where Aviva Canada CEO sees commercial and auto lines heading
March 2, 2022 by Jason ContantPressures on commercial insurance rates will continue for the near future, but there will still be opportunities to write new business, says Jason Storah, CEO of Aviva Canada. As for auto lines, it remains to be seen how driving levels…
UFO sightings: Are your clients covered for an alien invasion?
June 24, 2021 by David GambrillRecent talk about UFOs during the pandemic has caused the most conspiratorial among us to wonder if Canada’s property and casualty insurance industry is prepared for the most secretive of risks: An alien invasion of Earth. Film footage has emerged…
OSFI results: The good, the bad, and the ugly for Canada’s P&C industry
March 25, 2021 by David GambrillCOVID-19 last year might have been the end of the world as we know it, to riff on a song by R.E.M., but Canada’s P&C insurance industry is doing fine — financially, at least. After a full year of the…
Has the pandemic changed how brokers think about specialization?
November 23, 2020 by Adam MalikWith the global COVID-19 pandemic affecting specific sectors harder than others, brokers may see the value in the diversification of their offerings so as to not have their business depend on the success of one sector, says one broker leader.…
Canadian small businesses ask insurers for more relief
November 11, 2020 by Adam MalikWith commercial insurance premiums on the rise in a number of business classes, and some unable to even find an insurer, a national association representing Canadian small businesses is calling on insurers and provincial governments to do more to ensure…
Insurers pledge small business help as pressure mounts to address rising rates
October 29, 2020 The Canadian PressA group representing Canadian insurance companies say it is launching a team that will help small businesses find affordable coverage as rates rise because of the pandemic. The Insurance Bureau of Canada, an association that represents the industry, says the…
Ontario promises action to address rising commercial insurance rates, critics urge regulation
October 26, 2020 Shawn Jeffords - THE CANADIAN PRESSTORONTO – Under pressure to address rising commercial insurance rates blamed on the pandemic, Premier Doug Ford promised this week to take action to stop what he called “gouging” by some companies in the sector. Ford twice this week has…
Commercial clients want your advice on how to re-open safely. What do you tell them?
July 8, 2020 by David GambrillAs provincial governments across Canada begin to fire up their local economies in staged phases, Canadian businesses are asking their brokerages for advice on how to re-open safely. Aon Canada is already engaged in these sorts of their discussions with…
How IBC plans to keep insurance “affordable and available” across Canada
February 18, 2020 by Jason ContantFollowing years of significant commercial insurance losses, Insurance Bureau of Canada (IBC) has launched a national task force to examine ways to help Canadian consumers mitigate risk and manage costs. The National Commercial Insurance Task Force will bring together insurers,…
What reinsurance renewals on Jan. 1 told us about the market
January 2, 2020 by David GambrillReinsurance renewals at Jan. 1, 2020 reflected an “asymmetrical” market, featuring a mixed bag of rate increases or decreases (depending on the specific business line or territory), as well as significant rate increases in the retrocession markets, according to Guy…