Canadian Underwriter

Keyword
COVID-19


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Will cyber insurance rates double in the next couple years?

October 4, 2021 by Jason Contant

Prices in the cyber re/insurance market could rise sharply between 2021 and 2023, in some cases doubling from current levels, according to a report from S&P Global Ratings. “Depending on the region and [terms and conditions], policyholders could expect rate

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How much claims costs decreased for one insurer

September 30, 2021 by Jason Contant

Manitoba Public Insurance (MPI) is reporting a 27% decrease in claims costs in the first quarter of 2021 compared to a year ago, primarily as a result of less vehicles on the road due to the COVID-19 pandemic. Claims costs

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Ontario government pledges $100 million to help tourism sector recover from COVID-19 

September 27, 2021 The Canadian Press

TORONTO – Ontario is investing $100 million in the province’s tourism sector to help it recover from the impact of COVID-19. Tourism Minister Lisa MacLeod says the money will be distributed through the new Tourism Recovery Program. McLeod says the

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How insurers are approaching mandatory vaccinations

September 15, 2021 by Jason Contant

Two Canadian mutual insurers have announced they are implementing vaccination policies for their workforces. Gore Mutual Insurance Company and Wawanesa Mutual Insurance Company made the announcements earlier this week. “After hearing from employees, and keeping the health and well-being at

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Return of events pushes hosts to address vaccination, COVID tests and masks

September 9, 2021 Tara Deschamps - THE CANADIAN PRESS

TORONTO – When Sept. 11 comes, Natasha Koifman’s backyard will be awash with chatter and music as up to 100 guests gather for an elegant dinner meant to raise funds for Haitians to access education. But the public relations maven’s

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The ‘Triple A’s’ to successfully navigate your company through the pandemic

September 7, 2021 by Jason Contant

The ‘Triple As’ of strategic agility — avoid, absorb and accelerate — are distinct ways that successful companies navigated the COVID-19 pandemic, according to a recent blog from Harvard Business Review. Companies such as Airbnb that not just survived by

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Ontario court certifies class-action against insurers related to COVID-19

September 1, 2021 The Canadian Press

TORONTO – Ontario’s Superior Court of Justice has certified a class-action lawsuit against fourteen insurance companies that denied business interruption claims related to COVID-19. The class action, launched by several small businesses including a suit store, a smoothie shop and

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Paid Return to Business: Preparing and Updating a Business Cash Flow Plan

September 1, 2021 Sara Ametrano and Victor Bandiera

To alleviate individual financial struggles due to COVID-19, the Federal government implemented the Canada Emergency Response Benefit (CERB) program. This initiative (currently in place until October 23, 2021) provides financial relief for eligible employers to cover a portion of their

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2021 set to be record year for M&A insurance: report

August 31, 2021 Canadian Underwriter Staff

This year will be a record year for mergers and acquisitions insurance, a recent report by global independent broker BMS Group estimates. The inaugural Private Equity, M&A and Tax Insurance Report, released in May, found that while the COVID-19 pandemic

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Post-pandemic mindshift needed in claims leadership: Desjardins execs

August 27, 2021 Canadian Underwriter Staff

Claims leaders will need to evolve their mindsets if property & casualty insurers are to succeed in meeting customer demands post-COVID, senior Desjardins Insurance Group execs suggest. “Before the pandemic, we thought we were doing a good job, but we

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No charges in case of Montreal area private care home where dozens died of COVID-19  

August 26, 2021 The Canadian Press

MONTREAL – Quebec’s Crown prosecutor’s office says the owners of a Montreal-area long-term care home where dozens died during the first wave of the novel coronavirus pandemic will not face criminal charges.   The office said today in a statement that

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How technology is addressing ‘broken offline processes’ and broker pain points

August 25, 2021 by Jason Contant

Creating a “digital round trip” for all players in the insurance ecosystem – from broker to technology vendor to consumer – has really been catalyzed by the COVID-19 pandemic and the move to remote working, the CEO of tech vendor