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The Co-operators

News CatastrophesTechnology

Must-have for insurers to underwrite overland flood

September 26, 2018 by Greg Meckbach

Artificial intelligence and data analytics is one reason some Canadian insurers are underwriting residential flood coverage, speakers said Tuesday during an industry conference. “Here is an opportunity that we took to really look at the massive data sets we worked

News InsuranceProducts

The Co-operators launches digital brand, new product

September 20, 2018 by Jason Contant

The Co-operators new digital insurance brand, duuo by co-operators, has launched its first product – on-demand, pay-per-use insurance for homesharing hosts. Guelph, Ont.-based Co-operators launched the product Tuesday, two months after the insurer said it was partnering with New York

Storm surge as high as 30 ft in Biloxi, Mississippi destroyed most of the structures right on the coast.
News CatastrophesInsuranceMarkets / Coverages

The exclusion that no longer applies to this home insurance coverage

August 28, 2018 by Greg Meckbach

Fifteen years after Nova Scotia was hit by Hurricane Juan, a Canadian home insurer is offering storm surge coverage in all four Atlantic Canada provinces. Storm surge is a rise in sea level resulting from atmospheric pressure changes and wind

News InsuranceMarkets / CoveragesTechnology

Top 10 Canadian insurer partners with Slice for new digital brand

July 18, 2018 by Jason Contant

The Co-operators and insurtech Slice Labs announced Wednesday a partnership to allow the insurer to launch a new digital insurance brand in Canada. The first product – underwritten by The Co-operators – will be a pay-per-use homeshare offering under the brand

News CatastrophesClaimsInsuranceRestoration

How the pieces of the puzzle fit together during a catastrophe

July 5, 2018 by Jason Contant

Following a catastrophe, policyholders are best served when adjusters and contractors adhere to their professional limitations in managing a loss, an industry executive said Tuesday. Jim Eso, senior vice president of property and casualty with Crawford and Company (Canada) Inc.,

News Appointments

The Co-operators appoints new executive vice president, CFO

May 24, 2018 by Jason Contant

The Co-operators has appointed Karen Higgins as its new executive vice president and chief financial officer, effective June 1. She replaces Bruce West, who holds the title and announced his retirement earlier this year. Currently vice president of finance in

News Products

Storm surge coverage now available for first time

May 7, 2018 by Jason Contant

The Co-operators announced Monday that homeowners in British Columbia and Nova Scotia can now be insured for storm surge damage, calling the coverage the first and only of its kind in Canada. Storm surges are waves caused by storms and

News Professional DevelopmentTechnology

Award-winning CIO shares three-pronged approach to business transformation

May 2, 2018 by Jason Contant

The Co-operators is taking a holistic approach to leadership and business transformation, using strategies such as design thinking and minimum viable product (MVP) concepts, common language around innovation, and technology. Carol Poulsen, executive vice president and chief information officer at

News AppointmentsInsuranceProfessional Development

This week in P&C employment changes

February 8, 2018 by Jason Contant

Co-operators senior executive to retire The Co-operators announced Thursday the retirement of Bruce West, its executive vice president, finance and chief financial officer (CFO), effective June 1, 2018. West joined The Co-operators in 2007 as CFO and over the past

News Climate ChangeInsurance

2018 Outlook: Rob Wesseling, President, CEO, The Co-operators Group Limited

January 3, 2018 Rob Wesseling

Taking on an increased leadership role with respect to climate change, and working to engage clients more effectively are two key challenges for the industry in the year ahead. In the short term, climate change may be a premium-level issue

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesReinsurance

Insurers, society face irreversible climate change: reinsurance board exec

December 19, 2017 Greg Meckbach, Associate Editor

Wildfires that hit British Columbia earlier this year and that continue to affect California are among the effects of climate change, says Karen Gavan, former CEO of Waterloo, Ont.-based Economical Insurance. “Literally California has been burning all fall,” said Gavan,

News Earnings / RatingsInsuranceMarkets / Coverages

The Co-operators reports net loss of $7.4 million in third quarter

October 27, 2017 by Canadian Underwriter

Co-operators General Insurance Company has reported a consolidated net loss of $7.4 million for the third quarter of 2017 ending Sept. 30 compared to net income of $16.3 million for the same quarter of 2016. Guelph, Ont.-based The Co-operators released