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News AdjustersClaimsInsurance

What’s keeping claims pros up at night?

October 16, 2019 by Adam Malik

Talent shortage and keeping pace with change are two of the top issues facing claims professionals over the next three to five years, but that’s just the start of their concerns. Meeting policyholders’ service level expectations and the volatility of…

News Climate ChangeInsurance

Another insurer to withdraw coverage from oil sands

October 16, 2019 by Greg Meckbach

Starting next year, Axis Capital Holdings Ltd. will stop writing new insurance and facultative reinsurance for oil sands extraction and pipeline projects. Pembroke, Bermuda-based Axis writes commercial specialty and reinsurance. Its new thermal coal and oil sands underwriting and investment…

News ClaimsInsuranceLegal

Another province joins class action lawsuit against opioid manufacturers, distributors

October 16, 2019 by Bill Graveland - THE CANADIAN PRESS

CALGARY – The Alberta government is joining a class-action lawsuit to recoup health-care costs related to the opioid crisis, the province’s health minister said Tuesday. Tyler Shandro said there were almost 800 fatal overdoses and 4,200 emergency calls related to…

News Insurance

Paid Climate Change: It’s Risky Business

October 16, 2019 by Trisura

As we all know, climate change is one of the most prominent topics in the news – so much so that it is being touted as a major deciding factor for Canadian politicians in the upcoming federal election. But, what…

News AdjustersClaimsInsurance

Want to attract young talent? Here are some tips

October 15, 2019 by Adam Malik

The old saying “It’s what’s on the inside that counts” is something insurance leaders need to take to heart when trying to get young people interested in their company, experts told a recent conference. Plastering your company name on the…

News AssociationsInsuranceMarkets / Coverages

New auto insurance policy launched for borrowed vehicles

October 15, 2019 by Jason Contant

Quebec’s financial regulator and an auto insurance group have announced the launch of a new auto policy designed for drivers who don’t own a vehicle. Regulator Autorité des marchés financiers (AMF) and Groupement des assureurs automobiles (GAA) said Monday the…

News Climate ChangeInsuranceReinsurance

Large reinsurer to stop writing oil sands business: Memo

October 15, 2019 by Greg Meckbach

Concerns about climate change from human-produced greenhouse gas emissions may have prompted the world’s largest property and casualty reinsurer to stop writing some business for oil sands sites, according to an unverified document obtained by Canadian Underwriter. Facultative reinsurance covers…

News AnnouncementsCommercial LinesInsuranceMergers and AqcuisitionsTechnology

Applied Systems acquires Policy Works

October 15, 2019 by Jason Contant

Applied Systems announced Tuesday it has acquired Policy Works, a major platform for commercial lines business in Canada. The acquisition will extend Applied’s position within the commercial lines market segment, driving greater connectivity and automation for commercial lines brokerages and…

News ClaimsInsurance

Unprecedented snowstorm leads to state of emergency in Manitoba

October 15, 2019 by Steve Lambert - THE CANADIAN PRESS

WINNIPEG – Nearly 21,000 Manitoba homes and businesses remained without power early Monday in the wake of a snowstorm that the province’s Crown energy utility said had left an unprecedented amount of damage to transmission lines, towers and more, and…

News Claims CanadaInsuranceLegal

How much does auto insurer owe an injured claimant who cannot go to school?

October 11, 2019 by Greg Meckbach

Saskatchewan’s government-run auto insurer has won a victory of sorts before the Supreme Court of Canada arising from a disputed accident benefits claim, although the carrier lost its key argument. Canada’s top court announced Thursday it will not hear an…

News Climate ChangeInsuranceMarkets / Coverages

Canadians confused about flood risk, study finds

October 11, 2019 by Adam Malik

Canadians are seemingly drowning in confusion when it comes to flood risk, according to a recent survey of 1,700 Canadians. The survey on flood risk, commissioned by RSA Canada and World Wildlife Fund Canada (WWF-Canada), produced some seemingly self-contradictory findings.…

News BrokersInsuranceLegislation / Regulation

$6,000 fine over how brokerage held itself out to the public

October 11, 2019 by David Gambrill

A brokerage in Manitoba has been fined $6,000 after a complaint to the regulator that representatives of the brokerage’s sub-agency were holding themselves out to the public under a trade name for which they were not licensed to do business.…