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As provincial economies re-open, insurers eye their auto claims frequencies

August 10, 2020 by David Gambrill

As if it weren’t enough with all of the recent news reports about natural catastrophe losses in Alberta, and claims against insurers for business interruption losses due to the COVID-19 pandemic, there is another, more familiar risk looming on the…

News ClaimsInsuranceRestoration

Community mourns Manitoba teens killed by tornado

August 10, 2020 by The Canadian Press

MELITA, Man. – The mayor of a small southwestern Manitoba town says everyone in the community is devastated after a tornado killed two well-liked teens. Bill Holden says residents in Melita are feeling profound grief since Shayna Barnesky and Carter…

News Earnings / RatingsInsuranceMarkets / CoveragesRisk

Aviva Canada’s approach to navigating the economic recession

August 7, 2020 by David Gambrill

Whether or not an economic recovery in Canada is just around the corner — speculation of which is fuelled by the developments in researching a COVID-19 vaccine — Aviva Canada is committed to sticking to its three-year financial targets established…

News Insurance

How job-protected leaves could affect your brokerage’s re-opening plans

August 7, 2020 by Adam Malik

Brokerage principals shouldn’t be rigid when it comes to dealing with employees who are skeptical about returning to the office and decide to extend or take a leave, an employment lawyer advised. A key observation management needs to make about…

News Commercial LinesInsuranceMarkets / Coverages

Financially, which of your clients are hurting the most?

August 7, 2020 by David Gambrill

Canadian construction and real estate development companies appear to be hurting the most during the pandemic, according to bankruptcy records kept by the federal government. Twenty-seven Canadian companies have been granted creditor protection since the novel coronavirus was declared a…

News Insurance

Wildfire risk is elevated this year. Why the pandemic made it worse

August 7, 2020 by Adam Malik

The central and Pacific coast of British Columbia could see an increased risk of wildfires this year, a new report predicts. And COVID-19 restrictions could make the risk higher, Allianz Global Corporate & Specialty warned in its 2020 Wildfire Report,…

News Insurance

Crane collapses in downtown Toronto again, no serious injuries reported

August 7, 2020 by Adam Malik

TORONTO – The mayor of Toronto is calling for a speedy investigation into the cause of a crane collapse in the city’s downtown — the second such incident in less than a month. Toronto Mayor John Tory says that while…

News Insurance

Opinion: It’s on us as brokers to explain BI to clients

August 6, 2020 by Nick Novinger, Regional Manager (Quebec), Canadian Insurance Brokers Inc.

Business interruption has become a touchy and even confusing topic for some of our clients, but it’s on us as brokers to ensure they properly understand the scope of its coverage. Business interruption will continue to be an important coverage…

News Insurance

How COVID has changed Intact’s digital journey

August 6, 2020 by Greg Meckbach

The COVID-19 pandemic has changed the way Intact Financial Corp. offers digital services and some of these changes could be permanent. Since several provinces imposed lockdown measures in March after the World Health Organization declared COVID-19 a pandemic, Intact has…

News ClaimsEarnings / RatingsInsurance

COVID’s impact on Aviva’s first-half results

August 6, 2020 by David Gambrill

Aviva Canada overcame high claims costs related to pandemic losses and severe-weather catastrophe events in Alberta to trim its combined operating ratio (COR) down from 98.1% in the first half of 2019 to 95.5% during the first half of this…

News Insurance

Provinces not moving fast enough to assess, mitigate flood risk: report

August 6, 2020 by Mia Rabson, The Canadian Press

OTTAWA — A new report says provincial governments are not moving fast enough to protect homes and other buildings from the ravages of flooding. The report from the Intact Centre on Climate Adaptation at the University of Waterloo says on…

News AnnouncementsAppointmentsBrokersInsuranceReinsurance

Guy Carpenter names new head of Canadian operations

August 5, 2020 by David Gambrill

Peter Askew has been named president and CEO of the Canadian business of global reinsurance specialist Guy Carpenter & Company LLC, a business of Marsh & McLennan Companies. Effective immediately, Askew will be responsible for Guy Carpenter’s reinsurance broking activities…