Segment
Risk Management
Jim Abernethy Challenge: Can P&C industry top $500K for blood cancer research?
September 2, 2022 by David GambrillIn this year’s second annual Jim Abernethy Challenge, the Leukemia & Lymphoma Society of Canada hopes Canadian P&C insurance professionals can help top last year’s $500,000 contribution to blood cancer research and community support. The Jim Abernethy Challenge is part…
How the insurance industry can invest in climate sustainability
September 1, 2022 by Alyssa DiSabatinoClimate-friendly impact investments and those promoting resilience to the damaging effects of climate change are environmentally responsible ways for insurers to allocate their capital, suggests one insurance expert. Aside from charging premiums for policies, insurers turn a profit by…
Number of impaired drivers issues alarm bell for insurer
August 29, 2022 by Alyssa DiSabatinoSaskatchewan Government Insurance statistics show a record this year in impaired driving offences. The province’s law enforcement stopped 497 impaired drivers, including 292 drivers who were charged with Criminal Code offences this July, according to SGI’s Traffic Safety Spotlight. “While…
How marine & logistics insurance is evolving alongside the supply chain
August 29, 2022 Jason ContantProduct orders from giant online retailers like Amazon are now being filled and shipped from Canada – proof the logistics chain is evolving. But this also means Canadian companies storing and shipping goods under contract for these retailers need protection,…
Will insurers find opportunity in Europe’s need for Canadian LNG and hydrogen?
August 26, 2022 Philip PoradoCanadian insurers have a future opportunity to cover the infrastructure required for hydrogen energy products, commercial insurance brokers say. For example, if Europe wants its efforts to reduce dependence on Russian natural gas supplies to be successful, it will need…
Manitoba train collision in 2019 due to crew fatigue, inexperience: safety board
August 26, 2022 Brittany HobsonThe Transportation Safety Board says a 2019 train collision and derailment west of Winnipeg was the result of crew fatigue and inexperience and has made recommendations to prevent similar accidents in the future. “If Transport Canada and the railway industry…
TD Bank follows peers in preparing for economic downturn, hitting Q3 profit
August 26, 2022 Ian BickisTD Bank Group followed several of its peers in reporting a profit drop for the third quarter as banks set aside funds for a potential recession ahead, even as loans continued to grow and consumer savings rates remained elevated. The…
Fire-risk recall may give brokers opportunity to contact auto clients
August 25, 2022 Philip PoradoA recall of two late-model SUV models by Hyundai Motor America and Kia America was amplified by a consumer alert from the U.S. National Highway Traffic Safety Administration (NHTSA) in Washington. The issue involves a tow hitch, sold as a…
Canada could have its own Fyre Festival fiasco if it doesn’t amp up event regulations
August 25, 2022 Sean SpenceThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. In the spring of 2017, the public spectacle over the now…
‘It’s like Lego bricks’: Shippers and consumers feel affects of overflowing ports
August 24, 2022 Christopher Reynolds - THE CANADIAN PRESSBob Ballantyne broke a cord on his blinds in early July, and his repairman in Ottawa still hasn’t been able to replace the snapped part. “He says, ‘You know, supply chain issues. I can’t get the string that I need…
Canada is witnessing more thunderstorms than ever before
August 23, 2022 Gregory Kopp, David Sills and Julian BrimelowThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Residents in eastern Ontario are still recovering after a tornado-producing thunderstorm…
How OSFI proposes to regulate the P&C industry’s cryptocurrency risk
August 22, 2022 by David GambrillCanada’s solvency regulator is seeking comment on its proposed approach for regulating P&C insurers’ cryptocurrency risk exposure. In a proposed advisory to take effect in 2023 Q2, the Office of the Superintendent of Financial Institutions (OSFI) defines and categorizes two…