Segment
Risk Management
Why the basics count in construction loss prevention
August 9, 2022 Philip PoradoInflated materials costs, and a need for brokers and insurers to see to it that valuations for commercial structures closely track replacement costs, are frequently mentioned in conversations about risks for the building sector these days. But site safety is…
Inflation creates opportunities for brokers to revisit risks with clients
August 8, 2022 Philip PoradoRecent inflation trends notwithstanding, data from the past few quarters indicate premiums are stabilizing as the P&C industry eases out of the hard market, said Celyeste Power, executive vice president, strategic initiatives and advocacy at the Insurance Bureau of Canada…
Former Supreme Court judge to head Hockey Canada review
August 8, 2022 The Canadian PressFormer Supreme Court of Canada judge Thomas Cromwell will lead an independent review of Hockey Canada’s governance amid calls for a change of leadership of the governing body for its handling of recent allegations of sexual assault against players. Hockey…
How will this year’s hurricane season play out?
August 5, 2022 by Jason ContantHurricane researchers have slightly reduced their forecast totals for this year’s hurricane season, but still anticipate above-normal activity for the seventh consecutive season. The National Oceanic and Atmospheric Administration (NOAA) in the United States trimmed their Atlantic hurricane predictions to…
2021 Cat frequency ties 2008 for second place
August 3, 2022 Glenn McGillivraySevere weather cost Canadian insurers $2.25 billion in 2021, placing the year in the Top 5 for losses according to Catastrophe Indices and Quantification Inc. (CatIQ). Last year, 14 events with $25 million in claims or higher were declared nationwide,…
Where Canada’s P&C insurance professionals are at with COVID
August 2, 2022 by David GambrillWhen deciding whether to attend industry events in-person, just over half of Canada’s risk professionals are casting a wary eye on COVID-19, while about one in three are ready to move on, according to responses received in a Canadian Underwriter…
How risk pros feel about attending in-person events in the COVID era
July 29, 2022 by David GambrillInsurance is a relationships-based industry, but Canada’s risk professionals appear conflicted about attending in-person industry events again, even after most public health restrictions have been dropped in most provinces, a Canadian Underwriter online survey suggests. On one hand, 69% out…
More B.C. heat records fall, conditions prompt flood watch
July 28, 2022 by Jason ContantVANCOUVER – Temperature records are melting across British Columbia as a prolonged heat spell grips the province but Emergency Management BC says it is not anticipating an extreme heat emergency. A statement from the agency says residents should monitor temperature…
The new cyber threat: phoning a call centre
July 28, 2022 by Jason ContantOne cyber insurance specialist is warning brokers and clients of a ransomware attack method that subverts common cybersecurity controls by tricking victims into phoning a call centre – rather than clicking a link – and instructing them to download malicious…
Hockey Canada has paid $7.6M in sex abuse settlements since 1989
July 27, 2022 The Canadian PressOTTAWA – Hockey Canada says it has paid out $7.6 million in nine settlements related to sexual assault and sexual abuse claims since 1989, with $6.8 million of that related to serial abuser Graham James. The hockey governing body has…
What Navacord’s 15th deal of the year brought into the fold
July 26, 2022 by Jason ContantNavacord Corp. has completed its 15th M&A deal of the year, this one involving a large commercial brokerage known for its risk management expertise with automotive dealerships. Navacord’s latest partnership is with Ottawa-based Binks Insurance Brokers Limited. Founded in 1918,…
Fast and furious: Which of your clients are more likely to road rage?
July 26, 2022 by Alyssa DiSabatinoMen and young people aged 18-34 are more likely than women and those aged 55+ to engage in road rage behaviours, finds a recent Ratesdotca survey. Although men and women claim to engage in road rage equally (51% respectively), men…