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Paid Northern Exposure: even in hard times, the Canada insurance market is heating up

June 3, 2021 Renato Rodrigues

For the global insurance industry, Canada offers a unique opportunity from a legal, regulatory, and economic perspective. AXA XL’s newest Country Manager for Canada talks about how the market is becoming a favourable frontier for growth and innovation.   Climate,

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Ontario court rules deadly shootdown of Flight 752 in Iran was act of terrorism

May 21, 2021 Paola Loriggio - THE CANADIAN PRESS

TORONTO – An Ontario court has ruled that the Iranian military’s downing of a passenger jet early last year was an intentional act of terrorism, paving the way for relatives of those killed to seek compensation from the country. In

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Pollution coverage gaps your clients may not know about

May 21, 2021 by Greg Meckbach

The cost of cleaning up after spills of petroleum, oil, or other contaminants may not be covered under your client’s liability or property policy, a managing general agent warns. Many clients are exposed to pollution risk but are not necessarily

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Study finds abandoned oil and gas wells place unfair burden on landowners, taxpayers

May 20, 2021 The Canadian Press

CALGARY – The costs of Alberta’s growing stock of abandoned and inactive oil and gas wells are falling unfairly on landowners and taxpayers, says a report from the University of Calgary. “Landowners have been left behind,” said Braeden Larson of

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Manufacturers increasingly targets for ransomware attacks, study finds

May 19, 2021 The Canadian Press

TORONTO – A new report says North American manufacturing companies are increasingly targets for cybercriminal gangs that use malicious software to shut down businesses if they don’t pay a ransom. Research from Toronto-based eSentire says that six known criminal gangs

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Coverage that you should be discussing with your commercial clients

May 17, 2021 by Adam Malik

Brokers exploring new ways to protect their commercial clients should be making “malicious attack” coverage part of the conversation, a risk expert advises. But it can be a tricky conversation for brokers to have. Clients may think they can’t afford

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Montreal library closes after hacking attack on daycare registration website

May 17, 2021 The Canadian Press

MONTREAL – A large library in Montreal will be closed until Tuesday morning in the wake of a hacking attack on Quebec’s public daycare registration website. Quebec’s Treasury Board Secretariat issued a recommendation on Friday evening urging all government bodies

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Cybersecurity experts say Canadian businesses can learn from U.S. pipeline attack

May 13, 2021 David Paddon - THE CANADIAN PRESS

TORONTO – Canada’s two largest pipeline companies say they have taken a proactive approach to avoid the type of cyberattack that has disrupted gasoline supplies in the U.S. Southeast and contributed to higher retail gasoline prices across North America. Hackers

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Paid The value of risks assessments

May 11, 2021 Sovereign Insurance

Every business leader knows they should expect the unexpected, especially in today’s unpredictable world. However, when it comes to risk exposures no business should be caught by surprise. To be truly prepared, organizations should evaluate and reevaluate potential threats to

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The Number 1 challenge facing Canada’s broker channel

May 11, 2021 by David Gambrill

Out of all the challenges facing the broker channel right now, the hard market is the biggest one of them of all, according Canadian Underwriter‘s 2021 National Broker Survey. Seventy-four per cent of Canadian P&C insurance brokers who responded to

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Broker strategies for making it through the hard market

May 11, 2021 by David Gambrill

Brokers are currently caught between a pandemic and a hard market, with several insurers predicting that Canada’s hard market cycle in property and casualty insurance will last at least one or two more years beyond the end of the pandemic.

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In the hard market, are you selling on price or coverage?

May 11, 2021 by David Gambrill

Price point and carrier capacity have become increasingly important factors for brokers in recommending insurance coverage to their clients over the past year, according to Canadian Underwriter’s 2021 National Broker Survey. Canadian Underwriter asked 234 Canadian P&C insurance brokers across