The 2023 hurricane season is shaping up to be near normal as the current ocean temperatures (which fuel hurricane activity) and the El Niño patterns (which hinder it), are converging to neutralize one another, industry outlooks suggest.  For the P&C… The post Hurricane season has started. What can the industry expect? appeared first on Canadian Underwriter ..read more

Two large wildfires burning in Halifax and Shelburne counties in Nova Scotia remain out of control, even as fire and additional living expenses (ALE) claims start to trickle in for insurers and adjusters. Some adjusters aren’t able to access the… The post What it’s like on the scene of the Nova Scotia wildfires appeared first on Canadian Underwriter ..read more

Canada’s property and casualty insurance industry already scores well in many of the things industry employees say they want from their employers, as suggested in the latest results of the Insurance Institute of Canada’s 2022-23 demographics research report. And therefore,… The post Institute report shows P&C industry ‘hiding its light under a bushel’ appeared first on Canadian Underwriter ..read more

OTTAWA – The federal government says certain defence contracts will be subject to a mandatory cybersecurity certification process starting in the winter of 2024.   Defence Minister Anita Anand made the announcement Wednesday morning at the Canadian Association of Defence and… The post Feds developing cybersecurity process for defence contractors   appeared first on Canadian Underwriter ..read more

TORONTO, ON, JUNE 1, 2023/insPRESS/ – The Insurance Brokers Association of Ontario (IBAO) welcomes Suzanne Pountney as its 2023 President. She was officially inducted during the association’s AGM & Virtual Spring Summit April 18th. Suzanne is the Commercial Lines Manager… The post IBAO Announces 2023 President appeared first on Canadian Underwriter ..read more

With increased strain on the Canadian healthcare system and the rise in demand for virtual healthcare post-pandemic, more group benefits insurers than ever are recognizing the value of digital health ecosystems. “Today, group benefits insurers are rethinking traditional business models… The post <span id="paidTag" >Paid</span> How digital health ecosystems promise a new era for group benefits insurers appeared first on Canadian Underwriter ..read more

TORONTO, ON, JUNE 1, 2023/insPRESS/ – Purves Redmond Limited (PRL) announced today that Peter Redmond will be transitioning to Executive Chair and that it has appointed Richard Doherty as President and Chief Executive Officer, effective June 1, 2023. Peter Redmond… The post PRL’s Richard Doherty Appointed as CEO as Peter Redmond Transitions to Executive Chair appeared first on Canadian Underwriter ..read more

D&O lawsuits claiming boards of directors breached their climate-related fiduciary responsibilities would likely not succeed in a Canadian court if the facts are similar to those in a recent U.K. court case, lawyers suggested in a Mondaq article Wednesday. Non-profit… The post Why Canadian D&O insurers can breathe a sigh of relief appeared first on Canadian Underwriter ..read more

OTTAWA – The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the Bank of Canada will raise interest rates again. Statistics Canada reported Wednesday real… The post Will the Bank of Canada raise interest rates again? appeared first on Canadian Underwriter ..read more

OAKVILLE, ON, MAY 31, 2023/insPRESS/ – ServiceMaster Recovery Management, a provider of global commercial restoration services, today announced they are expanding their facilities to Canada with the addition of seven new locations strategically located to service the entire country. This brings… The post ServiceMaster Recovery Management Announces Expansion of Locations in Canada as it Seeks to Boost Geographic Reach appeared first on Canadian Underwriter ..read more