Industry
The number of people employed by property and casualty insurers in Canada has dropped slightly over the past 10 years but increased from 2016 to 2017, a study released Tuesday says. The total number of people working for P&C carriers in Canada was 112,466 last year. This was up 11.5% from 100,847 in 2016 but […]
By Greg Meckbach | December 4, 2018
2 min read
Claims
A $300 million professional liability insurance claim from a bank could be the subject of a court trial in Ontario. The Supreme Court of Canada announced last week it will not hear an appeal of Toronto-Dominion Bank, N.A. v. Lloyd’s Underwriter, released Dec. 21, 2017 by the Court of Appeal for Ontario. It started with […]
By Greg Meckbach | December 3, 2018
3 min read
Commercial
REGINA – The Saskatchewan government is introducing mandatory training for semi-truck drivers almost eight months after the Humboldt Broncos bus crash. Starting in March, drivers seeking a Class 1 commercial license will be required to undergo at least 121.5 hours of training. Joe Hargrave, minister for Saskatchewan Government Insurance, said the crash – that killed […]
Alister Campbell, a 30-year industry veteran, has been appointed president and CEO of the Property and Casualty Insurance Compensation Corporation (PACICC), effective Feb. 4, 2019. Campbell’s appointment marks the retirement date of PACICC’s long-time president and CEO, Paul Kovacs, who will continue to serve as executive director of the Institute for Catastrophic Loss Reduction (ICLR). […]
By Jason Contant | December 3, 2018
When it comes to workplace diversity, Canada’s property and casualty insurance industry could use a bit of a boost. Statistically, the industry is lagging behind other Canadian workplaces when it comes to diversity. What would it take to bring more international recruits into its ranks? Not as much as you might think. Canadian Underwriter recently […]
December 1, 2018
9 min read
Risk
Recent backlashes against Statistics Canada and Facebook have prompted Ontario lawmakers to make it harder to share consumer banking information. “Financial data is especially vulnerable to hacking,” Stephen Crawford, Ontario MPP for Oakville, said Thursday at Queen’s Park in Toronto. “In the past 10 years, the number of attacks has increased greatly, including a data […]
By Greg Meckbach | November 30, 2018
BETHESDA, Md. – A security breach at one of North America’s largest hotel groups, which includes the Sheraton, Westin, Starwood and Marriott brands, has exposed the personal information of as many as 500 million guests. Marriott International, Inc. said Friday that credit card numbers and expiration dates of some guests may have been taken but […]
4 min read
Park Georgia Insurance Agencies, a full-service brokerage in B.C., has been fined $20,000 for allowing 36 of its Level 1 general insurance agents to sell insurance outside of the brokerage on a full-commission basis and without supervision, contrary to the rules for entry-level brokers. The nominee of the brokerage, Churk Yin Winnie Lo, was fined […]
By David Gambrill | November 29, 2018
A bitter cost dispute between two auto insurers over an abandoned court action has led to a rebuke from a judge, who ordered Wawanesa to pay Dominion its legal fees. In doing so, Ontario Superior Court Justice Darla A. Wilson slashed Dominion’s fees, which were calculated at 107.6 hours’ worth of work for a lawyer […]
CALGARY – The FBI says it has charged two men in Iran as part of an investigation into cyberattacks that targeted the University of Calgary and computer networks in the United States. The university paid a ransom of $20,000 after the 2016 attack to preserve an option to restore critical research data. The FBI says […]
By The Canadian Press | November 29, 2018
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