Its members, which make up 90% of Canada's property and casualty insurance market, would lower auto insurance premiums for consumers whose driving habits have reduced "significantly", the association said in a statement. Focus on the roadMar 1, 2021 Economical Insurance Implements CSIO’s My Proof of Insurance for Digital Document DeliveryFeb 17, 2021 So you’ve been charged with impaired driving – Here’s what to expectFeb 3, 2021 SGI Reports Fewer Road Fatalities in 2020Jan 27, 2021 Safer driving behaviours are hard... Read more » Latest Industry News at Insurance-Canada.ca. Or visit the Chronicle archive for a weekly digest of releases. Canada is becoming a riskier place to insure, added Craig Stewart of the Insurance Board of Canada, the industry's national association. The team will be an addition to Dentons’ existing practice in Canada and elsewhere around the globe. Breaking insurance industry news in Canada. There are very clear and compelling reasons why life insurance may be a better option than mortgage insurance. Wawanesa selects Guidewire Cloud … 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005. The latest announcements are collected below. Jennifer Power promoted to Vice President of Pembridge Insurance Company and Pafco Insurance Company In times of financial hardship, such as the economic downturn caused by the COVID-19 pandemic, instances of fraud tend to rise. Wawanesa has been recognized as a Best Employer in North America as part of Kincentric’s Best Employers global certification. Events and Announcements. Insurance News Centre | Canada. All Economical intellectual property, including but not limited to Economical® and related trademarks, names and logos are the property of Economical Mutual Insurance Company and/or its subsidiaries and/or affiliates and are registered and/or used in Canada. Insurance Institute of Ontario – Escape Room Challenge #2 On-Line 5pm-6pm (EST) Mar 31 2021 IBAO Webinar: BMS Change Decision Process 1 Eglinton Ave E, Suite 700, Toronto ON M4P 3A1 9 Mar 2021. Allstate Insurance is also facing a $160-million claim launched by home and auto insurance salesperson Sung Taek Lee in Toronto. In this case, the insurer alleged that a tenant that was an “outlaw motorcycle gang,” which is “a subsidiary of, or an affiliated gang with the notorious Hells Angels Motorcycle Club” posed a greater risk to the building. Navacord continues its strategic benefits expansion with addition of Penmore Benefits Inc. Slice Launches Automated Claims Settlement, Coalition Announces New $0 Retention for Canadian Customers Using Coalition Incident Response Services During a Claim, Madison Advisors Market Update on CCM Hosted Managed Services, CMB Insurance Brokers and Mango Insurance join forces for tech-driven client solutions, On Side Restoration Expands into Manitoba with Acquisition of 204 Restoration Services, More Risks, On More Fronts, for Financial Institutions Over The Next Two Years, Protect your place of worship, advises Ecclesiastical Insurance, Apollo welcomes Christopher Aloussis as Broker Success Manager, Applied Releases Premium Rate Index Findings for Year-End and Q4 2020, Apollo adds Private Company D&O product to the Exchange, So you’ve been charged with impaired driving – Here’s what to expect, Wawanesa Selects Guidewire Cloud for Digital Business Growth, Reinsurers Prioritizing Data and Analytics Investments to Counter Emerging Risks, Hub International Acquires Galon Insurance Brokers, Willis Towers Watson Quarterly InsurTech Briefing Q4 2020, Eddy Teams up with AXA XL Construction Insurance, Guidewire PartnerConnect Solution Alliance Ecosystem Celebrates 100 Partner Milestone, CCIR Releases Connected and Automated Vehicles Issues Paper, Mutual Insurance Company Limited Launches ISI Enterprise, Koïos Intelligence launches Olivo robo-advisor, Industry giant Allianz Partners joins forces with Blink as it pioneers post-pandemic travel insurance transformation, Tractable and Mitchell to offer combined solution for AI vehicle repair estimating, Commonwell Mutual, Red River Mutual partner to launch agriculture insurance start-up, BobTrak partners with Lakehead on new Distributors module, Travelers Canada Introduces IntelliDrive®, SGI Reports Fewer Road Fatalities in 2020, Augmented Reality May Hold Promise for Insurers: Novarica, Canadian InsurTech Foxquilt Announces Partnership with Digital Partners, a Munich Re company, State Farm & USAA solve subrogation challenge with blockchain solution, Apollo Welcomes Bryan Kinney As Vice President of Product Development, Climate-influenced weather driving global natural disaster damage, The Co-operators provides 24/7 virtual healthcare to its group benefits clients across Canada, Sindy Houle joins FRISS as Head of Sales in Canada, These are the world’s greatest threats in 2021, FloodFlash pays out storm damage claims the same day, Player’s Health Announces Closure of Series B Financing Round, Alert Labs Commercial Leak and Flood Solutions to be offered by Chubb Fire & Security, Centre for Study of Insurance Operations (CSIO). A small group of institutions from the banking and insurance sectors will participate voluntarily in the project: Intact Financial, Manulife, Royal Bank of Canada, Sun Life Financial, TD Bank Group, and The Co-operators Group Limited. Canada: Comparing Life And Mortgage Insurance . Most importantly, title insurance policies exclude coverage for losses stemming from risks that are created, allowed, or agreed to by you and risks known to you on the policy date. Find press coverage, company news and media information for Intact Insurance, Canada's largest home, auto and business insurance company. Posted: Apr 11, 2019 4:45 PM ET | Last Updated: April 11, 2019. ... Insurance Business Canada; Waypoint Insurance expands operations with addition of GNK Insurance Services Inc. Apollo welcomes David Blanchard as Vice President of Compliance and Underwriting Operations, Pull your head out of your apps! The deadline to submit is Wednesday, March 10.Get started now or learn more about the ICTAs. "Insurers understand that many drivers are no longer commuting or using their vehicle as regularly, which could result in savings," said IBC Chief Executive Officer Don Forgeron. "Insurance prices … Insurance Journal delivers the latest business news for the Property & Casualty insurance industry Who are the insurance industry's up-and-coming talents? Latest news on financial services and insurance resources on CNBC.com. Estimating risk is one way an insurance company assesses how much financial exposure it faces in offering to insure a premise or person. Former Chubb country president starts in September as Amanda Whiting handed New Zealand CEO … Featured News Vigilance is key in fighting insurance fraud. Absolute Liability: ... Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email. It is specifically designed for high-risk individuals. According to an estimate by the Insurance Bureau of Canada, approximately 39 per cent of homeowners had access in 2019 to overland flood insurance. Some Alberta drivers are facing an increase in car insurance premiums next year. Canada's trusted source for the biggest Canadian news, including live breaking news, local, politics, and more. Liberty Mutual Canada is the registered business name under which the Canadian branch of the Liberty Mutual Insurance Company operates in Canada. Business Insurance serves business executives who are responsible for the purchase and administration of corporate insurance/self-insurance programs. The Insurance Bureau of Canada, an association that represents the industry, says the team will start its work by focusing on helping the hard-hit hospitality sector in Ontario. Read Employment Insurance – Recent improvements and overview to find out what we have done recently to make EI more flexible, inclusive and easier to access. The incident was in February and communications are still down Ridge Canada expands Specialist Team to Western Canada, Cansure demonstrates leadership in realty sector. Employment Insurance videos and latest news articles; GlobalNews.ca your source for the latest news on Employment Insurance . Canada Insurance News Service from EIN News. Those without access to traditionally underwritten insurance products can apply for guaranteed issue life insurance. To print this article, all you need is to be registered or login on Mondaq.com. Register For News … The Bank of Canada and OSFI plan to publish a … Pull your head out of your apps! Download Gallagher’s Spring/Summer Canadian Insurance Market Update to learn about key risk management trends in the marketplace and includes rate change data from our clients across Canada. Download Gallagher’s Spring/Summer Canadian Insurance Market Update to learn about key risk management trends in the marketplace and includes rate change data from our clients across Canada. It is a legal arrangement that guarantees support in the event of a covered accident or incident. Allstate Insurance Company of Canada, together with Pembridge Insurance Company and Pafco Insurance Company (ACG), is announcing a second “Stay at Home Payment” to customers as they continue to drive less and get in fewer accidents. The country's general insurance market has also drawn interest from leading digital platforms like Kakao and Naver, Jarrod Hill to join IAG amid management reshuffle. Present in 54 countries, AXA's 153,000 employees and distributors are committed to serving our 105 million clients. Insurance Bureau of Canada is the national industry association representing Canada's private home, auto and business insurers. 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005. Mar 5, 2010. A Hamilton, Ont., mother says she lost thousands of dollars and the right to drive her car after a “ghost broker” sold her bogus auto insurance. The deadline to submit is Wednesday, March 10.Get started now or learn more about the ICTAs. Insurance News Centre | Canada. Insurance Business Magazine is the leading business magazine for today’s sophisticated commercial Insurance Broker! Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance … As of Jan. 1, 2020, The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company became one company – The Canada Life Assurance Company. Business strategy How to get comfortable being uncomfortable – it's the new norm at work Mosaic Insurance makes entry into war and terrorism insurance market, Appeal court rules in insurers' favour on long-running legal dispute, TruShield Insurance becomes the official small business insurance partner for Toronto Raptors, Tokio Marine on the defensive amid Greensill Capital collapse, Insurance distribution deal activity reaches "unimaginable highs", NFP launches personal cybersecurity coverage offering, Why strong leaders adopt a gift mindset during uncertain times, How to get comfortable being uncomfortable – it's the new norm at work. J.D. Online News Monitoring Made Simple. Latest news on financial services and insurance resources on CNBC.com. They also typically exclude coverage for environmental matters and First Nations land claims. Lawyers Financial. The latest announcements are collected below. Insurance is a safety net to protect you and your family’s financial well-being in the case of an unexpected loss. Life Insurance Canada News. Insurance Institute of Ontario – Escape Room Challenge #2 On-Line 5pm-6pm (EST) Mar 31 2021 IBAO Webinar: BMS Change Decision Process 1 Eglinton Ave E, … Canadian Insurance Market Update. Sign up for their free insurance news updates by email or mobile! The Financial Conduct Authority has ordered insurance companies to pay out claims to firms "as soon as possible" or explain themselves to the watchdog. Leader will help ensure the successful separation of two businesses, It consults on first iteration of CDR under Blueprint Two, Group chief executive on "excellent results", IBC head explains how brokers can help protect their clients, IBC is searching for the impressive young men and women who are making a significant impact, Decision "reinforces the separation of banking and insurance," says association, To mark the occasion, it's holding a contest with a big prize package, Insurance giant provides clarity on remaining exposure to fallen financial group, Local markets evolve as independent brokers sell up, It will first debut in Canada, with a US launch planned for later this year, With hybrid working environments and remote working arrangements the norm, this has shifted to way we need to lead, connect and collaborate as a leader, With hybrid and remote working in play much has changed and with it we need to ramp up our adaptability, innovation and collaboration, all key competencies in workplace success, The adoption of data-based imaging technologies can give property insurers an edge, write Upendra Belhe and Guy Attar, Ridge Canada Cyber Solutions Inc. is proud to welcome Mathew Alkerton as the newest member of the firm, With a strong start to the new year, Cansure demonstrates their commitment to supporting the realty insurance sector by delivering product innovations that support crucial market needs, The combined company will be one of the largest independent employee-owned benefit consulting firms in Canada, Lloyd's hits key milestone in shift to digital ecosystem, Generali sustains profitability despite COVID-19 impact, Canadians susceptible to three major fraud scams. These skill sets, combined with deep industry knowledge, allow us to provide a breadth of services to life, property and casualty, reinsurers and insurance broker clients. Dentons advises clients across the market including insurers, reinsurers, run-off consolidators, global brokers, as well as insurtech start-ups. Or visit the Chronicle archive for a weekly digest of releases. Established in 1995, EIN Newsdesk helps millions of users track breaking news across thousands of trusted websites.