Independent contractors play an essential role across industries like trucking, shipping and delivery. However, navigating the complexities of worker classification and ensuring the right insurance coverage can be challenging.

In a recent article by Supply & Demand Chain Executive, Andrew Deutsch from our Accident & Health team breaks down the intricacies of classification laws and highlights the benefits of occupational accident insurance for independent contractors.

Music videos are a captivating part of pop culture, but behind the scenes, there’s a lot of risk management involved. Chuck Redington, Director of Risk Control, spoke with Insurance Business America about managing risks during music video production—from securing location permits to protecting artists and crews on set.

TORONTO, July 30, 2024 /CNW/ - (TSX: IFC) 

Highlights

• Operating DPW^1,2 growth of 6%, largely organic and led by continued momentum in personal lines
• Combined ratio¹ of 87.1% reflected a solid underlying performance across all geographies and limited catastrophe activity
• Net operating income per share¹ increased to $4.86 (and EPS of $4.04) driven by very strong underwriting results, as well as solid growth in investment and distribution income
• Operating ROE¹ increased by 4 points year-over-year to 17.0%, while a 13.7% ROE¹ fuelled a BVPS¹ growth of 15% over the same period
• Strong balance sheet with $2.9 billion of total capital margin¹ from solid earnings and adjusted debt-to-total capital ratio¹ down to 19.8%

PLYMOUTH, Minn., July 17, 2024 /PRNewswire/ -- Intact Insurance Specialty Solutions is pleased to announce two leadership changes. Kirk Garrett has been named President of Striior Insurance Solutions and Tony Falcone has been promoted to President of Intact's Inland Marine business.

We are pleased to share a recent article by Intact Insurance’s Nelson Kefauver, CFA and Kilauren McShea in The D&O Diary, titled “Key Factors General Counsel Should Weigh Before Choosing Employed Lawyers’ Coverage”. They address crucial considerations such as coverage options, policy limits, and the importance of insurer reputation. Their insights are a must-read for general counsels seeking the right insurance. 

Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation's (TSX: IFC) U.S. insurance company subsidiaries, announced today that Erik Janssens has been hired as Senior Vice President of West Coast Commercial Surety. In this role, Erik will be responsible for underwriting, strategy, and the profitable growth of Intact's West Coast commercial surety business.

The Atlantic hurricane season, spanning from June to November, brings heightened risks for boat owners. Preparing in advance is crucial to protect your boat from the severe weather conditions hurricanes can bring. Following a comprehensive checklist can help boat owners safeguard their vessels and valuables during hurricane season.

Click the link to read complete article by National Marine Underwriters.

We are pleased to share a new podcast episode from the St Christopher Truckers Relief Fund (SCF), featuring Andrew Deutsch from our Accident & Health team. Tune in as he discusses Occupational Accident Insurance – coverages, benefits, and more!

PLYMOUTH, Minn., June 18, 2024 /PRNewswire/ -- Intact Insurance Specialty Solutions recently awarded sixteen $3,000 college scholarships: eight to the children and/or grandchildren of Intact employees, and eight to children and/or grandchildren of the company's distribution partners. Recipients were selected based on criteria such as academic performance, leadership roles and participation in school and community activities.

Mike Miller, Intact’s CEO of Global Specialty Lines, recently sat down with Insurance Insider US to talk about Intact’s specialty business, growth opportunities, and his views on the E&S market.