Canadian Underwriter

Topic
Commercial Lines

Person handing a stack of money toward the camera as a form of insurance salaries
News BrokersCommercial LinesEmploymentInsurance

What commercial and personal lines brokers make in 2024

March 18, 2024 by Alyssa DiSabatino

Across the country, commercial lines property and casualty insurance broker executives and commercial lines team leads and managers make more money on average than their personal lines counterparts, Impact Recruitment’s newest data shows.  The second iteration of Impact’s annual Insurance

Scenic autumn view of the rural landscape, orchards, vineyards, and wineries of Oliver located in the Okanagan Valley of British Columbia, (B.C.) Canada.
News CatastrophesClaimsClimate ChangeCommercial Lines

B.C. orchards and vineyards to get $70M to replant after disastrous weather

March 14, 2024 The Canadian Press

BRITISH COLUMBIA — Farmers in British Columbia will get an extra $70 million to replant and strengthen fruit orchards and vineyards after two years of weather-related disasters, says Premier David Eby. The commitment comes after a devastating cold snap in

Cargo airplane flying over container ship in the ocean.
News BrokersCommercial LinesInsuranceMarkets / CoveragesRisk

One emerging threat to your business clients’ supply chains

March 13, 2024 by Alyssa DiSabatino

Geopolitical conflict is wreaking havoc on your business clients’ supply chains, a new Marsh report finds.   It’s required businesses to find better ways to mitigate or transfer specific risks before they develop into something of concern, according to Marsh

Hourglass, stopwatch and clock floating in blue water
News ClaimsCommercial LinesInsuranceLegalRisk

Paid the claim? No need to re-appraise after limitation period, court says

March 12, 2024 by Alyssa DiSabatino

An insurer that has already paid a claim doesn’t have to do a follow-up appraisal after the limitation period has expired, Ontario’s Superior Court of Justice has ruled.  “An admission of liability to pay on the part of an insurer

News CatastrophesClaimsClimate ChangeCommercial Lines

‘Clean slate’ to reshape B.C. wine industry, after climate-related catastrophes

March 11, 2024 Brenna Owen - The Canadian Press

The heart of British Columbia’s wine industry is reeling after suffering a litany of climate-related hits, resulting in two years of crop losses in the southern Interior. Record-breaking heat. Wildfires and smoke that repeatedly contaminated grapes. A destructive cold snap

Secure document safety concept
News ClaimsClaims CanadaCommercial LinesEmploymentInsuranceLegalMarkets / CoveragesRiskTechnology

B.C. health authority warns of possible privacy breach after police recover documents

March 8, 2024 The Canadian Press

An RCMP investigation has revealed a possible privacy breach for thousands of employees who worked or work at a health authority in British Columbia’s Interior. Interior Health says police contacted them in January about finding a document during its investigation

Edmonton City Hall
News ClaimsClaims CanadaCommercial LinesInsuranceLegalMarkets / CoveragesRisk

Edmonton City Hall attack supports terror charges: RCMP 

March 7, 2024 The Canadian Press

Mounties say they believe an attack on Edmonton City Hall in January was politically motivated, meaning it reaches the legal threshold for terrorism charges.  Supt. Glenn Sells of the RCMP’s national security team said Tuesday that officers had seized an

Aviva Canada's 2023 financial results
News CatastrophesClaimsClaims CanadaCommercial LinesEarnings / RatingsInsuranceMarkets / Coverages

How Aviva Canada fared in 2023

March 7, 2024 by Jason Contant

Aviva Canada ended 2023 with an undiscounted combined operating ratio (COR) of 95.3% and double-digit growth in gross written premiums, despite challenging market conditions that included increased weather-related losses and heightened auto theft.  The undiscounted ratio for 2023 was up

A businessman, under supervision, looks up at a large magnifying glass that is being held by large hand above him.
News AssociationsBrokersCommercial LinesInsuranceLegislation / RegulationMarkets / CoveragesMGAsRisk

Industry responds to FSRA’s plan for insurer MGA supervision

March 7, 2024 by Alyssa DiSabatino

Potential risks stemming from P&C insurers’ managing general agent (MGA) outsourcing practices have caught the eye of Ontario’s insurance regulator, and it’s looking for feedback from stakeholders on a supervision plan.   Insurers and MGAs alike have begun to weigh

Illustration of a cashless, embedded transaction between a consumers and a businessman. Coins are transferring between the phones the hold in their hands
News BrokersCommercial LinesInsuranceMarkets / CoveragesProductsTechnology

Making embedded insurance more customer-centric

March 6, 2024 by Alyssa DiSabatino

No two insurance policies are the same, and that extends to the way carriers deliver their embedded insurance models, one expert told the Insurance Canada Technology Forum.  But before capitalizing on this latest digital sales opportunity, insurers must guarantee their

Damage after a load fell from a crane in Vancouver
News ClaimsClaims CanadaCommercial LinesConstructionInsurance

Crane accidents ‘a huge concern’ after fourth incident in Metro Vancouver

March 6, 2024 Chuck Chiang and Brenna Owen – The Canadian Press

In 30 years of working in construction, Josh Towsley says this is a first, after Metro Vancouver saw its fourth crane accident since the start of the year. “I’ve been involved in construction since I was 19 years old …

Managing Time and scheduling conflict metaphor as a deadline stress business idea with a clock with 3D illustration elements.
News ClaimsCommercial LinesInsuranceLegal

Landmark opioid case wrestles with who defends among multiple insurers

March 1, 2024 by David Gambrill

When multiple commercial insurers are on the hook consecutively for long-tail claims spanning decades, defence costs should be allocated according to the proportion of time they were on risk, the Ontario Appeal Court ruled this week. The court’s landmark decision