Canadian Underwriter

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News Insurance

Voices of P&C Women

March 8, 2024 by David Gambrill

Happy International Women’s Day, 2024! For the past three years, Canadian Underwriter has been producing this tribute to the perspectives of women in the Canadian property and casualty industry — which, by the way, is made up of 66% women,

Child waving Quebec flags
News InsuranceLegalMarkets / Coverages

Staying on the right side of Quebec’s language law, Bill 96

March 7, 2024 David Gambrill

Canada’s property and casualty insurance industry is advised to establish a policy and train employees to comply with Bill 96, Quebec’s French language law, which calls for all policy contracts with clients in the province to be done in French

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

insPRESS Insurance

30 Forensic Engineering Appoints Dana Bjornson, P.Eng., M.Arch. as Practice Lead – Building Envelope Engineering Group

March 7, 2024 30 Forensic Engineering

CALGARY, AB, MARCH 7, 2024/insPRESS/ – 30 Forensic Engineering, Canada’s leading multidisciplinary forensics firm, is pleased to announce the senior appointment of Dana Bjornson, P.Eng., M.Arch. as Practice Lead of our Building Envelope Engineering group. Dana joins the 30 Forensic

Concept of home insurance price increases
News CatastrophesClaimsClaims CanadaClimate ChangeInsuranceMarkets / Coverages

How home insurance premiums are trending

March 6, 2024 by Jason Contant

Canadian home insurance policyholders should brace for price increases this year following a nearly 8% year-over-year increase since the beginning of the year, according to internal data from rate comparison site My Choice Financial. Canada’s home insurance landscape is poised for

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

A person's hand breaking the window of a vehicle for the purpose of auto theft
News ClaimsInsurance

How auto theft, inflation and vehicle complexity boost claims costs

March 6, 2024 Philip Porado

Late last year, Toronto’s police department wrapped an auto theft intervention, codenamed Project Stallion, that recovered 1,080 vehicles stolen citywide with a combined value of $59 million. That works out to just shy of $55,000 per vehicle. Auto theft is

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 …

Car insurance application
News BrokersInsuranceMarkets / CoveragesTechnology

FSRA’s plans for auto coverage regulation

March 5, 2024 Philip Porado

Ontario’s auto insurers shouldn’t expect changes to the ‘take all comers’ or Unfair or Deceptive Practices Act rules, Michelle Dodokin, head of auto insurance supervision at Ontario’s Financial Services Regulatory Authority (FSRA), told a breakout session at Monday’s 2024 FSRA

Quebecers will soon be able to opt for an 'X' gender marker.
News ClaimsClaims CanadaInsuranceLegislation / RegulationMarkets / Coverages

Quebec to offer ‘X’ gender option for health cards, driver’s licences

March 5, 2024 Morgan Lowrie – The Canadian Press

Quebecers who do not identify as male or female will soon be able to opt for an ‘X’ gender marker on their health cards and driver’s licences. Both Quebec’s automobile insurance board and its public health insurance board confirmed Monday