Canadian Underwriter

Topic
Personal Lines


News InsuranceLegislation / RegulationPersonal Lines

New Ontario financial authority should monitor auto insurers with ‘unusual number’ of LAT appeals: Marshall

April 12, 2017 by Canadian Underwriter

Neither the behaviour of personal injury lawyers nor “excess profits” of insurers are to blame for high auto premiums in Ontario, but the government should consider restricting lawyers’ contingency fees, a special advisor to the provincial government suggested in a

News InsuranceLegislation / RegulationMarkets / CoveragesPersonal Lines

Hospital-based examination centres should provide Ontario auto accident treatment plans: Marshall

April 12, 2017 by Canadian Underwriter

Ontario should not move to a government-run auto insurance system but the province should establish hospital-based examination centres with authority to establish treatment plans that would have to be provided by the insurers, without dispute, a special advisor to the

News AssociationsCatastrophesClimate ChangeCommercial LinesConstructionInsurancePersonal LinesReinsurance

Construction of mitigation infrastructure to protect against flood should be seen as nation-building projects: Australian insurers

April 12, 2017 by Canadian Underwriter

The Insurance Council of Australia (ICA) cited the Canadian government’s budget commitment to create a Disaster Mitigation and Adaptation Fund in a recommendation to its own federal government to treat the construction of mitigation infrastructure to protect flood-prone towns as

News CatastrophesInsurancePersonal Lines

PERILS discloses second property loss estimate of 234 million euros for extratropical cyclone Egon

April 12, 2017 by Canadian Underwriter

PERILS AG has disclosed its second loss estimate of 234 million euros for extratropical cyclone Egon, which affected France and Germany on Jan. 12 and 13 of this year. The cold front associated with Egon resulted in heavy rain and

News CatastrophesInsuranceMarkets / CoveragesPersonal Lines

Officials track slow Washington landslide near 2014 disaster

April 11, 2017 The Associated Press

OSO, Wash. – A slow-moving landslide near the site of a Washington state mudslide that wiped out a neighbourhood and killed 43 people in 2014 has prompted officials to close a state highway as a precaution and recommend evacuations for

News InsurancePersonal Lines

Home purchase plans down overall, Millennials most optimistic group: RBC

April 11, 2017 by Canadian Underwriter

A quarter of those taking part in a new RBC Royal Bank poll seem to be taking a “wait-and-see” approach to buying a home within the next two years, but the dip from 2016 is buoyed by Millennials more willing

News Commercial LinesEarnings / RatingsInsurancePersonal LinesReinsurance

Global reinsurer capital up by 5% to US$595 billion as of year-end 2016: Aon Benfield

April 11, 2017 by Canadian Underwriter

Global reinsurer capital rose by 5% to US$595 billion at Dec. 31, 2016, according to the latest edition of the Aon Benfield Aggregate (ABA) report. The report, released on Tuesday, highlights trends in property and casualty reinsurance through the analysis

News CatastrophesCommercial LinesInsurancePersonal LinesReinsurance

213 million euros initial loss estimate for extra-tropical cyclone Thomas: PERILS

April 10, 2017 by Canadian Underwriter

The initial estimate of the insured property market loss from extra-tropical cyclone Thomas is 213 million euros, representing the second time so far this season that a European winter storm exceeded 200 million euro, Zurich-based PERILS reports. The market loss

News Commercial LinesInsurancePersonal LinesTechnology

Saskatchewan Mutual Insurance Company goes live with eDocs, obtaining CSIO certification for personal and commercial lines

April 10, 2017 by Canadian Underwriter

Hubio, a provider of technology solutions for P&C insurers, announced on Monday that Saskatchewan Mutual Insurance Company (SMI) has obtained certification from the Centre for Study of Insurance Operations (CSIO) for both personal and commercial lines eDocs. SMI is now

News Commercial LinesInsuranceMarkets / CoveragesPersonal LinesProfessional DevelopmentTechnology

Sonnet ‘first step in a multi-step journey’: Economical’s SVP and chief marketing officer

April 10, 2017 by Canadian Underwriter

Fully online insurance company Sonnet is the “first step in a multi-step journey” and the learnings from that process will be applied back to other parts of Economical Insurance’s business, Economical senior vice president and chief marketing officer Michael Shostak

News InsuranceLegalPersonal LinesTechnology

Hyundai, Kia recall 1.4M vehicles; engines can fail

April 7, 2017 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Hyundai and Kia are recalling 1.4 million cars and SUVs in the U.S., Canada and South Korea because the engines can fail and stall, increasing the risk of a crash. The recall covers some of the Korean automakers’

News CatastrophesInsurancePersonal LinesTechnology

ICLR to host webinar on lot-level approaches to control urban flood risk and mitigate basement flooding

April 7, 2017 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a webinar in two weeks on lot-level approaches to control urban flood risk and mitigate basement flooding. The webinar on April 21 at 10 a.m. Eastern time is part of