Canadian Underwriter

Topic
Personal Lines


News CatastrophesCommercial LinesInsuranceLegislation / RegulationPersonal Lines

Enhancements to Alberta wildfire regulations take effect

April 4, 2017 by Canadian Underwriter

New wildfire protection regulations have taken effect in Alberta. The enhancements to the Forest and Prairie Protection Act regulations took effect on March 31, Alberta Agriculture and Forestry noted in a press release issued last week. The enhancements include: new

News CatastrophesInsuranceMarkets / CoveragesPersonal Lines

Volunteers in Manitoba town scramble to halt flooding from nearby river

April 3, 2017 The Canadian Press

CARMAN, Man. – The threat of flooding from an ice-choked river has prompted a big southern Manitoba town to declare a state of emergency. Officials in Carman say rising water on the Boyne River is causing flooding and sewer backups

News CatastrophesCommercial LinesInsurancePersonal Lines

B.C. announces more than $8 million in flood protection in latest round of investments

April 3, 2017 by Canadian Underwriter

British Columbia’s Ministry of Transportation and Infrastructure announced on Friday funding for two flood protection projects in the province. The first is a $4.17 million investment to the District of Kent to expand and upgrade the Hammersley Pump Station, which

News InsurancePersonal LinesProducts

Ontario should adopt ‘multi-provider insurance system’ for new home warranties: Cunningham

April 3, 2017 by Canadian Underwriter

Warranties that new homes in Ontario are free from defects should be available from multiple providers and treated as insurance products, former judge J. Douglas Cunningham recommended in a recent report. Warranty coverage currently available from Tarion Warranty Corp. “should

News Commercial LinesInsuranceMarkets / CoveragesPersonal LinesReinsurance

April 1 renewals largely following direction set at January 1 renewals: Willis Re

April 3, 2017 by Canadian Underwriter

The April 1 2017 renewal season “has largely followed” the direction set at January 1, the latest 1st View renewals report from Willis Re said. 2016 generated an “acceptable, though reduced” return for the global reinsurance industry, Willis Re, the

News InsurancePersonal Lines

Intact opens service centre in Montreal, fourth Canadian location

April 3, 2017 by Canadian Underwriter

Intact Financial Corporation (IFC) announced on Monday that it has opened a service centre in Montreal, the insurer’s fourth such centre. Intact Insurance and belairdirect customers in Montreal can now experience a “simpler, faster and more convenient auto claims process,”

News AssociationsCommercial LinesInsurancePersonal Lines

Strong investment gains even out results for Ontario mutual insurers

April 3, 2017 by Angela Stelmakowich

Financial results for Ontario mutual insurers in 2016 were better than expected, with 2016 marking the eighth consecutive year of overall profitability and seventh year in a row of underwriting profit. The aggregate results for Guarantee Fund Mutuals in 2016

News CatastrophesInsuranceMarkets / CoveragesPersonal Lines

Winnipeg scaling back flood preparations as floodway operations begin

March 31, 2017 The Canadian Press

Winnipeg scaled back flood preparations on Friday after Manitoba officials moved to divert water around the city. The gates of the Red River floodway were lifted in anticipation of the river cresting in the city sometime on the weekend. City

News InsuranceLegalPersonal Lines

Saskatchewan Government Insurance to focus on vulnerable road users in April

March 31, 2017 by Canadian Underwriter

Saskatchewan Government Insurance (SGI) and law enforcement will be focusing on vulnerable road users throughout the month of April. SGI, the province’s self-sustaining, compulsory auto insurance program, said in a press release on Friday that the focus will include dangerous

News CatastrophesClimate ChangeConstructionInsurancePersonal Lines

Standards Council of Canada, Intact Centre on Climate Adaption to study flood resiliency for new residential communities

March 31, 2017 by Canadian Underwriter

The Standards Council of Canada (SCC) and the Intact Centre on Climate Adaptation (Intact Centre) at the University of Waterloo have announced that they are joining forces to develop a new report on best practices for making new residential communities

News Commercial LinesInsuranceMarkets / CoveragesPersonal LinesTechnology

Artificial intelligence and Internet of Things accounted for nearly half of insurtech funding globally in 2016: Accenture

March 31, 2017 by Canadian Underwriter

Artificial intelligence (AI) and the Internet of Things (IoT) now account for almost half of total investment in insurance technology (insurtech) startups globally, according to new research from global professional services company Accenture. The research, which includes new analysis of

News InsuranceLegalLegislation / RegulationPersonal Lines

Bill proposing increase in careless driving fines to be tabled soon in Ontario

March 30, 2017 by Canadian Underwriter

A bill proposing a minimum $2,000 fine, under Ontario’s Highway Traffic Act, for careless driving causing death or bodily harm, will be re-introduced in the legislature, a Hamilton-area MPP said Thursday. Bill 213, An Act to amend the Highway Traffic