Canadian Underwriter

Keyword
commercial auto

New vehicles at an auto dealership holding lot
News BrokersClaimsInsurance

Can car dealerships manage insurance risks from vehicle thefts?

November 27, 2023 Philip Porado

Car thefts began rising across Canada in 2020 during the COVID-19 pandemic and have been climbing ever since – fuelled by organized crime rings using new technologies to steal key fob codes and take vehicles while their owners are asleep.

Man riding in a fully autonomous automobile
News BrokersClaimsInsuranceTechnology

How auto insurance will navigate a world with self-driving cars

October 4, 2023 Tim Crljenica, Thomas Gold Pettingill LLP

Self-driving cars have been a part of visions of the future for decades, and what was once only imaginary has started to become reality. Not only do self-driving cars exist, but five U.S. states (Arizona, California, Michigan, New Hampshire and

Girl after shopping discovered the loss of her automobile. Angry woman talking about missing car on phone. Vehicle theft concept
News AssociationsClaimsInsuranceLegalLegislation / Regulation

Auto insurers pay out record amount for auto theft

June 8, 2023 by David Gambrill

Supply chain issues are creating a hot domestic market for stolen vehicles, which in 2022 cost Canadian property and casualty auto insurers more than an estimated $1 billion — the most the industry has ever paid for auto theft in

Large commercial building under construction.
News BrokersCommercial LinesConstructionInsuranceReinsurance

Where brokers writing construction coverage may see bottlenecks

March 31, 2023 Philip Porado

A significant rise in construction projects being submitted in Canada means lead underwriting time is critical, according to a 2023 Q1 Global Construction Rate Trend Report from WTW. “Staffing shortages and underwriting approval processes are causing delays in quote turn-around,”

snow plough hitting a snow drift
News ClaimsCommercial LinesInsuranceMarkets / CoveragesRisk

Insurance forecast for snow plough operators this season

November 25, 2022 by David Gambrill

Hard market conditions in slow plough insurance are continuing to blow through, if Aviva Canada’s latest rate filing with Nova Scotia’s insurance regulator is any indication. Nova Scotia’s Utility and Review Board approved Aviva’s refinement of its rate surcharge for

Businessman using digital tablet to examine financial statistics
News BrokersClaimsClaims CanadaCommercial LinesInsuranceMarkets / Coverages

Two welcome commercial premium trends, post-pandemic

November 25, 2022 by Jason Contant

Gallagher in Canada is seeing some interesting premium trends in liability and commercial auto lines, now that pandemic restrictions are virtually non-existent.  Businesses such as restaurants were shuttered or faced restrictions throughout the peak parts of the pandemic, meaning that

Truck on the highway
News BrokersCommercial LinesInsuranceMarkets / CoveragesRiskTechnology

Insurers urge trucking fleets to use telematics data more proactively

November 17, 2022 by David Gambrill

Insurance companies are looking for truck fleets to manage their telematics data more proactively through the development of individual driver scorecard programs. “Insurance companies expect that [trucking fleets] don’t just have the [telematics] technology, but they’re doing something with the

Bar graph displaying economic recovery
News AnnouncementsBrokersInsuranceMarkets / Coverages

How Canada’s P&C market shifted in 2022

November 1, 2022 by Alyssa DiSabatino

Market conditions remain complex but are stabilizing as the industry approaches its last quarter this year, Aon’s 2022 Canadian Insurance Market Report found. Increased competition, along with positive underwriting results and loss activity, marks a transition from significantly challenged market

Sewerage system, dirty water discharged into river.
News ClaimsCommercial LinesInsuranceLegalLegislation / RegulationRestoration

Why Intact can’t recover $2.9 million in excess insurance payment

July 7, 2022 by David Gambrill

Intact Insurance has lost its bid to recover $2.9 million it paid above and beyond its $5-million insurance policy limit for cleaning up a 2012 chemical spill in North Bay, Ontario. Ontario’s Court of Appeal rejected Intact’s arguments that it

Aerial view of semi-trucks on a highway
News Insurance

Facility’s new approach to prevent truckers from “gaming the system”

June 6, 2022 by David Gambrill

Nova Scotia has approved Facility Association’s approach to rating commercial auto in a way that trucking operators cannot “game the system” and get Nova Scotia’s lower premium rates when they drive more extensively in other Canadian provinces. Essentially, a “surcharge

semi-truck at night
News ClaimsCommercial LinesInsuranceLegal

The insurance policy clause that saved this self-insurer

June 2, 2022 by David Gambrill

Clean Harbors Canada, one of largest hazardous waste haulers in North America, is not on the hook to pay the cost of first-party fire damage to a truck owned and operated by one of its contractors, an Ontario court has

City taxi at night
News ClaimsClaims CanadaLegalLegislation / Regulation

Cabbie assaulted while chasing fare outside taxi is not involved in an “auto accident”

April 19, 2022 by David Gambrill

A taxi driver who was severely beaten by a passenger, after the driver walked 40-to-50 steps away from his running taxi to collect a fare, was not involved in an insurable “auto accident,” the Ontario Superior Court has confirmed. The