Canadian Underwriter

Keyword
homeowners insurance

News CatastrophesClaimsEarnings / RatingsInsuranceMarkets / Coverages

Actual U.S. homeowners’ loss ratio 10 points lower than modeled expected over past 10 years: Aon

October 16, 2017 by Canadian Underwriter

The catastrophe loss ratio, over 10 years, was 10 points lower than the modeled expected cat loss ratio in homeowners’ insurance in the United States, Aon plc suggested in a report released Monday. Aon Benfield Analytics released Monday its annual

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

IBC encouraging policyholders to discuss policy limits with insurers as B.C. wildfires continue

July 10, 2017 by Canadian Underwriter

As British Columbia has declared a state of emergency due to wildfires burning out of control throughout much of the Interior, the Insurance Bureau of Canada (IBC) is encouraging policyholders to discuss policy limits with their insurer. Most home and

News CatastrophesInsuranceMergers and Aqcuisitions

Number of lightning-related homeowners insurance claims in the U.S. up in 2016, but average cost for insurers down: I.I.I.

June 16, 2017 by Canadian Underwriter

The number of homeowners insurance claims from lightning strikes and electrical surges in the United States rose in 2016, compared with 2015, but the average cost that insurers paid on those claims fell, according to a new analysis by the

News InsuranceLegalLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsProducts

Canadian insurance industry needs clear direction and proper framework to address marijuana legalization, industry event hears

June 2, 2017 Jason Contant, Online Editor

The insurance industry in Canada needs clear direction from governments and a proper framework to address the upcoming legalization of marijuana, attendees to an industry event heard on Thursday. “First and foremost, we do not as an industry, and cannot,

News InsuranceMergers and AqcuisitionsTechnology

83% of U.S. carriers believe leveraging smart home and IoT technology will attract new customers, improve customer relationships: study

April 4, 2017 by Canadian Underwriter

More than 80% of homeowners insurance carriers in the United States believe that smart home and Internet of Things (IoT) technology will attract new property and casualty customers and improve customer relationships, according to a new report from NTT DATA.

News InsuranceMergers and Aqcuisitions

Two out of three U.S. homeowners insurance customers would switch carriers to get discounts for using smart home devices, study finds

January 17, 2017 by Canadian Underwriter

Two out of three homeowners insurance customers in the United States would be willing to change insurance companies to get policy discounts for using smart home devices, according to new research findings released on Tuesday by NTT DATA. “Our study

News Insurance

Lemonade Insurance Company files for licences in 46 states

December 22, 2016 by Canadian Underwriter

Lemonade Insurance Company announced on Friday that it has filed for a licence in 46 states and the District of Columbia in the United States, in addition to New York, where it was licensed three months ago. Lemonade, the renters

News InsuranceMergers and Aqcuisitions

Esurance introduces homeowners insurance in Alberta

October 13, 2016 by Canadian Underwriter

Esurance, the online direct-to-consumer insurance company, announced on Thursday that it is now offering homeowners insurance in Alberta. The Esurance homeowners policy offers Albertans comprehensive protection as well as water backup and additional living expense coverage to safeguard their homes,

News InsuranceMergers and Aqcuisitions

Customer satisfaction with homeowners insurance improves in eastern Canada, lower satisfaction in western provinces: J.D. Power study

June 6, 2016 by Canadian Underwriter

Customer satisfaction with homeowners insurance in eastern Canada is improving, while catastrophic events contribute to lower satisfaction in the western provinces, according to the J.D. Power 2016 Canadian Home Insurance Study, released on Monday. The annual study examined customer satisfaction

Feature Claims CanadaInsuranceLegal

Monk v. Farmers’ Mutual Insurance Co. (Lindsay): Further Lessons in Policy Language and Interpretation

May 18, 2016 Michael S. Teitelbaum, partner; and Ashley Peacock, associate Hughes Amys

Introduction In Monk v. Farmers’ Mutual Insurance Co. (Lindsay), [2015] ONCA 911, the Court of Appeal reversed the motion judge’s decision1 that the “faulty workmanship” exclusion applied to both direct and indirect damages. The Court ruled that the motion judge’s