Canadian Underwriter


Forest fire in Kootenay, B.C.
News ClaimsClaims CanadaInsuranceMarkets / Coverages

Fire danger drops as cooler weather eases B.C.’s wildfire season

September 27, 2023 The Canadian Press

VANCOUVER – The British Columbia Wildfire Service says the fire danger rating across most of the province has dropped to low or very low as cool, damp fall weather arrives. The wildfire service says there have been no new fires

Insurance policy agreement in office
News ClaimsClaims CanadaInsuranceLegal

Why this address misrepresentation ruling was set aside

September 27, 2023 by Jason Contant

Ontario’s Licence Appeal Tribunal (LAT) erred in law when ruling it had to rely solely on the Statutory Accident Benefits Schedule (SABS) and had no jurisdiction to award equitable remedies under the Insurance Act, a provincial court has found.  In

Scales of justice loaded with money symbolizing high cost of legal action
News AssociationsClaimsClaims CanadaInsuranceLegalMarkets / Coverages

What’s contributing to rising auto premiums in Alberta?

September 26, 2023 by Jason Contant

Litigation costs stand out as a major contributor to premiums drivers pay in Alberta, according to a new report from accounting firm MNP. Legal costs in Alberta’s auto insurance system have risen 31% since 2018 and account for roughly 20%

Silhouette of stressed business man in the office
News BrokersClaimsCommercial LinesInsurance

What it will actually take to reduce human error in cyber security

September 26, 2023 by Alyssa DiSabatino

Humans are still the weakest link when it comes to cyber security, but preventing simple slip-ups means creating a workplace culture where employees are comfortable raising their security concerns, one expert shared. Human error is consistently a major driver in

Dog bearing her teeth about to bite while waiting for her bath.
News BrokersClaimsEmploymentInsuranceLegalRisk

Brokers: Is your client’s dog “friendly?”

September 25, 2023 by David Gambrill

When two dog owners pass each other while walking their dogs, it is common to hear one ask of the other’s dog, “Friendly?” Perhaps that’s what personal lines home insurance brokers should be asking their dog-owning clients, since lawsuits against

Big clouds before the storm
News ClaimsClaims CanadaInsuranceMarkets / Coverages

Environment Canada warns B.C. coast to prepare for heavy winds, rain

September 25, 2023 by Jason Contant

Rain and a wind storm are expected for much of British Columbia’s coast, bringing gusts as strong as 110 kilometres per hour.   Environment Canada warnings cover both northern and eastern Vancouver Island, as well as Victoria, portions of the Sunshine

Warning of ransomware detected on machine
News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / CoveragesTechnology

Why your cyber clients need to keep an eye on ransomware 

September 25, 2023 by Jason Contant

Canada was the third most affected country in the world for successful ransomware-as-a-service (RaaS) and extortion attacks in the first and second quarters of 2023, said a report from cybersecurity company Trend Micro.  The report, LockBit, BlackCat, and Clop Prevail

Hand of a businessman stopping a falling block
News ClaimsClaims CanadaCommercial LinesEarnings / RatingsInsuranceMarkets / CoveragesRisk

How well the industry protects policyholders against insolvency

September 22, 2023 by Jason Contant

Canada’s P&C insurance industry compensation fund will almost entirely protect both personal and commercial lines policyholders in the event of an insurer insolvency, a comprehensive review of coverage and benefits has found. Should an insurer member of the Property and

Businesspeople meeting to discuss financial results
News ClaimsClaims CanadaCommercial LinesEarnings / RatingsInsuranceMarkets / Coverages

How Canada’s P&C insurers are faring under IFRS 17

September 21, 2023 by Jason Contant

Despite significant changes to financial statements from IFRS 17, 2023 is shaping up to be an “average” year at best for Canada’s P&C insurers, even as continued Cat events remain likely to negatively impact Q3, says a new report. In

E-learning graduate certificate program concept. lightbulb on the book with graduation hat, and education icons. Internet education course degree, Idea of learning online class.Webinar Online Courses
News AssociationsBrokersClaimsEmploymentInsuranceLive with CU

How the industry’s talent war shapes insurance education

September 21, 2023 by David Gambrill

Property and casualty insurance education is adapting to meet the needs of the industry’s desire for ‘plug-and-play’ talent that can hit the ground running, one panelist told a Live with CU presentation last week. More specifically, educational bodies are entering

Fighting a forest fire at night
News ClaimsClaims CanadaInsurance

Four young B.C. firefighters heading home die in head-on crash on highway 

September 21, 2023 Brenna Owen - THE CANADIAN PRESS

Four young men travelling home after helping in the battle against wildfires in central British Columbia are dead after a fiery head-on crash, police and provincial officials said Wednesday.   RCMP Cpl. James Grandy said emergency crews responded around 2 a.m.

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News CatastrophesClaimsClimate ChangeInsurance

Where 2023 Cat losses stand after summer storms

September 20, 2023 by David Gambrill

Summer storms in Alberta and the Prairies caused more than $300 million in insured losses, bringing the cumulative total of Cat losses to date in Canada to more than $2 billion — with another financial quarter to go in 2023.