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News CatastrophesClaimsInsuranceMarkets / Coverages

Why Canadian insurers paid $1.33 billion for cat claims in a benign cat year

January 9, 2018 by David Gambrill

Canadian insured losses from catastrophic events in 2017 totaled $1.33 billion, CatIQ Inc. reports, the fifth time that’s happened over the past seven years. “It’s becoming increasingly common to have Canadian annual insured losses to be greater than $1 billion,”

News CatastrophesClaimsInsuranceMarkets / CoveragesReinsurance

Was 2017 the costliest year ever for insured losses?

January 8, 2018 by Jason Contant

Munich Re has confirmed what industry analysts have long speculated — the hurricane trio of Harvey, Irma and Maria made 2017 the year of the highest global insured losses ever. The final insurance bill for those three hurricanes and other

News ClaimsInsuranceMarkets / Coverages

Fierce storm causes storm surges, extensive power outages in Atlantic Canada

January 8, 2018 Alison Auld - THE CANADIAN PRESS

HALIFAX – Work crews were fanning out across parts of Atlantic Canada on Friday after a fierce winter storm blasted the region with hurricane-force winds that flooded coastal roads, knocked out power and lashed waterfronts with surging seas. Tens of

insPRESS AnnouncementsAppointmentsClaims

First General appoints Angela Veri as Executive Vice President, Strategic Partnerships

January 8, 2018 First General

TORONTO, Jan. 8, 2018 /insPRESS/ – Frank Mirabelli, CEO of First General, is thrilled to announce the appointment of Angela Veri to the position of Executive Vice President, Strategic Partnerships. Angela will work with our Corporate & Regional Team to

News ClaimsInsuranceLegalMarkets / Coverages

How the Feds’ pot plan could trigger home insurance claims

January 7, 2018 by David Gambrill

Canadian insurance claims professionals see social host liability issues at play when the federal government’s Cannabis Act comes into force. “If somebody goes to a home where cannabis is available because the homeowner is able to grow four plants, and

News ClaimsInsuranceMarkets / Coverages

Defence begins closing arguments at Lac-Mégantic criminal negligence trial

January 4, 2018 The Canadian Press

SHERBROOKE, Que. – The lawyer for one of three men charged with criminal negligence in the Lac-Megantic rail disaster that killed 47 people began his closing arguments today. Gaetan Bourassa says the trial is for his client, Jean Demaitre, and

insPRESS AnnouncementsClaims

Coast Claims and Huston Grant (Kamloops) join forces

January 4, 2018 Coast Claims Insurance Services

VICTORIA, Jan. 4, 2018 /insPRESS/ – Coast Claims Service and Huston Grant Adjusters (Kamloops) are pleased and excited to announce the merger of our two companies. With more than 40 dynamic adjusters in 10 strategically located offices, our firms are

News CatastrophesClaimsInsuranceMarkets / CoveragesReinsurance

Why Canadian insurers should feel lucky after 2017

January 3, 2018 by Greg Meckbach

After a year of massive North Atlantic hurricane losses, Canadian P&C insurers may have dodged a bullet with this year’s renewal season. Reinsurers licensed in Canada “were the main beneficiaries of the relatively quiet Canadian CAT year,” wrote Joel Baker,

News CatastrophesClaimsInsurance

2018 Outlook: Greg Somerville, President, CEO, Aviva Canada

January 3, 2018 Greg Somerville

There is no denying that natural hazards such as B.C wildfires, multiple flooding events and the hurricanes thrashing our neighbours have been top of mind for the property and casualty insurance industry of late. Too often, these major incidents are

News CatastrophesClaimsEarnings / RatingsInsuranceMarkets / CoveragesTechnology

2018 Outlook: Ulrich Kadow, Chief Agent of Canada, Allianz Global Corporate & Specialty Americas

December 29, 2017 Ulrich Kadow

Across all markets, including Canada, pricing levels are generally at historic lows, which in many cases are well below technical pricing recommendations. Globally, recent natural catastrophes have highlighted the increasing frequency and potential severity of major events, potentially leading to

News ClaimsInsuranceLegislation / Regulation

Canadians show disconnect on distracted driving

December 29, 2017 by David Gambrill

Distracted driving is getting worse, Canadians say, even as the laws are tightening and public education campaigns are in full gear. More than four out of five Canadians (83%) believe texting while driving is a bigger problem today than it

News ClaimsInsurance

Christmas claims follies

December 21, 2017 by Canadian Underwriter

In the spirit of the holiday season, insurance companies around the world are sharing their most—and least—common Christmas claims, in the hopes that people keep safe during the festive period. An obvious Yuletide tip would be to keep your lit