Canadian Underwriter

Topic
Claims


Hourglass, stopwatch and clock floating in blue water
News ClaimsCommercial LinesInsuranceLegalRisk

Paid the claim? No need to re-appraise after limitation period, court says

March 12, 2024 by Alyssa DiSabatino

An insurer that has already paid a claim doesn’t have to do a follow-up appraisal after the limitation period has expired, Ontario’s Superior Court of Justice has ruled.  “An admission of liability to pay on the part of an insurer

The Fraser Valley in B.C. after flooding on Nov. 21, 2021
News CatastrophesClaimsClaims CanadaClimate ChangeInsurance

Federal disaster aid for Fraser Valley floods, landslides taking too long: B.C. MP

March 12, 2024 Mia Rabson - The Canadian Press

The federal government estimates it will need to pay almost $3.4 billion for its share of the disaster recovery bills for flooding and landslides that devastated British Columbia’s Fraser Valley in November 2021. But more than two years after that

Blizzard in city. Winter weather. Deep snow
News CatastrophesClaimsClimate ChangeMarkets / Coverages

What Western Canada’s deep freeze cost insurers

March 11, 2024 by David Gambrill

Canada’s property and casualty insurers rang in 2024 by paying out $180 million to repair damage caused by Western Canada’s deep freeze in mid-January. Insurance Bureau of Canada (IBC) released the figure Monday, which is based on industry claims totals

News CatastrophesClaimsClimate ChangeCommercial Lines

‘Clean slate’ to reshape B.C. wine industry, after climate-related catastrophes

March 11, 2024 Brenna Owen - The Canadian Press

The heart of British Columbia’s wine industry is reeling after suffering a litany of climate-related hits, resulting in two years of crop losses in the southern Interior. Record-breaking heat. Wildfires and smoke that repeatedly contaminated grapes. A destructive cold snap

Rideshare driving checking on his app to get a new customer
News BrokersClaimsInsuranceLegal

Do gig-driver clients have the right auto coverage?

March 11, 2024 Philip Porado

With accident claims up sharply post-pandemic, transportation network companies (TNCs) like Uber, Lyft and others are aggressively managing the insurance coverage they offer to gig drivers to ensure they have a handle on fraud. “You’re going to get some claims

Discussing financial results
News ClaimsClaims CanadaEarnings / RatingsInsuranceMarkets / CoveragesTechnology

How Aviva Canada is handling personal lines’ pressures

March 8, 2024 by Jason Contant

Aviva Canada’s overall combined ratio for 2023 stood at 95.3% (undiscounted) but there was a difference between the year-end combined ratios for personal versus commercial lines.  The insurer’s personal lines combined ratio (COR) last year came in at 99.5%, up

Home with truck outside
News CatastrophesClaimsInsuranceRisk

What insurers can expect from FSRA’s review of home insurance claims

March 8, 2024 by Alyssa DiSabatino

Ontario’s insurance regulator is conducting a review of home insurance claims handling to help the industry identify the greatest risks for consumer harm.  Initially announced in June 2023, the Home Insurance Thematic Review is on its way to being published,

Secure document safety concept
News ClaimsClaims CanadaCommercial LinesEmploymentInsuranceLegalMarkets / CoveragesRiskTechnology

B.C. health authority warns of possible privacy breach after police recover documents

March 8, 2024 The Canadian Press

An RCMP investigation has revealed a possible privacy breach for thousands of employees who worked or work at a health authority in British Columbia’s Interior. Interior Health says police contacted them in January about finding a document during its investigation

Edmonton City Hall
News ClaimsClaims CanadaCommercial LinesInsuranceLegalMarkets / CoveragesRisk

Edmonton City Hall attack supports terror charges: RCMP 

March 7, 2024 The Canadian Press

Mounties say they believe an attack on Edmonton City Hall in January was politically motivated, meaning it reaches the legal threshold for terrorism charges.  Supt. Glenn Sells of the RCMP’s national security team said Tuesday that officers had seized an

Aviva Canada's 2023 financial results
News CatastrophesClaimsClaims CanadaCommercial LinesEarnings / RatingsInsuranceMarkets / Coverages

How Aviva Canada fared in 2023

March 7, 2024 by Jason Contant

Aviva Canada ended 2023 with an undiscounted combined operating ratio (COR) of 95.3% and double-digit growth in gross written premiums, despite challenging market conditions that included increased weather-related losses and heightened auto theft.  The undiscounted ratio for 2023 was up

Concept of home insurance price increases
News CatastrophesClaimsClaims CanadaClimate ChangeInsuranceMarkets / Coverages

How home insurance premiums are trending

March 6, 2024 by Jason Contant

Canadian home insurance policyholders should brace for price increases this year following a nearly 8% year-over-year increase since the beginning of the year, according to internal data from rate comparison site My Choice Financial. Canada’s home insurance landscape is poised for

A person's hand breaking the window of a vehicle for the purpose of auto theft
News ClaimsInsurance

How auto theft, inflation and vehicle complexity boost claims costs

March 6, 2024 Philip Porado

Late last year, Toronto’s police department wrapped an auto theft intervention, codenamed Project Stallion, that recovered 1,080 vehicles stolen citywide with a combined value of $59 million. That works out to just shy of $55,000 per vehicle. Auto theft is