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How insurance company websites just beat out brokers in a U.S. consumer satisfaction study

June 15, 2020 by David Gambrill

For the first time in two decades, insurance company websites in the United States have become a more popular place for consumers to buy their auto insurance than through the broker channel, a U.S. auto insurance consumer satisfaction study has

News ClaimsClaims CanadaCommercial LinesInsurance

How much Intact is paying out for commercial COVID claims

June 12, 2020 by Greg Meckbach

Intact Financial Corp. is likely to pay out more than $80 million for commercial claims arising directly from the COVID-19 pandemic, but has only seen a small fraction of that so far, CEO Charles Brindamour said Wednesday. “The total actual

News ClaimsClaims CanadaCommercial LinesInsuranceRisk

Many Canadian film and TV productions held up by lack of COVID 19 insurance

June 12, 2020 Victoria Ahearn - THE CANADIAN PRESS

TORONTO – Reduced crowd scenes. Fewer people on set. COVID-19 testing. Handwashing stations. Those are some of the health and safety protocols Canadian film and TV producers are mulling over for their projects as provinces including British Columbia, Manitoba, Ontario

News BrokersCatastrophesClaimsCommercial LinesEarnings / RatingsEmploymentInsuranceMarkets / CoveragesReinsuranceRisk

CU Webinar: Industry execs to discuss impact of economic recession on Canada’s P&C industry

June 12, 2020 by David Gambrill

Way back in 2020 Q1, before the world turned upside down, the Canadian property and casualty insurance results were on the rebound from a difficult prior year. But on Mar. 11, 2020, the World Health Organization declared the novel coronavirus

News ClaimsInsurance

There’s UBI for auto, could it work for home?

June 11, 2020 by Adam Malik

If the more you drive means the likelier you are to have an auto claim, the same thinking could apply to home insurance claims, as people adhere to shelter-in-place guidelines during the COVID-19 pandemic, says a risk expert. If people

News CatastrophesClaimsClaims Canada

Environment Canada says tornadoes destroy barns, down trees in southern Ontario

June 11, 2020 THE CANADIAN PRESS

GLENCOE, Ont. – Environment Canada says it’s investigating after two tornadoes were reported near London, Ont., Wednesday night. The weather agency says the first happened at 7:50 p.m. in Glencoe, Ont., while the second happened 40 minutes later in Belmont,

News CatastrophesClaimsClaims CanadaClimate Change

How basement flood risk could rise with pandemic-induced municipal funding crunch

June 10, 2020 by Greg Meckbach

The economic repercussions of the COVID-19 pandemic could have an impact on public works projects aimed at reducing basement flooding, the head of an extreme weather risk think tank suggests. “When you are talking about how we are going to

News ClaimsInsuranceTechnology

Self-driving cars may not reduce as many crashes as you think: report

June 10, 2020 by Adam Malik

Insurers expecting the rise of autonomous vehicles to lower collisions may not get the results they were hoping for, according to a new report. It turns out that self-driving vehicles might prevent only about one-third of all collisions, says the

News AdjustersClaims

How the pandemic affects this claims adjuster’s property inspections

June 10, 2020 by Greg Meckbach

Despite the unprecedented closures and precautions arising from the ongoing pandemic, claims adjusters continue to inspect properties affected by disasters. “With exterior damages, social distancing has done nothing to affect [claims investigations] other than requiring us to stay a safe

News AdjustersClaims CanadaCommercial LinesRisk

How COVID-19 impacts maritime risk

June 9, 2020 by Greg Meckbach

Restrictions imposed on international travel to limit the spread of COVID-19 may be a concern for merchant shipping because crews could be overdue for a rest, Allianz Global Commercial Specialty suggests in a recent paper. “Due to closed international borders

News ClaimsLegislation / Regulation

Alberta drivers push back against no-fault

June 9, 2020 by Adam Malik

Albertans would rather stick with its at-fault auto insurance system than switch to a no-fault program, according to a new survey. More than six in 10 Albertans (61%) surveyed told Nanos Research that they prefer at-fault over the no-fault system.

News CatastrophesClaims

Roads flooded, some homes evacuated as rain pummels southeast Manitoba

June 9, 2020 THE CANADIAN PRESS

STUARTBURN, Man. – Heavy rain in southeastern Manitoba has flooded roads and forced people out of some homes. David Kiansky, reeve of the Rural Municipality of Stuartburn, says the water rose up suddenly and covered a lot of farmland and