Canadian Underwriter

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Claims


Feature CatastrophesClaimsClaims CanadaReinsurance

A fire season like none other

October 6, 2021 Jason Contant, Online Editor

Even as B.C. wildfires continue to burn, investigations begin and claims start rolling in.

Feature AdjustersCatastrophesClaimsClaims CanadaClimate ChangeEngineeringRestoration

Tornado blows change through Ontario bylaws

October 5, 2021 Jason Contant, Online Editor

Municipalities respond to series of tornadoes with new rules governing building construction.

News ClaimsClaims CanadaEarnings / RatingsInsurance

PACICC unpacks industry-wide P&C financial results

September 30, 2021 by Greg Meckbach

The industry made a record profit in homeowners’ insurance and overall premiums are up, but 20 Canadian insurers are losing money while dozens recently lost market share, an economist with Property and Casualty Insurance Compensation Corporation observes. “The healthy insurance

News ClaimsClaims CanadaCommercial LinesInsuranceLegal

‘Bodily injury expected or intended’ exclusion applies to daycare seeking liability coverage

September 29, 2021 by Greg Meckbach

Liability insurer Northbridge does not have to cover a Prince George, British Columbia daycare owner accused of shaking a child severely enough to cause brain injury, a judge ruled last week. A lawsuit, against the person operating the daycare, was

News AdjustersClaimsClaims CanadaInsuranceLegalLegislation / Regulation

IBC investigative services to be transferred to Équité Association

September 28, 2021 by Greg Meckbach

The Insurance Bureau of Canada’s Investigative Services division is being transferred to a new organization, Équité Association, effective Oct. 1. That transfer has been approved by IBC’s board, IBC announced Monday. Équité Association integrates IBC’s investigative services division with the

News CatastrophesClaimsInsurance

Okanagan Lake area wildfire could cost the industry nearly $80 million

September 24, 2021 by Greg Meckbach

An interior British Columbia wildfire this past August, which forced the evacuation of more than 1,000 properties, will cost the industry an estimated $77 million, the Insurance Bureau of Canada said Thursday. The White Rock Lake fire began on Aug.

News ClaimsClaims CanadaInsuranceLegal

COVID shutdown not a ‘physical loss,’ insurance lawyer says

September 23, 2021 by Greg Meckbach

A recent Court of Appeal for Ontario ruling, in favour of commercial property insurer FM Global, could be good news for insurers facing pandemic business interruption claims but the decision may also be reviewed by the Supreme Court of Canada,

B.C. wildfires
News AdjustersCatastrophesClaimsClaims CanadaClimate ChangeInsuranceRestoration

Insurance Bureau reacts to federal election results

September 22, 2021 by Greg Meckbach

Canada’s new government needs to focus on climate adaptation, says the industry’s association of property and casualty insurers. “After an unprecedented year of heat and wildfires across much of Canada, climate adaptation must receive more attention in the coming months

News CatastrophesClaimsClaims CanadaEarnings / RatingsInsurance

Why the hard market could be unsustainable

September 21, 2021 by Greg Meckbach

The Canadian industry’s combined ratio, at 81% so far in 2021, is at a historic low but this is mainly due to a 23% drop in claims and adjustment expenses, from $20.26 billion in the first six months of 2020,

News ClaimsClaims CanadaEarnings / RatingsInsurance

Where auto insurers are seeing the biggest profitability improvements

September 17, 2021 by Greg Meckbach

Canadian auto insurers saw both an increase in auto premiums and an improvement in their loss ratios in 2020, according to research from A.M. Best Company Inc. “Less miles driven translates into less frequency in auto losses,” A.M. Best director

insPRESS Engineering

30 Forensic Engineering Strengthens Materials & Product Failure Group with the Appointment of Daniel Balagot P.Eng.

September 17, 2021 -30- Forensic Engineering

TORONTO, ON, SEPTEMBER 17, 2021/insPRESS/ – 30 Forensic Engineering, Canada’s leading multidisciplinary forensic firm, is pleased to announce the appointment of Daniel Balagot B.A.Sc., P.Eng.  as Associate, within the Materials & Product Failure / Piping & HVAC group.x Daniel holds a Chemical Engineering

Contractor on ladder with cell phone figuring out hail damage repair costs for customer.
News ClaimsClaims CanadaClimate ChangeInsurance

Why Intact CEO predicts more rate increases for homeowners

September 16, 2021 by Greg Meckbach

Despite a significant industry-wide drop, over three years, in home insurance loss ratios, the CEO of Canada’s biggest carrier is predicting rate increases. “In home insurance, our perspective is that we will see a mid- to upper-single-digit rate increase environment,”