Canadian Underwriter

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Claims


Heavy rainfall
News ClaimsClaims CanadaClimate ChangeInsurance

‘Atmospheric river’ could bring 300 millimetres of rain to parts of southern B.C.

January 26, 2024 The Canadian Press

Officials in B.C. are warning of heavy rainstorms for the South Coast region starting on Saturday.  Environment and Climate Change Canada says West Vancouver Island and the Coast Mountains could receive up to 300 millimetres of rain over five days,

Aerial view of homes flooded by rainfall
News CatastrophesClaimsClaims CanadaInsuranceMarkets / Coverages

Why personal property results should concern insurers

January 26, 2024 by Jason Contant

Even though overall financial results for the Canadian P&C insurance industry were only slightly worse in 2023 compared to the previous year, personal property lines should raise concerns for underwriters, according to a new report from the Property and Casualty

Food delivery driver in action
News BrokersClaimsInsuranceLegal

How accident claims hit rideshare drivers’ personal auto policies

January 26, 2024 Philip Porado

There seems to be a disconnect between drivers and their insurers about the ability to access personal auto coverage when driving for food delivery or rideshare companies like Uber, Lyft and others. While there’s no hard data to quantify a

Cyber security concept
News ClaimsClaims CanadaCommercial LinesInsuranceLegislation / RegulationMarkets / CoveragesTechnology

How cyber pricing is trending for large Canadian companies

January 25, 2024 by Jason Contant

Large corporate cyber clients in Canada saw pricing decreases last year and one cyber underwriter expects the market for those risks will flatten out in 2024. “In 2023, we did see some fairly significant softening in the market; prices were

We want you! Retro woman pointing finger vector illustration
News AdjustersAnnouncementsAssociationsBrokersEmploymentInsuranceProductsProfessional Development

P&C insurance industry launches collective recruitment effort

January 25, 2024 by David Gambrill

Canada’s property and casualty insurance industry has launched a collaborative, industry-wide recruitment effort dubbed Project Reframe. Announced by the Insurance Institute of Canada (IIC) Monday, the public education campaign aims to portray the insurance industry as an engaging, dynamic, and

Man getting into a rental car after a collision claim
News ClaimsInsurance

Length of rental for auto collisions down slightly

January 25, 2024 by Alyssa DiSabatino

Auto insurers and their customers will be relieved to know the average length of vehicle rentals for collision-related claims across Canada has decreased, albeit gradually, from the same time last year, according to new data.   The overall length of

A gloved hand is picking up a sports car
News ClaimsInsuranceLegalRiskTechnology

Feds heed auto insurers’ call for auto theft summit

January 24, 2024 by David Gambrill

Canada’s federal government has answered the call by the nation’s auto insurers to promote a whole-of-society solution to a mounting auto theft crisis. A National Summit on Combatting Auto Theft will take place in Ottawa on Feb. 8, 2024, Public

Businessman leader helping young woman at a desk in the office
News AdjustersCatastrophesClaimsProfessional Development

How this national adjusting firm is handling the talent gap

January 24, 2024 by Alyssa DiSabatino

One large claims firm in Canada has addressed the adjuster talent shortage by establishing a new foundational learning program for early-career adjusters.  ClaimsPro’s new national adjuster development program is designed to provide entry level adjusters with technical expertise to tackle

Buildings are seen in floodwater following a major rain event in Halifax on Saturday, July 22, 2023. A long procession of intense thunderstorms have dumped record amounts of rain across a wide swath of Nova Scotia, causing flash flooding, road washouts and power outages
News CatastrophesClaimsClaims CanadaConstructionInsuranceRestoration

Months after request, Nova Scotia silent on possible buyout of flooded Halifax homes

January 24, 2024 Keith Doucette – The Canadian Press

HALIFAX – Frustration is building with a lack of a commitment from the Nova Scotia government to buy and demolish some of the Halifax area homes ravaged by massive flooding last July. Halifax Regional Council sent a letter on Oct.

Red pumpjack in Alberta
News ClaimsClaims CanadaInsuranceMarkets / CoveragesRestorationRisk

Alberta releases liability estimate for well cleanup

January 23, 2024 Bob Weber - The Canadian Press

Alberta’s oil and gas producers spent nearly $700 million in 2022 on cleaning up the hundreds of thousands of old wells that dot the province, the regulator’s first report on the extent of those liabilities indicates.  That’s 65 per cent

Repair team in a storm damaged building
News ClaimsClimate ChangeInsurance

How reconstruction companies are improving repair timelines

January 22, 2024 Alyssa Di Sabatino

A shortage of tradespeople isn’t making it easy for the restoration industry to recover from extended repair cycle times during the pandemic. While cycle times are starting to improve, frequent NatCats and a lack of qualified talent are stretching capacity

Car collision with damaged vehicles
News BrokersClaimsInsuranceMarkets / Coverages

How Ontario drivers have responded to DCPD opt-out option

January 22, 2024 by Alyssa DiSabatino

For all the discussion it provoked within brokerage circles, one of the Ontario government’s ideas for auto insurance reform appears to have fallen flat with drivers, albeit it’s only in the first month of the initiative. Thus far, Ontario brokerages