Topic
Commercial Lines
Court finds corporate director personally liable for worker’s comp injury claim
November 5, 2019 by David GambrillA corporate director can be held personally liable for injuries that happen to employees in a workplace while the director is simultaneously engaged in the work “as part of the business of the corporation,” the Court of Appeal of Alberta…
What’s next for broker-insurer connectivity?
October 21, 2019 by Jason ContantNow that the D/X Initiative has broken ground with the completion of a first notice of loss (FNOL) transaction in real-time, what’s next for broker-insurer connectivity? “There’s a perception in the industry, I think, that when we talk about connectivity……
The rationale behind Applied’s acquisition of Policy Works
October 17, 2019 by Jason ContantProviding brokers with a complete view of their business – both personal and commercial lines – was among the reasons Applied Systems decided to acquire Policy Works, Applied’s vice president of industry and partner relations said Wednesday. Steve Whitelaw spoke…
Applied Systems acquires Policy Works
October 15, 2019 by Jason ContantApplied Systems announced Tuesday it has acquired Policy Works, a major platform for commercial lines business in Canada. The acquisition will extend Applied’s position within the commercial lines market segment, driving greater connectivity and automation for commercial lines brokerages and…
Aviva Canada CEO explains rationale for Global Corporate Specialty
October 7, 2019 by Jason ContantAviva Canada sees its new Global Corporate Specialty (GCS) business unit growing disproportionately to the rest of its business, Aviva Canada CEO Jason Storah told Canadian Underwriter Friday. “We’ve been in [the specialty business], but I think we’ve been in…
An emerging commercial risk with growth opportunity
September 30, 2019 by Greg MeckbachCompanies providing electric scooters and similar devices are spawning a growing market for commercial insurance, an analyst with A.M. Best Company Inc. suggests. There is no standard definition of “micro mobility” but it often refers to small “last-mile” modes of…
How Economical returned to profitability
August 19, 2019 by Greg MeckbachEditor’s Note: In an earlier version of this story, Canadian Underwriter incorrectly reported Economical Insurance’s net loss in 2017. Canadian Underwriter regrets the error. Commercial premiums for Economical Insurance are down more than 10%, but that does not mean prices…
Commercial insurer raising some prices by 30%
August 12, 2019 by Greg MeckbachThe hardening commercial insurance market has resulted in double-digit price increases for some of Fairfax Financial’s insurers, with rates in some lines increasing by nearly a third. “Price increases are significant, some lines up as much as 30%,” said Paul…
Breaking down the coverage
August 5, 2019 Greg Meckbach, Associate EditorWhy boiler and machinery insurance goes far beyond what its name suggests
Why are a growing number of trucking fleets winding up in Facility Association?
July 23, 2019 John G. SmithEditor’s Note: This article is reprinted with permission from Truck News A national review by Facility Association, an insurer of last resort for fleets that can’t secure coverage elsewhere, is looking to keep trucking companies from misrepresenting themselves when…
Top 2 priorities for Canadian commercial insurers
July 23, 2019 by David GambrillTwo major issues facing personal lines insurers – auto and climate change – are similarly vexing commercial insurers, says Insurance Bureau of Canada (IBC)’s new board chair, Silvy Wright. And working with Canadian insurance regulators will be key to responding…
Trends Intact is seeing with equipment breakdown losses
July 18, 2019 by Jason ContantThe increasing interconnectedness of buildings is leading to larger losses from an equipment breakdown standpoint, said Loren Gardiner, vice president of specialty solutions for Intact’s western division. For example, there are now alarms built right into electrical systems, and there…