Canadian Underwriter

Topic
Construction

Fallen tree damage to the roof of a house
News AdjustersClaimsCommercial LinesConstructionInsuranceRestoration

How adjusters can benefit from putting consumers in control of their claims

January 19, 2023 Jason Contant

When severe weather events take place, not everything can be fixed overnight. There are only so many contractors and thousands of homes will likely need repairs ranging from major to minor. “It comes down to triaging and putting the insured

College students in a classroom.
News BrokersCommercial LinesConstructionInsuranceLegislation / RegulationProfessional Development

Can a new college program draw talent to commercial brokerages?

January 18, 2023 Alyssa DiSabatino

The specialized nature of commercial brokering is causing a talent shortage now that veterans are retiring in droves. “I literally get three or four different companies a week that ask for talent, and it’s amplified across the industry,” said John

Lighthouse in a hurricane
News CatastrophesClaimsCommercial LinesConstructionInsuranceMarkets / CoveragesReinsurance

What’s driving reinsurer underwriting margins in 2023?

January 16, 2023 Philip Porado

Underwriting margins for reinsurers will likely grow by an average four percentage points during 2023, said a new report from Fitch Ratings. Key factors for the increases are significant price rises, tighter terms and conditions, as well as the withdrawal

Provincial flag of Alberta
News BrokersCommercial LinesConstructionInsuranceLegislation / RegulationMarkets / CoveragesRisk

How an Alberta election may impact decisions on captive insurance

January 12, 2023 Philip Porado

Companies looking at the benefits of setting up an Alberta captive insurance company appear to be taking a ‘wait-and-see approach’ with respect to tax treatment. At the moment, the province’s tax authorities have indicated captives will be treated the same

Car body being painted after repair.
News AdjustersBrokersClaimsCommercial LinesConstructionEngineeringInsuranceRestoration

Can the P&C industry navigate these 3 problems in 2023?

January 9, 2023 David Gambrill

Thanks to supply chain disruptions, labour shortages and inflation, insurance policyholders face longer and more expensive repairs. To address that, insurance industry execs said, Canada’s P&C industry needs to up its communications game during the claims process. P&C insurance professionals

Oil and gas drilling rig
News ConstructionInsuranceMarkets / Coverages

Oil and gas drilling sector expects activity to pick up in 2023

November 25, 2022 Amanda Stephenson - THE CANADIAN PRESS

CALGARY – The organization representing Canada’s oil and gas drilling sector says it expects more activity in 2023, even as it continues to push the federal government for a new tax credit it says it needs to help the energy

Covid-19 virus image
News AdjustersClaimsCommercial LinesConstructionEmploymentInsuranceRisk

Does an immuno-compromised adjuster have to return to field work?

November 23, 2022 The CIP Society, Insurance Institute of Canada

For almost three years, there’s been confusion around COVID-19 protocols. It’s made it hard for people to get on with their daily lives. An example of how these stresses burden our industry is illustrated in a dilemma faced by a

sea coast houses bracing for a hurricane
News AdjustersBrokersCatastrophesClaimsClaims CanadaClimate ChangeConstructionInsuranceMarkets / CoveragesReinsuranceRestorationRisk

How hurricane losses will impact pricing and capacity

November 21, 2022 Philip Porado

Watch for Hurricane Ian’s damage estimates of between US$50 billion and US$70 billion to made insurers more conservative about pricing and capacity, according to Aon’s global market insights for 2022 Q3. “As the full market impacts of Hurricane Ian materialize,”

Many hands putting together a jigsaw puzzle
News BrokersCatastrophesClimate ChangeCommercial LinesConstructionInsuranceMarkets / CoveragesMGAsReinsurance

Covering larger risks? Why subscriptions may be the way of the future

November 18, 2022 Philip Porado

As claims from Cat events and other external risks get larger, the simplest solution to cobbling together coverage might be a subscription approach that spreads risk and reduces individual insurers’ losses. “Subscribing the risk is better for the industry,” George

Shopping cart representing selling a business
News BrokersCommercial LinesConstructionEmploymentInsuranceMergers and AqcuisitionsProfessional Development

Three options for selling your brokerage

November 11, 2022 Philip Porado

A consistent stream of property and casualty brokerage acquisition announcements over the past few years likely has a lot of brokerage owners thinking about how they’ll eventually exit the business. For most sales transactions, there are three basic options. One

Excavator filling the bed of a dump truck
News AdjustersBrokersClaimsClaims CanadaCommercial LinesConstructionInsurance

What do downtime policies cover for truck owners?

October 17, 2022 Kevin Thomas and Tony Militello

Businesses operating trucks can see their livelihoods impacted by unforeseen incidents like mechanical failures, accidents, fires or vehicle thefts. For properly insured businesses, these incidents may result in downtime claims. And those claims often require careful consideration of limitations — because

Fleet of excavator machines for rent
News AssociationsBrokersCommercial LinesConstructionInsuranceMarkets / CoveragesProducts

Westland partners with American association for equipment, event rental coverage

October 6, 2022 by Jason Contant

Westland Insurance Group and the American Rental Association (ARA) have announced an exclusive partnership to deliver insurance solutions to ARA members across Canada. ARA is an international trade association for owners of equipment and event rental operations, as well as