Canadian Underwriter

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Legislation / Regulation


News AdjustersBrokersClaimsCommercial LinesInsuranceLegislation / RegulationRisk

This decision on a $5,000 deductible could motivate condo corporations to change their bylaws

October 28, 2020 by David Gambrill

A recent decision by B.C.’s Civil Resolution Tribunal (CRT) may motivate strata (condo) corporations to adjust their bylaws so that they can charge insurance policy deductibles back to their strata unit owners. Based on the outcome of the CRT decision,

News AssociationsBrokersLegislation / RegulationMarkets / Coverages

Intact’s take on regulating commercial ‘middle players’

October 26, 2020 by Greg Meckbach

Government and the industry should take a close look at the structure and regulation of “middle players” in the commercial property and casualty insurance market, Ontario brokers heard last week at their annual convention. “We know there are some things

Feature InsuranceLegalLegislation / Regulation

Why Uber has a new insurer

October 23, 2020 Jason Contant, Online Editor

After a five-year-long business relationship with Intact, ridesharing giant Uber moved its business to Economical. What prompted the move?

News BrokersInsuranceLegislation / Regulation

Switching your client’s carrier? Don’t forget to tell the client

October 19, 2020 by David Gambrill

A Manitoba broker received a $250 fine recently for failing to advise a client that his policy had been moved to a different insurer until two weeks after the policy had expired. In its decision, the Insurance Council of Manitoba

Feature AdjustersClaimsClaims CanadaEngineeringLegislation / RegulationRisk

Gushing over oil storage

October 18, 2020 Michael Freill, President, Mark 1 Engineering

How Canada’s P&C insurers plugged a regulatory hole that exposed the industry to millions of dollars in claims every year

News CatastrophesClaims CanadaClimate ChangeInsuranceLegislation / RegulationMarkets / Coverages

Watch for governments to transfer financial risk from natural disasters to insurers: Swiss Re

October 16, 2020 by Greg Meckbach

There is growing awareness that governments can transfer the financial risk of natural disasters to both insurance and capital markets, a Swiss Re expert observes. In Asia, Africa, the United States and Britain, there are examples of national and sub-national

News InsuranceLegislation / Regulation

B.C. auto could look a bit like these two provinces under a Liberal regime: IBC

October 9, 2020 by Greg Meckbach

If the Liberals return to power this fall in British Columbia after a three-year hiatus, and if they keep their election promises, the province’s auto insurance system may look similar to the auto insurance systems in both Quebec and Saskatchewan,

News InsuranceLegislation / Regulation

Why opening up B.C. auto to competition could help even if it doesn’t lower prices

October 8, 2020 by Greg Meckbach

British Columbia motorists would probably benefit from more choice in auto insurance if it means they can start doing more things by phone and online, suggests the co-founder of an online price comparison site. With the provincial election scheduled Oct.

News BrokersInsuranceLegislation / Regulation

Why B.C. brokers are not rallying behind Liberal auto insurance election promise

October 7, 2020 by Greg Meckbach

British Columbia’s Liberal party, which ruled the province from 2001 through 2017, is promising to open auto insurance up to competition if voters return the Liberals to power in the Oct. 24 election. “The ICBC monopoly is a failure and

News InsuranceLegislation / RegulationTechnology

Why insurers incurred penalties for over-charging Alberta auto clients

October 2, 2020 by Greg Meckbach

Programming errors are cited as the culprit for why some Alberta auto clients have been charged higher rates than those approved by the Automobile Insurance Rate board. Six auto insurers (ultimately owned by Economical, TD Bank and Intact) had to

News AdjustersCatastrophesClaimsClaims CanadaClimate ChangeInsuranceLegislation / RegulationRisk

‘Much clearer picture’ of how Ottawa will address flood risk coming soon

September 29, 2020 by Greg Meckbach

A special pool, in which high-risk properties would have caps or subsidies on premiums for flood insurance, remains a possibility in Canada, and the industry should have a much better idea this fall of what the government plans to do,

News BrokersInsuranceLegislation / Regulation

Broker lands in hot water after a man receives a surprise gift from his father-in-law

September 29, 2020 by David Gambrill

A B.C. broker received a $1,000 fine and was ordered to complete a course in auto insurance for her role in trying to help a man purchase a car for his son-in-law. The provincial broker regulator found that the broker,