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Markets / Coverages
11 people sent to hospital after school bus crashes into B.C. home
November 10, 2023 The Canadian PressBURNABY, B.C. – Adrian Striga says that if he had slept in Thursday morning, it could have cost him his life. Instead, the carpenter was at work when a private school bus crashed through the window of his Burnaby apartment…
How Intact’s third quarter results shaped up
November 9, 2023 by Alyssa DiSabatinoIntact saw premium growth in 2023 Q3, but its profitability took a hit because of inflation and the Canadian wildfires, the company reported. Intact saw single-digit premium growth in its personal and commercial lines in 2023 Q3, and predicts this…
Why hay barn fires catch insurers’ attention
November 9, 2023 by Jason ContantThe massive amount of water and firefighting resources required to put out hay barn fires is just one reason why these blazes are so stubborn, an industry professional said at the Farm Fire Summit last week. A multi-million-dollar hay barn…
What P&C brokerage buyers are really looking for
November 8, 2023 by Jason ContantBuyers of Canadian P&C brokerages are becoming more selective about the brokerages they will pursue, with an increase in demand for commercial lines-focused brokerages, a new report from advisory firm Smythe LLP says. P&C consolidators continue to diversify their acquisitions,…
Brokerage, carrier partner up to offer digital auto coverage
November 7, 2023 by Jason ContantSquare One Insurance Services and Zurich Canada have partnered to offer personal auto insurance to Ontario drivers, with a Quebec and Alberta rollout planned for early 2024. “What sets this offering apart is our fully digital experience that allows our…
Behind the scenes of Hub’s latest Canadian acquisition
November 6, 2023 by Jason ContantIn a bid to shore up its personal and commercial insurance capabilities, Hub International Limited has acquired the assets of Quebec-based D’Onofrio Insurance Inc. Located in Laval, Que., D’Onofrio Insurance is an independent brokerage offering personal and commercial insurance to…
Is personal cyber the new fire?
November 6, 2023 by Alyssa DiSabatinoClients are seven times more likely to fall victim to a cybercrime than a house fire. But while most homeowners realize the need to have a fire extinguisher on hand, or to cover their risks with home insurance, many…
Why Ontario thinks auto theft needs a federal approach
November 3, 2023 by Jason ContantOntario’s provincial government is urging a federal and multi-jurisdictional approach to combat auto theft in Canada. In its 2023 Fall Economic Statement released Thursday, the government called for the Canada Border Services Agency, RCMP, Montreal and Halifax port authorities, as…
Tarantula blamed for crash that sent Canadian motorcyclist to the hospital
November 3, 2023 The Associated PressDEATH VALLEY, Calif. (AP) – A tarantula crossing the road in Death Valley National Park caused a traffic crash that sent a Canadian motorcyclist to the hospital, the National Park Service said. Swiss travelers, driving a rented camper van, braked…
Will building code changes affect farm fire severity?
November 2, 2023 by Jason ContantWith changes from the National Building Code of Canada (NBC) in the process of becoming law in Ontario next spring, farm insurance experts are raising concerns that the maximum barn size restriction will be removed and Ontario’s Fire Code (OFC)…
Ontario hospitals warn stolen patient, employee data may be published
November 2, 2023 The Canadian PressFive Ontario hospitals affected by a recent ransomware attack, along with their shared IT provider, are warning patients and staff that their data may be published. The attack caused an outage of some online services at Bluewater Health, Chatham-Kent Health…
Coastal storms: Could U.S. scenario happen here?
November 1, 2023 Philip PoradoIncreasing intensity of hurricanes making landfall along the U.S. coastline, sparked largely by climate change, has resulted in significant insured losses for several years. And storms seem to be getting worse. That trend impacts insurability and, going forward, “property values…