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Markets / Coverages


Auto accident
News ClaimsClaims CanadaInsuranceMarkets / Coverages

Is third-party liability a significant driver of auto claims costs?

August 10, 2023 by Jason Contant

Subrogation for third-party liability (TPL) in Saskatchewan doesn’t appear to have a significant impact on the cost of insurance for drivers in the province, a Saskatchewan Government Insurance (SGI) spokesperson suggested to Canadian Underwriter.  In Saskatchewan, the public insurer subrogates

Smoke and fire from a barn explosion
News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / Coverages

How is farm fire severity trending?

August 9, 2023 by Jason Contant

As Canadian farms increase in size, so too does the severity of fire losses in the agricultural sector, a farm insurance expert told Canadian Underwriter. In general, the number of farms in Canada is dropping, but they’re getting much larger.

Forest fire in Penticton, BC
News ClaimsClaims CanadaInsuranceMarkets / Coverages

How long will reprieve for B.C wildfire crews last?

August 9, 2023 Dirk Meissner - THE CANADIAN PRESS

A cooling trend with potential rain showers across much of British Columbia is expected to ease wildfire conditions for the next 36 to 48 hours, but hot, dry weather is set to return by the end of the week. The

Analyzing financial results
News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Intact provides update on RSA profitability, remaining priorities 

August 8, 2023 by Jason Contant

Two years after Intact Financial Corporation acquired RSA Canada (and some other operations outside Canada), value creation from the acquisition has exceeded expectations, Intact’s chief financial officer said during an earnings call last week.  “We estimate that annual RSA synergies

Close up on a car crash with firefighters in the background
News ClaimsClaims CanadaInsuranceMarkets / Coverages

Recent Quebec road and off-road crashes ‘particularly deadly,’ police say 

August 8, 2023 The Canadian Press

MONTREAL – Quebec provincial police say 22 people died in crashes on the province’s roads and trails over the past two weeks, marking a particularly deadly summer holiday period.   Police say there were 13 fatal road accidents as well as

Thief stealing a car
News ClaimsClaims CanadaInsuranceLegalMarkets / Coverages

Police say 138 vehicles recovered in probe targeting organized crime

August 4, 2023 The Canadian Press

Police in Windsor, Ont., say they have recovered 138 stolen cars with a total value exceeding $9 million following a joint probe conducted with provincial investigators who specialize in organized crime. They say the probe, dubbed Project Fairfield, was launched

Wildfire in Halifax
News CatastrophesClaimsClaims CanadaInsuranceMarkets / Coverages

What’s driving Intact’s high personal property combined ratio?

August 3, 2023 by Jason Contant

Intact Financial Corporation (IFC) saw an elevated combined ratio (undiscounted) of 119.2% in its Canadian personal property segment in 2023 Q2, driven in part by twice the expected level of Cat losses.  The 119.2% combined ratio in Intact’s personal property

New inventory at car dealership
News InsuranceMarkets / Coverages

Auto sales up 8% in July for ninth month of growth

August 3, 2023 The Canadian Press

RICHMOND HILL, Ont. – DesRosiers Automotive Consultants Inc. says auto sales growth continued in July but at a slower pace than recent months. The consultancy firm says total light vehicle sales for the month were up eight per cent from

Automotive recall
News ClaimsClaims CanadaInsuranceMarkets / Coverages

6.6 million ‘unsafe vehicles’ ply the roads despite recalls: Transport Canada

August 2, 2023 Christopher Reynolds - THE CANADIAN PRESS

Some 6.6 million “unsafe vehicles” are likely on the road despite having unresolved safety recalls, the federal government says. In an analysis from June, Transport Canada estimated that one in five of the 33.3 million vehicles registered as of 2019

Business with Canadian flag in front
News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Wawanesa to sell U.S. subsidiary, focus on Canadian market

August 1, 2023 by Jason Contant

Wawanesa Mutual Insurance Company will sell its U.S. subsidiary to the Automobile Club of Southern California’s affiliated insurer as it focuses its efforts on the Canadian insurance market.  Wawanesa Mutual announced Tuesday it has entered into a definitive agreement to

An evacuation order has been issued for more than 700 properties in Osoyoos, B.C.
News ClaimsClaims CanadaInsuranceMarkets / Coverages

Winds play key role as wildfire continues to threaten Osoyoos, B.C.

July 31, 2023 The Canadian Press

Winds will likely be a major factor in the battle to save the southern British Columbia town of Osoyoos from a raging wildfire, but the latest forecast offers some hope. Environment Canada is calling for northwest winds through the day

Woman preparing suitcase for travel
News BrokersInsuranceMarkets / Coverages

Navacord ramps up activity in this line of business

July 31, 2023 by Jason Contant

Navacord Corp. is growing its travel insurance business, recently announcing the appointment of a newly created executive role for the sector and the acquisition of brokerage known for its Canadian snowbird clients. Last week, Navacord appointed Melanie Muise to the