Canadian Underwriter

Firefighters battling wildfire in Tantallon, N.S. News CatastrophesClaimsClaims CanadaInsurance

Before likely ‘ferocious’ wildfire season, fire chiefs worry about drop in volunteers

April 12, 2024 by Lyndsay Armstrong – The Canadian Press

As Canada looks ahead to what experts fear could be another devastating wildfire season, fire chiefs say they are worried about the dwindling number of volunteers available to combat the rising threat. Ken McMullen, president of the Canadian Association of…

Cloud computing technology News ClaimsClaims CanadaInsuranceTechnology

How cloud services can speed up the P&C industry

April 12, 2024 by Jason Contant

Cloud-based services can serve as a much-needed speed accelerator to the Canadian P&C insurance industry, eliminating friction and digitizing the customer experience, speakers said Thursday at the 2024 CIP Society Symposium in downtown Toronto. “I personally think the biggest threat…

Mallet of the judge, books, scales of justice News ClaimsInsuranceLegal

Why LAT is reconsidering an accident benefits claim after an auto accident

April 12, 2024 by Alyssa DiSabatino

A decision in which a woman whose psychological trauma was triggered after she viewed the dashcam footage of an auto accident she was involved in — and spotted a house in the background where she’d lived and was the victim…

Professional truck driver driving truck vehicle going for a long transportation route. News AssociationsClaimsCommercial LinesInsuranceLegislation / RegulationMarkets / CoveragesRisk

How new commercial truck drivers can get better insurance rates

April 11, 2024 by David Gambrill

Mandatory entry-level training (MELT) for new commercial truck drivers needs to be implemented across Canada, and trucking companies must follow this up with mentorship and onboarding programs, a new report commissioned by the Insurance Bureau of Canada recommends. Plus, safety…

Net zero and carbon neutral concept - reducing greenhouse gas emissions News ClaimsClaims CanadaClimate ChangeInsuranceMarkets / CoveragesMGAsRisk

Carbon insurance: Bigger than cyber?

April 10, 2024 by Jason Contant

The global voluntary carbon market (VCM) is expected to show “hockey stick growth” over the next few decades, representing a dramatic opportunity for the insurance industry. “Look at the cyber market now in insurance — it’s the new big thing,”…

Satellite taking images used for risk assessments News BrokersClaimsInsurance

What’s the next frontier for assessing property risk?

April 10, 2024 by John Siegman, co-founder of HazardHub

Next-generation data, analytics and risk models are giving property risk assessment a much-needed facelift. The increased frequency and intensity of natural disasters, combined with population growth in NatCat-prone regions, is escalating property and casualty (P&C) insurers’ claims and losses. A…

Three white trucks in a convoy on an interstate highway News ClaimsCommercial LinesMarkets / Coverages

Why insurers urge better training for new commercial truck drivers

April 10, 2024 by David Gambrill

An urgent need exists for more comprehensive training of new commercial truck drivers, says a new report commissioned by the Insurance Bureau of Canada. “Canada’s trucking sector is critical to the success of our economy, transporting over 90% of all…

A fire burning across the lake in Osoyoos, B.C. News CatastrophesClaimsClaims CanadaInsurance

Drought, heat raise risk of repeat of last summer’s record-breaking wildfires

April 10, 2024 by The Canadian Press

Persistent drought and months of above-average temperatures have raised the risk of a repeat of last year’s record-breaking wildfires. Federal officials say conditions are already ripe for an early and above-normal fire risk from Quebec all the way to British…

Concept of carbon credits and net-zero emissions News CatastrophesClaimsClaims CanadaClimate ChangeInsuranceMGAsProducts

Why this MGA is betting on carbon insurance

April 9, 2024 by Jason Contant

Specialist insurance provider CFC has entered the voluntary carbon market (VCM) with the launch of a carbon delivery insurance product that safeguards the purchase of carbon credits. VCMs are decentralized markets in which individuals or organizations buy credits to voluntarily…

Storm coming in News CatastrophesClaimsInsurance

Hurricane season’s on the horizon — are we ready?

April 9, 2024 by Philip Porado

It won’t be long before June arrives, bringing with it the 2024 hurricane season. That might be a problem for Canada’s adjusters and insurers given many are still managing residual claims from Hurricane Fiona’s 2022 battering of the East coast.…

Heavy rainfall prompting flooding News ClaimsClaims CanadaInsuranceMarkets / Coverages

Heavy rain causes flooding, damage in Newfoundland

April 9, 2024 by Sanuda Ranawake, Local Journalism Initiative Reporter, The Telegram – The Canadian Press

Heavy rain over the weekend brought a mix of localized flooding, washouts, and slides to much of the west coast of Newfoundland. In Lark Harbour, there were no washouts, but damage to houses, trails, and some roadways. For some residents…

Female medical practitioner reassuring a patient News AdjustersClaimsInsuranceLegalLegislation / Regulation

Court upholds Aviva’s travel deductible for trips to medical appointments

April 8, 2024 by David Gambrill

Newfoundland and Labrador’s Supreme Court has dismissed a proposed class action lawsuit against Aviva Canada and Aviva General Insurance Company over a discretionary travel deductible the insurer imposed on medical and rehab accident benefits expenses. Aviva imposed a 25-kilometre (round…


Podcasts
Events