Canadian Underwriter

Are SUVs getting too big to avoid serious accidents? News ClaimsInsuranceLegal

Will bigger vehicles lead to bigger claims?

February 23, 2024 by Philip Porado

With accident rates climbing, one growing area of concern is that vehicles are becoming much larger. For example, rapid changes in vehicle specs mean full-size SUVs from 1999 would today meet the gearhead moniker of ‘Cute Ute.’ With sport utility…

Sports Photographer in an empty stadium News ClaimsInsuranceLegalRisk

Sports insurers urged to consider video review

February 22, 2024 by David Gambrill

A legal firm urges sports insurers to require their sports association clients to install cameras to record the action, following the B.C. Court of Appeal’s January 2024 decision in Cox v. Miller. In Cox v Miller, the court found Karl…

Car thief attempting to break into a vehicle News ClaimsClaims CanadaInsurance

Federal government announces $15 million to combat car thefts across Canada

February 22, 2024 by The Canadian Press

MONTREAL – The federal government is committing an additional $15 million over three years to fight the rise in vehicle thefts across the country. Minister of Public Safety Dominic LeBlanc made the announcement yesterday in Montreal. LeBlanc said $9 million…

Electrical outlet on fire. News ClaimsInsurance

Managing insurer concerns about knob-and-tube wiring

February 21, 2024 by Brian Cook, PowerCheck

Most insurers see homes with knob-and-tube wiring, aluminum wiring, and 60-amp service as high-risk, which prevents clients with those systems from easily obtaining home insurance. But are wiring types and service levels really the culprits causing fires? I’ve examined electrical…

Toy auto mobile on top of a stack of note books and beside a spilled jar of coins News ClaimsInsuranceMarkets / Coverages

How Intact plans to approach auto pricing in 2024

February 21, 2024 by David Gambrill

Intact delivered a combined ratio of 94.7% in its auto insurance business in 2023, and the company expects to post a similar auto result in 2024 as well, Intact Financial Corporation CEO Charles Brindamour said today in a virtual fireside…

A fourplex destroyed by a wildfire at Sturgeon Lake Cree First Nation. News CatastrophesClaimsClaims CanadaInsurance

Warm and dry weather prompts Alberta to declare an early start to wildfire season

February 21, 2024 by The Canadian Press

EDMONTON – The Alberta government has declared an early start to the 2024 wildfire season in the face of low snowpacks and forecasts of dry weather to come. Alberta Forestry and Parks Minister Todd Loewen said Tuesday the season is…

Portrait of an agent consulting a mature couple at office News BrokersClaimsLegalLegislation / Regulation

Brokers needn’t advise new Canadians to obtain a provincial driver’s licence

February 20, 2024 by David Gambrill

Insurance brokers in B.C. aren’t required to advise clients new to Canada that they must apply for a provincial driver’s licence within 90 days of residency in the province, B.C.’s Civil Rules Tribunal has ruled. “I find that the duty…

Fraser River in British Columbia News ClaimsClaims CanadaInsuranceRisk

How insurers can help manage flood risk in Indigenous communities

February 20, 2024 by Jason Contant

Insurers need to play a greater role in helping to manage high-risk flood areas in Indigenous communities, a tribal chief said during the CatIQ Connect conference earlier this month. “At some point, you as insurers are going to have to…

Arrows are not targeted, Failure to attack the target. unsuccessful. News BrokersClaimsInsuranceLegislation / Regulation

CU Poll: Ontario’s DCPD auto reform widely viewed as a flop

February 16, 2024 by David Gambrill

Ontario’s property and casualty insurance professionals have widely panned the provincial government’s latest move to make mandatory Direct Collision Physical Damage (DCPD) coverage optional to reduce premiums. Canadian Underwriter conducted an online poll with more than 400 P&C professionals nationwide…

Busy restaurant that needs to be insured properly News BrokersClaimsInsurance

What brokers need to discuss with hospitality clients

February 16, 2024 by Philip Porado

Hospitality providers are gradually emerging from a pandemic-era slump that nearly scuppered the industry in 2020 and 2021. The new normal, though, means restaurateurs, venue owners and other businesses likely need to review their insurance coverages and consider some very specific…

COVID-19 hacker News ClaimsClaims CanadaEmploymentInsuranceMarkets / CoveragesTechnology

Inadequate security led to breach that compromised Canadians’ info: watchdog

February 16, 2024 by Jim Bronskill – The Canadian Press

OTTAWA – Government departments lacked adequate protections to fend off a “sophisticated and co-ordinated” cyberattack that compromised the sensitive information of tens of thousands of Canadians, the federal privacy watchdog has found. In a report tabled Thursday, privacy commissioner Philippe…

Snowplow clearing the streets News ClaimsClaims CanadaInsurance

Blizzard-like conditions expected in Newfoundland

February 15, 2024 by The Canadian Press

Schools in Newfoundland’s capital are closed today, due to the threat of inclement winter weather. The head office for NLSchools in St. John’s will be open, but officials say not until 11:00 a.m. local time. This week’s hazardous winter conditions…