Canadian Underwriter

Lithium-ion batteries are proving to be serious fire hazards News ClaimsInsuranceLegal

Lithium-ion batteries leading to deadly fires – and lawsuits

February 5, 2024 by Philip Porado

Canadian property and casualty insurers may need to review their exposure to e-scooter claims, based on fresh claims emerging in the courts. A Vancouver woman is suing several makers of e-bikes and e-scooters following an apartment fire in 2022 in…

Much of Nova Scotia paralyzed following snowstorm News ClaimsClaims CanadaInsurance

Emergency declared in Cape Breton as snowstorm leaves much of Nova Scotia paralyzed

February 5, 2024 by The Canadian Press

HALIFAX – A local state of emergency remains in effect in parts of Cape Breton as Nova Scotia digs out from one of the heaviest snowfalls in 20 years. On Sunday afternoon, as a stalled low-pressure system continued to dump…

Sign prohibiting e-scooters News ClaimsInsuranceLegalMarkets / CoveragesTechnology

Who’s on the hook if e-scooter riders hurt pedestrians?

February 2, 2024 by Philip Porado

Many consumers facing sharply rising prices for automobiles, gasoline, and auto insurance are looking to save a buck by switching from four wheels to two. Electric standup scooters powered by small motors have become popular with people looking to get…

Grouse Mountain in Vancouver News ClaimsClaims CanadaClimate ChangeInsurance

B.C. ski resorts shut as warm, wet weather strips mountains of snow

February 2, 2024 by The Canadian Press

VANCOUVER – All three of Metro Vancouver’s local ski hills are closed for a second day at what should be the peak of the season, as a spate of warm, wet weather strips mountains bare. Grouse Mountain and Mount Seymour…

Close-up of an insurance policy News ClaimsClaims CanadaCommercial LinesEmploymentInsuranceMarkets / CoveragesProfessional Development

KPMG buys insurance claims practice

February 2, 2024 by Jason Contant

Professional services firm KPMG in Canada has purchased an insurance claims practice that offers income replacement benefit and related calculations, as well as commercial loss claims calculations for insurance companies and their customers. The acquisition of the claims practice of…

Burnt out trucks from a wildfire in Drayton Valley, Alta. in May 2023 News CatastrophesClaimsClaims CanadaClimate ChangeInsurance

Alberta fire chiefs want provincial wildfire plan released before season begins

February 1, 2024 by The Canadian Press

EDMONTON – Alberta’s fire chiefs are “urgently” asking the provincial government to explain how it’s getting ready for the upcoming wildfire season and to release its preparedness strategy.  “There is a growing concern among fire chiefs across the province of…

City taxi at night News BrokersClaimsInsuranceMarkets / CoveragesRisk

How one brokerage is making good risks out of its urban taxi clients

January 31, 2024 by Alyssa DiSabatino

With its taxi clients left in the lurch from insurer market withdrawals, one regional brokerage ventured to improve taxi fleet safety. After conducting research and leveraging data, CMB Insurance Brokers developed a loss program using telematics to ensure its clients…

Cloud computing and global cyberattack concept News ClaimsClaims CanadaInsuranceMarkets / CoveragesReinsuranceRiskTechnology

Why systemic cyber remains an industry risk

January 30, 2024 by Jason Contant

Editor’s Note: An earlier version of this article said that CFC established the cyber monitoring centre when in fact they were the driving force behind its establishment. As well, the article implied that the centre has a link to insurance…

Secure receiving and sending of messages News ClaimsLegal

Why the court denied an auto insurer’s ‘shockingly intrusive’ motion

January 30, 2024 by David Gambrill

Editor’s Note:  The Ontario Superior Court decision incorrectly identified the auto insurer in this case as Echelon Insurance. Echelon has contacted Canadian Underwriter to confirm it has reached out to the court to correct the public record and it did…

Business calculations News ClaimsClaims CanadaInsurance

Regulator revokes healthcare provider licence for insurance fraud 

January 29, 2024 by Jason Contant

Ontario’s financial services regulator has revoked the healthcare service provider licence of a Markham clinic and imposed administrative penalties against the clinic and two individuals in connection with fraudulent billing practices.  The Financial Services Regulatory Authority of Ontario (FSRA) revoked…

School bus during a snow day News ClaimsClaims CanadaInsurance

Snowstorm forces cancellations in Nova Scotia and eastern Newfoundland

January 29, 2024 by The Canadian Press

HALIFAX – Most schools across Nova Scotia are closed today after an overnight snowstorm moved into the province and headed to eastern Newfoundland. Snowfall warnings are in effect for Nova Scotia’s Atlantic coast from Yarmouth in the south to Sydney…

Female leader mountain climber is celebrating her success and watching the beautiful scenery of forest and mountain range News AnnouncementsBrokersClaimsInsuranceMarkets / Coverages

Home, auto rate increases in 2023 “highest…seen in years.”

January 26, 2024 by David Gambrill

Canadian auto insurance rates increased 10% in 2023 compared to 2022, and similarly home insurance rates saw an increase as well — up 6.6% last year, according to the latest release of the Applied Rating Index. “The close of 2023…