Canadian Underwriter

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It’s not always wise to base coverage solely on clients’ balance sheets

September 16, 2022 by David Gambrill

Less than one-quarter of Canadian businesses have trade credit insurance, which protects their receivables against buyer default and bankruptcies, but Intact Insurance predicts that market penetration is likely to change as the pace and size of interest rate hikes could…

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Industry hasn’t done a great job of service: broker execs

September 16, 2022 by Alyssa DiSabatino

The Canadian P&C industry hasn’t done a great job of service, says one industry CEO in an executive panel discussion at RIMS Canada Conference in Halifax.  What’s the good news? The industry can meet and maintain service levels through collaborative…

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Power restored to Jasper, Alta., after national park wildfire caused outage days ago

September 15, 2022 by The Canadian Press

JASPER, ALBERTA – Parks Canada welcomed visitors back to Jasper National Park Wednesday after power was restored to the townsite that was knocked out by a wildfire north of the community earlier this month.   “With the restoration of transmission power…

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Who’s at fault in caution light crashes?

September 12, 2022 by David Gambrill

Canada’s dreaded amber light: it’s the source of numerous intersection crashes, resulting in untold insurance claims. If you are dispensing driver safety tips to clients, be sure to tell your insureds to watch out when turning left against yellow caution…

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Wildfire smoke continues to blanket parts of B.C., improves slightly over Vancouver

September 12, 2022 by The Canadian Press

Air quality has improved slightly over Metro Vancouver but remains at very unhealthy levels in several other regions as wildfire smoke blankets large sections of British Columbia. Environment Canada is maintaining air quality statements for areas from the Peace River…

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Lessons from COVID-19 will help brokers get clients through a recession

September 9, 2022 by David Gambrill

If a long-predicted recession comes to pass, brokers will need to stay close to their clients’ changing needs. But in some ways, commercial insurance brokers have gained an advantage from the discipline developed while navigating their clients through COVID-19. Those…

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Promise to insure trumps cross-indemnification, court rules

September 8, 2022 by David Gambrill

In a commercial hull and machinery insurance policy containing cross-indemnities, a promise to insure by one party trumps the indemnity by the other unless the contract clearly states otherwise, B.C.’s Supreme Court has ruled in a case involving two separate…

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Commercial insurer, brokerage granted right to a jury trial in marine claim

September 7, 2022 by David Gambrill

A B.C. commercial fishing operation must face a jury in its insurance claim against Intact Insurance and the brokerage Harlock Murray Underwriting Ltd., B.C.’s Supreme Court has ruled. The court was not convinced the claim of Arctic Pearl Fishing Ltd.,…

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Insurer urges lessons for driving in school safety zones

September 7, 2022 by Alyssa DiSabatino

Dangerous driving in school zones is a common occurrence, especially during back-to-school time, according to a survey by the British Columbia Automobile Association (BCAA). Eighty per cent of those surveyed said they’ve witnessed speeding in school zones, while 77% have…

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How insurers can trim their environmental remediation costs

September 6, 2022 by Alyssa DiSabatino

Insurers can trim their environmental remediation costs by shopping around for more than one site estimate, recommends Lori Festarini, environmental director at Charles Taylor. That may involve getting technical support or peer-reviewed cost estimates, she elaborates. “One way of managing…

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Aviva wins appeal regarding EI deductions from IRB benefits

September 6, 2022 by David Gambrill

Aviva Canada successfully appealed a tribunal decision that called for the insurer to pay full auto insurance income replacement benefits (IRB), with no deduction, on top of the sickness benefits she was already receiving under the Employment Insurance Act (EIA).…

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Brokers: These tips can help clients avoid getting their cars stolen

September 2, 2022 by Philip Porado

Car thefts are rising globally, driven by supply chains problems that have squelched car makers’ access to key components, and pushed up prices for both new vehicles and the parts needed to fix cars already on the road. In Europe…