Canadian Underwriter

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…

Cyber graphic of an arrow pointing upward News CatastrophesClaimsCommercial LinesInsurance

Cats scratch Intact’s bottom line in 2023

February 14, 2024 by Alyssa DiSabatino

Intact Financial Corporation (IFC) has reported elevated catastrophe losses in 2023, raising its combined operating ratio (COR) by 4.3 points since 2022. “The past year has been challenging for society, particularly in the face of numerous natural disasters,” said Charles…

Electronic filing cabinet concept News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / CoveragesTechnology

Toronto cyberattacks show public bodies need to boost security, experts say

February 14, 2024 by Maan Alhmidi – The Canadian Press

As the Toronto Public Library gradually works to restore full service following a crippling October cyberattack, experts are warning that public organizations need to find ways to bolster their ransomware defences, despite having limited resources. A few months after the…

Flooded homes following torrential rainfall News CatastrophesClaimsClaims CanadaClimate ChangeInsuranceMarkets / Coverages

Are your clients adding water endorsements to home policies?

February 14, 2024 by Jason Contant

An increasing number of your clients are expressing interest in water endorsements on home insurance policies, according to data from rate aggregator Rates.ca’s home insurance quoter. The rate comparison website found 36% of all home insurance quotes on the tool…

Electric vehicle charging in the street News ClaimsInsuranceLegislation / RegulationTechnology

Expect more total losses with electric vehicles: report

February 13, 2024 by David Gambrill

Canadian auto insurers can expect to write off electric vehicles (EVs) rather than try to repair their expensive, damaged batteries, says a report by Morningstar DBRS. “The most expensive component of an EV is the battery, often embedded in the…

Building demolished by an earthquake, Christchurch, New Zealand News BrokersClaimsCommercial LinesInsuranceMarkets / Coverages

The post-pandemic broker E&O trend, and how to prevent it

February 13, 2024 by Alyssa DiSabatino

Many clients’ commercial property limits aren’t being adjusted for inflation, and that’s unduly exposing brokers to errors and omissions (E&O) claims, one commercial litigation lawyer observed.  Inflationary increases are typically applied to all building values upon renewal. The problem is,…

E-scooter accidents are going to cause problems for Canadian cities because of vague insurance rules and lax enforcement. News ClaimsInsuranceLegal

Lax e-scooter insurance spells trouble for Canadian municipalities

February 12, 2024 by Philip Porado

Based on what’s taking place in other jurisdictions, lawsuits over accidents involving e-scooters will likely rise in Canada – particularly in Alberta, British Columbia and Ontario, where some municipalities permit their use on public streets, park trails, or sidewalks. Municipalities…

Construction of the Trans Mountain pipeline News ClaimsClaims CanadaCommercial LinesConstructionInsurance

Regulator calls out Trans Mountain for ‘environmental non-compliance’ in B.C.

February 12, 2024 by The Canadian Press

CALGARY – The company building the Trans Mountain pipeline expansion has been cited for environmental non-compliance related to its management of recent flooding in B.C. The Canada Energy Regulator said Thursday its inspection officers found issues near Abbotsford, B.C., where…

Policeman putting handcuffs on young criminal's hands at night. News ClaimsInsuranceLegislation / Regulation

National auto theft summit comes and goes: what comes next?

February 9, 2024 by David Gambrill

The National Summit on Combatting Auto Theft ended in Ottawa yesterday with a commitment to develop a detailed plan to be released in “winter.” The Government of Canada convened the meeting between government officials of all levels, industry leaders —…

Totalled car News BrokersClaimsInsurance

What high interest rates mean when clients’ cars get totalled

February 9, 2024 by Philip Porado

Ongoing economic problems — including rising prices, high interest rates and stagnant wages — are creating problems for some insureds whose cars get totalled. The situation’s most acute for clients who experienced financial problems during the pandemic and bought used…

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

Alberta to add firefighters for expected busy wildfire season: minister

February 9, 2024 by Bob Weber – The Canadian Press

Alberta will field more firefighters, more volunteers and more high-tech gear as it braces for what it expects will be another busy wildfire season, the province’s forestry minister said Thursday. And as the province faces a summer of possibly severe…

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When the national earthquake early warning system goes live

February 8, 2024 by Jason Contant

Canada’s national earthquake early warning system is expected to go live in British Columbia in April followed by Ontario and Quebec this fall, a program manager for the federal government told delegates at CatIQ Connect Wednesday. The system works by…


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