Canadian Underwriter

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…


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