Canadian Underwriter

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…

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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…

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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…

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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…

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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…

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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…

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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…

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‘Atmospheric river’ could bring 300 millimetres of rain to parts of southern B.C.

January 26, 2024 by The Canadian Press

Officials in B.C. are warning of heavy rainstorms for the South Coast region starting on Saturday.  Environment and Climate Change Canada says West Vancouver Island and the Coast Mountains could receive up to 300 millimetres of rain over five days,…

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Why personal property results should concern insurers

January 26, 2024 by Jason Contant

Even though overall financial results for the Canadian P&C insurance industry were only slightly worse in 2023 compared to the previous year, personal property lines should raise concerns for underwriters, according to a new report from the Property and Casualty…

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How accident claims hit rideshare drivers’ personal auto policies

January 26, 2024 by Philip Porado

There seems to be a disconnect between drivers and their insurers about the ability to access personal auto coverage when driving for food delivery or rideshare companies like Uber, Lyft and others. While there’s no hard data to quantify a…

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How cyber pricing is trending for large Canadian companies

January 25, 2024 by Jason Contant

Large corporate cyber clients in Canada saw pricing decreases last year and one cyber underwriter expects the market for those risks will flatten out in 2024. “In 2023, we did see some fairly significant softening in the market; prices were…

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P&C insurance industry launches collective recruitment effort

January 25, 2024 by David Gambrill

Canada’s property and casualty insurance industry has launched a collaborative, industry-wide recruitment effort dubbed Project Reframe. Announced by the Insurance Institute of Canada (IIC) Monday, the public education campaign aims to portray the insurance industry as an engaging, dynamic, and…


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