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Canadian auto and property insurance rates headed in opposite directions

February 1, 2021 by Jason Contant

Average personal auto premium rates in Canada decreased 2.6% in 2020 Q4 compared to the same period in 2019, but some provinces did see an increase, according to the latest results from Applied Systems’ premium rate index. On average, both

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How airlines can be exposed to personal injury lawsuits

January 27, 2021 by Greg Meckbach

Slips and falls are not just an exposure for property managers and landlords. They are also a concern for aviation insurers. “Generally, aviation insurers are exposed to liability claims from passengers both while they are inside the airplane and also

News AdjustersAlbertaBrokersClaimsClaims ProfessionalsCommercialInsurersLegal

Court sides with condo insurers that used the wrong policy to deny a $4.4-million water damage claim

January 20, 2021 by David Gambrill

Six subscription policy insurers that denied coverage to a condo corporation in a $4.4-million water damage claim — a denial based on reference to the wrong policy — have had the matter tossed out of court. The Court of Queen’s

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The role of digital transformation in Westland’s acquisition strategy

January 14, 2021 by Jason Contant

Expanded opportunities for digital transformation are one of the key reasons behind Westland Insurance Group Ltd.’s recent acquisition of Storm Insurance Group, Westland told Canadian Underwriter Tuesday. British Columbia-based Westland closed its acquisition of Storm Jan. 7. Storm operates under

News AlbertaCatastrophesClaimsInsurersLoss TrendsOntario

$2 billion is the new $1 billion for insured Canadian NatCat events

January 5, 2021 by Jason Contant

Insured losses from natural catastrophes in Canada totalled nearly $2.5 billion last year, Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ) reported Monday. “The years where annual catastrophic insured losses were below $1 billion seem to be a thing of the

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What brokers need to do to place hospitality coverage

December 16, 2020 by Greg Meckbach

When it comes to the hospitality sector, insurers’ risk appetites are constantly changing and underwriters are especially concerned about clients who get most of their revenue from alcohol, a managing general agent reports. “A broker has to spend a lot

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‘Expensive, extreme:’ Environment Canada releases annual Top 10 weather stories list

December 16, 2020 by Bob Weber - THE CANADIAN PRESS

It was another year of record-breaking disasters and crazy, dangerous weather from coast to coast, says Environment Canada’s senior climatologist. A vicious hailstorm in Calgary wrote off more cars than Albertans normally buy in an entire year. Heat in Ontario

News AlbertaB.C.BrokersEmerging RisksEnvironmentalManitobaPropertySaskatchewan

Western broker: Don’t chop off the head of oil industry

December 9, 2020 by Greg Meckbach

Although the impact of carbon emissions on climate is a major concern for carriers, western Canadian brokers are concerned about efforts to reduce Canada’s reliance on oil and gas. “Oil and gas is not going away any time soon, and

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Alberta’s top court dismisses appeal of Edmonton man convicted in road rage attack

December 9, 2020 by Daniela Germano - THE CANADIAN PRESS

EDMONTON – An Edmonton man sentenced to 3-1/2 years in prison for breaking a woman’s arms with a crowbar in a road-rage attack has lost an appeal of his conviction. Jared Eliasson was granted bail in December 2019, moments after

News AdjustersAlbertaCatastrophesClaimsClaims ProfessionalsInsurersPersonal HomeProperty

Fort McMurray residents still cleaning, considering options after spring flooding

December 8, 2020 by The Canadian Press

FORT MCMURRAY, Alta. – More than seven months ago, Cora Dion and her husband fled Fort McMurray for the second time in four years as a spring flood threatened their home in northern Alberta. They returned to a soggy mess

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End of the line for Intact’s bid to appeal frozen food spoilage coverage dispute

December 7, 2020 by Greg Meckbach

A Supreme Court of Canada decision released Thursday means Intact Insurance has to defend two lawsuits against a client that operates a cold storage warehouse. Clauson Cold & Cooler Ltd. had a “Commercial Edge Express Plus” policy with Intact. In

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Editorial: Regulators, leave subscription policies alone

December 7, 2020 by David Gambrill

When it comes to regulating “Best Terms Pricing” in Canada, Canadians, politicians and insurance regulators be forewarned: Be careful what you wish for. Banning the practice in a hard commercial lines market could wind up making things worse for consumers,