Topic Claims
B.C. ski resorts shut as warm, wet weather strips mountains of snow
February 2, 2024 by The Canadian PressVANCOUVER – All three of Metro Vancouver’s local ski hills are closed for a second day at what should be the peak of the season, as a spate of warm, wet weather strips mountains bare. Grouse Mountain and Mount Seymour…
KPMG buys insurance claims practice
February 2, 2024 by Jason ContantProfessional services firm KPMG in Canada has purchased an insurance claims practice that offers income replacement benefit and related calculations, as well as commercial loss claims calculations for insurance companies and their customers. The acquisition of the claims practice of…
Alberta fire chiefs want provincial wildfire plan released before season begins
February 1, 2024 by The Canadian PressEDMONTON – 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…
How one brokerage is making good risks out of its urban taxi clients
January 31, 2024 by Alyssa DiSabatinoWith 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…
Why systemic cyber remains an industry risk
January 30, 2024 by Jason ContantEditor’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…
Why the court denied an auto insurer’s ‘shockingly intrusive’ motion
January 30, 2024 by David GambrillEditor’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…
Regulator revokes healthcare provider licence for insurance fraud
January 29, 2024 by Jason ContantOntario’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…
Snowstorm forces cancellations in Nova Scotia and eastern Newfoundland
January 29, 2024 by The Canadian PressHALIFAX – 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…
Home, auto rate increases in 2023 “highest…seen in years.”
January 26, 2024 by David GambrillCanadian 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…
‘Atmospheric river’ could bring 300 millimetres of rain to parts of southern B.C.
January 26, 2024 by The Canadian PressOfficials 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,…
Why personal property results should concern insurers
January 26, 2024 by Jason ContantEven 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…
How accident claims hit rideshare drivers’ personal auto policies
January 26, 2024 by Philip PoradoThere 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…