Canadian Underwriter

Topic Claims

Beach chair and umbrella in the sun.
News BrokersClaimsInsurersTrusted Advisor

Do younger Canadians planning vacations value travel insurance?

February 2, 2023 by Canadian Underwriter Staff

Making up for the inability to travel during the pandemic is top of mind for 70% of Canadian millennials, who told an Allianz Global Assistance survey conducted by Ipsos they’ll be taking a vacation this year. Of those saying they’ll

The Coastal GasLink pipeline under construction.
News B.C.ClaimsCommercialConstructionInsurersLiability

Unexpected construction issues, rising labour costs increase pipeline cost to $14.5 billion

February 1, 2023 by Amanda Stephenson - THE CANADIAN PRESS

CALGARY – The estimated cost of the Coastal GasLink pipeline has increased by 29 per cent to $14.5 billion, as the company behind the project continues to be dogged by unexpected construction issues and rising labour costs. Calgary-based TC Energy

Pat Tomlinson
News BrokersClaimsHRRisk Managers

Marsh McLennan names CEO for U.S. and Canada

February 1, 2023 by David Gambrill

Pat Tomlinson has been named U.S. and Canada CEO of Marsh McLennan, the company announced Wednesday. Flavio Piccolomini has been named International CEO. Together, Tomlinson and Piccolomini will lead a new collaborative effort by the company to serve clients across

Five Islands Lighthouse in Nova Scotia
News ClaimsLegalLiabilityNova ScotiaProperty

Lawsuit over fall at historic Nova Scotia lighthouse allowed to proceed

January 31, 2023 by Keith Doucette - THE CANADIAN PRESS

HALIFAX – An American tourist who alleges she was injured in a fall at Nova Scotia’s historic Five Islands Lighthouse in July 2017 can proceed with her lawsuit, a Nova Scotia judge has ruled. Mary Riddle of Pennsylvania is suing

Earthquake seismograph pattern
News B.C.CatastrophesClaimsEmerging RisksInsurersPersonal AutoPersonal HomeProperty

What a Canadian public earthquake backstop might look like

January 31, 2023 by David Gambrill

A federal government backstop designed to help private insurers cover high-risk flooding could be extended to protect Canadians from earthquake risk as well, Canada’s home, car and business insurers suggested in a release Tuesday. Meanwhile, in the absence of a

Man getting into a rental car after a collision claim
News ClaimsClaims ProfessionalsClaims TechnologyCommercial AutoInsurersPersonal Auto

Length of car rental for collision claims keeps getting higher

January 31, 2023 by Alyssa DiSabatino

Auto insurers can expect their policyholders’ average length of rental (LOR) for collision-related claims to reach 17.1 days — an increase of 4.3 days from the prior year and 0.6 days from Q3, Enterprise’s 2022 Q4 data shows.  “While the

Woman in a cast filling out an application form
News ClaimsInsurersLegalOntarioPersonal Auto

Claimant can’t resume auto AB payments after 13 months on the job

January 30, 2023 by David Gambrill

A New Brunswick woman injured in an auto accident is not entitled to resume her accident benefits payments 13 months after returning to work, the province’s top court has ruled. New Brunswick’s Court of Appeal sided with her auto insurer,

Toronto, Canada - August 15, 2016: People Crossing King Street at Yonge, Downtown Toronto, Ontario, Canada. Streetcar and pedestrians during afternoon rush hour in the Financial District, Downtown West neighbourhood.
News BrokersClaimsCommercial AutoInsurersPersonal Auto

Is inflation affecting how policyholders drive?

January 30, 2023 by Alyssa DiSabatino

Insurers had predicted consumer driving habits would return to pre-pandemic levels during 2022, or 2023 at the latest, but inflation may be throwing a wrench in those forecasts, said a recent industry survey.  Almost half (48%) of Canadians have made

News B.C.BrokersCatastrophesClaimsEnvironmentalInsurersLoss Control

Meteorologist explains why future NatCat claims won’t get any better

January 27, 2023 by Alyssa DiSabatino

As the climate warms, even predictable weather patterns — like El Niño and La Niña, which are affected by rising sea temperatures — are changing alongside the climate, a weather expert warns.  And that could mean more frequent and severe

Dangling car key in front of a car
News ClaimsInsurersLegalLiabilityOntarioPersonal Auto

Borrowing cars and implied consent: When ‘No’ doesn’t mean ‘No.’

January 27, 2023 by David Gambrill

If a friend asks you to borrow your rental car, sometimes saying ‘No’ doesn’t actually mean ‘No.’ An auto repair shop owner in Ontario was held vicariously liable last Wednesday for an auto accident injury caused after his friend, who

Calculator, charts and documents for financial analysis
News ClaimsInsurers

Why 2022 industry results could be one for the record books

January 27, 2023 by Jason Contant

Historically good underwriting combined with historically bad investment results have made the Canadian P&C industry’s 2022 Q3 financial results unique, per the latest quarterly report from the Property and Casualty Insurance Compensation Corporation (PACICC). The decline in investment returns is

Broker standing in front of a series of doors, representing choices.
News BrokersClaimsCommercialCyberInsurersLegalTrusted Advisor

Does your client need D&O or an ancillary coverage?

January 26, 2023 by Philip Porado

While directors and officers (D&O) insurance is designed to cover individuals and corporate assets on the broadest threat level, certain exposures may require separate, dedicated policies focused on specific risks. When claim scenarios are investigated, it may become clear a