Canadian Underwriter

Topic Commercial Auto

News BrokersCommercialCommercial AutoInsurersLoss ControlProperty

Tips for your clients to protect against cargo theft

October 20, 2021 by Jason Contant

If your clients are carrying cargo, they should take a comprehensive and layered approach to protecting these goods, a transportation expert from Travelers said recently. This comprehensive approach consists of three layers — good processes, procedures and practices; “hard security”

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The latest acquisitions from Westland and Hub

October 7, 2021 by Jason Contant

Large brokerages Westland Insurance Group Ltd. and Hub International Limited have both announced recent mergers and acquisitions activity. On Tuesday, Surrey, B.C.-headquartered Westland said it had acquired personal and commercial lines brokerage Insurance Unlimited in Mississauga, Ont. The following day,

News ClaimsCommercial AutoInsurersManitobaPersonal Auto

How much claims costs decreased for one insurer

September 30, 2021 by Jason Contant

Manitoba Public Insurance (MPI) is reporting a 27% decrease in claims costs in the first quarter of 2021 compared to a year ago, primarily as a result of less vehicles on the road due to the COVID-19 pandemic. Claims costs

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Where auto insurers are seeing the biggest profitability improvements

September 17, 2021 by Greg Meckbach

Canadian auto insurers saw both an increase in auto premiums and an improvement in their loss ratios in 2020, according to research from A.M. Best Company Inc. “Less miles driven translates into less frequency in auto losses,” A.M. Best director

looking up car insurance rates on a laptop
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RATESDOTCA acquires LowestRates.ca

September 14, 2021 by Jason Contant

Editor’s Note: This story has been updated to include information from RATESDOTCA.   Rate comparison site RATESDOTCA has acquired fellow aggregator LowestRates.ca. LowestRates.ca will continue to operate as a separate site and independent source of financial services information and rates,

News ClaimsClaims Canada ArchiveCommercial AutoInsurersLoss ControlLoss TrendsPersonal AutoRisk Managers

When your commercial auto client smells a rat

September 2, 2021 by Greg Meckbach

Tall grass and vegetation are not good choices for areas to park or store construction equipment, trucks, recreational vehicles, campers, trailers or trucks. This is because rodents tend to like tall grass, Northbridge Insurance warns. “If buildings, vehicles, and equipment

News ClaimsClaims Canada ArchiveCommercialCommercial AutoCyberPersonal Auto

How much Canadian insurers have lost on cyber liability so far in 2021

August 31, 2021 by Greg Meckbach

Private passenger personal accident insurers have experienced a loss ratio of nearly 70% so far in 2021, while the loss ratio for cyber liability is more than 100%. The federal Office of the Superintendent of Financial Institutions has posted the

News AdjustersB.C.ClaimsClaims Canada ArchiveClaims ProfessionalsCommercial AutoLegalPersonal Auto

Why this towing company is on the hook for $2,000 in damages

August 3, 2021 by Greg Meckbach

If your client dings another vehicle and informally offers $500 to the driver of the other vehicle, this does not limit your client’s liability to $500. This is one lesson from a British Columbia civil resolution tribunal ruling released last

News AlbertaB.C.BrokersClaimsClaims Canada ArchiveCommercial AutoInsurersLegalManagementNew BrunswickNewfoundland & LabradorNova ScotiaOntarioOperationsP.E.I.Personal AutoTechnology

Why many brokers need to change their auto quoting process

July 28, 2021 by Greg Meckbach

Many brokerages that use AutoPlus to obtain auto insurance quotes will likely have to change their processes over the next couple of months. AutoPlus’s vendor, CGI Group Inc., will start updating that online database product Aug. 13, says the Insurance

News B.C.ClaimsClaims Canada ArchiveCommercial AutoLegalLiabilityPersonal AutoRisk Managers

Why delivery company is liable for damage to parked car

July 9, 2021 by Greg Meckbach

If a commercial auto client is accused of causing damage to a third-party vehicle, the client could be harming its legal position if it fails to produce a statement from its own driver. United Parcel Service Canada Ltd. is on

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Insurers come out of COVID looking at AI-based claims tech

July 7, 2021 by Adam Malik

Now that the global pandemic has expedited the use of artificial intelligence in auto insurance claims processing, carriers are left with a simple choice, according to one industry AI expert — invest or be left behind. The promise of processing

News ClaimsClaims Canada ArchiveCommercial AutoEducationEmerging RisksLoss ControlLoss TrendsPersonal AutoTechnology

These highway features may encourage distracted driving

June 25, 2021 by Greg Meckbach

Medians and wide shoulders on highways could encourage distracted driving by giving drivers a false sense of security, transportation researchers suggest in a recent paper. “The combination and presence of a shoulder, median, higher speed limit, and extra lanes could