Canadian Underwriter

Topic Commercial Auto

Professional truck driver driving truck vehicle going for a long transportation route.
News CommercialCommercial AutoInsurers

How new commercial truck drivers can get better insurance rates

April 11, 2024 by David Gambrill

Mandatory entry-level training (MELT) for new commercial truck drivers needs to be implemented across Canada, and trucking companies must follow this up with mentorship and onboarding programs, a new report commissioned by the Insurance Bureau of Canada recommends. Plus, safety

Brokers need to streamline processes to get clients covered efficiently.
News BrokersCommercialCommercial AutoConstruction

3 building blocks for using new commercial lines tech

April 11, 2024 by Steve Whitelaw, Applied Systems Canada

Technological breakthroughs in commercial lines are helping brokers win over Canadian business owners seeking insurance coverage. Brokers can do three things to stand out in this crowded, competitive market. They can standardize their data capture, simplify their quoting and submission

Three white trucks in a convoy on an interstate highway
News AlbertaClaimsCommercial AutoLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.

Why insurers urge better training for new commercial truck drivers

April 10, 2024 by David Gambrill

An urgent need exists for more comprehensive training of new commercial truck drivers, says a new report commissioned by the Insurance Bureau of Canada. “Canada’s trucking sector is critical to the success of our economy, transporting over 90% of all

Semi-truck at a storage warehous
News BrokersCommercialCommercial AutoInsurersLoss Control

How insurers verify truck fleet sizes before insuring them

April 3, 2024 by Alyssa DiSabatino

Commercial truck fleets trying to get more favourable insurance rates by only reporting the trucks on the road, and not the ones on their lots, might find themselves outwitted by the industry’s scrutiny, sources tell Canadian Underwriter.  But whether due

Carbon tax protesters on the Trans Canada highway near Cochrane, Alta.
News AlbertaCommercial AutoEnvironmentalPersonal AutoSupply Chain

Police investigate multi-tractor crash as carbon-levy protests continue in Alberta

April 3, 2024 by The Canadian Press

Mounties in Alberta say they’re keeping traffic moving on the Trans-Canada Highway despite a roadside carbon-levy protest, and say five large farm tractors have already caused a multi-vehicle crash. Protesters slowed traffic on the Trans-Canada just west of Calgary on

Quebec taxi driver protesting new government regulations.
News Commercial AutoLegalQuebec

Class-action lawsuit by taxi drivers against Quebec government begins

April 2, 2024 by Jacob Serebrin – The Canadian Press

A trial opens Tuesday in a class-action lawsuit accusing the Quebec government of wiping out hundreds of millions of dollars in the value of taxi permits by allowing ride-hailing company Uber to operate and then by abolishing the permit system.

Person handing a stack of money toward the camera as a form of insurance salaries
News AlbertaB.C.BrokersCommercialCommercial AutoInsurersManitobaOntarioPersonal AutoPersonal HomeQuebecSaskatchewan

What commercial and personal lines brokers make in 2024

March 18, 2024 by Alyssa DiSabatino

Across the country, commercial lines P&C broker executives and commercial lines team leads make more money on average than their personal lines counterparts, Impact Recruitment’s newest data shows.  The second iteration of Impact’s annual Insurance Salary Guide shows base pay

Rideshare driver calls his insurance company after a minor accident
News BrokersClaimsCommercial AutoEmerging RisksLoss TrendsPersonal Auto

Brokers: how to advise rideshare drivers on their deductibles

March 15, 2024 by Philip Porado

Drivers working for rideshare and delivery companies must be careful when setting deductibles on personal auto coverage. And they need to make sure their personal insurers know they’re doing rideshare work and carry the appropriate endorsements. A lot of drivers

Woman holding an auto key. The steering wheel and dashboard are in the background.
News BrokersCommercial AutoEducationInsurersPersonal Auto

What the P&C industry should tell clients about preventing auto theft

March 5, 2024 by Alyssa DiSabatino

While the federal government is chipping away at a plan to combat auto theft nationwide, P&C professionals can advise their clients now to help them protect their vehicles, experts said during a Canadian Underwriter webinar last week.  “We call it

Toy auto mobile on top of a stack of note books and beside a spilled jar of coins
News Commercial AutoInsurersLoss TrendsPersonal Auto

How Intact plans to approach auto pricing in 2024

February 21, 2024 by David Gambrill

Intact delivered a combined ratio of 94.7% in its auto insurance business in 2023, and the company expects to post a similar auto result in 2024 as well, Intact Financial Corporation CEO Charles Brindamour said today in a virtual fireside

Arrows are not targeted, Failure to attack the target. unsuccessful.
News BrokersClaimsCommercial AutoOntarioPersonal Auto

CU Poll: Ontario’s DCPD auto reform widely viewed as a flop

February 16, 2024 by David Gambrill

Ontario’s property and casualty insurance professionals have widely panned the provincial government’s latest move to make mandatory Direct Collision Physical Damage (DCPD) coverage optional to reduce premiums. Canadian Underwriter conducted an online poll with more than 400 P&C professionals nationwide

Creating long-term value within your client base
News BrokersCommercialCommercial AutoInsurersManagementOperationsPersonal AutoPersonal Home

Making clients valuable to your brokerage for the long term

February 15, 2024 by Adam Mitchell

When it comes to ensuring clients have the right products and coverage levels, life insurance brokers are doing things much better than personal lines brokers. But there’s no reason the P&C industry can’t operate at that level. You can’t sell