Canadian Underwriter

Topic Commercial Auto

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News BrokersClaimsClaims Canada ArchiveCommercial AutoLiabilityLoss Trends

Two welcome commercial premium trends, post-pandemic

November 25, 2022 by Jason Contant

Gallagher in Canada is seeing some interesting premium trends in liability and commercial auto lines, now that pandemic restrictions are virtually non-existent.  Businesses such as restaurants were shuttered or faced restrictions throughout the peak parts of the pandemic, meaning that

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News AdjustersClaimsClaims ProfessionalsClaims TechnologyCommercialCommercial AutoConstructionHRLegalLiabilityManagementOperationsPersonal AutoPersonal HomeProperty

Does an immuno-compromised adjuster have to return to field work?

November 23, 2022 by The CIP Society, Insurance Institute of Canada

For almost three years, there’s been confusion around COVID-19 protocols. It’s made it hard for people to get on with their daily lives. An example of how these stresses burden our industry is illustrated in a dilemma faced by a

sea coast houses bracing for a hurricane
News BrokersCatastrophesClaimsClaims ProfessionalsCommercialCommercial AutoConstructionEnvironmentalInsurersLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Personal AutoPersonal HomePropertyQuebec

How hurricane losses will impact pricing and capacity

November 21, 2022 by Philip Porado

Watch for Hurricane Ian’s damage estimates of between US$50 billion and US$70 billion to made insurers more conservative about pricing and capacity, according to Aon’s global market insights for 2022 Q3. “As the full market impacts of Hurricane Ian materialize,”

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News BrokersCatastrophesCommercialCommercial AutoConstructionCyberInsurersLoss ControlLoss TrendsMGAsProperty

Covering larger risks? Why subscriptions may be the way of the future

November 18, 2022 by Philip Porado

As claims from Cat events and other external risks get larger, the simplest solution to cobbling together coverage might be a subscription approach that spreads risk and reduces individual insurers’ losses. “Subscribing the risk is better for the industry,” George

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News AlbertaB.C.BrokersClaimsCommercial AutoInsurersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.Personal AutoQuebecSaskatchewanYukon

Will inflation stop Canadians from buying winter tires?

November 17, 2022 by Alyssa DiSabatino

Even when faced with the rising cost of living, 82% of Canada’s motorists believe investing in winter tires is important, said a new survey by the Tire and Rubber Association of Canada (TRAC).  However, brokers will be interested to know

Truck on the highway
News BrokersCommercial AutoInsurersTechnology

Insurers urge trucking fleets to use telematics data more proactively

November 17, 2022 by David Gambrill

Insurance companies are looking for truck fleets to manage their telematics data more proactively through the development of individual driver scorecard programs. “Insurance companies expect that [trucking fleets] don’t just have the [telematics] technology, but they’re doing something with the

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News BrokersCommercialCommercial AutoConstructionCyberHRLegalManagementMergers and AqcuisitionsOperationsPersonal AutoPersonal HomePropertyTrusted Advisor

Three options for selling your brokerage

November 11, 2022 by Philip Porado

A consistent stream of property and casualty brokerage acquisition announcements over the past few years likely has a lot of brokerage owners thinking about how they’ll eventually exit the business. For most sales transactions, there are three basic options. One

Celyeste Power
News CommercialCommercial AutoHROperationsPersonal AutoPersonal HomePropertyTrusted Advisor

IBC announces new president and CEO

November 10, 2022 by Canadian Underwriter Staff

Celyeste Power will succeed retiring Insurance Bureau of Canada (IBC) president and CEO Don Forgeron at the end of 2022. Power, who takes over as president and CEO on January 1, 2023, is currently executive vice-president for strategic initiatives and

A man holding a pen sits in front of a clipboard with an insurance policy and three toy cars lined up atop it.
News BrokersCommercial AutoInsurersLegalManitobaPersonal Auto

Insurer ordered to plan for switch to primary driver model

November 9, 2022 by Alyssa DiSabatino

Manitoba Public Insurance (MPI) must now develop a five-year plan to switch from its registered driver model to a primary driver model for auto insurance pricing — after previously stating such a switch would create large rate dislocation and require

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News Commercial AutoPersonal AutoSupply ChainTechnology

Auto parts producers see supply chains improving but shutdowns still weigh

November 8, 2022 by Ian Bickis - THE CANADIAN PRESS

Canadian auto parts makers say the supply picture is improving and helping boost their bottom line, but disruptions continue to weigh on operations and profits. Magna International Inc. said Friday the picture has improved significantly from last year as global

A man wearing a blue jacket and orange pants charges an electric car
News BrokersClaimsCommercial AutoInsurersPersonal Auto

How supply chain is leading to repair challenges for electric vehicles

November 3, 2022 by Alyssa DiSabatino

The semiconductor chip shortage — a byproduct of the demand for advanced electric vehicle (EV) technology — has caused repair challenges for car rental services, says one expert at the Insurance Brokers Association of Ontario (IBAO) Convention in Toronto.  However,

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News BrokersCommercialCommercial AutoInsurersProperty

How Canada’s P&C market shifted in 2022

November 1, 2022 by Alyssa DiSabatino

Market conditions remain complex but are stabilizing as the industry approaches its last quarter this year, Aon’s 2022 Canadian Insurance Market Report found. Increased competition, along with positive underwriting results and loss activity, marks a transition from significantly challenged market