Canadian Underwriter

Topic Commercial Auto

Mara Elieser, whose husband kept a boat docked nearby, takes photos at the destroyed bridge leading to Pine Island, in the aftermath of Hurricane Ian in Spring Hill, Fla., Sunday, Oct. 2, 2022. The only bridge to the island is heavily damaged so it can only be reached by boat or air. (AP Photo/Gerald Herbert)
News AdjustersCatastrophesClaimsClaims ProfessionalsCommercialCommercial AutoConstructionEnvironmentalLoss ControlLoss TrendsPersonal AutoPersonal HomePropertyRisk ManagersSupply Chain

How Hurricane Ian will strain insurers’ capacity

October 3, 2022 by Philip Porado

Hurricane Ian’s Florida landfall last week and subsequent return to the Carolinas means it’s shaping up to be one of the costliest storms in U.S. history. But, while the storm that arrived on the heels of Hurricane Fiona caused massive

Flash in the pan
News BrokersCommercial AutoConstructionCyberInsurersMGAs

How reinsurers view the rise of MGAs: a flash in the pan, or sustainable?

October 3, 2022 by David Gambrill

Global reinsurers are looking at the current rise of managing general agencies (MGAs) with a critical eye, questioning whether the phenomenon will be long-lasting, or simply a fad rooted in a hard-market demand for capacity. “At the risk of sounding

Threads intertwining to represent mergers of eight companies
News AlbertaB.C.BrokersBusiness InterruptionCommercialCommercial AutoConstructionCyberEnvironmentalHRLegalLiabilityManitobaMergers and AqcuisitionsMGAsOntarioOperationsPersonal AutoPersonal HomePropertyTrusted Advisor

Which firm racked up 8 mergers over the summer?

September 28, 2022 by Canadian Underwriter Staff

Brokerage M&A has been hectic so far in 2022, with one firm bringing eight brokerages across Canada under its wing during the summer. Navacord today announced it closed eight acquisitions during July and August that expands the company’s presence in

Auto accidents illustrate the need to avoid distracted driving
News BrokersClaimsCommercial AutoInsurersOntarioPersonal AutoPersonal HomePropertyTrusted Advisor

Texting while driving, and 4 other things that boost clients’ premiums

September 27, 2022 by Canadian Underwriter Staff

Client sent a text while driving and got caught? A conviction for that infraction beyond the police fine can cost a driver a 70% premium hike when it’s time to renew, said a new study from RatesDotCa. The study was

Percentage signs going up the stairs to represent climbing interest rates
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How rising interest rates impact insurers’ investment decisions

September 23, 2022 by Philip Porado

Recent interest rate hikes aimed at curbing inflation, and the potential for more rate hikes next year, has the insurance industry keeping an eye on its investment returns. But while the transition from a low-interest-rate environment to a higher-rate environment

A memorial for the fatal Humboldt Broncos bush crash in Saskatchewan
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Appeal court removes injunction, allows Broncos bus crash lawsuit to proceed  

September 23, 2022 by The Canadian Press

REGINA – The Saskatchewan Court of Appeal has set aside a temporary injunction that halted a lawsuit filed by some parents of those who died in the Humboldt Broncos bus crash.   Sixteen people were killed and 13 were injured when

Old piece of machinery
News Business InterruptionClaimsCommercialCommercial AutoConstructionCyberInsurersLoss TrendsProperty

Why insurers are rethinking coverage for older machinery

September 22, 2022 by Alyssa DiSabatino

Aging machinery and equipment are historically slow to get replaced. Add supply chain disruptions into the mix, and businesses with equipment breakdown coverage could be waiting longer for replacement parts or products, said Doug Laurin, director of national energy and

Used car with for sale sign in window
News BrokersCommercial AutoEducationInsurersLoss ControlOntarioPersonal AutoPropertyTrusted Advisor

Brokers can help clients avoid purchasing stolen vehicles

September 19, 2022 by Philip Porado

One of the best things a broker can do for a client planning to buy a used car is to provide tips for making sure that vehicle isn’t stolen, said Bryan Gast, vice president of investigative services with Équité Association.

A man sits at a desk with a laptop and stack of papers while a line forms behid the first person he's serving
News BrokersClaimsClaims TechnologyCommercialCommercial AutoEmerging RisksInsurersPersonal AutoPersonal Home

Industry hasn’t done a great job of service: broker execs

September 16, 2022 by Alyssa DiSabatino

The Canadian P&C industry hasn’t done a great job of service, says one industry CEO in an executive panel discussion at RIMS Canada Conference in Halifax.  What’s the good news? The industry can meet and maintain service levels through collaborative

Big rig trucks parked in a fleet facility
News BrokersCommercialCommercial Auto

Why rig-handling analytics are now key for brokers insuring trucking firms

September 14, 2022 by Jason Contant

Supply chain challenges, shrinking capacity, electrification of vehicles and better data management are among the pressures facing transportation clients, said Canada’s largest insurer. “You can’t be a specialist in transportation in the insurance field if you don’t really understand the

Is Canada going into recession?
News BrokersCatastrophesClaimsCommercialCommercial AutoConstructionInsurersLoss ControlPersonal AutoPersonal HomeProperty

Lessons from COVID-19 will help brokers get clients through a recession

September 9, 2022 by David Gambrill

If a long-predicted recession comes to pass, brokers will need to stay close to their clients’ changing needs. But in some ways, commercial insurance brokers have gained an advantage from the discipline developed while navigating their clients through COVID-19. Those

Recall painted in yellow on a roadway to represent an auto recall
News ClaimsCommercial AutoInsurersLiabilityLoss ControlPersonal AutoPersonal HomePropertyTrusted Advisor

Fire-risk recall may give brokers opportunity to contact auto clients

August 25, 2022 by Philip Porado

A recall of two late-model SUV models by Hyundai Motor America and Kia America was amplified by a consumer alert from the U.S. National Highway Traffic Safety Administration (NHTSA) in Washington. The issue involves a tow hitch, sold as a