Canadian Underwriter

Topic Commercial Auto

Tow truck towing a vehicle on a two-lane highway
News Commercial AutoInsurersOntario

Positives emerging from the crack-down on tow truck turf wars

June 10, 2022 by Jason Contant

Despite recently-withdrawn charges related to violent tow truck turf wars across the Greater Toronto Area, the investigation resulted in many positives, including regulatory change, says Équité Association. In 2021, Équité Association’s investigative services team supported the York Regional Police’s far-reaching

House being lifted away by balloon.
News ClaimsCommercialCommercial AutoConstructionLoss ControlLoss TrendsPersonal AutoPersonal HomeProperty

Remember 1970s stagflation? Why insurers should pay attention to the World Bank

June 7, 2022 by Philip Porado

Lingering impacts of COVID-19 and Russia’s invasion of Ukraine have magnified a global economic slowdown and raised the risk of stagflation – in which long-term, feeble growth combines with high inflation – the World Bank says in its latest prospects

Aerial view of semi-trucks on a highway
News Commercial AutoInsurersLiabilityNova Scotia

Facility’s new approach to prevent truckers from “gaming the system”

June 6, 2022 by David Gambrill

Nova Scotia has approved Facility Association’s approach to rating commercial auto in a way that trucking operators cannot “game the system” and get Nova Scotia’s lower premium rates when they drive more extensively in other Canadian provinces. Essentially, a “surcharge

semi-truck at night
News CommercialCommercial AutoInsurersLegalOntario

The insurance policy clause that saved this self-insurer

June 2, 2022 by David Gambrill

Clean Harbors Canada, one of largest hazardous waste haulers in North America, is not on the hook to pay the cost of first-party fire damage to a truck owned and operated by one of its contractors, an Ontario court has

elevated view of two cars in an accident. Bottom left car is flipped over, while the top right car is damaged badly in the front hood.
News AlbertaClaimsCommercial AutoInsurersPersonal Auto

Update on how Canada’s newest DCPD regime is doing

May 30, 2022 by Alyssa DiSabatino

Alberta’s transition toward the Direct Compensation for Property Damage (DCPD) framework has been quite seamless for insurers and personal auto policyholders for the most part, says one industry expert, although some commercial vehicle operators who don’t want to pay for

Map of Canada
News Business InterruptionClaimsCommercialCommercial AutoConstructionCyberInsurersLoss TrendsPersonal AutoPersonal HomeProperty

5 key trends in the Canadian P&C market, according to Aon

May 18, 2022 by Canadian Underwriter Staff

P&C insurers are actively managing how they deploy their global capacity for cyber insurance, and the underwriting process for that sector continues to gain rigor, said Aon’s quarterly global markets insights report. Although the frequency of cyber claims remained relatively

Queen's Park, home of Ontario's provincial legislature.
News Commercial AutoOntarioPersonal AutoPersonal HomeProperty

Ontario Liberals eye auto insurance rates and towing sector

May 13, 2022 by Philip Porado

Ontario Liberals want to bring down auto insurance rates but not via percentage targets, as envisioned by the New Democrats. “We will also work tirelessly to bring down auto insurance rates,” said Ontario Liberal Party press secretary Andrea Ernesaks. She noted that will

Gathering the data for underwriting a risk.
News BrokersClaimsCommercialCommercial AutoConstructionCyberEmerging RisksHRInsurersLiabilityMergers and AqcuisitionsMGAsOperationsPersonal AutoPersonal HomePropertyRisk ManagersTrusted Advisor

Where have all the good underwriters gone?

May 12, 2022 by Gloria Cilliers

For years, insurers have poached commercial underwriters from one another amid M&A activity, an aging population and hard/soft markets. But that’s left the industry with less seasoned talent and slower investment in acquisition, training and retention. “Suddenly, more so than

Gavel and remote control from car on table.
News B.C.ClaimsCommercial AutoInsurersLegalLiabilityPersonal Auto

Appeal Court green-lights key feature of B.C.’s no-fault auto reform

May 12, 2022 by David Gambrill

A central pillar of the B.C. government’s auto insurance reform — that the province’s Civil Rules Tribunal (CRT) has exclusive jurisdiction to determine minor injuries below $50,000, and not the courts — has been found constitutional by the B.C. Appeal

Closeup image of a woman holding and showing wooden house model and car figure model
News CommercialCommercial AutoPersonal AutoPersonal Home

What Intact expects from personal and commercial lines

May 11, 2022 by Alyssa DiSabatino

Now that pandemic restrictions have lifted, Intact expects to see muted growth in its personal auto and property lines, while commercial lines is positioned for a better performance, the CEO of Intact Financial Corporation said at Intact’s 2022 Q1 results

Ontario NDP Leader Andrea Horwath speaks to the media before visiting communities across the GTA, as part of the 2022 Ontario election campaign trail, at Queen's Park in Toronto, on Wednesday, May 4, 2022. THE CANADIAN PRESS/ Tijana Martin
News Commercial AutoInsurersOntarioPersonal Auto

Ontario Election: NDP plans to ban postal code rating for auto insurance

May 10, 2022 by Alyssa DiSabatino

Editor’s Note: The Conservative government outlined its plans for insurance in their budget document, released before the Ontario election, which will take place June 2. Canadian Underwriter is asking Ontario’s political parties for their platforms on insurance. We are printing

A red toy car rests on top of columns of stacked coins, each coin increasing in size.
News Commercial AutoInsurersOntarioPersonal Auto

Will Ontario’s budget proposals actually reduce auto rates?

May 4, 2022 by Alyssa DiSabatino

To reduce Ontario auto insurance rates substantially, fairer rating systems and offering usage-based insurance (UBI) may be most effective, says one industry observer. The Ontario government is proposing measures to reduce the cost of auto insurance. Among them, it is