Canadian Underwriter

Topic Commercial Auto

Business acquisition sealed with a handshake
News BrokersCommercialCommercial AutoHRManagementMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal Home

Hub’s latest Ontario brokerage acquisition

February 12, 2024 by Jason Contant

Hub International Ltd. has enhanced its personal, commercial and employee benefits services with the acquisition of Ontario brokerage Mitchell Sandham. Located in Oakville, Ont., Mitchell Sandham is one of the oldest and largest independently owned insurance brokerages in the Greater

Red toy car between a stack of coins and a calculator
News AlbertaCommercial AutoInsurersPersonal Auto

Alberta latest rate cap is underway: but what’s next for reform?

February 2, 2024 by Alyssa DiSabatino

As Canada’s auto insurers await direction from the Alberta government on the province’s long-term reform solutions for auto insurance, industry advocates have suggested short-term options to the auto product.  The Alberta government announced last fall it would be retaining the auto

City taxi at night
News AlbertaBrokersClaimsCommercialCommercial AutoInsurersLoss ControlLoss TrendsTechnology

How one brokerage is making good risks out of its urban taxi clients

January 31, 2024 by Alyssa DiSabatino

With its taxi clients left in the lurch from insurer market withdrawals, one regional brokerage ventured to improve taxi fleet safety. After conducting research and leveraging data, CMB Insurance Brokers developed a loss program using telematics to ensure its clients

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

How auto theft will affect insurance in 2024

January 30, 2024 by Alyssa DiSabatino

Although the industry is trying to pump the brakes on auto theft across Canada, the national crisis is bound to get worse before it gets better, industry sources predict.   It means higher premiums for consumers who are already feeling

Ottawa, Canada - February 26, 2022: A fence remains in place one week after police cleared the area near Parliament Hill of trucker convoy protesters. Much of the fencing has been taken down but some of it remains near Wellington Street, and other strategic areas.
News AlbertaCommercial AutoEditorialInsurersLegalPersonal Auto

Editorial | Public order laws and auto insurance don’t mix

January 29, 2024 by David Gambrill

Anyone seeking clarity on how the federal government’s Emergencies Act was supposed to apply to auto insurance cancellations won’t find it in the Federal Court of Canada’s latest ruling. The Federal Court of Canada last Tuesday found the federal government’s

Man getting into a rental car after a collision claim
News ClaimsCommercial AutoInsurersPersonal Auto

Length of rental for auto collisions down slightly

January 25, 2024 by Alyssa DiSabatino

Auto insurers and their customers will be relieved to know the average length of vehicle rentals for collision-related claims across Canada has decreased, albeit gradually, from the same time last year, according to new data.   The overall length of

A gloved hand is picking up a sports car
News Commercial AutoEmerging RisksInsurersLegalLoss TrendsPersonal Auto

Feds heed auto insurers’ call for auto theft summit

January 24, 2024 by David Gambrill

Canada’s federal government has answered the call by the nation’s auto insurers to promote a whole-of-society solution to a mounting auto theft crisis. A National Summit on Combatting Auto Theft will take place in Ottawa on Feb. 8, 2024, Public

Repair team in a storm damaged building
News ClaimsCommercialCommercial AutoConstructionLoss TrendsPersonal AutoPersonal Home

How reconstruction companies are improving repair timelines

January 22, 2024 by Alyssa Di Sabatino

A shortage of tradespeople isn’t making it easy for the restoration industry to recover from extended repair cycle times during the pandemic. While cycle times are starting to improve, frequent NatCats and a lack of qualified talent are stretching capacity

Car collision with damaged vehicles
News BrokersClaimsCommercial AutoInsurersOntarioPersonal Auto

How Ontario drivers have responded to DCPD opt-out option

January 22, 2024 by Alyssa DiSabatino

For all the discussion it provoked within brokerage circles, one of the Ontario government’s ideas for auto insurance reform appears to have fallen flat with drivers, albeit it’s only in the first month of the initiative. Thus far, Ontario brokerages

Autumn background with falling maple leaves.
News CatastrophesCommercial AutoInsurersOperationsPersonal AutoPersonal HomeProperty

The rise and fall of the P&C industry’s financial results

January 22, 2024 by David Gambrill

As the Alan Parson Project once sang, “What goes up, must come down,” and predictions about industry profitability made two years ago are unfortunately coming true — including a marked downward trend of financial results in 2023, says one veteran

Training people for success
News CommercialCommercial AutoHROperationsRisk Managers

How firms are training tomorrow’s talent

January 8, 2024 by Alyssa Di Sabatino

Intermediate and senior underwriting positions are opening up across the industry. That has firms looking for ways to cultivate junior underwriters into successive roles. The issue, though, is that learning curves can be steep for new hires. Up-and-coming underwriters are

Close up of an industrial bricklayer installing bricks to build back on a construction site
News AlbertaB.C.BrokersCatastrophesClaims ProfessionalsCommercialCommercial AutoConstructionEmerging RisksEnvironmentalInsurersLoss ControlLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoPersonal HomePropertyQuebec

Should insurers help customers build back better…or not at all?

January 4, 2024 by Philip Porado

Increased severity and frequency of NatCats has Canada’s P&C insurance ecosystem seeking ways to add resilience to the claims process. This includes build back better initiatives to encourage adding things like hurricane straps or hail-resistant shingling to roof rebuilds to