Canadian Underwriter

Topic Commercial Auto

Ransom note to convey increase of cybercrime using ransomware
News ClaimsCommercialCommercial AutoCyberEmerging RisksInsurersLegalLiabilityLoss ControlLoss TrendsTechnology

What’s driving rising ransomware attacks

October 30, 2023 by Philip Porado

Ransomware attacks are increasing globally thanks to evolving cybercrime tactics that make it easier for thieves to transfer data from computers or other devices. “Cyber claims frequency has picked up again this year as ransomware groups continue to evolve their

Canadian border with the USA. Canadian customs. Semi-trucks paying at toll booths
News ClaimsCommercial AutoInsurersLegalOperations

How Northbridge beat the taxman

October 26, 2023 by David Gambrill

Northbridge is allowed to claim GST input tax credits for insurance policies it issued to trucking companies operating in both Canada and the United States, the Federal Court of Appeal has ruled. The decision overturned a Tax Court of Canada

Parking lot sign of electric vehicle charging station
News B.C.BrokersCommercial AutoInsurersNew BrunswickNewfoundland & LabradorNova ScotiaOntarioPersonal AutoQuebec

Why auto insurance concerns might hinder electric vehicle adoption

October 26, 2023 by Alyssa DiSabatino

As governments gear up for a national push toward electric vehicles (EVs), Canadians are harbouring anxieties about their auto insurance policies.  Seventy eight per cent of Canadians are concerned about the cost of their insurance premiums on an electric vehicle,

Person dressed in all black breaking into a silver car by force
News BrokersClaimsCommercial AutoEmerging RisksInsurersOntarioPersonal AutoQuebec

P&C industry needs help fighting auto theft: IBC CEO

October 19, 2023 by Alyssa DiSabatino

Canada’s P&C insurance industry is doing its part to combat auto theft, but more support is needed from car manufacturers and governments to prevent this trend from worsening, Celyeste Power, president & CEO of the Insurance Bureau of Canada (IBC),

Driver handing license to police through car window
News BrokersCommercial AutoInsurersOntarioPersonal Auto

Why clients get dropped from their auto policies without knowing

October 17, 2023 by Alyssa DiSabatino

Drivers used to get a reminder in the mail that their license or plate renewal is approaching. But in 2022, the Ontario government stopped mailing out physical notices for expiring licenses.  Some drivers didn’t get the memo.  Mitch Insurance is

Progress concept
News BrokersCommercialCommercial AutoManagementMergers and AqcuisitionsPersonal AutoPersonal Home

The driving factor behind Navacord’s mergers

October 13, 2023 by Alyssa DiSabatino

Fresh from completing three mergers this month, Navacord president and CEO Shawn DeSantis tells Canadian Underwriter the company is working to expand its geographic presence and build national scale.  In British Columbia, Navacord announced its latest deal with Harbord Insurance

Man riding in a fully autonomous automobile
News ClaimsCommercial AutoEmerging RisksInsurersLiabilityLoss ControlPersonal AutoTechnology

How auto insurance will navigate a world with self-driving cars

October 4, 2023 by Tim Crljenica, Thomas Gold Pettingill LLP

Self-driving cars have been a part of visions of the future for decades, and what was once only imaginary has started to become reality. Not only do self-driving cars exist, but five U.S. states (Arizona, California, Michigan, New Hampshire and

News BrokersCommercialCommercial AutoMergers and AqcuisitionsSaskatchewan

Major merger of three Navacord commercial brokerages

October 3, 2023 by Alyssa DiSabatino

Three Navacord brokerages are merging to create one of the largest commercial brokerages in Saskatchewan, the company announced Tuesday.  Henderson Insurance, Hoffmann Kool Insurance, and Life Line Brokers, will merge as HK Henderson, effective Nov. 1.  “The partnership creates one

High end, ultra-modern manufacturing facility
News Business InterruptionClaimsCommercialCommercial AutoConstructionEnvironmentalInsurersLegalLiabilityLoss ControlLoss TrendsProperty

Tips for insuring properties worth more than $500 million

October 2, 2023 by Philip Porado

Coverage for high-value real estate, defined as sites worth $500 million or more, is often based as much on how those sites are used as on the physical assets themselves. Multi-use sites, where activities like manufacturing, distribution, logistics and management

A swarm of business employees being distracted while walking by looking at their phone, against the skyline of a city
News CommercialCommercial AutoInsurersLiability

Zombie apocalypse: why businesses face liability from distracted walkers

September 25, 2023 by Alyssa DiSabatino

Smartphone zombies (i.e. pedestrians who use their phone while walking) aren’t just hazardous to themselves; this phenomenon also poses a major risk for insured businesses. People have become increasingly dependent on their devices, even going so far as to scroll,

Autonomous smart truck
News Commercial AutoTechnology

Toronto self-driving company strikes partnership with Uber Freight

September 22, 2023 by The Canadian Press

TORONTO – Self-driving tech company Waabi says it has struck a partnership with Uber Technologies Inc.’s freight division to accelerate autonomous trucking adoption. Toronto-based Waabi says the partnership will combine its core self-driving technology with Uber Freight’s logistics platform and

dramatic lightning thundertbolt bolt strike in daylight rural surrounding bad weather dark sky
News AlbertaCatastrophesClaimsCommercial AutoInsurersLoss TrendsPersonal AutoPersonal HomeProperty

Where 2023 Cat losses stand after summer storms

September 20, 2023 by David Gambrill

Summer storms in Alberta and the Prairies caused more than $300 million in insured losses, bringing the cumulative total of Cat losses to date in Canada to more than $2 billion — with another financial quarter to go in 2023.