Canadian Underwriter

Topic Commercial Auto

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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

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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

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Beware the tax implications of unlicensed insurance

May 3, 2022 by Jason Contant

If you’re looking to place a risk through an insurer that’s not licensed to write business in Canada, it’s important to understand the requirements around filing federal and provincial taxes, as well as special broker licenses. Although direct placement with

Man using cellphone while driving
News ClaimsCommercial AutoInsurersPersonal Auto

How work expectations are contributing to distracted driving

May 3, 2022 by Jason Contant

Work-related pressures may be contributing to distracted driving, but having a workplace policy in place appears to be an effective way to mitigate the risk, suggests a new survey from Travelers Canada. The 2022 Travelers Canada Distracted Driving Risk Survey

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News Commercial AutoInsurersLegalPersonal Auto

What auto insurers think of Ontario’s reform proposals

May 2, 2022 by David Gambrill

Canada’s auto insurers are generally pleased with the Ontario government’s direction on auto reform, although many details have yet to be worked out. “Ontario drivers pay too much for car insurance, and this budget makes a bold commitment to improve a

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News CommercialCommercial AutoEmerging RisksInsurersLoss TrendsMGAsOperationsPersonal AutoPersonal Home

Despite “aggressive growth goals,” insurers cautioned to keep their powder dry

April 25, 2022 by David Gambrill

Although the industry achieved a highwater mark financial result in 2021, industry executives are cautioning insurers to keep their powder dry and not reduce pricing drastically to grow market share. “I just look through the windscreen, all the things coming

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News ClaimsClaims ProfessionalsCommercial AutoInsurersLegalOntario

Cabbie assaulted while chasing fare outside taxi is not involved in an “auto accident”

April 19, 2022 by David Gambrill

A taxi driver who was severely beaten by a passenger, after the driver walked 40-to-50 steps away from his running taxi to collect a fare, was not involved in an insurable “auto accident,” the Ontario Superior Court has confirmed. The

Auto accident damage at intersection.
News AlbertaB.C.BrokersClaimsCommercial AutoInsurersLegalLiabilityLicensingLoss ControlLoss TrendsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.Personal AutoPropertyQuebecSaskatchewanYukon

A car crashes in Ontario: Why Canadian auto insurers pay attention

April 13, 2022 by Daniel Strigberger

People love to visit Ontario. Unfortunately, some of them get into car accidents. Why should a visitor’s auto insurer care about accidents in Ontario? Because when a non-resident is involved in an auto accident in the province, their insurers will

Papers headed with Tax Liability and glasses on a table
News Commercial AutoConstructionCyberLegalLoss ControlOperationsPersonal AutoPersonal HomeProperty

Does federal budget create new tax liability for P&C industry?

April 12, 2022 by Greg Meckbach

A federal budget proposal to forbid insurers from using a contractual service margin as a deductible reserve for tax purposes could impose a one-time tax liability on the industry. International Financial Reporting Standard 17 (IFRS 17) will “substantially change the

Driver driving a car on asphalt road in summer day at park. Woman at steering wheel with smartphone in her hand.
News AlbertaClaimsCommercial AutoInsurersPersonal AutoQuebec

More than eight in 10 Canadians admit they drive distracted

April 11, 2022 by Alyssa DiSabatino

Eighty-three per cent of Canadian drivers engage in at least one distracted driving behaviour, and this has only increased in the past year, finds a recent survey. But distracted driving doesn’t come without its costs.   Non-digital distractions lead the

Toronto Urban Summer Traffic
News ClaimsCommercial AutoInsurersLoss TrendsPersonal Auto

How auto could be the force that eats into Canadian insurers’ results

April 8, 2022 by David Gambrill

With ROE levels in the Canadian P&C industry at a historic high of 17%, count Lloyds Canada among the list of insurance providers that caution the industry not to squander the hard-won gains of the hard market in a bid