Canadian Underwriter

Topic Commercial Auto

Data moving across a company
News CommercialCommercial AutoInsurersOperationsPersonal AutoPersonal HomeProperty

CSIO calls APIs for policy inquiries ‘foundational’

April 4, 2022 by Canadian Underwriter Staff

Recent publication of API standards for policy inquiries for personal auto, habitational, individually rated commercial automobile (IRCA) and commercial general liability (CGL) are the foundational use cases to begin improving carrier and broker connectivity communications. “These 24 policy inquiry use

A row of cars in the evening on a busy road, their brake lights are on.
News Commercial AutoEmerging RisksPersonal Auto

Post-pandemic trends in auto insurance

April 4, 2022 by Alyssa DiSabatino

While it may be too early to tell how the end of provincial COVID-19 restrictions are influencing auto insurance claims, industry experts are bracing for higher claims severity, a return to pre-pandemic levels of traffic, higher auto rates due to

A person holds a blue toy car in their right hand and a pen with their left. They are writing on a notepad. They are holding the car above columns of coins, increasing in height.
News BrokersCommercial AutoInsurersPersonal Auto

Why auto insurance premiums may be on the rise

April 1, 2022 by Alyssa DiSabatino

Inflation hit a multi-decade high of 5.7% this February. Industry observers warn this could go even higher before it goes lower, and the auto insurance industry is not immune to it.   How long will it be before drivers feel the

Toll stations on an elevated bridge between the US and Canada.
News CommercialCommercial AutoCyberLiabilityLoss ControlLoss TrendsRisk Managers

Supply chain concerns overshadow logistics data hacks

March 24, 2022 by Philip Porado

While the winter freedom convoy protests and bridge blockades highlighted Canada’s strained supply chains, insured business interruption events linked to logistics problems were common long before the pandemic. Insurers working with logistics clients note congested ports and a lack of

Picture of taxi row
News ClaimsCommercial AutoLoss TrendsNova Scotia

How to deal with loss trends in new DCPD auto insurance scheme

March 23, 2022 by Jason Contant

Nova Scotia Utility and Review Board (NSURB) has approved Facility Association’s (FA) overall rate increase of 11.1% as well as a proposed revision of its risk classification system for taxis. In doing so, the board had some words of advice

Digital documents being sorted.
News CommercialCommercial AutoInsurersTechnology

Commercial data standards get green light

March 18, 2022 by Canadian Underwriter Staff

Commercial insurance brokers are a step closer to having standards for policy inquiries on certain auto and general liability coverage. The Centre for Study of Insurance Operations (CSIO) said its Innovation and Emerging Technology (INNOTECH) API working groups have published

Private and commercial vehicles drive down a scenic highway. The high bridge at the Pennsylvania Turnpike on the sunny spring day. Lehigh Valley, Poconos region, Pennsylvania, USA.
News Commercial Auto

Inside Facility Association’s plan to harmonize commercial auto rates

March 14, 2022 by Alyssa DiSabatino

Facility Association will introduce a harmonized rating program for commercial and non-private passenger vehicles, which will help automate the rating process and put the brakes on truck operators trying to game the system, according to FA President and CEO Saskia

Red White and Blue Parked Trucks Lined up at a Truck Stop in the wintertime in Utah
News Commercial AutoInsurersLegalOntarioPersonal Auto

A CEO is injured while jogging. Does his personal or commercial auto benefits apply?

March 8, 2022 by David Gambrill

A company CEO who has both personal and commercial auto insurance is not considered to be a “deemed insured” under the commercial auto policy if he has never before driven a company vehicle – even if he had access to

Trucks from the “Freedom” convoy travel on Highway 401 headed eastbound in Kingston, Ont., headed for Ottawa, on Friday Jan. 28, 2022. THE CANADIAN PRESS/Lars Hagberg
News Commercial Auto

Lessons learned from the Emergencies Act?

March 2, 2022 by Alyssa DiSabatino

Despite the recently revoked Emergencies Act requiring all insurers to “suspend” coverage, the industry still has received little clarity on how to enforce such rules, especially as most insurers would consider it a policy “cancellation.” One broker executive questions questions how

Option of Male, Female or Gender X
News Commercial AutoInsurersNova ScotiaPersonal AutoSaskatchewan

How Gender X affects auto ratings for insurers

March 1, 2022 by Jason Contant

Public auto insurer Saskatchewan Government Insurance (SGI) is the latest insurer to offer auto insurance clients the choice of no sex (blank) designations. The change will not affect SGI Canada customers in Saskatchewan, since gender or sex designation is not

Canadian Prime Minister Justin Trudeau looks on as Deputy Prime Minister and Finance Minister Chrystia Freeland speaks during a news conference announcing the Emergencies Act will be invoked to deal with protests, Monday, February 14, 2022 in Ottawa. Trudeau says he has invoked the Emergencies Act to bring to an end antigovernment blockades he describes as illegal and not about peaceful protest. THE CANADIAN PRESS/Adrian WyldTHE CANADIAN PRESS/Adrian Wyld
News Commercial Auto

What we know about suspending insurance under The Emergencies Act

February 16, 2022 by Alyssa DiSabatino

Canada’s federal government has begun to provide some clarity around the wording and application of its newly released Emergency Economic Measures Order, but the insurance industry still isn’t clear on how exactly it will be enacted, and industry observers and

The old car on the Garda Lake at sunset
News Commercial AutoInsurers

Economical partners with car-share platform Turo

February 15, 2022 by Canadian Underwriter Staff

Economical is now the insurer of choice to provide commercial auto coverage for peer-to-peer car-sharing marketplace Turo in Ontario, Québec, Alberta and Nova Scotia. Turo is a host-and-guest car sharing service that allows owners to list their vehicles – including