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Policyholders want to text you. Is your carrier doing enough to make this happen?

August 25, 2021 by Canadian Underwriter Staff

COVID-19 has accelerated insurance carriers’ plans towards digital transformation, but Canada’s insurers are in their “infancy” when it comes to meeting policyholders’ growing demands for texting with their carriers, says a former insurance executive. Speaking at the Reuters virtual Future

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3 things that can reduce risk of property cat loss recurrence: Aviva Canada CEO

August 24, 2021 by Greg Meckbach

Fire resistant cement board siding, hail-resilient asphalt shingles and backwater valves are among the measures property owners can implement now to protect their assets from climate-related disasters, Aviva Canada CEO Jason Storah suggested Tuesday. “We have enough scientific data to

home insurance and mortgage
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Hub to acquire Aviva Canada subsidiary

August 24, 2021 by Jason Contant

Hub International Limited announced Tuesday it has signed a purchase agreement to acquire the Aviva Canada subsidiary that provides new home warranty in British Columbia and Alberta. The terms of the acquisition of National Home Warranty Group Inc. were not

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GM expands Chevy Bolt electric vehicle recall to cover all model years for fire risk

August 23, 2021 by The Canadian Press

General Motors says it has expanded a recall of its Chevy Bolt electric vehicles to include all model years because of a risk the battery cells could catch fire. The latest recall adds about 73,000 Bolts from the 2019 through

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What separates cottage thefts from city thefts

August 19, 2021 by Canadian Underwriter

With provinces across Canada lifting mobility restrictions, one survey by InsuranceHotline.com shows that 23% of Canadians are ready for a getaway — perhaps to the cabin near trees, beaches and the lake. But some cottagers may be in for a

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Intact Centre, Insurance Bureau react to latest Liberal election promise

August 19, 2021 by Greg Meckbach

Wednesday’s Liberal election promise answers a call from Canada’s property and casualty insurance industry for a national standard for scoring properties on their resilience to weather-related disasters. In a speech in British Columbia Wednesday, Prime Minister Justin Trudeau promised a

News InsurersPersonal Auto

How well do your clients understand their auto insurance?

August 19, 2021 by Jason Contant

If your clients are taking a test on auto insurance, it’s likely they would barely pass, the results of a recent Ratehub.ca survey reveal. Rate comparison site Ratehub.ca reported last week the results of a poll of more than 1,300

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How much the Barrie tornado cost insurers

August 18, 2021 by Jason Contant

Six tornadoes that hit Barrie and other communities in Ontario last month caused $75 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The EF-2 strength tornadoes impacted the communities of Barrie, Innisfil, Kawartha

The small town of Okotoks was hit hard by the June floods of 2013, with the river valley rushing and raging through wiping out pedestrian bridges, campgrounds, river banks and pathways.
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How to help clients mitigate water damage risk

August 17, 2021 by Canadian Underwriter Staff

With water damage claims due to infrastructure failures costing the industry much more per year than natural catastrophes, brokers need to be more proactive in helping clients understand coverages and risk mitigation strategies. Infrastructure and plumbing related water damage is

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How insurers plan to advocate for climate adaptation in federal election

August 17, 2021 by Greg Meckbach

Adapting properties and communities to be more resilient to climate-related disasters should be a federal election issue, an Insurance Bureau of Canada official told Canadian Underwriter Monday. “We will be very active throughout the federal election in advocating for adaptation

Post-COVID return to the office
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Will 4th wave, mandatory vaccines spur more insurers to re-imagine the workplace?

August 16, 2021 by Canadian Underwriter Staff

With COVID-19 cases rising across Canada and several large employers — including the federal government — announcing they’ll require workers to be vaccinated, insurers and brokers may begin rethinking their return-to-office plans. Not long before the fourth wave hit, some

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Why mega-ships are mega risks for marine insurers

August 16, 2021 by Jason Contant

The blocking of the Suez Canal by the Ever Given container ship in March shows that ever-increasing vessel sizes continue to pose a disproportionately large risk, said marine insurer Allianz Global Corporate & Specialty SE (AGCS). On Mar. 23, 2021,