Canadian Underwriter

Topic Insurers

Canadian flag in front of parliament in Ottawa
News Emerging RisksInsurers

Some cities rethinking Canada Day parades amid rising insurance costs

June 29, 2022 by Morgan Lowrie - THE CANADIAN PRESS

MONTREAL – Canada Day celebrations are making a return after two years of scaled-down festivities because of the COVID-19 pandemic, but some Canadians hoping to catch a traditional parade may be out of luck. Several cities say the rising cost

Two-car auto accident
News ClaimsClaims Canada ArchiveCommercial AutoInsurersPersonal Auto

Have auto premiums, loss ratios returned to pre-pandemic levels?

June 28, 2022 by Philip Porado

At least one major Canadian insurer has seen driving patterns return to pre-pandemic levels last seen in late 2019 and early 2020. Aviva closely monitors both the amount of driving and its claims frequency, said Phil Gibson, executive vice president

Two businessmen figurines each standing atop a white puzzle piece and looking pensive
News BrokersInsurersMergers and Aqcuisitions

Two ways brokers can tame the market-consolidation juggernaut

June 28, 2022 by Alyssa DiSabatino

Building relationships across the industry and offering consistency can help brokers overcome a slew of future challenges, including quickening market consolidation, an impending recession, diminished capacity and the hard market, say broker executives. “In order to be able to meet

Calculator and toy car on white background
News AlbertaBrokersClaimsCommercial AutoInsurersPersonal Auto

Post-Kenney, will the auto rate cap return after the next AB election?

June 27, 2022 by Jason Contant

Outgoing Alberta Premier Jason Kenney’s announcement last month that he will step down following a leadership review is raising concerns among brokers in the province about the possibility of another auto insurance rate cap. In 2017, Alberta’s NDP government under

A row of Pride flags being waved by people standing amid a crowd
News BrokersHRInsurers

How the industry can better promote 2SLGBTQ+ inclusion

June 27, 2022 by Alyssa DiSabatino

Many Canadian P&C companies have shown their support for 2SLGBTQ+ Pride by emblazoning their company logo in rainbow colourways. But creating employee-resource groups, recruitment practices and marketing that embraces 2SLGBTQ+ employees, stakeholders and policyholders is critical for moving the dial

Cropped shot of a young computer programmer looking through data
News CyberEmerging RisksInsurersOperationsRisk ManagersTechnology

What the regulator’s focus on digital risk means for you

June 27, 2022 by David Gambrill

Expect Canada’s solvency regulator to become more active in overseeing the P&C industry’s digital risks. “Insurers have become more digital with changes in business models and service delivery,” OSFI superintendent Peter Routledge said in prepared remarks to insurers attending the

Jurors sitting in a court room box
News ClaimsClaims Canada ArchiveClaims ProfessionalsEmerging RisksInsurersLegalLiabilityPersonal AutoPersonal HomePropertyRisk ManagersTrending

Will rocketing consumer prices spark social inflation?

June 24, 2022 by Philip Porado

While consumers are paying close attention to inflation’s impact on their wallets, insurers should be keeping an eye on social inflation – and recognize the two are often linked. “There’s quite a distinction between the impact of what I would

A close up shot of a laptop. One of the keys reads "insurance" and has an umbrella symbol on it.
News BrokersInsurers

Digital-only for P&C consumers after the pandemic? Not so fast…

June 24, 2022 by Alyssa DiSabatino

Despite online insurance gaining popularity, consumers still need — and want — personalized advice from their insurance companies and brokers, executives observed during a recent industry panel discussion.   “I had really thought at the end of 2020 that digital

Insurance broker discussing and consulting on auto insurance policy
News BrokersInsurersOntarioPersonal Auto

Broker or insurer: Who’s responsible for letters of non-renewal on auto policies?

June 23, 2022 by Jason Contant

The issue of how much responsibility an Ontario broker has for sending out non-renewal notices to auto insurance clients is in the spotlight, featuring an online discussion focused on adequate notice time and the possibility of errors and omissions (E&O)

News AlbertaB.C.BrokersInsurersLegal

Don Forgeron to retire from Insurance Bureau of Canada

June 23, 2022 by Alyssa DiSabatino

Don Forgeron will retire as president and CEO of the Insurance Bureau of Canada after a tenure of almost 30 years. He will also retire as a member of the IBC’s board of directors. The search for Forgeron’s successor will

Roof Leaking
News B.C.BrokersClaimsCommercialInsurersLegal

Water damage dispute: Why the court wouldn’t end three-year dispute resolution

June 22, 2022 by David Gambrill

B.C.’s Supreme Court has denied a claimant’s attempt to bail out of two mandatory dispute resolution hearings with multiple insurers in a three-year dispute over the value of water damage in her strata unit. “The plaintiff is understandably frustrated by

One businessperson in a grey suit is pictured handing a silver baton over to another businessperson in a black suit.
News BrokersInsurersMergers and Aqcuisitions

How much of the industry will change hands in five years: Intact exec

June 22, 2022 by Alyssa DiSabatino

Canada’s largest insurer thinks 15% of insurers will undergo ownership changes in the next five years. “We predict that about 15% of the existing market shares will change hands in the next five years,” said Louis Gagnon, CEO of Intact