Canadian Underwriter

Topic Insurers

News BrokersClaimsInsurersOperationsTechnology

National broker association appoints new broker connectivity lead 

September 4, 2020 by Jason Contant

The Insurance Brokers Association of Canada (IBAC) has announced the appointment of Tom Reid as the new broker connectivity lead for the association’s Data Exchange (DX) project.   “Broker connectivity is a key priority for IBAC, and the pandemic has intensified

News BrokersClaims ProfessionalsHRInsurersManagementOperations

Communicating during COVID: What industry employees want to hear from their leaders

September 3, 2020 by David Gambrill

Okay, so it appears the pandemic crisis will be with us for a long time, with P&C organization employees already feeling uneasy, worn down, and uncertain about many things — their health, job security, sending kids back to school safely,

News CatastrophesClaims Canada ArchiveClaims ProfessionalsInsurersLoss ControlLoss TrendsPersonal HomeProperty

More than one way to define a Cat

September 3, 2020 by Greg Meckbach

If you disagree with a co-worker on exactly what a catastrophe is, both of you could be right. There is no single standard definition of a “Cat,” with the industry’s loss costs — and even media coverage — among the

News ClaimsInsurersLegalLiabilityPropertyQuebec

Lawsuit filed against makers of Montreal-area dike that burst, flooding town

September 3, 2020 by The Canadian Press

MONTREAL – A Montreal-area town says its insurance company is suing the maker of a dike that burst last spring, flooding streets and forcing thousands of residents from their homes. Officials from Ste-Marthe-sur-le-Lac said Tuesday legal action has been filed

News ClaimsInsurersManitobaPersonal Auto

Auto insurer sees severe accidents spike on pandemic’s open roads

September 1, 2020 by Jason Contant

This year so far is on track to be the worst year in a decade for serious/catastrophic injuries, government auto insurer Manitoba Public Insurance (MPI) reported Friday.  While traffic volumes still remain relatively low due to the COVID-19 pandemic, many

News InsurersPersonal Auto

This car is orange. Do your clients know it won’t necessarily cost any extra to insure it?

September 1, 2020 by David Gambrill

Driving in the passing lane of the highway, your client sees in her rearview mirror an antenna pull up behind her. A horn blares. She pulls into the right lane, and an orange Lamborghini Aventador moves ahead, leaving her behind

News BrokersInsurersTechnology

Signs that an insurtech isn’t worth your consideration

September 1, 2020 by Adam Malik

A good insurtech will let its insurance partner take its product for a test drive and easily provide referrals, insurtech leaders said during a recent webinar. If an insurance carrier or broker is dealing with an insurtech company that isn’t

News ClaimsInsurersNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Property

Hurricane warnings: Is it crying wolf when storms aren’t as bad as expected?

August 31, 2020 by David Gambrill

While Hurricane Laura’s insured damage estimates in the United States range anywhere between $4 billion to $12 billion, the post-tropical storm predicted for Atlantic Canada did not quite reach the level of intensity initially forecast for the Maritimes last Thursday.

News AdjustersClaimsClaims TechnologyInsurersOperations

Where this industry veteran landed soon after announcing retirement

August 31, 2020 by Jason Contant

One week after retiring as president and chief operating officer of Pembridge and Pafco insurance companies, 40-year industry veteran J.R. (Bob) Tisdale has joined the board of the independent adjusting firm CRU Group. Gary Winston, founder and chair of the

News BrokersInsurersTechnology

A common mistake P&C organizations make when working with insurtechs

August 28, 2020 by Adam Malik

A common blunder the insurance industry makes when working with an insurtech is mistakenly expecting the partnership to be a one-size-fits-all for every issue they’re facing, according to insurtech leaders. In fact, experts said during a recent webinar, you are

News EducationInsurersManagementOperations

How Fairfax is addressing anti-Black racism

August 28, 2020 by Greg Meckbach

The corporate parent of Northbridge Insurance has formed its own anti-racism committee and joined a new Canadian organization that aims to create opportunities for visible minorities and indigenous people in the industry. “We have formed a Black Initiatives Action Committee,”

News BrokersEducationInsurersLoss ControlPersonal HomeProperty

What brokers can do more of to help their clients protect against flood risk

August 27, 2020 by David Gambrill

Canadians understand that flood damage has increased, but they don’t necessarily know to protect their homes against it, according to joint research conducted by RSA Canada and World Wildlife Fund (WWF) Canada. The research suggests an opportunity for Canadian P&C