Canadian Underwriter

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The roof of Mary Queen of Peace elementary school was torn off after Hurricane Larry crossed over Newfoundland's Avalon Peninsula in the early morning hours, in St. John's, Saturday, Sept. 11, 2021. THE CANADIAN PRESS/Paul Daly
News AdjustersBrokersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsCommercialInsurersLoss TrendsNewfoundland & LabradorPersonal HomeProperty

What we know so far about Canadian Hurricane Larry claims

September 12, 2021 by Greg Meckbach

Kent Rowe cannot remember winds as bad as they were this past weekend in the Newfoundland and Labrador capital. “We saw gusts here in St. John’s of up to 145 kilometres an hour that lasted for about five or six

News ClaimsInsurersPersonal AutoTechnology

Will electric vehicles increase the severity of motor vehicle injuries?

September 12, 2021 by Jason Contant

Occupants in electric vehicles (EVs) and hybrid models are less likely to be injured in a crash than people in similar gas-powered vehicles, according to a new report. Lithium-ion batteries is the primary power source for today’s EVs. This means

News BrokersCommercialInsurersMergers and AqcuisitionsMGAs

Why and where Intact wants to buy more MGAs

September 12, 2021 by Greg Meckbach

Don’t be surprised if Intact Financial Corp. buys managing general agents in the United States who place commercial specialty insurance. “We think there is a big opportunity at the MGA level. We are still focused on that,” Intact CEO Charles

News CatastrophesClaimsInsurers

Outlook for reinsurers improves post-pandemic

September 8, 2021 by James Langton, Investment Executive

Despite a recent string hurricanes, floods, wildfires and other natural disasters, the outlook for the global reinsurance sector is improving, according to rating agencies Moody’s Investors Service and Fitch Ratings. In a new report, Moody’s said the outlook for the

News InsurersLoss Control

Bank of Canada keeps key interest rate target on hold, citing pandemic-related risks

September 8, 2021 by Craig Wong - THE CANADIAN PRESS

OTTAWA – The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic recovery. The central bank held its target for

News CatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss TrendsNewfoundland & LabradorNova ScotiaPersonal HomeProperty

New tropical storm warning for Atlantic Canada

September 7, 2021 by Greg Meckbach

Large waves could hit Canada’s Atlantic coast this Thursday as Hurricane Larry moves north, Environment Canada warns. UPDATE – What we know so far about Canadian Hurricane Larry claims On Tuesday morning, the Category 3 hurricane was causing winds of

News ClaimsInsurersPersonal AutoPersonal HomeSaskatchewan

This weather event resulted in 7,200 claims

September 7, 2021 by Jason Contant

An intense storm that swept through parts of Regina and elsewhere in Saskatchewan last week has resulted in more than 7,200 claims to date, the province’s government auto insurer said Tuesday. The Aug. 31-Sept. 1 storm brought golf ball-sized hail

News BrokersCommercialEmerging RisksInsurersTechnology

What is your unique competitive advantage?

September 3, 2021 by Jason Contant

Canada’s P&C broker and insurer channels aren’t going anywhere, but their ranks will thin and success will be determined through successful technological partnerships, the CEO of an online commercial brokerage suggested. “If you don’t bring something uniquely valuable to the

News ClaimsClaims Canada ArchiveCommercial AutoInsurersLoss ControlLoss TrendsPersonal AutoRisk Managers

When your commercial auto client smells a rat

September 2, 2021 by Greg Meckbach

Tall grass and vegetation are not good choices for areas to park or store construction equipment, trucks, recreational vehicles, campers, trailers or trucks. This is because rodents tend to like tall grass, Northbridge Insurance warns. “If buildings, vehicles, and equipment

News Business InterruptionClaimsCommercialInsurersLegalOperationsProperty

Ontario court certifies class-action against insurers related to COVID-19

September 1, 2021 by The Canadian Press

TORONTO – Ontario’s Superior Court of Justice has certified a class-action lawsuit against fourteen insurance companies that denied business interruption claims related to COVID-19. The class action, launched by several small businesses including a suit store, a smoothie shop and

jury
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Shhh! Don’t show this article to a jury in a vehicle accident lawsuit

August 31, 2021 by Greg Meckbach

An Ontario court has refused a plaintiff’s request to tell a jury about the statutory deductible, of nearly $40,000 for pain and suffering, in motor vehicle accident tort claims. “The jury is not asked to determine how much the plaintiff

News BrokersInsurersLicensingOperations

Would the Liberals hike the industry’s corporate income tax?

August 31, 2021 by Greg Meckbach

Brokers will probably not be directly affected by a Liberal election promise to raise corporate tax rates on insurance companies making over $1 billion a year in profits, the CEO of the national brokerage association suggests. As quoted by The