Canadian Underwriter

Topic Loss Trends

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Fraudsters exposed in COVID-19

August 6, 2020 by Ephraim Stulberg, Partner, MDD Forensic Accountants

Here’s where, and why, insurers see more fraud claims being uncovered

News AlbertaClaimsCommercialLoss TrendsOperations

COVID’s impact on Aviva’s first-half results

August 6, 2020 by David Gambrill

Aviva Canada overcame high claims costs related to pandemic losses and severe-weather catastrophe events in Alberta to trim its combined operating ratio (COR) down from 98.1% in the first half of 2019 to 95.5% during the first half of this

Feature CommercialEducationEmerging RisksLoss ControlLoss TrendsRisk Managers

The new age of risk

August 5, 2020 by Adam Malik, Managing Editor

Post-pandemic, expect risk professionals to be called upon more often to find creative solutions for emerging issues

News InsurersLegalLoss ControlLoss TrendsOntarioPersonal AutoTechnology

Why regulation holds auto insurers back from using advanced modelling

August 4, 2020 by Greg Meckbach

Auto insurers could potentially use artificial intelligence to improve risk segmentation but some of the newer modelling techniques may not be a good fit with the way rates are currently regulated, a data science expert for one insurer suggests. Ontario’s

News AlbertaCatastrophesInsurersLoss Trends

Swiss Re Group books $2.5 billion for pandemic-related losses

July 31, 2020 by David Gambrill

Swiss Re today reported COVID-19 claims and reserves totalling $2.5 billion across the Group, resulting in a net loss of $1.1 billion in the first half of 2020 (all figures in U.S. dollars). “Based on current information and a prudent

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The business line that drove Intact’s profitability in 2020 Q2

July 31, 2020 by Greg Meckbach

If you placed homeowner’s insurance with Intact during 2020 Q2, your business helped propel Canada’s largest P&C insurer to its most profitable second-quarter personal property result in more than 10 years. Intact Financial Corp. reported that its combined ratio in

News B.C.CatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsEducationLoss ControlLoss TrendsPersonal HomePropertyRisk ManagersTrending

Who’s getting funding for new research in wildfire prediction, responses

July 31, 2020 by THE CANADIAN PRESS

KAMLOOPS, B.C. – A university located in the heart of one of British Columbia’s most volatile forest fire regions will lead new research in wildfire prediction, prevention and response. Thompson Rivers University in Kamloops was chosen for the research that

News ClaimsCommercialEmerging RisksLoss ControlLoss TrendsManagementOperationsTrending

Canada’s arts and recreation businesses face greatest risk of closure: CFIB

July 30, 2020 by David Friend - THE CANADIAN PRESS

TORONTO – Canada’s struggling independent businesses in the arts, entertainment and recreational sectors are at the highest risk of permanently closing due to COVID-19, according to the Canadian Federation of Independent Business. A new report released by the advocacy group

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Why Intact is “very confident” about defending pandemic-related BI claims

July 29, 2020 by Greg Meckbach

Two recent American court rulings in favour of insurers in COVID-related business interruption coverage disputes arose from policy wordings nearly identical to the vast majority of Intact Insurance’s BI policies, officials with Canada’s largest P&C insurer said Wednesday. “The language

News AdjustersB.C.CatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss TrendsPersonal HomeProperty

How B.C. adjusters are preparing for major earthquake

July 29, 2020 by Greg Meckbach

When the next huge earthquake hits British Columbia, some independent adjusting firms may temporarily re-locate offices inland, perhaps even as far east as Alberta. Kernaghan Adjusters is aiming to be “up and running fairly quickly if we get into an

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Pipeline owner fined for unsafe incident near GO tracks in Greater Toronto

July 29, 2020 by THE CANADIAN PRESS

CALGARY – The Canada Energy Regulator is fining Trans-Northern Pipelines $40,000 for an incident near a commuter train line in Greater Toronto that resulted in damage to a pipeline transporting gasoline. It says the incident near Oakville could potentially have

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New boiler inspection rules coming to Ontario agriculture

July 28, 2020 by Greg Meckbach

An exemption from inspection rules for boilers and pressure vessels in Ontario’s agricultural sector is coming to an end. Starting next year, boilers and pressure vessels will have to get a certificate of inspection from the province’s Technical Standards and