Canadian Underwriter

Topic Loss Trends

Feature CommercialCyberEmerging RisksLoss TrendsRisk Managers

The many shapes of recovery

August 1, 2021 by David Gambrill, Editor-in-Chief

Will the post-COVID recovery follow the shape of a V, U, W, or square-root symbol? It all depends on the insurance.

News AlbertaB.C.InsurersLoss ControlLoss TrendsOntarioPersonal Home

Home insurance rates dropping but no reprieve for condo owners

July 28, 2021 by Jason Contant

Personal property premiums were a mixed bag in the first quarter of 2021, with insurance for condo owners continuing to rise, but home insurance rates trending down, according to a new report from LowestRates.ca released Tuesday. Year-over-year, home insurance premiums

News ClaimsCyberInsurersLoss Trends

How much ransom demands are increasing for your cyber clients

July 27, 2021 by Jason Contant

Average ransom demands have increased nearly threefold and smaller companies are experiencing more cyberattacks, according to the results of Coalition Inc.’s latest cyber insurance claims report. From the first half of 2020 to H1 2021, the average ransom demand made

Front view of red SUV emergency braking to avoid car crash
News InsurersLicensingLoss TrendsNova ScotiaPersonal Auto

Why this auto insurer will stop discount for autonomous emergency braking

July 27, 2021 by Greg Meckbach

Nova Scotia motorists who purchase autonomous emergency braking systems will no longer qualify for a discount with one insurer as of October. In Nova Scotia, Aviva General Insurance Company has a 15% discount, to bodily injury and accident benefits insurance

Alberta drought
News AdjustersAlbertaClaimsCommercialEnvironmentalLoss ControlLoss TrendsSupply Chain

Severe drought expected to cost Alberta $1 billion in insurance payouts

July 23, 2021 by Jason Contant

Crop insurance payouts in Alberta will likely reach about $1 billion later this year due to hot, dry weather that is contributing to severe drought conditions, Alberta’s Minister of Agriculture and Forestry said Thursday. “This year’s crop insurance claims will

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsCommercialInsurersLegalLiabilityLoss TrendsNewfoundland & LabradorPersonal Auto

Supreme Court of Canada sides with city over release for ‘claims of any kind or nature whatsoever’

July 23, 2021 by Greg Meckbach

As the late singer Prince said, forever is a mighty long time. While his 1984 tune “Let’s Go Crazy” is not about tort claims, a Supreme Court of Canada decision released Friday should serve as a reminder of the significance

News AdjustersB.C.ClaimsClaims Canada ArchiveClaims ProfessionalsLegalLiabilityLoss ControlLoss TrendsPersonal HomeProperty

Why your clients should do an inspection before buying a home

July 21, 2021 by Greg Meckbach

A couple who discovered a leaking bathtub after moving into their new home cannot get compensation from the sellers. A “reasonable inspection” would have revealed a water problem before Tyler and Keva Luscombe bought their home in 2020, the British

Mask hanging in car
News ClaimsInsurersLoss TrendsManitobaPersonal Auto

Did loosening COVID restrictions contribute to more serious accidents?

July 21, 2021 by Jason Contant

Statistics from Manitoba Public Insurance (MPI) show a definitive link between the lifting of COVID-19 public health orders and an increase in serious collisions and fatalities on roads in the province. Throughout the pandemic, Canadian Underwriter has reported auto insurer

News AdjustersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsConstructionInsurersLoss TrendsOntarioPersonal AutoPersonal HomeProperty

Get ready for hundreds of claims from Barrie twister

July 21, 2021 by Greg Meckbach

The industry will probably see well over 200 claims from the July 15 tornado that hit Barrie, Ont., says a wind damage expert who has looked at the affected area. “I expect the total number of damaged houses was about

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.
News AlbertaCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss ControlLoss TrendsOntarioPersonal HomeProperty

Why your clients may not have the high ground on overland flood risk

July 19, 2021 by Greg Meckbach

Many homeowners opt not to buy overland flood coverage and this could leave them uninsured in the event of a severe rain storm. “Overland flooding is any water that comes into your house through the windows or door or anything

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsClaims TechnologyInsurersLegalLoss ControlLoss TrendsOntarioOperationsPersonal AutoTechnology

New industry anti-fraud group gets its first CEO

July 19, 2021 by Greg Meckbach

Terri O’Brien, a former vice president at TD Bank, is now CEO of Équité Association, the anti-fraud organization announced Monday. Équité Association is a new organization that integrates Canadian National Insurance Crime Services (CANATICS) and the IBC’s investigative services division.

Cyberattack
News ClaimsCyberEmerging RisksLoss Trends

How the cyber threat landscape is evolving

July 16, 2021 by Jason Contant

Cyberattacks used to traditionally target specific industry sectors like healthcare, but one cyber insurance writer is now seeing a wide range of sectors in the line of fire. “When you look at our 2020 stats, we see a big difference