Canadian Underwriter

Topic Ontario

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Toronto cyberattacks show public bodies need to boost security, experts say

February 14, 2024 by Maan Alhmidi – The Canadian Press

As the Toronto Public Library gradually works to restore full service following a crippling October cyberattack, experts are warning that public organizations need to find ways to bolster their ransomware defences, despite having limited resources. A few months after the

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News BrokersCommercialCommercial AutoHRManagementMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal Home

Hub’s latest Ontario brokerage acquisition

February 12, 2024 by Jason Contant

Hub International Ltd. has enhanced its personal, commercial and employee benefits services with the acquisition of Ontario brokerage Mitchell Sandham. Located in Oakville, Ont., Mitchell Sandham is one of the oldest and largest independently owned insurance brokerages in the Greater

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Brokerage looking to expand outside home province

February 9, 2024 by Jason Contant

British Columbia-based brokerage AMC Insurance Services Ltd. is looking to expand outside its home province, the brokerage’s vice president told Canadian Underwriter recently. “We realized in our core business strategy that if we want to continue to be a provider

Accident between an e-scooter and a car.
News AlbertaB.C.ClaimsEmerging RisksInsurersLegalOntarioPersonal Auto

What types of injuries happen when e-scooters collide with cars?

February 6, 2024 by Philip Porado

As you might expect, roadways and especially intersections are the most common places for accidents involving e-scooters that lead to claims and lawsuits. “It’s difficult when a motor vehicle [is] following the rules of the road and, all of a

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KPMG buys insurance claims practice

February 2, 2024 by Jason Contant

Professional services firm KPMG in Canada has purchased an insurance claims practice that offers income replacement benefit and related calculations, as well as commercial loss claims calculations for insurance companies and their customers. The acquisition of the claims practice of

Robotic process automation to automate business tasks
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The state of bot automation in Canadian brokerages

February 1, 2024 by Jason Contant

Brokerages in Ontario are rapidly embracing bots to automate repetitive tasks, the provincial brokerage association told Canadian Underwriter.  “Like all new technology, it takes time to drive awareness and articulate value, but the adoption curve seems to have accelerated more

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Are your clients concerned about electric vehicle insurance costs?

January 31, 2024 by Jason Contant

Consumer interest in electric vehicles (EVs) in Ontario appears to be waning as drivers raise concerns over costs and charging infrastructure, said a new survey from LowestRates.ca. While 43% of polled Ontario drivers said they were considering making an EV

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Why the court denied an auto insurer’s ‘shockingly intrusive’ motion

January 30, 2024 by David Gambrill

Editor’s Note:  The Ontario Superior Court decision incorrectly identified the auto insurer in this case as Echelon Insurance. Echelon has contacted Canadian Underwriter to confirm it has reached out to the court to correct the public record and it did

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Regulator revokes healthcare provider licence for insurance fraud 

January 29, 2024 by Jason Contant

Ontario’s financial services regulator has revoked the healthcare service provider licence of a Markham clinic and imposed administrative penalties against the clinic and two individuals in connection with fraudulent billing practices.  The Financial Services Regulatory Authority of Ontario (FSRA) revoked

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News AlbertaB.C.CommercialMergers and AqcuisitionsOntario

Large brokerage makes commercial deal in Ontario

January 29, 2024 by Alyssa DiSabatino

Acera Insurance Services Ltd. announced its latest deal with KRS Insurance Brokers Ltd., a specialized commercial brokerage based in Newmarket, Ont.   “This partnership supports Acera Insurance’s longstanding dedication to build scale and strengthen the independent brokerage model to provide

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Home, auto rate increases in 2023 “highest…seen in years.”

January 26, 2024 by David Gambrill

Canadian auto insurance rates increased 10% in 2023 compared to 2022, and similarly home insurance rates saw an increase as well — up 6.6% last year, according to the latest release of the Applied Rating Index. “The close of 2023

Car collision with damaged vehicles
News BrokersClaimsCommercial AutoInsurersOntarioPersonal Auto

How Ontario drivers have responded to DCPD opt-out option

January 22, 2024 by Alyssa DiSabatino

For all the discussion it provoked within brokerage circles, one of the Ontario government’s ideas for auto insurance reform appears to have fallen flat with drivers, albeit it’s only in the first month of the initiative. Thus far, Ontario brokerages