Canadian Underwriter

Topic Ontario

Stressful businessman with penalty list
News InsurersLegalOntarioPersonal Auto

Why auto regulator fined Aviva and S&Y $300K each

August 4, 2023 by David Gambrill

Ontario’s insurance regulator has fined Aviva Insurance Company of Canada (AIC) and its subsidiary S&Y Insurance Company (S&Y) $300,000 each for breaching the province’s “take all comers” rule for auto insurance. In a settlement with the Financial Services Regulatory Authority

Thief stealing a car
News ClaimsClaims Canada ArchiveInsurersLegalOntarioPersonal Auto

Police say 138 vehicles recovered in probe targeting organized crime

August 4, 2023 by The Canadian Press

Police in Windsor, Ont., say they have recovered 138 stolen cars with a total value exceeding $9 million following a joint probe conducted with provincial investigators who specialize in organized crime. They say the probe, dubbed Project Fairfield, was launched

The road ahead
News HRLegalOntarioOperationsPersonal Auto

Industry veteran no longer with insurance regulator

August 2, 2023 by Jason Contant

Industry veteran Tim Bzowey, most recently executive vice president of auto/insurance products with the Financial Services Regulatory Authority of Ontario (FSRA), is no longer with the regulator. “We would like to express our sincere thanks to former executives Caroline Blouin

Rocket represents rising reinsurance premiums
News CatastrophesClaimsEnvironmentalInsurersLoss ControlNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.PropertyQuebec

What’s the future for Canada’s reinsurance rates?

August 2, 2023 by Alyssa Di Sabatino

New risks emerging in Canada are leading reinsurers to increase premiums, industry experts have told Canadian Underwriter. Although U.S. damage losses last year far outweighed Canada’s, contributing significantly to escalating reinsurance prices, insured NatCat damage in Canada in 2022 was

Gavel and scales of justice.
News ClaimsInsurersLegalOntarioPersonal Auto

Why AB claimant won’t receive additional benefits

August 1, 2023 by Philip Porado

An applicant citing pain and other issues did not meet the burden of proof for an insurer to provide benefits beyond the minimum injuries guideline (MIG), adjudicator Janet Roswell wrote in a July 28, 2023 Licence Appeal Tribunal decision (Jabbour

Damaged home in the Ottawa suburb of Barrhaven
News ClaimsClaims Canada ArchiveEnvironmentalOntarioPersonal HomeQuebec

Ontario, Quebec to see more tornado ‘fuel,’ but more data needed

July 19, 2023 by Thomas MacDonald - THE CANADIAN PRESS

MONTREAL – Climate change will likely bring more weather conditions to Ontario and Quebec that are favourable to the development of tornadoes, but it’s still unclear whether Central Canada will actually be hit by more of them, experts say. Severe

Connected puzzle pieces with acronym M&A
News AlbertaBrokersCommercialManagementManitobaMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal HomeSaskatchewan

M&A frenzy continues with multiple deals announced

July 19, 2023 by Jason Contant

Correction: The article has been amended to show Andrew Agencies has 22 locations, not 200 as previously reported. Canadian Underwriter apologizes for the error.    On the heels of separate deals that closed at the beginning of the month, large

Tornado warning issued for Montreal
News CatastrophesClaimsEnvironmentalInsurersOntarioPersonal AutoPersonal HomeProperty

Montreal-Barrhaven storm declared a Cat

July 18, 2023 by Alyssa DiSabatino

The storm that hit Montreal on Thursday, downing trees and power lines and causing localized flooding, has been declared a catastrophe, Laura Twidle, president and CEO of Catastrophe Indices & Quantification Inc. (CatIQ) told Canadian Underwriter.  A ‘catastrophe’ is an

An Ottawa resident looking out a window of a tornado-damaged home
News ClaimsClaims Canada ArchiveEnvironmentalOntarioPersonal Home

Tornado hits suburban Ottawa neighbourhood, damaging 125 homes and scattering debris

July 14, 2023 by Mia Rabson and Liam Fox - THE CANADIAN PRESS

OTTAWA – The remains of totalled fences, blown-out windows and ripped-off roofs were scattered across a south-end neighbourhood in Ottawa on Thursday after a tornado hit with little warning. After the skies had cleared, families sat out on their porches

M&A concept
News AlbertaBrokersCommercialMergers and AqcuisitionsNew BrunswickOntarioPersonal AutoPersonal Home

Large Canadian brokerages announce latest M&A deals

July 13, 2023 by Jason Contant

Canadian P&C brokerage merger and acquisition activity continues to burn red-hot in the second half of 2023, with large brokerages BrokerLink and Acera Insurance announcing a combined three deals recently. BrokerLink acquired Ontario-based Donnell Insurance Brokers Ltd. and New Brunswick-based

Björn Bierfreund
News HRInsurersManagementOntarioOperations

Zurich Canada names new CFO

July 11, 2023 by Jason Contant

Zurich Canada has named Björn Bierfreund as its new chief financial officer. He replaces Lori Cassidy, who was recently appointed CFO for Zurich Commercial Insurance. In his new role, Bierfreund will be responsible for the continued financial stewardship of Zurich

Driver being handed a coffee cup
News ClaimsClaims Canada ArchiveInsurersLegalOntarioPersonal Auto

Is spilling coffee on yourself at a drive-thru an auto ‘accident’?

July 10, 2023 by Jason Contant

Ontario’s Licence Appeal Tribunal (LAT) has ruled in favour of Co-operators in an accident benefits case after finding a driver’s use and operation of his vehicle did not directly cause his injuries and thus did not meet the definition of