Canadian Underwriter

Topic Ontario

Miniature wooden houses lined up beside each other and red arrow above them. Represents increasing house premiums.
News OntarioPersonal Home

Why home insurance rates are rising in 2022

January 17, 2022 by Alyssa DiSabatino

Home insurance policyholders can expect an average 5% rate increase in 2022, according to a report from RatesDotCa.   The average cost for home insurance in Ontario in 2021 was $1,342, per RatesDotCa. A 5% increase would translate into a

News ClaimsOntario

Ontario snowstorm isn’t a Cat event – yet

January 17, 2022 by Philip Porado

Heavy snowfall in Ontario isn’t resulting in claim levels associated with a catastrophe event. But time may tell a different story. “We are seeing some increase in auto claims which is typical for snowstorms,” Heather Matthews, chief client officer of

Sandbox playground surrounded by green grass
News Emerging RisksOntarioOperationsTechnology

Ontario regulatory sandbox helps fintechs develop digital insurance products

January 14, 2022 by Clinton d’Souza, Marsh Canada

For children, the sandbox is a place to build, and experiment without facing the risks and dangers of the real world. But sandboxes of a different type allow start-ups to develop innovative products, services and business models without immediately facing

News ClaimsCommercialOntario

One dead, five missing after explosion, fire at Ottawa tanker truck manufacturer

January 14, 2022 by Mia Rabson - THE CANADIAN PRESS

OTTAWA – One man is dead and five people are missing after an explosion at an Ottawa tanker-truck manufacturer Thursday. Neil Greene, the owner and president at Eastway Tank Pump and Meter Ltd. said Friday he is “completely devastated.” “My

News EnvironmentalNewfoundland & LabradorOntarioPersonal HomeQuebec

The insured damage cost of December’s windstorm in eastern Canada

January 13, 2022 by Alyssa DiSabatino

The windstorm that swept across Ontario, Quebec and the Atlantic provinces between Dec. 11 and 14 caused more than $152 million in insured damage, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ).  The eastern Canada windstorm brought strong

News ClaimsClaims Canada ArchiveCommercialEnvironmentalInsurersLegalLiabilityOntario

Excess of loss case should be heard in Canada, not New York: court

January 10, 2022 by David Gambrill

Several excess insurers have lost their bid to have a lawsuit take place in New York instead of Ontario in a mining insurance case brought before the Ontario Superior Court of Justice. Nine of 22 excess insurers argued that the

News AlbertaBrokersCommercialCommercial AutoMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal Home

Westland acquires brokerages in Ontario, Alberta

January 7, 2022 by Jason Contant

Westland Insurance has announced its first brokerage acquisitions of 2022 — Bunnell Hitchon Insurance Brokers in Ontario, and Rigby Insurance in Alberta. Bunnell Hitchon, in Brantford and Milton, Ont., was founded in 1890 and offers a wide range of personal

Office workstation top view with businesspeople working around M&A
News BrokersCommercialOntarioPersonal AutoPersonal Home

Western Financial rings in New Year with acquisition

January 6, 2022 by Jason Contant

Western Financial Group began the New Year with the announcement that it has acquired a full-service brokerage located in southern Ontario. Western Financial’s latest acquisition of Wiesner Insurance Inc. “adds a significant commercial interest in Ontario,” the large brokerage said

News CommercialOntario

Businesses wants more government support amid latest Ontario COVID shutdown

January 6, 2022 by Holly McKenzie-Sutter - THE CANADIAN PRESS

TORONTO – Ontario businesses were hit with another round of pandemic-related closures and capacity restrictions Wednesday, but details of financial support remained scant as the measures took effect. Restaurants, gyms, cinemas and other indoor venues were forced to close while

News AlbertaB.C.CatastrophesNewfoundland & LabradorOntarioQuebec

Heat dome, flooding, drought: A list of Canada’s Top 10 weather events in 2021

December 29, 2021 by The Canadian Press

Dave Phillips, senior climatologist with Environment Canada, has been compiling a Top 10 list of Canada’s weather events for more than two decades. Here are his picks for 2021:   Heat dome in Western Canada: At the end of June,

News AdjustersClaimsClaims Canada ArchiveClaims ProfessionalsLegalOntarioPersonal Auto

Lawsuit arising from 1982 vehicle accident dismissed in 2021

December 20, 2021 by Greg Meckbach

A negligence lawsuit against a plaintiff’s lawyer by an Ontario claimant who was injured in a 1982 motor vehicle accident has been thrown out of court. The claimant settled his accident benefits and tort claims in 1999, when he was

News ClaimsClaims Canada ArchiveConstructionLegalLiabilityOntario

Supreme Court mulls municipal liability in construction site death

December 13, 2021 by Greg Meckbach

The Supreme Court of Canada will consider the question of what risk a municipality has when someone is killed or injured on a construction site when a contractor is involved. Specifically, the top court announced Dec. 9 it will hear