Canadian Underwriter

Topic Personal Auto

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Why Intact didn’t have to pay $10K for a claimant’s proposed medical report

May 17, 2021 by David Gambrill

Ontario’s Licence Appeal Tribunal (LAT) has ruled that Intact Insurance is not obligated to fund a claimant’s $10,200 multidisciplinary report, the purpose of which was to dispute Intact’s decision to cease income replacement benefits after a 104-week period of entitlement.

News ClaimsClaims Canada ArchiveInsurersLiabilityLoss TrendsPersonal Auto

How Intact views auto claims severity during pandemic

May 14, 2021 by Greg Meckbach

The long-tail nature of motor vehicle liability and auto accident benefits claims means a temporary drop in total miles driven due to the pandemic does not necessarily equate to a corresponding drop in premiums for your clients, Intact executives suggest.

News BrokersClaimsCommercial AutoCyberEmerging RisksInsurersPersonal Auto

A cybercriminal hijacks an autonomous vehicle. Who’s responsible for a crash?

May 12, 2021 by Adam Malik

Vehicle manufacturers are likely going to be on the hook for damages following autonomous car crashes in which no human being is controlling the vehicle, a cyber insurance specialist says. “Certainly, one of the more dramatic ways of thinking about

News AlbertaBrokersCommercialMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal HomeSaskatchewan

Merger mania: Multiple brokerage deals announced in May

May 11, 2021 by Jason Contant

May 2021 came in with a bang for Canadian brokerages involved in mergers and acquisitions activity, particularly in western Canada and Ontario.  Over the course of a week, at least seven acquisitions were announced in the Canadian P&C brokerage space.

News ClaimsLoss TrendsPersonal AutoSaskatchewan

Cheque is in the mail: Insurance rebates coming to Saskatchewan drivers

May 11, 2021 by The Canadian Press

REGINA – Saskatchewan’s Crown-owned insurer says it will start mailing rebates on vehicle insurance this week. Saskatchewan Government Insurance says 709,000 cheques are to be sent out. The rebates apply to all vehicles, motorcycles, trailers and snowmobiles for which insurance

News BrokersCommercialCommercial AutoInsurersPersonal AutoPersonal HomeTrendingTrusted Advisor

In the hard market, are you selling on price or coverage?

May 11, 2021 by David Gambrill

Price point and carrier capacity have become increasingly important factors for brokers in recommending insurance coverage to their clients over the past year, according to Canadian Underwriter’s 2021 National Broker Survey. Canadian Underwriter asked 234 Canadian P&C insurance brokers across

News AdjustersB.C.ClaimsClaims ProfessionalsInsurersLegalLiabilityPersonal Auto

How these auto reforms could reduce liability exposure for hospitality clients

May 10, 2021 by David Gambrill

B.C.’s move towards a form of no-fault auto insurance could wind up reducing liability exposure for commercial insureds in the hospitality and other high-risk sectors, according to a recent blog by Borden Ladner Gervais LLP. The province’s no-fault amendments came

News CommercialPersonal AutoPersonal Home

Where Canadians rank among their global peers in how much premium they pay

May 8, 2021 by David Gambrill

Canadians tend to pay higher premium for insurance than citizens in many, if not most, other developed nations, according to a recent report from the C.D. Howe Institute. Three years in the making, the report is authored by Alister Campbell,

News AlbertaBrokersCommercialLegalPersonal Auto

Insurance certificate fraud costs ex-broker $26K

May 5, 2021 by David Gambrill

Alberta’s broker regulator has issued a civil penalty of $26,000 against a former broker found to have issued false insurance certificates to clients as “placeholders” until coverage was bound — which it never was. The penalty was based on 52

News Personal Auto

Canada’s April vehicle sales up 254% from last year’s pandemic low

May 4, 2021 by The Canadian Press

TORONTO – Canadian auto sales in April were up 254 per cent compared with the same month last year, when sales plunged due to lockdowns in the early stages of the COVID-19 pandemic. According to estimates compiled by DesRosiers Automotive

News ClaimsClaims Canada ArchiveLegalLicensingOntarioPersonal Auto

Why insurers like Ontario’s plans to restrict tow trucks

April 29, 2021 by Greg Meckbach

Ontario tow truck operators will be prohibited from stopping within 200 metres of motor vehicle accidents unless they are specifically asked to do so by people involved in the collision. This is what will happen if Bill 282, the Moving

News ClaimsOntarioPersonal Auto

Ontario introducing harsher penalties for speeding, stunt driving

April 27, 2021 by John Chidley-Hill - THE CANADIAN PRESS

TORONTO – Ontario plans to increase penalties for speeding, stunt driving and other traffic violations, saying it has seen a spike in the offences since the pandemic hit. The government introduced legislation Monday that would, among other things, increase vehicle