Canadian Underwriter

Topic Personal Auto

News Mergers and AqcuisitionsPersonal AutoPersonal Home

RSA shareholders approve Intact-Tryg takeover

January 18, 2021 by Greg Meckbach

Intact Financial Corp.’s proposed takeover of RSA Canada has crossed two additional hurdles. The deal was approved Monday by a majority of shareholders of London-based RSA, Intact said in a release. Canada’s federal competition bureau has also approved the deal,

News BrokersInsurersLicensingManitobaPersonal AutoTrusted Advisor

Brokers negotiate major role in this province’s digital auto insurance distribution

January 14, 2021 by Greg Meckbach

Manitoba’s brokers will provide input on designing a system for online auto insurance in the province and will be involved in every digital transaction, says the provincial broker association. A recently-signed, five-year agreement between Manitoba Public Insurance (MPI) and the

News InsurersOperationsPersonal AutoPersonal HomeTechnology

How many people TD says will soon buy insurance online

January 12, 2021 by Adam Malik

Canadian customers may have been slower to adopt to digital options when it comes to insurance in the past but one insurer executive expects the tables to turn rather quickly, predicting half of its customers buying insurance online in the

News InsurersPersonal AutoTechnology

Where auto insurance rate could go this year

January 11, 2021 by Adam Malik

Auto insurance rates on the whole have softened thanks to the COVID-19 pandemic. But as vaccines offer a glimmer of hope of a return to something resembling pre-crisis normal, it’s up in the air as to what will happen to

News BrokersCommercialCommercial AutoInsurersOperationsPersonal AutoPersonal Home

Opinion: Why you should pursue subrogation more often

January 7, 2021 by Wilfred Tioh, SIAdvisers Consulting & Solutions

The most lucrative opportunities are often hidden in plain sight, and that is true of subrogation. Subrogation has long been overlooked as an opportunity for insurers to generate a lucrative revenue stream and improve long-term business. A detailed investigation for first-party

News B.C.BrokersCommercialMergers and AqcuisitionsNew BrunswickNova ScotiaOperationsPersonal AutoPersonal HomeQuebec

Brokerage M&A off to a strong start in 2021

January 7, 2021 by Jason Contant

Large Canadian brokerage Westland Insurance Group Ltd. now has a coast-to-coast presence with its acquisition of Storm Insurance Group, which has offices in Nova Scotia and Quebec. The deal, which closed Wednesday, is one of three acquisitions closed or announced

News ClaimsInsurersOntarioPersonal Auto

Police looking for driver, passengers after vehicle not found at site of reported crash

January 7, 2021 by The Canadian Press

NORFOLK COUNTY, Ont. – Ontario Provincial Police are searching for people involved in a reported rollover collision after officers couldn’t find the damaged vehicle. The Norfolk County detachment says a witness reported seeing a pickup truck that had rolled over

News InsurersLegalOntarioPersonal Auto

Mystery solved: Phantom passenger loses accident benefits case

January 6, 2021 by David Gambrill

Ontario’s Licence Appeal Tribunal (LAT) has denied accident benefits to a claimant who said she had been injured in an auto collision, finding that the claimant could not prove she was actually in the car when the accident happened. Maxine

News CommercialInsurersOperationsPersonal AutoPersonal Home

The case for retaining clients instead of finding new ones

January 5, 2021 by Adam Malik

The insurance industry is putting a disproportionate amount of effort in bringing new customers to their business and not investing enough in client retention, which is a far more affordable strategy, says an industry observer. Further plaguing the industry is

News EducationInsurersLegalOperationsPersonal AutoPersonal HomeTechnology

The ‘strange and new opportunity’ for insurance from open banking

January 4, 2021 by Greg Meckbach

If Canada proceeds with so-called “consumer-directed finance,” technology firms could potentially get access to consumers’ insurance data, a Microsoft Canada expert told brokers during a recent webinar. The federal finance department appointed its Advisory Committee on Open Banking in 2018.

News LiabilityLoss ControlLoss TrendsPersonal Auto

Honda recalls 130,000 vehicles in Canada

December 17, 2020 by The Canadian Press

MARKHAM, Ont. – Honda says it will recall 130,000 vehicles in Canada, including certain Fit, Civic, Accord, Insight and Acura ILX models, after announcing a similar recall of 1.4 million vehicles in the U.S. The automaker says 96,761 of the

News ClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLegalLiabilityOntarioPersonal Auto

How family protection endorsement works when multiple tortfeasors liable

December 16, 2020 by Greg Meckbach

A Court of Appeal for Ontario ruling that reduced an Ontario auto insurer’s liability by more than $500,000 is now final. The Supreme Court of Canada announced Dec. 10 it will not hear an appeal from Gregory Tuffnail, who was