Canadian Underwriter

Topic Personal Auto

Workers cleaning up devastation from Hurricane Fiona
News AdjustersCatastrophesClaimsClaims ProfessionalsClaims TechnologyCommercialEnvironmentalNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Personal AutoPersonal HomeProperty

What claims adjusters are seeing from Fiona

September 28, 2022 by Jason Contant

Claims adjusters are seeing a wide variety of personal and commercial lines claims in the wake of post-tropical storm Fiona – everything from food spoilage and infrastructure claims to total losses. “Currently, we are seeing claims for personal and commercial

Threads intertwining to represent mergers of eight companies
News AlbertaB.C.BrokersBusiness InterruptionCommercialCommercial AutoConstructionCyberEnvironmentalHRLegalLiabilityManitobaMergers and AqcuisitionsMGAsOntarioOperationsPersonal AutoPersonal HomePropertyTrusted Advisor

Which firm racked up 8 mergers over the summer?

September 28, 2022 by Canadian Underwriter Staff

Brokerage M&A has been hectic so far in 2022, with one firm bringing eight brokerages across Canada under its wing during the summer. Navacord today announced it closed eight acquisitions during July and August that expands the company’s presence in

Auto accidents illustrate the need to avoid distracted driving
News BrokersClaimsCommercial AutoInsurersOntarioPersonal AutoPersonal HomePropertyTrusted Advisor

Texting while driving, and 4 other things that boost clients’ premiums

September 27, 2022 by Canadian Underwriter Staff

Client sent a text while driving and got caught? A conviction for that infraction beyond the police fine can cost a driver a 70% premium hike when it’s time to renew, said a new study from RatesDotCa. The study was

Form containing fraudulent data
News ClaimsEmerging RisksPersonal AutoPersonal HomePropertyTrusted Advisor

Is Canada’s insurance industry becoming an online fraud target?

September 26, 2022 by Canadian Underwriter Staff

Canada’s insurance industry saw the highest increase in digital fraud attempts—up 125% between Q2 2021 and Q2 2022—of all industries in the country that were screened as part of a quarterly study from credit-reporting firm TransUnion. The only Canadian industries

Percentage signs going up the stairs to represent climbing interest rates
News ClaimsCommercialCommercial AutoConstructionCyberEmerging RisksManagementPersonal AutoPersonal Home

How rising interest rates impact insurers’ investment decisions

September 23, 2022 by Philip Porado

Recent interest rate hikes aimed at curbing inflation, and the potential for more rate hikes next year, has the insurance industry keeping an eye on its investment returns. But while the transition from a low-interest-rate environment to a higher-rate environment

The increased costs of inflation on auto insurance
News ClaimsInsurersOntarioPersonal AutoSupply Chain

Ontario auto: The impact of inflation on rate increases

September 22, 2022 by Jason Contant

Financial Services Regulatory Authority of Ontario’s (FSRA) recent approval of auto insurance rate increases for several insurers signals inflation may finally be making its way into the world of auto insurance prices, according to rate comparison site Ratesdotca. “Currently, FSRA

Group of diverse businesspeople following a merger
News AlbertaB.C.BrokersCommercialHRManagementMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal HomeYukon

CapriCMW and Rogers Insurance announce merger

September 20, 2022 by Jason Contant

British Columbia-based CapriCMW and Alberta-based Rogers Insurance have announced that they have merged and will be known as Acera Insurance. The merger will create a company with 1,000 employees located in more than 50 offices across Alberta, B.C., Ontario and

Gen Z woman working on her finances
News BrokersPersonal AutoPersonal HomePropertyTrusted Advisor

Which generations most want a broker’s advice?

September 20, 2022 by Canadian Underwriter Staff

Younger Canadians are more receptive to getting insurance advice from brokers, said a new survey commissioned by Chubb that examined attitudes across five generations. Specifically, the study found 46% of respondents in generation Z, which it defined as those born

Used car with for sale sign in window
News BrokersCommercial AutoEducationInsurersLoss ControlOntarioPersonal AutoPropertyTrusted Advisor

Brokers can help clients avoid purchasing stolen vehicles

September 19, 2022 by Philip Porado

One of the best things a broker can do for a client planning to buy a used car is to provide tips for making sure that vehicle isn’t stolen, said Bryan Gast, vice president of investigative services with Équité Association.

A man sits at a desk with a laptop and stack of papers while a line forms behid the first person he's serving
News BrokersClaimsClaims TechnologyCommercialCommercial AutoEmerging RisksInsurersPersonal AutoPersonal Home

Industry hasn’t done a great job of service: broker execs

September 16, 2022 by Alyssa DiSabatino

The Canadian P&C industry hasn’t done a great job of service, says one industry CEO in an executive panel discussion at RIMS Canada Conference in Halifax.  What’s the good news? The industry can meet and maintain service levels through collaborative

Office workstation top view with businesspeople working around M&A
News B.C.BrokersCommercialManagementMergers and AqcuisitionsNova ScotiaOntarioOperationsPersonal AutoPersonal Home

Busy month in M&A for BrokerLink, Westland

September 14, 2022 by Jason Contant

BrokerLink and Westland Insurance Group announced a series of brokerage M&A deals in September, including the acquisitions of a total of four brokerages and one employee benefits firm between them.  BrokerLink announced the acquisition of J.W. Davis Insurance Brokers and

Arrows pointing up symbolizing business growth
News CatastrophesClaimsCommercialEnvironmentalInsurersLoss TrendsManagementMergers and AqcuisitionsOperationsPersonal AutoPersonal Home

Post-demutualization: Definity’s plans for the future

September 13, 2022 by Jason Contant

Definity Financial Corporation is maintaining its goal of becoming a Top 5 insurance company through a combination of organic growth and M&A activity, Definity president and CEO Rowan Saunders suggested during a recent financial services conference. “One of the drivers