Canadian Underwriter

Topic Personal Home

Broker at a desk meeting with consumer and reviewing a policy
News BrokersCommercialCommercial AutoInsurersPersonal AutoPersonal Home

How satisfied Canadian consumers are with their insurer

May 26, 2023 by Alyssa DiSabatino

Despite the hard market slowing down service capabilities in some areas of the P&C industry, Canadian consumers seem satisfied with their insurance policies, according to a recent survey by insurance software company Duck Creek Technologies.   Almost all insured Canadians

Talent acquisition concept
News AlbertaBrokersCommercialHRManagementMergers and AqcuisitionsNew BrunswickNewfoundland & LabradorNova ScotiaOntarioPersonal AutoPersonal Home

BrokerLink president shares thoughts on brokerage M&A

May 24, 2023 by Jason Contant

BrokerLink still sees plenty of M&A opportunities in provinces where it currently operates and doesn’t have any immediate plans to expand into new geographic areas, the brokerage’s president told Canadian Underwriter in an interview Tuesday. BrokerLink is focusing its resources

Forest fire in NWT
News ClaimsClaims Canada ArchiveEnvironmentalNWTPersonal Home

More than half of N.W.T. wildfires so far this season caused by humans: officials

May 24, 2023 by The Canadian Press

HAY RIVER, N.W.T. – Officials in the Northwest Territories say more than half of the wildfires in the territory this year were started by people. A total of 15 wildfires have burned 161 square kilometres across the territory so far

A structure destroyed by a wildfire in Drayton Valley, Alta.
News AlbertaCatastrophesClaimsClaims Canada ArchiveInsurersPersonal Home

Rain could slow down record-breaking Alberta wildfires, officials say

May 23, 2023 by Rob Drinkwater - THE CANADIAN PRESS

EDMONTON – Light rainfall and cooler temperatures slowed down wildfire activity in Alberta over the long weekend and more rain that’s in the forecast may help firefighters catch a breath during a record-breaking season of fires. “This could be a

A structure destroyed by a wildfire in Drayton Valley, Alta.
News AdjustersAlbertaB.C.ClaimsClaims Canada ArchiveEnvironmentalPersonal HomeSaskatchewan

Some residents return home two weeks after Alberta wildfire evacuation

May 18, 2023 by Kelly Geraldine Malone and Angela Amato - THE CANADIAN PRESS

The mayor of a west-central Alberta town said it was emotional to return home nearly two weeks after an out-of-control wildfire forced residents to flee, but thousands elsewhere remain on edge as scores of fires continue to rage across much

Two groups in parentheses strive for unity. Generalization and reunification into a larger organization. Merger of companies, joining forces. Reconciliation and consensus.
News BrokersCommercialInsurersMergers and AqcuisitionsPersonal AutoPersonal Home

McDougall-McFarlan merger just the beginning for Definity

May 15, 2023 by David Gambrill

McDougall’s $232-million merger with Ontario brokerage McFarlan Rowlands last week is only the beginning for Definity, which is seeking more M&A growth to put it into the Top-5 P&C insurance companies in Canada. In its 2023 Q1 earnings call, Definity

A closeup of a seismograph machine needle drawing a red line on graph paper depicting seismic and earthquake activity - 3D render
News B.C.CatastrophesClaimsEmerging RisksEnvironmentalInsurersLoss ControlLoss TrendsOntarioPersonal HomeQuebec

National disaster report highlights industry loss potential

May 12, 2023 by Alyssa DiSabatino

A major earthquake in British Columbia or the Ontario-Quebec region could become the costliest natural disasters Canada has seen, a new government of Canada report warns.  Of pertinence to the industry, as insured damages for a severe earthquake could broach

Police block the road into the wildfires near Entwhistle Alberta on Sunday May 7, 2023. THE CANADIAN PRESS/Jason Franson.
News AlbertaClaimsEnvironmentalPersonal Home

Military help on the way to battle ‘unprecedented’ Alberta wildfires, Bill Blair says

May 11, 2023 by Bill Graveland - THE CANADIAN PRESS

Federal Emergency Preparedness Minister Bill Blair says Canadian Forces personnel are being deployed to help with an “unprecedented” wildfire situation in Alberta.   Alberta has declared a state of emergency. There were 82 active wildfires as of Thursday morning, with 23

Forest fire in British Columbia
News B.C.ClaimsEnvironmentalPersonal Home

High temperatures in B.C. pose threat of new wildfires 

May 9, 2023 by The Canadian Press

Rain and cooler temperatures in northeastern British Columbia will help suppression efforts for two out-of-control wildfires, but high temperatures forecast for later this week may pose a new threat, says a BC Wildfire Service spokesman.   Cliff Chapman, the director of

Man tossing sandbags from wheelbarrow to help prevent flooding
News B.C.ClaimsEnvironmentalPersonal Home

Waters recede in parts of flood-ravaged B.C. as half of province remains under threat

May 8, 2023 by The Canadian Press

CACHE CREEK, B.C. – Much of British Columbia’s Interior continued to be under the threat of flooding triggered by rain and warm weather Sunday, but water levels appeared to be receding at one of the hardest hit communities.   Even

Mergers and acquisitions concept
News BrokersCommercialCommercial AutoMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal Home

Westland expands reach in Ontario with latest acquisition

May 5, 2023 by Jason Contant

Westland Insurance has acquired Ontario-based First Durham Insurance & Financial Ltd., one of the largest and oldest full-service independent brokerages in the Durham Region. “Effective May 1, this acquisition helps Westland expand its reach in the important Ontario market,” Westland

Wildfire in Alberta
News AlbertaClaimsPersonal Home

Thousands ordered to leave Alberta town due to wildfire

May 5, 2023 by The Canadian Press

DRAYTON VALLEY, Alta. – An out-of-control wildfire has caused thousands of people to flee their homes in Drayton Valley, Alta., and the surrounding rural area. An evacuation order was issued Thursday night instructing more than 7,000 residents to leave the