Canadian Underwriter

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Average personal auto premiums drop in Q3 2021; personal property up

October 21, 2021 by Phil Porado

Personal auto premium average dropped 2.7% in 2021’s third quarter compared with the same period a year ago but rose 9.4% when compared to second quarter 2021, according to the latest Applied Rating Index, which reports Canada-wide personal auto and

News LegalPersonal Home

B.C. seeks forfeiture of $2.8M condo owned by alleged COVID-19 violator

October 19, 2021 by The Canadian Press

VICTORIA – A civil action has been filed in British Columbia Supreme Court that could see the owner of a condo in Vancouver stripped of his property after allegedly violating COVID-19 restrictions. The director of civil forfeiture filed the claim

News B.C.CatastrophesClaimsPersonal Home

Wildfire that destroyed Lytton, BC was not train-related, safety board finds

October 15, 2021 by Jason Contant

There is no evidence that railway operations contributed to the wildfire that destroyed the town of Lytton, British Columbia this summer, an investigation from the Transportation Safety Board of Canada (TSB) has found. “The TSB has not identified any link

News LegalLicensingPersonal AutoPersonal HomeTechnology

Why open banking could ‘terrify’ brokers

October 8, 2021 by Greg Meckbach

If open banking comes to Canada, this could make it easier for fintechs and banks to offer embedded insurance and it will be hard to stop firms from using open banking data for underwriting purposes, a technology executive predicts. Open

News InsurersLiabilityOntarioPersonal Home

Home insurance can be more expensive in smaller towns: experts

October 8, 2021 by Salmaan Farooqui - THE CANADIAN PRESS

As some Canadians are priced out of larger cities and look to move to smaller communities, insurance experts say homebuyers should be aware that life in a small town can often mean higher home insurance premiums. According to financial products

News AlbertaBrokersCommercial AutoConstructionManagementMergers and AqcuisitionsOntarioPersonal AutoPersonal HomeQuebec

The latest acquisitions from Westland and Hub

October 7, 2021 by Jason Contant

Large brokerages Westland Insurance Group Ltd. and Hub International Limited have both announced recent mergers and acquisitions activity. On Tuesday, Surrey, B.C.-headquartered Westland said it had acquired personal and commercial lines brokerage Insurance Unlimited in Mississauga, Ont. The following day,

News Emerging RisksOntarioPersonal Home

Phasing out gas generation by 2030 would lead to blackouts, higher bills, report says

October 7, 2021 by The Canadian Press

TORONTO – Ontario’s electricity system operator says phasing out natural gas generation by 2030 would result in rotating blackouts and higher electricity bills. The Independent Electricity System Operator examined the idea after 31 municipal councils in the province called for

Feature AdjustersB.C.CatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss TrendsPersonal HomeProperty

A fire season like none other

October 6, 2021 by Jason Contant, Online Editor

Even as B.C. wildfires continue to burn, investigations begin and claims start rolling in.

Feature AdjustersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsConstructionInsurersLoss ControlLoss TrendsOntarioPersonal HomePropertySupply Chain

Tornado blows change through Ontario bylaws

October 5, 2021 by Jason Contant, Online Editor

Municipalities respond to series of tornadoes with new rules governing building construction.

News Personal Home

Empty nest: How to talk to your clients about vacant home policies

September 29, 2021 by Brooke Smith

Clients may need a vacant home policy for several reasons. “The most common one right now is people purchasing properties and looking to either improve them or completely rebuild,” said Rhys Doiron, group home & auto coordinator with Ontario brokerage

News BrokersPersonal Home

Brokers must explain what’s included in homeowners’ policies

September 28, 2021 by Brooke Smith

Home is where the heart is. But if your clients aren’t passionate about their home insurance policies, it’s your job to help them understand their coverages. While one part of a homeowner’s policy covers the building itself and the belongings

News AlbertaCatastrophesClaimsInsurersPersonal AutoPersonal HomeSaskatchewan

Storms in Saskatchewan and Alberta cost $120 million: CatIQ

September 27, 2021 by Jason Contant

Two storms this summer across Saskatchewan and Alberta caused a total of $120 million in insured damage, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). Severe storms beginning Aug. 31 brought flash flooding and large hail that