Canadian Underwriter

Topic Personal Home

News ClaimsPersonal HomeQuebec

Cleanup of trees, debris underway after deadly Quebec tornado

June 22, 2021 by Morgan Lowrie - THE CANADIAN PRESS

MASCOUCHE, Que. – Residents of a town north of Montreal on Tuesday were clearing out tree branches and twisted debris scattered by a deadly tornado that tore through the community and killed one of their neighbours. The tornado Monday afternoon

News InsurersLoss TrendsOperationsPersonal AutoPersonal Home

Canadian P&C industry’s financial results take a turn for the better

June 18, 2021 by David Gambrill

Canada’s property and casualty insurance industry reported a much sunnier financial picture in 2021 Q1 than it did during the same time last year, according to a recent quarterly report by the Property and Casualty Insurance Compensation Corporation (PACICC). Financial

The small town of Okotoks was hit hard by the June floods of 2013, with the river valley rushing and raging through wiping out pedestrian bridges, campgrounds, river banks and pathways.
News CatastrophesClaimsClaims Canada ArchiveInsurersLoss TrendsPersonal HomeProperty

Progress report: Canada-wide flood mapping is well underway

June 16, 2021 by Greg Meckbach

A nationwide estimate of coastal, pluvial, and fluvial flood hazard is one part of the ongoing effort to come up with a national approach to insuring or re-locating homes at high risk of flood, a federal government official suggests. Flood

News B.C.ClaimsClaims ProfessionalsInsurersLegalPersonal Home

Restoration firms beware: Did clients authorize payment for your work?

June 14, 2021 by David Gambrill

A recent flood damage claim in B.C. speaks to the importance of getting in writing from clients exactly what restoration services have been authorized for payment, be it a repair or a full investigation into the cause of the water

News AlbertaCatastrophesClaimsEmerging RisksInsurersPersonal AutoPersonal Home

Look back, but not too far: Why some perils need a new approach 

June 14, 2021 by Jason Contant

The insurance industry needs to look at the “more recent past” and take a shorter-term view of catastrophic perils to see their effects going forward, Swiss Re told Canadian Underwriter recently.   “When we’re looking at recent events, including the 2020

News CatastrophesClaimsEducationEmerging RisksEnvironmentalInsurersPersonal HomeSupply Chain

How to be really customer-centric: Lessons from the global insurance market

June 11, 2021 by Jason Contant

Canada’s property and casualty insurance industry should look towards the global insurance market for some insights about how to increase take-up rates, particularly among marginalized and low-income people, speakers said Thursday at the CatIQ Connect virtual conference. In the global

News AlbertaBrokersCommercialMergers and AqcuisitionsNew BrunswickNova ScotiaOntarioOperationsPersonal AutoPersonal Home

M&A growth sets Navacord on course for $3 billion in premium

June 10, 2021 by Jason Contant

Navacord Corp. has finalized a record number of brokerage acquisitions in one month, with four deals already closed across the country in June. The latest transactions represent a total of 18 new locations and over 430 employees. More deals are

News CatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsInsurersLoss TrendsPersonal HomeProperty

Where Canada sits with national low-cost residential flood insurance 

June 10, 2021 by Greg Meckbach

Six possible flood insurance models for homes at high risk of flood are about to go through an actuarial review, a federal government official suggests. The Task Force on Flood Insurance and Relocation is going to hand off those possible

News CommercialInsurersManagementMGAsOperationsPersonal HomePropertyTechnology

MGA simplifies purchase and validation of tenant’s insurance online

June 9, 2021 by Greg Meckbach

Landlords often require their tenants to have insurance coverage as a condition of the leases, but it could be quite a paper chase to keep track of thousands of tenants and their insurance status. Vancouver-based insurtech and managing general agent

News BrokersCommercialMergers and AqcuisitionsPersonal AutoPersonal HomeSaskatchewan

Westland closes two new acquisitions in Canada

June 8, 2021 by Jason Contant

Westland Insurance Group Ltd. has closed two new acquisitions in Saskatchewan, both in locations where the large brokerage didn’t have a presence before. The brokerage announced Monday it had closed the acquisitions of HK Insurance in Regina and Smith Agencies

News BrokersClaimsInsurersPersonal HomeProperty

How home insurance rates in Canada are trending

June 8, 2021 by Adam Malik

Home insurance rates in Alberta today have jumped nearly two-and-a-half times more than what they were 10 years ago, according to an analysis from a rate aggregator. Average home insurance premiums in Alberta have gone from $741 to $1,779 since

News CatastrophesClaimsEmerging RisksInsurersLoss TrendsPersonal Home

Why Canada could be in the path of stronger hurricanes in the future

June 7, 2021 by Jason Contant

Canada could see heightened hurricane risk in the future, as climate change and fluctuations in ocean temperature are increasing the likelihood of stronger hurricanes making landfall further north, according to Swiss Re. “We see an increased likelihood of intense hurricanes