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ServiceOntario employees charged in relation to theft of hundreds of vehicles

July 29, 2022 by Noushin Ziafati - THE CANADIAN PRESS

Police say they’ve charged 28 people in Ontario and Saskatchewan, including several ServiceOntario employees, following an investigation into the fraudulent modification and sale of hundreds of stolen vehicles. In a news release Thursday, Ontario Provincial Police said they began an

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P&C industry’s 2021 results: A one-hit wonder?

July 28, 2022 by Glenn McGillivray

Last year was generally the most favourable for Canada’s insurers in a while – since 2006 as a matter of fact – with the industry’s return on equity (ROE) coming in at a solid 17.2% (against 11.2% in 2020). ROE

Business person walking through a target to illustrate specialization
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Is specialization the best route to broker independence?

July 27, 2022 by Jason Contant

A bevy of challenges, including M&A frenzy, rapidly evolving technology, automation and directs, has spurred some independent brokerages to focus on specialization. And some are even divesting of personal lines. “From a client perspective, it’s great to have a broker

Firemen Putting Out a House Fire Disaster
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Brokerage E&O 101: How to win lawsuits against evasive clients

July 27, 2022 by David Gambrill

Taking notes and attaching them to a client’s file as part of an everyday business practice allowed a veteran broker at Wyatt Dowling Insurance Brokers to win a lawsuit launched by her client over two cars that burned up in

The aftermath of a tornado in Tweed, Ont. on July 25
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Environment Canada confirms tornado touched down north of Belleville, Ont.

July 26, 2022 by The Canadian Press

Environment Canada has confirmed at least one tornado touched down in an area north of Belleville, Ont., as severe thunderstorms swept through parts of southern and eastern Ontario on Sunday night. In a preliminary report, the weather agency says staff

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Storm that lashed Laurentians likely a tornado, Environment Canada says

July 25, 2022 by Adina Bresge and Virginie Ann - THE CANADIAN PRESS

The churning storm that toppled trees and battered homes in the Laurentians was likely a tornado, a meteorologist with Environment Canada said Sunday. The national weather agency said forceful winds lashed the area around Saint-Adolphe-d’Howard, Que., about 100 kilometres northwest

A wildfire is spreading just west of already fire-ravaged Lytton, B.C.
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What the latest wildfire near Lytton, B.C. reveals

July 22, 2022 by Jason Contant

The out-of-control wildfire burning near Lytton, B.C. shows the community and its surrounding area are at high risk of repeated fires, said Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR). The Nohomin Creek wildfire about 1.7

Tree fallen on power line during a storm
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Storm causes property damage in southeast Alberta

July 19, 2022 by The Canadian Press

MEDICINE HAT, Alta. – Alberta Emergency Alert says a storm has caused damage to homes and vehicles in the southeastern corner of the province. It initially called it a tornado, but now says it was a storm with dangerous and

Group of businesspeople shaking hands representing an M&A deals
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BrokerLink closes three more acquisitions across Canada

July 15, 2022 by Jason Contant

BrokerLink is continuing its expansion into Alberta, Ontario and Atlantic Canada with the acquisition of three more brokerages over the past couple months. A subsidiary of Intact Financial Corporation, BrokerLink closed the acquisition of New Brunswick-based McTague Insurance on June

A wildfire is spreading just west of already fire-ravaged Lytton, B.C.
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Out-of-control blaze grows near fire-ravaged Lytton, B.C.

July 15, 2022 by The Canadian Press

LYTTON, B.C. – A wildfire blazing just west of Lytton, B.C., has now scorched five square kilometres of trees and bush, more than doubling in size in less than 12 hours. BC Wildfire Service spokeswoman Taylor Colman says the out-of-control

Egg in a vice to illustrate high pressure on workers.
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Hard market challenges aside, brokers not racing for the exits

July 12, 2022 by David Gambrill

Canada’s hard market in insurance remains the Number 1 concern of new and experienced brokers alike, as well as brokerages big and small, according to Canadian Underwriter‘s 2022 National Broker Survey. The gender split among respondents was most prominent, with

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Inflation might not lead to higher claims amounts in Canada

July 8, 2022 by Philip Porado

With overall consumer inflation near 40-year highs, can sharply rising claims costs and social inflation be far behind? It’s too soon to tell, an Aon expert tells Canadian Underwriter. Speculation that consumer price inflation might spark social inflation for casualty