Canadian Underwriter

Topic Personal Home

Big forest fire and clouds of dark smoke in pine stands. Flame is starting to damage the trunk. Whole area covered by flame
News AdjustersBrokersCatastrophesClaimsClaims ProfessionalsCommercialInsurersNewfoundland & LabradorPersonal Home

Newfoundland’s largest wildfire in 60 years: what the P&C industry needs to know

August 8, 2022 by Alyssa DiSabatino

A long-burning forest fire in Newfoundland has charred over 10,800 hectares, but one claims professional says they’ve yet to see any claims come through, since the affected areas are not densely populated.  The fire has been burning for close to

Heavy rain clouds on the Prairies
News AdjustersAlbertaCatastrophesClaimsEnvironmentalPersonal AutoPersonal Home

Recent Alberta storms: Two Cat tornadoes and record-breaking hail

August 8, 2022 by Jason Contant

Two tornadoes in southern Alberta that damaged homes and vehicles in July have been declared catastrophes by Catastrophe Indices and Quantification Inc. (CatIQ), Insurance Bureau of Canada (IBC) confirmed to Canadian Underwriter Monday. The July 7 tornado near Bergen and

Dangerous staircase at a business to represent insurer risk
News BrokersClaimsCommercialCommercial AutoConstructionCyberEmerging RisksInsurersLoss ControlLoss TrendsPersonal AutoPersonal HomeProperty

Inflation creates opportunities for brokers to revisit risks with clients

August 8, 2022 by Philip Porado

Recent inflation trends notwithstanding, data from the past few quarters indicate premiums are stabilizing as the P&C industry eases out of the hard market, said Celyeste Power, executive vice president, strategic initiatives and advocacy at the Insurance Bureau of Canada

Family home with car in the driveway
News AlbertaB.C.BrokersInsurersLoss TrendsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoPersonal HomeQuebecSaskatchewan

Is the personal lines hard market abating?

August 4, 2022 by Jason Contant

Personal lines in Canada’s property and casualty insurance industry still appear to be in the grip of a hard market cycle, with both personal auto and property premium rates generally showing high, single-digit rate increases. On average, personal auto quoted

Forest fire burning in Penticton, B.C.
News B.C.ClaimsEnvironmentalPersonal Home

Wildfire burning near ski resort forces evacuation of hundreds

August 3, 2022 by Jason Contant

A growing wildfire in British Columbia’s Okanagan area has forced the evacuation of more than 300 properties in the ski resort community. These properties, including the Apex Mountain Ski Resort in Penticton, were ordered evacuated as the fire showed “aggressive

Burned out buildings in Lytton, B.C.
News AdjustersAlbertaB.C.ClaimsClaims ProfessionalsCommercialCommercial AutoConstructionEnvironmentalInsurersLoss ControlLoss TrendsOntarioPersonal AutoPersonal HomeProperty

2021 Cat frequency ties 2008 for second place

August 3, 2022 by Glenn McGillivray

Severe weather cost Canadian insurers $2.25 billion in 2021, placing the year in the Top 5 for losses according to Catastrophe Indices and Quantification Inc. (CatIQ). Last year, 14 events with $25 million in claims or higher were declared nationwide,

News BrokersInsurersPersonal AutoPersonal Home

Intact provides update on RSA integration

July 29, 2022 by Alyssa DiSabatino

A year after RSA Insurance Group plc was acquired by Intact Financial Corporation, nearly all personal lines broker policies, and commercial lines small business and fleet policies in Canada, have been converted to Intact systems, the insurer reported. “I’m pleased

Man attempting to steal a car
News ClaimsLegalOntarioPersonal AutoPersonal Home

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

Stack of 45-rpm hit records
News BrokersCatastrophesClaimsCommercialCommercial AutoConstructionCyberInsurersLoss ControlPersonal AutoPersonal HomeProperty

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
News BrokersCommercialCommercial AutoConstructionCyberHRInsurersManagementMergers and AqcuisitionsOperationsPersonal AutoPersonal HomeProperty

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
News BrokersClaimsLegalManitobaPersonal Home

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
News ClaimsEnvironmentalOntarioPersonal Home

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