Canadian Underwriter

Topic Personal Home

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

News B.C.CatastrophesClaimsClaims Canada ArchiveInsurersLoss ControlLoss TrendsPersonal HomePropertyRisk Managers

Okanagan Lake area wildfire could cost the industry nearly $80 million

September 24, 2021 by Greg Meckbach

An interior British Columbia wildfire this past August, which forced the evacuation of more than 1,000 properties, will cost the industry an estimated $77 million, the Insurance Bureau of Canada said Thursday. The White Rock Lake fire began on Aug.

B.C. wildfires
News CatastrophesClaimsLoss TrendsPersonal HomeProperty

Insurance Bureau reacts to federal election results

September 22, 2021 by Greg Meckbach

Canada’s new government needs to focus on climate adaptation, says the industry’s association of property and casualty insurers. “After an unprecedented year of heat and wildfires across much of Canada, climate adaptation must receive more attention in the coming months

News AlbertaB.C.ClaimsConstructionInsurersOntarioPersonal Home

For how long will condo insurance rates continue to climb?

September 20, 2021 by Jason Contant

Rising condo insurance premiums will continue at least through the first two quarters of 2022, according to LowestRates.ca’s latest Home Insurance Price Index. Condo insurance premiums are continuing to rise in Canada, sustaining a years-long increase, the rate comparison site

News B.C.ClaimsPersonal Home

Drought weakened trees, fall storms could mean more power outages: BC Hydro

September 17, 2021 by The Canadian Press

VANCOUVER – Residents across British Columbia are being advised to prepare a well-stocked emergency kit for what BC Hydro warns could be a stormy fall and winter made worse by the effects of a severe summer drought. The latest report

Contractor on ladder with cell phone figuring out hail damage repair costs for customer.
News CatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsConstructionLoss TrendsPersonal HomeProperty

Why Intact CEO predicts more rate increases for homeowners

September 16, 2021 by Greg Meckbach

Despite a significant industry-wide drop, over three years, in home insurance loss ratios, the CEO of Canada’s biggest carrier is predicting rate increases. “In home insurance, our perspective is that we will see a mid- to upper-single-digit rate increase environment,”

News AdjustersBrokersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsLoss TrendsNewfoundland & LabradorPersonal HomeProperty

Will Hurricane Larry meet the cat threshold?

September 14, 2021 by Greg Meckbach

Losses to Canadian clients, from Hurricane Larry, seem to be comprised mainly of wind damage to residential property on Newfoundland Avalon’s peninsula, according to reports from adjusters so far. Hurricane Larry, which originated in the North Atlantic Ocean, passed by

looking up car insurance rates on a laptop
News Commercial AutoMergers and AqcuisitionsPersonal AutoPersonal Home

RATESDOTCA acquires LowestRates.ca

September 14, 2021 by Jason Contant

Editor’s Note: This story has been updated to include information from RATESDOTCA.   Rate comparison site RATESDOTCA has acquired fellow aggregator LowestRates.ca. LowestRates.ca will continue to operate as a separate site and independent source of financial services information and rates,