Canadian Underwriter

Topic Quebec

News AlbertaCommercial AutoInsurersNew BrunswickOntarioPersonal AutoQuebecTechnology

Why Uber Canada dropped Intact as its insurance provider

September 16, 2020 by Greg Meckbach

Ride sharing firm Uber Canada chose Economical as its insurance provider because Uber would not agree to Intact’s pricing, a senior Intact executive said Tuesday. “We had a very good relationship, we just couldn’t agree on the price,” Intact CFO

News ClaimsInsurersLegalLiabilityPropertyQuebec

Lawsuit filed against makers of Montreal-area dike that burst, flooding town

September 3, 2020 by The Canadian Press

MONTREAL – A Montreal-area town says its insurance company is suing the maker of a dike that burst last spring, flooding streets and forcing thousands of residents from their homes. Officials from Ste-Marthe-sur-le-Lac said Tuesday legal action has been filed

News LegalLiabilityQuebecRisk Managers

Quebec class-action request filed on behalf of alleged victims of ex-hockey coach

September 2, 2020 by Morgan Lowrie - THE CANADIAN PRESS

MONTREAL – A Quebec law firm is launching a $10-million class-action lawsuit on behalf of the alleged victims of a former Montreal police officer and hockey coach who died awaiting trial on sex-related charges. The request for authorization filed Tuesday

News BrokersBusiness InterruptionCommercialPropertyQuebecRisk Managers

What could happen when carriers disagree over commercial property pandemic exclusions

August 31, 2020 by Greg Meckbach

With commercial insurers adding pandemic exclusions to property and business interruption, it can be difficult to place a risk with multiple insurers unless they agree on what that exclusion should look like, a Quebec broker suggests. Some clients, especially during

News AlbertaCommercial AutoEmerging RisksInsurersNova ScotiaOntarioQuebecTechnology

What is the future of ridesharing insurance in Canada?

August 27, 2020 by Jason Contant

Once autonomous vehicle technology becomes commercially feasible for public transportation, it will be widely adopted, predicts Obaid Rahman, vice president of commercial underwriting and specialty lines at Economical Insurance. “In my view, when autonomous technology is commercially viable for public

News BrokersHRInsurersOntarioQuebec

How a cyberattack on a Canadian insurance courier affected brokers and carriers

August 26, 2020 by Jason Contant

Some Canadian brokerages and insurers recently experienced delays in mail pick-up and delivery after a prominent courier service for the Canadian insurance industry suffered a cyberattack. ICS Courier confirmed in a message on its website Monday that it was the

News AlbertaCommercial AutoInsurersNova ScotiaOntarioQuebecTechnology

How possible is a hybrid insurance model for the sharing economy?

August 24, 2020 by Jason Contant

Being able to distinguish between personal and commercial usage is one of the biggest unique differences with underwriting for the sharing economy, but the abundance of data available makes a hybrid insurance model possible, Economical Insurance said recently. “You can

News AlbertaCommercial AutoEmerging RisksInsurersNova ScotiaOntarioPersonal AutoQuebec

Economical to take over commercial ridesharing insurance coverage from Intact

August 21, 2020 by Jason Contant

Economical Insurance will replace Intact Insurance as the commercial auto insurer for Uber in four Canadian provinces effective Sept. 1. Waterloo, Ont.-based Economical announced Tuesday in a press release the “new and significant relationship with Uber in Canada, designed to

News BrokersHROntarioOperationsQuebec

What back to the office looks like for Canadian brokerages

August 20, 2020 by Jason Contant

As businesses across the country continue their staged approach to reopening in the wake of the novel coronavirus pandemic, many brokerages are looking at what this “new normal” means for their company and staff. Some brokerages plan to reopen in

News B.C.BrokersManagementMergers and AqcuisitionsMGAsOntarioQuebec

U.S. wholesale broker expands into Canada with acquisition of SUM

August 11, 2020 by Jason Contant

A United States-based national wholesale insurance broker has acquired Strategic Underwriting Managers, Inc. (SUM), a Canadian managing general agency for property, casualty and other specialty insurance products. Boston-headquartered wholesale broker, program manager, and insurance aggregator One80 Intermediaries announced the acquisition

News ClaimsPropertyQuebec

Isaias downgraded from tropical storm as it blows through Quebec

August 5, 2020 by The Canadian Press

MONTREAL — Environment Canada says Isaias has been downgraded from a tropical storm, but tens of thousands of people across southern Quebec are still in the dark due to power outages it caused. The agency says maximum sustained winds now

News AdjustersAlbertaB.C.CatastrophesClaimsInsurersOntarioPersonal AutoPersonal HomePropertyQuebecTrending

How high cat losses could go this year

August 4, 2020 by Adam Malik

Alberta has become the epicentre for cat losses this year as combined insured damage could reach, if not exceed, $2 billion in the province alone after multiple natural catastrophes have hit various regions over a four-month span. The calculations come