Canadian Underwriter

Topic Saskatchewan

Person handing a stack of money toward the camera as a form of insurance salaries
News AlbertaB.C.BrokersCommercialCommercial AutoInsurersManitobaOntarioPersonal AutoPersonal HomeQuebecSaskatchewan

What commercial and personal lines brokers make in 2024

March 18, 2024 by Alyssa DiSabatino

Across the country, commercial lines property and casualty insurance broker executives and commercial lines team leads and managers make more money on average than their personal lines counterparts, Impact Recruitment’s newest data shows.  The second iteration of Impact’s annual Insurance

Blizzard in city. Winter weather. Deep snow
News AlbertaB.C.CatastrophesClaimsInsurersManitobaSaskatchewan

What Western Canada’s deep freeze cost insurers

March 11, 2024 by David Gambrill

Canada’s property and casualty insurers rang in 2024 by paying out $180 million to repair damage caused by Western Canada’s deep freeze in mid-January. Insurance Bureau of Canada (IBC) released the figure Monday, which is based on industry claims totals

Concept of home insurance price increases
News CatastrophesClaimsClaims Canada ArchiveManitobaNew BrunswickP.E.I.Personal HomeSaskatchewan

How home insurance premiums are trending

March 6, 2024 by Jason Contant

Canadian home insurance policyholders should brace for price increases this year following a nearly 8% year-over-year increase since the beginning of the year, according to internal data from rate comparison site My Choice Financial. Canada’s home insurance landscape is poised for

Female leader mountain climber is celebrating her success and watching the beautiful scenery of forest and mountain range
News B.C.BrokersCatastrophesClaimsInsurersLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoPersonal HomePropertyQuebecSaskatchewan

Home, auto rate increases in 2023 “highest…seen in years.”

January 26, 2024 by David Gambrill

Canadian auto insurance rates increased 10% in 2023 compared to 2022, and similarly home insurance rates saw an increase as well — up 6.6% last year, according to the latest release of the Applied Rating Index. “The close of 2023

Burst pipe during freezing weather
News AlbertaB.C.BrokersClaimsClaims Canada ArchiveEnvironmentalManitobaPersonal HomeQuebecSaskatchewan

Brokerage sees nearly 200% increase in cold weather claims

January 18, 2024 by Jason Contant

With temperatures plummeting across Canada recently, one insurance brokerage has seen a 191% increase in cold weather-related claims in the early days of 2024 compared to 2023. “Over the past couple of weeks, we’ve seen almost three times as many

A city worker shovels snow in Vancouver
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Snowstorm inbound for Metro Vancouver as winter weather rages across Canada

January 16, 2024 by The Canadian Press

VANCOUVER – Environment Canada says a snowstorm is expected to hit Metro Vancouver, Greater Victoria and beyond, bringing up to 20 centimetres of accumulation and possible freezing rain to southern British Columbia. The weather agency has issued a snowfall warning

Contractor on ladder with cell phone figuring out hail damage repair costs for customer.
News CatastrophesClaimsCommercialConstructionEmerging RisksEnvironmentalInsurersOntarioPersonal HomePropertySaskatchewan

How restoration firms are growing in Canada

December 14, 2023 by Alyssa DiSabatino

With natural disasters on the rise, restoration firms are responding to the growing need through expansions and acquisitions, according to recent announcements.   Intact subsidiary On Side Restoration has acquired Superior Disaster Services Ltd., in a deal that closed Dec.

Pooling water during heavy rain in Montreal in October.
News CatastrophesClaimsClaims Canada ArchiveEnvironmentalOntarioQuebecSaskatchewan

Climate change battering municipal finances across Canada

December 11, 2023 by Thomas MacDonald - THE CANADIAN PRESS

MONTREAL – The hamlet of Gore, Que., had the foresight to start preparing for more intense annual flooding due to climate change a decade ago. That’s when the rural township 60 kilometres northwest of Montreal began quadrupling the size of

Winter driving on a slippery road
News AlbertaB.C.ClaimsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoQuebecSaskatchewan

Why more Canadian drivers are using winter tires

November 14, 2023 by Jason Contant

Winter tire use in Canada is increasing, with 71% of polled Canadian drivers outside of Quebec now using winter tires, up from 63% in 2022, according to a survey conducted by Leger for the Tire and Rubber Association of Canada

Home with truck outside
News AlbertaB.C.ClaimsClaims Canada ArchiveManitobaNew BrunswickNewfoundland & LabradorNova ScotiaOntarioP.E.I.Personal AutoPersonal HomeQuebecSaskatchewan

Where auto and home insurance rates are headed

October 24, 2023 by Jason Contant

Hard market conditions in personal lines across Canada are not slowing down in 2023 Q3, according to data from tech vendor Applied Systems. Auto and homeowner premiums are rising year-over-year in all provinces.  In 2023 Q3, personal auto premiums in

Beautiful sturdy wood Architecture.
News CommercialInsurersLegalPropertySaskatchewan

Policy exclusion? Watch your exceptions in multiple-cause losses

October 18, 2023 by David Gambrill

Underwriters must pay close attention to the policy wording they use in their exceptions to exclusions, lest insurers find themselves on the hook for covering losses with two or more suspected causes. That’s a key takeaway from Brock Stock Farm

IBAC president Traci Boland
News AlbertaB.C.BrokersManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.QuebecSaskatchewanYukon

New president for national brokers’ association

October 18, 2023 by Alyssa DiSabatino

Traci Boland is the new president of the Insurance Brokers Association of Canada (IBAC). Boland is partner and manager at Ontario West Insurance Brokers and Bill Blaney Insurance Brokers. She holds more than over 20 years’ experience in the industry