Canadian Underwriter

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Insurance


Technicians setting up a quantum computer
News InsuranceTechnology

Could quantum computing destabilize Canada’s P&C sector?

March 22, 2024 Jason Contant

Quantum computing holds promise for dozens of industries, including property and casualty (P&C) insurance. But there are also downsides to the technology. For one, quantum computers are not yet that stable and must operate in extremely controlled environments. It’s not

News BrokersCatastrophesClimate ChangeCommercial LinesInsuranceRisk

B.C.’s plan for flood mapping and building back better

March 22, 2024 by Alyssa DiSabatino

A new report by the Government of British Columbia details its commitment to developing a provincially coordinated floodplain mapping program, and sheds light on how and where it intends to rebuild communities after a flood.   More specifically, the report, From

Business process and streamlining strategy text on wooden blocks. Business culture and Operational excellence concept.
News AnnouncementsAppointmentsEmploymentInsuranceProfessional DevelopmentTechnology

Regulator streamlines organizational structure

March 22, 2024 by Jason Contant

Quebec’s financial services regulator has announced strategic adjustments aimed at streamlining its organizational structure. “The main adjustments put forward will allow the organization to focus on its clientele and the quality of services provided to them,” the Autorité des marchés

The Standing Committee on Environment and Sustainable Development in Ottawa on March 21.
News ClaimsClaims CanadaInsuranceMarkets / Coverages

Time to protect Canadians from ‘forever chemicals,’ experts say

March 22, 2024 Mia Rabson – The Canadian Press

OTTAWA – Nearly a year after Health Canada issued a draft recommendation to designate an entire class of chemicals as toxic, environmental experts say it’s time to actually do something about it. There are now more than 10,000 variations of

Wildfire near Banff National Park in Alberta
News CatastrophesClaimsClaims CanadaInsuranceRisk

Alberta town outlines plan ahead of fire season

March 21, 2024 John Watson, Local Journalism Initiative Reporter, Strathmore Times – The Canadian Press

The Town of Strathmore recently finalized its hazard reduction burn plan, which aims to reduce the risk of grass and wildfires in the local region. According to the town, the plan aims to assess grassland fuels on the landscape within

Aerial view of flooded homes following record rainfall
News CatastrophesClaimsClaims CanadaClimate ChangeInsuranceMarkets / CoveragesRisk

Three necessities for Canada’s national flood insurance program

March 21, 2024 by Jason Contant

Canada’s upcoming national flood insurance program needs to specify exclusions, phase in risk-based premiums, and provide incentives for flood resilience measures, the Canadian Climate Institute (CCI) says in a recent blog.  A low-cost flood insurance program should drive safer decisions

A heavy snowfall sweeps through the province of British Columbia
News AdjustersBrokersCatastrophesClaimsClaims CanadaClimate ChangeInsuranceRisk

How Canada’s winter weather predicts 2024 Cat claims

March 21, 2024 by Alyssa DiSabatino

This winter clocked in as Canada’s warmest winter ever, and adjusters are already sounding the alarm that a winter with no or little snow could mean more wildfire claims over the rest of the year. Snowpack in winter is one

Car insurance and warranty product
News InsuranceMarkets / CoveragesProductsTechnology

Partnership combines auto insurance, used car warranty products

March 20, 2024 by Jason Contant

Online insurance comparison platform HelloSafe has announced a strategic partnership with GuardTree Inc., which calls itself Canada’s first monthly subscription-based used car warranty product. The partnership allows Ontario drivers to compare a wide range of auto insurance guarantee options through

Aerial view near Barrie, Ontario
News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / CoveragesRisk

Rising insurance premiums create challenges for local municipalities

March 20, 2024 Wayne Doyle, Local Journalism Initiative Reporter, BarrieToday.com – The Canadian Press

The cost of insurance for local municipalities continues to rise. Springwater Township received its annual insurance renewal notice last Friday at a cost of $625,709.52. That’s almost $42,000 more than last year, or slightly more than seven per cent. According

Desk adjuster using calculator with bills on a desk
News AdjustersCatastrophesClaimsClaims CanadaEngineeringInsuranceRestoration

What claims adjusters earn in Canada

March 20, 2024 by Alyssa DiSabatino

Editor’s Note: This article has been updated to clarify the different ways in which adjusters in Canada earn compensation.    In-field adjusters are making slightly more than their desk adjuster and claims representatives counterparts, according to Impact Recruitment’s 2024 Insurance

insPRESS Insurance

30 Forensic Engineering is Pleased to Announce the Promotion of Hannah Van Staveren, B.A.Sc., M.Eng., E.I.T. to Intermediate Associate, Human Factors

March 20, 2024 30 Forensic Engineering

TORONTO, ON, MARCH 20, 2024 /insPRESS/ – 30 Forensic Engineering, Canada’s leading multidisciplinary forensic firm, is pleased to announce the promotion of Hannah Van Staveren, B.A.Sc., M.Eng., E.I.T. to Intermediate Associate within our Human Factors group. Hannah holds a Master of

insPRESS Insurance

Emergency Security Management Expands Leadership Team in Western Canada

March 20, 2024 SCM Insurance Services

CALGARY, AB, MARCH 20, 2024/insPRESS/ – Emergency Security Management (ESM), a division of Xpera Risk Mitigation & Investigation and Canada’s leading provider of uniformed security services, is pleased to announce the appointment of Peter Waring as Director, ESM, Western Canada.