Canadian Underwriter

Keyword
Intact

News ClaimsInsuranceLegal

Does CGL’s duty to defend apply to the insurance policy as a whole?

December 10, 2018 by Jason Contant

An insurer’s duty to defend under a provision in a commercial general liability (CGL) form is applicable to the insurance policy as a whole, the Court of Queen’s Bench of Alberta has ruled. In a decision released Friday, the court

News AdjustersInsurance

Insurer said to have denied coverage ‘without a comprehensible explanation’

November 26, 2018 by Greg Meckbach

Intact Insurance won a coverage dispute in court but “poor customer relations” means the homeowner plaintiff does not have to pay Intact’s legal defence costs. Homeowner Arnie Augspols sued Intact and G. Bates Plumbing. Augspols noticed several problems in his

News AppointmentsInsurance

Intact director named one of Canada’s most powerful women

November 23, 2018 by Greg Meckbach

Eileen Mercier, a member of the board of directors of Intact Financial Corporation, was named one of Canada’s 100 most powerful women this week by the Women’s Executive Network. Mercier, 70, has been on Intact’s board since 2004. The 100

News InsuranceLegislation / Regulation

Ontario PCs historically ‘very receptive’ to auto rate reform: Intact CEO

August 9, 2018 by Greg Meckbach

Ontario’s newly-elected government has been silent on auto insurance reform, but the head of Canada’s largest property and casualty insurance carrier is encouraged by the Progressive Conservative Party’s historical leaning towards loosening rate regulation. The Progressive Conservative Party was returned

News InsuranceLegislation / Regulation

How the old catastrophic impairment definition still affects Ontario auto insurers

August 8, 2018 by Greg Meckbach

It has been more than two years since Ontario changed the definition of catastrophic impairment, but Canada’s largest auto insurer is still dealing with claims that arose under the old cat definition. “Clearly, people are trying to get as much

News InsuranceMarkets / CoveragesProducts

New Canadian auto insurance product coming soon

August 7, 2018 by Greg Meckbach

Intact Insurance will be soon launching a new iteration of its usage-based auto insurance (UBI), a company official says. The revelation came during a July 31, 2018 conference call about the insurer’s past quarter results. During the call, an investment

News Insurance

Big Data is bringing credit score issue to the fore

July 29, 2018 by Greg Meckbach

As insurers’ computer databases get exponentially larger, the controversy around the use of credit scores in rating property coverage is getting intense. Customers are asking for “transparency” from insurers on how they price and underwrite insurance, Jean-François Larochelle, director of

News InsuranceTechnology

Intact explores blockchain’s insurance potential

July 29, 2018 by Greg Meckbach

One of the “disruptive promises” of blockchain is the ability to use it for insurance, and Canada’s largest insurer confirmed recently that it is exploring its potential. Thus far, however, blockchain  “is still [a research and development] project” at Intact Insurance, Jean-François

News InsuranceTechnology

Will telematics make territory-based rating a thing of the past?

July 24, 2018 by Greg Meckbach

The use of telematics in pricing auto insurance is going to become more “prevalent,” and a major property and casualty insurer is trying to use the technology to get a better idea of driver risk, speakers said during a recent

News InsuranceTechnology

Winter tire claims statistics took biggest insurer by surprise

July 22, 2018 by Greg Meckbach

When Intact started giving discounts on auto insurance to people with winter tires, the result appeared to be counter-intuitive. Motorists insured by Intact who reported having winter tires installed “were having worse loss ratios” than those driving in the winter

News InsuranceTechnology

Intact reports ‘world of difference’ with telematics

June 20, 2018 by Greg Meckbach

Hard numbers showing the impact of telematics remain elusive, but Canada’s largest property and casualty insurer says the technology does separate the good risks from the bad. Telematics is a vehicle diagnosis technology that collects data such as distance travelled,

News BrokersInsuranceTechnology

Why this broker takes exception to usage-based auto insurance app

June 19, 2018 by Greg Meckbach

Usage-based insurance has raised the profile of insurers on consumers’ electronic devices, and this could be bad news for some brokers. Several auto insurers are using UBI to offer discounts based on data gather from telematics. That technology lets insurers