Canadian Underwriter

Keyword
renewal

Insurance broker discussing and consulting on auto insurance policy
News Insurance

Broker or insurer: Who’s responsible for letters of non-renewal on auto policies?

June 23, 2022 by Jason Contant

The issue of how much responsibility an Ontario broker has for sending out non-renewal notices to auto insurance clients is in the spotlight, featuring an online discussion focused on adequate notice time and the possibility of errors and omissions (E&O)

News Insurance

Is the commercial insurance market starting to soften?

November 16, 2021 by Jason Contant

Premium rate changes in commercial lines in Canada have experienced a slight downturn quarter-over-quarter, indicating that the commercial hard market may be easing up a bit. “While we are still experiencing a hard market, the Q3 index shows a slight

News Insurance

All major commercial lines seeing average premium renewal increases, report says

August 11, 2021 by Jason Contant

Canada’s hard market in commercial P&C is showing no signs of letting up, with all major lines seeing average premium renewal rate increases in the second quarter of 2021. “Overall, the magnitude of rate increases across all segments included in

News Insurance

Personal auto renewal rates continue downward trend, but homeowners’ rates up: Applied

July 30, 2021 by Jason Contant

Average personal auto premium renewal rates in Canada continued their downward trend in the second quarter of 2021, while personal property (homeowners) renewal rates remained up over the same period, according to Applied Systems’ latest premium rate index. In Q2

News Insurance

How commercial premium renewal rates are trending in Canada

April 30, 2021 by Jason Contant

Canadian commercial line renewal rates increased at a slower pace across all major lines in Q1 2021 compared to one year ago, according to the latest commercial premium rate index from tech vendor Applied Systems. Overall, the magnitude of rate

News Insurance

COVID’s effect on Canadian auto and property rates

April 22, 2021 by Jason Contant

Endorsements to auto policies as a result of changing driving habits from COVID-19 are resulting in average premium rate renewal decreases across most of the country, according to Applied Systems’ latest rating index report. Personal property rates, on the other

News Legal

Client loses lawsuit arising from automatic policy renewal

January 31, 2019 by Greg Meckbach

A motorcyclist who tried to sue his insurer for renewing his policy and deducting money from his account will not have his case heard before the Supreme Court of Canada. The top court announced Jan. 31 it has turned down

News InsuranceMarkets / CoveragesTechnology

Montreal-based insurtech startup Covera raises $1.5 million

October 19, 2017 by Canadian Underwriter

Covera Technologies Inc., a Montreal-based insurtech startup that uses technology to find its customers “optimal insurance rates every year,” has raised $1 million as part of its seed financing round led by Ferst Capital Partners, with participation from fintech “angel

News InsuranceMergers and AqcuisitionsProductsTechnology

Allstate Canada expands UBI program Drivewise into Nova Scotia after “great success” in Alberta and Ontario

August 15, 2017 by Canadian Underwriter

The Allstate Insurance Company of Canada announced on Monday that it is expanding its usage-based insurance (UBI) program Drivewise in Nova Scotia “after experiencing great success in the provinces of Alberta and Ontario.” Drivewise rewards those who exhibit safe driving

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Manitoba Public Insurance requests 2.7% overall rate increase for 2018/19 insurance year

June 19, 2017 by Canadian Underwriter

Manitoba Public Insurance (MPI) has announced that it has requested a 2.7% overall rate increase for the 2018/19 insurance year. MPI requested the rate increase for the 2018/19 insurance year in its general rate application filed with the Public Utilities

News InsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

Non-approved Ontario auto forms do not always render insurance contracts void: Court of Appeal

May 10, 2017 by Canadian Underwriter

If an Ontario auto insurer uses a form that is not approved by the province’s Superintendent of Financial Services, this does not necessarily render the contract of insurance void, the province’s appeal court suggested in a ruling released Wednesday. On

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

Insurance rates decrease continued to moderate for third quarter in a row: Marsh

November 11, 2016 by Canadian Underwriter

The third quarter of 2016 marked the third consecutive quarter that the rate of decline for global insurance rates has moderated by weighted average, Marsh notes in its newly released Global Insurance Market Index Q3 – 2016. Pointing out that