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Many polled Canadians aren’t researching options before buying financial products: LowestRates.ca survey

August 16, 2017 by Canadian Underwriter

While Canadians may head online to compare prices on flights or when booking a hotel, most aren’t researching their options before buying financial products, according to a new survey from comparison site LowestRates.ca. The online survey, conducted last month by

News InsuranceMergers and Aqcuisitions

80% of polled Canadians not properly insuring belongings when moving to new homes

August 16, 2017 by Canadian Underwriter

Eight of 10 Canadians taking part in a survey from Square One Insurance Services Inc. report not properly insuring their belongings while moving to their new homes. With more than 300,000 Canadians moving to new homes in different provinces each

News Climate ChangeInsuranceMarkets / Coverages

Canadian farmers turn to specialized forecasting in face of rising extreme weather threat

August 15, 2017 Ian Bickis - THE CANADIAN PRESS

CALGARY – In an industry that lives and dies by the weather, farmers like Dwight Foster are looking for all the help they can get to know what’s coming. “We use every tool in the toolbox we can get our

News InsuranceLegalMergers and Aqcuisitions

Most Canadians believe they are good drivers, but admit to at least one bad driving habit: belairdirect survey

August 14, 2017 by Canadian Underwriter

A majority of Canadians (95%) believe they are good drivers, but almost the same amount (93%) have admitted to engaging in at least one bad habit behind the wheel, according to a new belairdirect survey by Leger Research. The online

News CatastrophesClimate ChangeInsurance

2016 was the warmest year on record for the globe, Canadian Prairies experienced one of the “longest and most active storm seasons”: report

August 11, 2017 by Canadian Underwriter

Last year topped 2015 as the warmest year in 137 years of record keeping and marked the third consecutive year of record warmth, the National Oceanic and Atmospheric Administration (NOAA) reported on Thursday. The 27th annual State of the Climate

News CatastrophesInsuranceMergers and Aqcuisitions

Asia records US$11 billion economic loss from heavy flooding in July, western Canada affected by wildfires, severe weather: Aon

August 8, 2017 by Canadian Underwriter

Relentless seasonal flooding that began in mid-June resulted in continued fatalities and damage across parts of Asia in July, causing an estimated US$11 billion in economic losses, according to Impact Forecasting’s latest Global Catastrophe Recap report. On Tuesday, Impact Forecasting,

News InsuranceLegalLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

17% of secondary rental suites in Ontario, Alberta and B.C. considered illegal: Square One Insurance survey

August 3, 2017 by Canadian Underwriter

Seventeen per cent of rental suites in detached houses in Ontario, Alberta and British Columbia are considered illegal, a new survey from Vancouver-based Square One Insurance Services Inc. has found. The study involved a survey of more than 5,500 homeowners

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Intact CEO hopes B.C. is ‘starting to think about introducing more competition’ in auto insurance

August 2, 2017 by Canadian Underwriter

Nine days after Insurance Corporation of British Columbia released a report it commissioned to Ernst & Young LLP on reforming auto insurance, the chief executive officer of Intact Financial Corp. suggested it is “better to have a competitive marketplace” in

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

EY report on reforming B.C. auto points to impending restrictions in Australia on auto accident benefits for minor injuries

July 27, 2017 by Canadian Underwriter

A report released April 11 by the Ontario finance ministry “contains many useful learnings” for British Columbia’s government-run auto insurer, Ernst & Young LLP suggested in a report released July 24. In Affordable and Effective Auto Insurance – a New

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Alternate dispute resolution, tripling accident benefits among potential solutions for B.C. auto insurance: EY

July 26, 2017 by Canadian Underwriter

The process of suing for compensation for motor vehicle accidents “could be made far more efficient” in British Columbia, whose monopoly auto insurer’s basic accident benefits are “low compared to modern medical and rehabilitation costs” in care-based auto insurance schemes

News CatastrophesInsurance

Northern Saskatchewan village hit by ‘buckets of water’ during record rain

July 26, 2017 The Canadian Press (CPSTF)

BUFFALO NARROWS, Sask. – A northern Saskatchewan community is drying out after it was hit by what the province’s Water Security Agency calls a one-in-100-year rainstorm this week. Environment Canada says the area in and around Buffalo Narrows was pounded

News InsuranceLegalLegislation / RegulationMergers and Aqcuisitions

88 tickets issued to new Saskatchewan drivers, motorcyclists in June: SGI

July 24, 2017 by Canadian Underwriter

Law enforcement officers across Saskatchewan issued 88 tickets to new drivers and motorcyclists who weren’t following the requirements outlined on their licences, Saskatchewan Government Insurance (SGI) reported on Monday. The results from last month’s traffic safety spotlight on new drivers