Keyword
theft
Auto insurers pay out record amount for auto theft
June 8, 2023 by David GambrillSupply chain issues are creating a hot domestic market for stolen vehicles, which in 2022 cost Canadian property and casualty auto insurers more than an estimated $1 billion — the most the industry has ever paid for auto theft in…
What downtown ghost towns mean for commercial coverage
June 2, 2023 Philip PoradoVaccines have blunted the worst edge of COVID-19, and that has employers urging workers to come back to pricey office space in Canada’s downtowns – if only once or twice a week. But a high percentage of office workers aren’t…
Vacant retail and office space: How to advise clients on this post-pandemic trend
May 12, 2023 Philip PoradoWith office vacancy rates rising in many Canadian cities, brokers need to coach building owners on the need to manage their insurance obligations. A 2023 Q1 report from commercial real estate firm Coldwell Banker Richard Ellis (CBRE) Canada notes, “The…
Two auto physical damage trends of concern to one insurer
May 18, 2022 by Jason ContantDefinity Financial Corporation’s executive vice president of personal insurance is concerned about two trends in auto physical damage. “The two areas that are of concern to us are theft and total loss, where we are seeing approximately a 25% increase…
How courts assess liability of auto dealer that leaves keys in unlocked running vehicle
December 2, 2020 by Greg MeckbachA police officer injured in a collision with a stolen truck has lost his bid to seek compensation against the dealership from which the truck was stolen; with Canada’s top court refusing to hear the case, the end result is…
Commercial clients should do this before they leave for the day
January 16, 2020 by Greg MeckbachAre your clients checking the bathrooms before they leave work for the day? “The last thing you want is to leave someone with access to your property after the doors have been locked,” Northbridge Insurance noted in Closing time: Making…
IBC aids in $2.2-million stolen vehicle investigation
July 26, 2019 by Jason ContantInsurance Bureau of Canada (IBC) will assist in identifying stolen high-end vehicles that police believe were being prepped to be shipped overseas in containers to China and European countries. Each year, auto theft causes Canadians close to $1 billion, IBC…
How insurers treat monitored home alarm systems
July 25, 2019 by Greg MeckbachHaving a video camera installed with your home alarm system is one way for your client to reduce burglary risk, but it’s questionable whether this is an underwriting factor considered by the insurance company. “To my knowledge, the majority of…
Aviva Canada beefs up identity theft offering to protect customers
October 3, 2017 by Canadian UnderwriterAviva Canada is marking the beginning of Cyber Security Awareness Month (October) with the announcement that it is introducing enhancements to its identity theft coverage at no additional cost to existing customers. The coverage features widespread financial protection if a…
37% of Quebec tenants have no home insurance: IBC survey
September 6, 2017 by Canadian UnderwriterNearly four in 10 tenants in Quebec have no home insurance, “a regrettable situation that clearly puts their financial security at risk,” the Insurance Bureau of Canada (IBC) said in a press release on Wednesday. A survey completed for IBC…
Accidental damage insurance provider ‘forced to bypass insurers,’ plans 2018 Canada launch: Executive Forum speaker
August 31, 2017 Greg Meckbach, Associate EditorA firm once described by its co-founder as being “on the lunatic fringe” of the insurtech market plans to provide, in Canada, insurance covering consumer items for accidental damage, loss and theft starting next year. Trov Inc., which is currently…
The Commonwell Mutual Insurance Group launches new policy to protect clients against “home sharing rentals gone wrong”
July 10, 2017 by Canadian UnderwriterLindsay, Ont.-based The Commonwell Mutual Insurance Group, a home and auto insurance company, announced on Monday the launch of a new policy designed to protect clients against “home sharing rentals gone wrong” on popular sites like Airbnb, FlipKey and HomeAway.…