Canadian Underwriter

News

News RiskTechnology

How B.C. auditor general rates the provincial government’s cyber security

August 20, 2019 by Greg Meckbach

If your client has a formal process to disable computer network access for employees and contractors who no longer work there, that client’s cybersecurity is better in at least one respect than some of British Columbia government departments. The province’s…

News AdjustersClaimsInsuranceMergers and Aqcuisitions

Intact’s other deal: ‘You can bet that other insurers are paying close attention’

August 20, 2019 by Adam Malik

Intact Financial Corp. agreeing to buy On Side Restoration will likely lead to similar deals going forward and while risks exist, one adjuster believes it will probably bring more good than bad to the insurance industry – with a lot…

News ClaimsClaims CanadaInsurance

What this season’s crop claims look like so far

August 20, 2019 by THE CANADIAN PRESS

The Canadian Crop Hail Association says more than 10,000 damage claims have been received by its member companies so far this season. The association says in a release that at the mid-point of the year, Saskatchewan farmers filed 6,900 claims…

News AnnouncementsInsuranceProfessional Development

Bob Tisdale to retire on 40th year work anniversary

August 20, 2019 by Jason Contant

Bob Tisdale, president and chief operating officer of Pembridge Insurance Company and Pafco Insurance Company, will retire next year after 40 years in the insurance industry. Tisdale will retire effective Aug. 18, 2020, which coincides with his 40-year work anniversary,…

News Insurance

Paid Risks emerging for Canadian enterprises, and so are solutions

August 20, 2019 by Urs Uhlmann

  From the breathtaking forests in British Columbia, to the natural resources of the Prairies, to the high-tech sector in Montreal and Toronto, Canada is a vast country with diverse risks. For the insurance industry, Canada represents an array of…

News ClaimsInsuranceTechnology

The one technology the industry can’t wait to see grow

August 19, 2019 by Adam Malik

There’s one automotive technology that has industry experts excited because it’s playing an increasingly key role in reducing crashes and increasing driver safety: autonomous emergency braking (AEB). But it will take some time before significant results are seen. AEB is…

News InsuranceProfessional Development

Four steps insurers must take for increased productivity

August 19, 2019 by Jason Contant

In today’s digital and rapidly changing market environment, insurers must take a more aggressive and structural approach to productivity to make significant progress, said a new report from management consulting firm McKinsey & Company. “Historically, pulling a clear-cut set of…

News AdjustersCatastrophesClaims Canada

Post-flood demolition begins in Ste-Marthe-sur-le-Lac

August 19, 2019 by THE CANADIAN PRESS

STE-MARTHE-SUR-LE-LAC, Que. – Four months after a dike ruptured and forced 6,000 people from the town of Ste-Marthe-sur-le-Lac, demolition work has begun on flood-stricken homes in the community west of Montreal. Roland Gariepy, 77, paid a visit to his old…

News Insurance

Flammable liquid risk should be top of mind for these clients

August 19, 2019 by Greg Meckbach

Commercial clients looking for ways of managing wildfire risk should turn their mind at some point to flammable liquid storage. “You wouldn’t want a gas can right up against the building,” said Scott Steinmetz, global head of risk control, MidCorp…

News Commercial LinesInsurance

How Economical returned to profitability

August 19, 2019 by Greg Meckbach

Editor’s Note: In an earlier version of this story, Canadian Underwriter incorrectly reported Economical Insurance’s net loss in 2017. Canadian Underwriter regrets the error. Commercial premiums for Economical Insurance are down more than 10%, but that does not mean prices…

News Insurance

Paid Why your clients need personal umbrella coverage

August 19, 2019 by Graham Haigh, VP, Broker Distribution, Wawanesa Insurance

  Convincing someone that they could have more coverage than they do now – often for less money – should be a slam dunk. Right? That’s exactly what personal umbrella policies offer. So why aren’t they more popular? Let’s break…

News ClaimsInsuranceLegal

Auto claimant awarded $200K despite court’s skepticism about his credibility

August 16, 2019 by David Gambrill

A B.C. fire dispatcher with pre-existing back pain was awarded $200,000 for his auto accident injuries, even though the Supreme Court of British Columbia also found that he was “not a reliable historian of his own condition or other events.”…