Canadian Underwriter

News


News InsuranceMergers and Aqcuisitions

Brokerage acquisitions: What’s really in it for Intact?

November 12, 2019 by Greg Meckbach

Taking on potential disruptors and investing in technology are among the reasons Intact Financial Corp. is on a brokerage acquisition spree. “Our view is that scaling up distribution is the best way to fight disruption,” Intact CEO Charles Brindamour said…

News ClaimsInsurance

Maritimes hit with another blast of early winter weather

November 12, 2019 by The Canadian Press

FREDERICTON – The Maritimes are getting another blast of early wintry weather with a mix of snow, freezing rain and rain. Much of New Brunswick and Prince Edward Island awoke to snow and slippery roads, while Nova Scotia is seeing…

News Insurance

Why electric luxury SUVs may give your liability claims costs a jolt

November 11, 2019 by Adam Malik

Several car makers have announced ambitious plans to go electric in the next decade or two, but as more electric vehicles (EVs) hit the streets, there could be an increased insurance risk, according to one insurer. With the growing popularity…

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

This line of business has grown an estimated 20% since last year

November 11, 2019 by Jason Contant

How much has the demand for M&A transaction insurance grown in Canada? “While we do not have specific statistics, we estimate that demand has grown in the Canadian market at least in line with the broader Americas region at 20%…

News Insurance

How some insurers handle sick days

November 11, 2019 by Adam Malik

If you’re feeling a cold coming on, you could be doing more harm than good if you make your way to the office, a workplace expert warned. And for some in the property and casualty space, employers allow for staff…

News Insurance

Intact’s take on the impact of no-fault auto insurance

November 11, 2019 by Greg Meckbach

No-fault insurance is not a silver bullet that is going to solve the auto liability problem, but it can be helpful to insurers, provided that the coverage is not too generous, suggests the head of Canada’s largest property and casualty…

News ClaimsInsurance

Why crop insurance won’t come soon enough for these Prairie farmers

November 11, 2019 by Bill Graveland - THE CANADIAN PRESS

Winter’s icy fingers have touched most of the Prairies since late September, causing havoc and frustration for many farmers trying to get crops off their fields. Dave Reid, who farms near Cremona, northwest of Calgary, estimates 20 to 25 per…

News BrokersInsuranceMergers and Aqcuisitions

How many Canadian employee benefits firms has Hub acquired?

November 8, 2019 by Jason Contant

Hub International has acquired another Canadian employee benefits firm as part of its continuing strategy to expand its offerings in this area, bringing the total number of acquired firms to about two dozen over the past two years. So far…

News Risk

How D&O risks are changing in the mining sector

November 8, 2019 by Greg Meckbach

If you place directors and officers’ liability insurance for mining companies, the underwriter will want to know how the client manages risks such as pollution and shareholder litigation, a commercial broker advises. In lawsuits against directors and officers of mining…

News Insurance

Small business auto clients are taking this complaint to their politicians

November 8, 2019 by Greg Meckbach

Commercial trucking underwriting rules are killing some small businesses, Ontario’s deputy opposition leader told Canadian Underwriter Friday. John Vanthof, MPP for Timiskaming—Cochrane, is hearing from family-owned businesses that they are not able to find affordable insurance for newly trained and…

News BrokersInsuranceLegislation / Regulation

Why this broker regulator is keeping an eye on the hard market

November 8, 2019 by David Gambrill

Ontario’s broker regulator has the current hard market conditions on its radar screen, scrutinizing what’s happening between brokers and their carrier partners through the lens of consumer fairness. Scott Bell, outgoing president of Registered Insurance Brokers of Ontario (RIBO), made…

News Insurance

Lost binder exposes personal information of thousands

November 8, 2019 by The Canadian Press

ST. JOHN’S, N.L. – Newfoundland and Labrador’s health department is apologizing for a privacy breach after a binder containing the personal information of 3,300 went missing almost two years ago. The department says it learned this October that a binder…