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Earthquake in central Montreal
News ClaimsClaims CanadaInsuranceMarkets / CoveragesProductsRestorationRisk

What’s the best way to increase earthquake insurance take-up in Quebec?

February 8, 2023 by Jason Contant

The best way to get consumers to buy earthquake insurance in provinces like Quebec is to find a balance between highlighting the benefits of early intervention and not making the narrative too scary, a research social scientist told delegates at

Three white house figurines submerged in water.
News BrokersCatastrophesClaimsClimate ChangeInsuranceProducts

Aviva Canada CEO on brokers’ role in climate change mitigation

February 6, 2023 by Alyssa DiSabatino

Brokers and insurers both said natcats and climate change will be the second biggest issue heading into 2023, according to a Canadian Underwriter survey last month. But one group is more vocal about climate change than the other, one CEO

Stock market or business cycle in graphic concept
News BrokersCommercial LinesInsuranceMarkets / CoveragesProducts

Hard market cycle in global commercial lines on the downswing

February 2, 2023 by David Gambrill

Globally, cyber rates are increasing at a slower pace, and price increases in financial and professional rates fell for a second consecutive quarter, Marsh noted in its 2022 Q4 Global Insurance Market Index Thursday. Overall, global commercial insurance prices increased

Millennial man stepping inside a carpool while his friends sit inside
News BrokersClaimsInsuranceMarkets / CoveragesProductsRisk

Are you asking your carpooling clients the right questions?

February 2, 2023 by Alyssa DiSabatino

With carpooling on the rise for those feeling inflation’s burn, and among millennials who are often keen to reduce their environmental footprints, brokers should ensure they’re asking about clients’ high-occupancy-vehicle habits, said one auto insurance expert. “What you tend to

Broker standing in front of a series of doors, representing choices.
News BrokersClaimsCommercial LinesInsuranceMarkets / CoveragesProductsRisk

Does your client need D&O or an ancillary coverage?

January 26, 2023 Philip Porado

While directors and officers (D&O) insurance is designed to cover individuals and corporate assets on the broadest threat level, certain exposures may require separate, dedicated policies focused on specific risks. When claim scenarios are investigated, it may become clear a

Shelly Willick
News BrokersInsuranceProducts

2023 Executive Outlook | Shelley Willick, Sandbox Mutual

December 29, 2022 Canadian Underwriter Staff

Shelley Willick, president, CEO, Sandbox Mutual Insurance Continued investment in technology and more diverse product offerings will be critical to meeting consumers’ shifting expectations. The pandemic changed the way people choose to spend their time. Consequently, policyholders are demanding simple,

Intellectual property concepts
News ClaimsCommercial LinesInsuranceLegalMarkets / CoveragesMGAsProducts

Why your SME client needs intellectual property ‘pursuit’ coverage

November 24, 2022 by Jason Contant

Your small and medium-sized enterprise (SME) clients need to consider intellectual property (IP) ‘pursuit’ coverage to allow them to take on large corporations to protect their products and market share, a specialist insurance provider told Canadian Underwriter. A business’s ability

A giant fireball is seen as a wild fire rips through the forest 16 km south of Fort McMurray, Alberta on highway 63 on May 7, 2016. THE CANADIAN PRESS/Jonathan Hayward
News CatastrophesClaimsInsuranceProductsRiskTechnology

Why insurers should invest in genetically modified trees

November 22, 2022 by David Gambrill

Insurance companies should consider investing in genetically-modified, slow-burning trees to mitigate wildfire damage, according to a first-prize pitch at the WinterHack 2022: Design Thinking Ideathon. “We will be taking advantage of state-of-the-art biotechnology and building upon it to create a

A red car has slid on the icy road and his into the freeway medium. A moderate traffic jam with two other white cars has occured
News BrokersClaimsInsuranceMarkets / CoveragesProductsRisk

Will inflation stop Canadians from buying winter tires?

November 17, 2022 by Alyssa DiSabatino

Even when faced with the rising cost of living, 82% of Canada’s motorists believe investing in winter tires is important, said a new survey by the Tire and Rubber Association of Canada (TRAC).  However, brokers will be interested to know

A businessman holds a white, 2 dimensional umbrella over a scale. A bag of money and wooden blocks spelling "risk" sit on either side of the scale
News BrokersInsuranceMarkets / CoveragesProducts

How clients can get better rates during the hard market

November 16, 2022 by Alyssa DiSabatino

Insurers’ low-risk policyholders may still experience premium increases amid the hard market, but clients can take mitigating steps, said Ilan Serman, regional president of Ontario at Gallagher during yesterday’s Gallagher Talks session, Anatomy of the Canadian Insurance Market. “[I had]

A property affected by November 2021 flooding as seen on the Shackan Indian Band.
News AdjustersAnnouncementsClaimsClaims CanadaClimate ChangeEngineeringInsuranceProductsRestoration

New claims-management service launches certificate program for insurers

November 11, 2022 by Alyssa DiSabatino

A new claims management program, which enables insurance companies to divert waste from landfills by recycling flooring and drywall during the claims and restoration process, has officially launched its certification program.   The EcoClaim certificate program will enable insurers to

Hand Reaching into Toilet to Retrieve a Mobile Phone
News AdjustersClaimsCommercial LinesInsuranceLegalProducts

Damage appraisal method leaves a toilet back-up case running

October 28, 2022 by David Gambrill

Did a toilet backup cause $35,700 worth of damage to the cell phone stock of a retail business, as argued by Gore Mutual, or $105,000, as the business owner claimed? Neither side agreed with the appraised value of the losses,