Canadian Underwriter


Caregiver at a long term care home with a patient.
News BrokersClaimsInsurance

What post-pandemic coverage looks like for healthcare providers

April 17, 2024 Philip Porado

The word ‘soft’ doesn’t spring to mind when describing the current insurance market for Canada’s healthcare providers. But four years after the start of the COVID-19 pandemic, insurers are becoming more comfortable looking at, and writing, healthcare business. “We’re having

A wildfire in Enterprise, NWT
News CatastrophesClaimsClaims CanadaInsuranceRestoration

Wildfire clean-up continues in Enterprise, NWT

April 17, 2024 Tom Taylor, Local Journalism Initiative Reporter, NWT News/North – The Canadian Press

Enterprise’s 2024 spring carnival was a sorely needed opportunity for celebration in a community that has been through more than most over the last few months. “It was just great fun,” said Sandra McMaster, who became the community’s new mayor

A thief attempting to break into a car
News ClaimsClaims CanadaInsuranceMarkets / CoveragesTechnology

How auto theft is evolving

April 17, 2024 by Jason Contant

Fraudsters are adapting their methods in an attempt to fly under the claims radar, and even using artificial intelligence to create false documentation and platforms for claims handling, speakers tell the Insurance Institute’s 2024 CIP Society Symposium. Auto theft has

Construction workers fighting on the job
News ClaimsInsurance

How forensic engineers help resolve construction disputes

April 16, 2024 Yasser Korany, KSI Engineering and Mina Tesseris, ArbiTECH

Canada’s construction sector, which accounts for 7.5% of the country’s GDP according to the Canadian Construction Association, is seeing a rise in construction claims and disputes. That’s partially due to the increasing technical sophistication of construction projects, escalating price of

Prescription pills spilled on a table
News ClaimsClaims CanadaInsuranceLegalMarkets / Coverages

Quebec court approves class action alleging opioid makers misled users about risks

April 16, 2024 The Canadian Press

A Quebec Superior Court judge has authorized a class-action lawsuit against 16 pharmaceutical companies that are alleged to have misled consumers about the efficacy and dangers of opioid medications. The class action includes everyone in Quebec who was diagnosed with

Two volunteer firefighters died during spring floods in May 2023
News ClaimsClaims CanadaInsurance

Coroner’s inquest opens into Quebec firefighter flood deaths in May 2023 

April 15, 2024 by Jason Contant

A coroner’s inquest is underway into the deaths of two volunteer Quebec firefighters who perished during a flood rescue last May in the Charlevoix region.  Coroner Andrée Kronström is hearing from witnesses at the courthouse in La Malbaie, Que., during

Firefighters battling wildfire in Tantallon, N.S.
News CatastrophesClaimsClaims CanadaInsurance

Before likely ‘ferocious’ wildfire season, fire chiefs worry about drop in volunteers

April 12, 2024 Lyndsay Armstrong – The Canadian Press

As Canada looks ahead to what experts fear could be another devastating wildfire season, fire chiefs say they are worried about the dwindling number of volunteers available to combat the rising threat. Ken McMullen, president of the Canadian Association of

Cloud computing technology
News ClaimsClaims CanadaInsuranceTechnology

How cloud services can speed up the P&C industry

April 12, 2024 by Jason Contant

Cloud-based services can serve as a much-needed speed accelerator to the Canadian P&C insurance industry, eliminating friction and digitizing the customer experience, speakers said Thursday at the 2024 CIP Society Symposium in downtown Toronto. “I personally think the biggest threat

Net zero and carbon neutral concept - reducing greenhouse gas emissions
News ClaimsClaims CanadaClimate ChangeInsuranceMarkets / CoveragesMGAsRisk

Carbon insurance: Bigger than cyber?

April 10, 2024 by Jason Contant

The global voluntary carbon market (VCM) is expected to show “hockey stick growth” over the next few decades, representing a dramatic opportunity for the insurance industry. “Look at the cyber market now in insurance — it’s the new big thing,”

Satellite taking images used for risk assessments
News BrokersClaimsInsurance

What’s the next frontier for assessing property risk?

April 10, 2024 John Siegman, co-founder of HazardHub

Next-generation data, analytics and risk models are giving property risk assessment a much-needed facelift. The increased frequency and intensity of natural disasters, combined with population growth in NatCat-prone regions, is escalating property and casualty (P&C) insurers’ claims and losses. A

A fire burning across the lake in Osoyoos, B.C.
News CatastrophesClaimsClaims CanadaInsurance

Drought, heat raise risk of repeat of last summer’s record-breaking wildfires

April 10, 2024 The Canadian Press

Persistent drought and months of above-average temperatures have raised the risk of a repeat of last year’s record-breaking wildfires. Federal officials say conditions are already ripe for an early and above-normal fire risk from Quebec all the way to British

Concept of carbon credits and net-zero emissions
News CatastrophesClaimsClaims CanadaClimate ChangeInsuranceMGAsProducts

Why this MGA is betting on carbon insurance

April 9, 2024 by Jason Contant

Specialist insurance provider CFC has entered the voluntary carbon market (VCM) with the launch of a carbon delivery insurance product that safeguards the purchase of carbon credits. VCMs are decentralized markets in which individuals or organizations buy credits to voluntarily