Canadian Underwriter

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Commercial insurance prices in the U.S. increased by less than 1% for sixth straight quarter: Willis Towers Watson

June 12, 2017 by Canadian Underwriter

Commercial insurance prices in the United States were nearly flat during the first quarter of 2017, according to the last Commercial Lines Insurance Pricing Survey (CLIPS) from Willis Towers Watson (WTW). The survey, released on Monday, compared prices charged on

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Price continues to be hurdles to adoption of smart home devices: survey

June 12, 2017 by Canadian Underwriter

Price is among the top barriers to more people adopting smart home technology to help ease home management pain points in the United States, notes a survey of 1,000-plus adults south of the border released by U.K. smart home brand

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Gore Mutual launches cyber and data breach product for Canadian small businesses

June 9, 2017 by Canadian Underwriter

Gore Mutual Insurance Company has announced a cyber and data response product for Canadian small businesses as well as a partnership with a global home automation company to provide flood sensors to select commercial and personal customers. Gore Mutual announced

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More drone activity anticipated, safety-first approach essential: SCOR newsletter

June 9, 2017 by Canadian Underwriter

An agile and flexible response by all parties is needed in light of the new and little-understood risks expected to emerge with the anticipated increase in drone activity over the next few years, SCOR experts write in a recent technical

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U.S. consumers embracing connected cars and usage-based auto insurance: Willis Towers Watson survey

June 7, 2017 by Canadian Underwriter

More than half (55%) of drivers in the United States who participated in a usage-based insurance (UBI) survey from Willis Towers Watson (WTW) have reported that they are “likely to buy a new or pre-owned vehicle equipped with new technology

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Economical Insurance simplifies its business with changes to legal entities

June 6, 2017 by Canadian Underwriter

Economical Insurance announced on Tuesday that it is “migrating to a simpler legal entity structure while continuing to offer a wide range of products and excellent service to broker partners and customers” as it continues its journey to become a

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Loss adjusting innovation emerging in light of insurance claims for forest fires: Cunningham Lindsey

June 6, 2017 by Canadian Underwriter

Greater complexity in insured losses sparked by forest fires has produced a bright spot: innovation in how loss adjusters are tackling these events, suggests a new review from Cunningham Lindsey. Released Tuesday, the company’s 2017 Major and Complex Loss Review

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Cat claims out West create stress for home insurers, proactive communications can bolster customer satisfaction: J.D. Power

June 6, 2017 by Canadian Underwriter

A spike in major claims resulting in record losses from catastrophic disasters across Canada over the last few years has created significant challenges for insurance carriers in 2017, a situation that has had an impact on customer satisfaction with the

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New State Farm Canada app includes telematics and water detection programs, account access

June 5, 2017 by Canadian Underwriter

State Farm Canada announced on Monday that it has released a new app that includes telematics and water detection programs, as well as easy account access. The free State Farm Canada App, available on Apple’s App Store and Google Play,

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How legalizing pot will affect your insurance policies

June 5, 2017 Jason Contant, Online Editor

The impending legalization of marijuana in Canada raises a number of legal issues related to property insurance policies, Michael Teitelbaum, a partner with Hughes Amys LLP, said last week at ARC Group Canada’s 2017 annual seminar and cocktail event. In

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Intact Insurance launches my Driving Discount program in Alberta

June 5, 2017 by Canadian Underwriter

Good drivers in Alberta will now have access to an Intact Insurance driving discount program that allows them to save as much as 25% on their auto insurance premiums. The my Driving Discount program uses driving data collected by a

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Two-thirds of defective Takata airbags still not repaired, U.S. senator reports

June 5, 2017 by Canadian Underwriter

Approximately two-thirds of recalled inflators involved in the Takata recall in the United States have not yet been repaired, U.S. Sen. Bill Nelson (D-FL) reported late last week. “The numbers provided to Nelson by the independent monitor appointed to oversee