Canadian Underwriter

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P&C Companies

News InsuranceMergers and Aqcuisitions

How Beneva is promoting its direct brand at this Quebec event venue

December 3, 2021 by Greg Meckbach

Canada’s largest mutual insurer is promoting its new Beneva direct-to-consumer brand by being a major sponsor of Quebec City’s major junior hockey team and official presenter of the Videotron Centre’s calendar of events. Beneva announced Thursday a partnership with Quebecor

News ClaimsClaims CanadaCommercial LinesInsuranceLegalLegislation / Regulation

Why insurance regulators’ council wants to stop best-terms pricing

December 3, 2021 by Greg Meckbach

If you are still placing subscription policies using best-terms pricing, you should stop, the Canadian Council of Insurance regulators suggests. “Fair and transparent pricing is essential to a successful marketplace and CCIR Members expect insurers and brokers to cease BTP

News Insurance

Saskatchewan spotlights steep distracted-driving fines

December 2, 2021 Canadian Underwriter Staff

Five hundred and eighty dollars. And … four demerit points. That’s how much a first offence for using a cell phone while behind the wheel will cost a Saskatchewan driver, Saskatchewan Government Insurance (SGI) said as part of an October

News Insurance

Investors and insurers examining ESG risks, reports note

December 2, 2021 Canadian Underwriter Staff

Like insurers, Canada’s institutional investors are examining how environmental, social and governance (ESG) factors weigh into their operational decisions. A new EY report on global institutional investors that includes Canada showed 74% are more likely to divest from companies with

News Insurance

Why some insurance professionals are looking forward to back-to-the-office

December 2, 2021 by Jason Contant

Anna McCrindell, vice president of commercial insurance with Wawanesa Mutual Insurance Company, likes the energy she gets from heading back into the office. McCrindell said during an Insurance Institute of Ontario webinar Nov. 23 that in her current role, she’s

News Insurance

QBE names new director of Canada

December 1, 2021 Canadian Underwriter Staff

Ben Hunter joins QBE in January 2022 as director of Canada. Currently vice president, head of marine, energy, construction & risk services at Liberty Mutual Canada, Hunter’s also held leadership roles at Travelers Canada and Chubb Insurance. In a release,

News Earnings / RatingsInsuranceLegislation / Regulation

How this insurer is calculating rates for Gender X auto clients

November 29, 2021 by Greg Meckbach

Starting Wednesday, The Dominion of Canada General Insurance Company will start applying the female rates to Nova Scotia auto clients who identify as Gender X. In a ruling released Nov. 19, the Nova Scotia Utility and Review Board approved The

News AdjustersClaimsClaims CanadaLegal

B.C. auto claimant wins dispute over ‘declared value’ in total loss

November 26, 2021 by Greg Meckbach

The Insurance Corporation of British Columbia has been ordered to pay an extra $5,000 to a client whose vehicle was badly damaged on a trip from California. In Link v. ICBC, released Nov. 25, the province’s civil resolution tribunal ruled

News Insurance

Canadian travel insurance quotes surge year-over-year

November 25, 2021 by Jason Contant

Travel insurance quotes have surged nearly 300% year-over-year as pandemic restrictions ease and Canadians are eager to travel again, according to a new report from rate comparison site RATESDOTCA. The rate aggregator analyzed data from thousands of quotes from its

News Insurance

More than half of polled Canadians keep their auto insurer for five years or longer

November 24, 2021 Philip Porado

A whopping 84% of Canadians have stayed with their auto insurer for two or more years and 58% have remained with the same company for more than five years, according to a Ratehub survey. What’s more 23% said they’ve stayed

News Insurance

What’s the most successful way of seeking new P&C talent?

November 24, 2021 by Jason Contant

Personal referrals were the most successful method for seeking new talent in the property and casualty insurance industry, speakers agreed during an Insurance Institute of Ontario webinar Tuesday. An informal poll of attendees to the webinar asked which recruitment channels

Economical demutualization
News InsuranceLegalLegislation / Regulation

Economical demutualization complete, IPO raises $1.6 billion

November 24, 2021 by Greg Meckbach

Economical Insurance announced Tuesday it has completed its demutualization, the first property and casualty insurer in Canada to do so. Economical’s corporate parent, Definity Financial Corp., said Tuesday it has raised “aggregate gross proceeds” of about $1.6 billion in an