Canadian Underwriter


News Insurance

Why the large variance within Toronto of auto rates

February 26, 2019 by Greg Meckbach

If your client lives in an area where most people do not use their car to get to work, he or she could save money on auto insurance. Kanetix released Tuesday its annual InsuraMap, which the Toronto-based online auto insurance

News Brokers

This new statistic could prompt brokers to ask clients about house mates

February 20, 2019 by Greg Meckbach

The percentage of adults 25 and older who live with parents has nearly doubled over the past generation, Statistics Canada reported last week. In 1995, 5% of Canadians aged 25 to 64 (about 900,000 people) shared a residence with one

News Insurance

What your clients need to know about trip cancellation insurance

February 19, 2019 by David Gambrill

Your clients have a lot to learn about trip cancellation insurance. Almost two-thirds of Canadians either don’t buy or are unsure if they have trip cancellation insurance before leaving on holiday, according to a recent study of 960 Canadians by

News InsuranceRisk

Why your clients will buy insurance only after a disaster

February 12, 2019 by Jason Contant

Due to six decision biases, consumers will typically not protect themselves against low-probability, high-consequence events until it is too late, a keynote speaker said recently at the CatIQ Connect conference in Toronto. When consumers decide not to purchase insurance or

News ClaimsRisk

Dozens of freight cars derail in fatal train accident

February 5, 2019 THE CANADIAN PRESS

FIELD, B.C. – A Canadian Pacific freight train fell more than 60 metres from a bridge near the Alberta-British Columbia boundary in a derailment that killed three crew members, a union representative said Monday. The westbound freight jumped the tracks

News InsuranceMarkets / Coverages

Fate of this province’s auto reform now in the hands of politicians

February 1, 2019 by David Gambrill

Newfoundland’s auto insurance regulator, the Public Utilities Board (PUB), has tabled a thorough, 186-page report on what ails the province’s auto insurance system – with no recommendations to fix it. The chair of the PUB told the hearings held on

News InsuranceLegal

Insurers disagree over meaning of ‘household’ in policy language

January 29, 2019 by Greg Meckbach

A dispute over what exactly constitutes a “household” in a home insurance policy has reached the Court of Appeal for Ontario. Several members of the Weiner family were sued after a person drowned in 2010 in a vacation home on

News AdjustersClaims

How a different mindset can transform the claims industry

January 25, 2019 by Jason Contant

The claims industry would benefit from shifting their thinking on what it takes for claims professionals to do their jobs, speakers said Wednesday at the Ontario Insurance Adjusters Association’s 2019 Claims Conference in Toronto. Think about an employee with 40

News Insurance

How much of a cost decrease will get your clients to switch carriers?

January 18, 2019 by Jason Contant

More than half (56%) of polled Canadians would switch insurance providers for a savings of $150 or more, according to a new survey from Kanetix.ca, an online comparison site for insurance rates. Almost the same percentage (57%) of the 812

News ClaimsInsurance

Public insurer’s Top 5 fraud cases of 2018

January 9, 2019 by Jason Contant

Manitoba Public Insurance (MPI) has released its annual Top 5 list of insurance fraud cases for 2018. The list is compiled based on the unique circumstances of each fraud, financial savings to MPI ratepayer and “investigative excellence in unearthing the

News ClaimsInsuranceLegal

Lloyd’s disputes claim over diamond-studded statue

January 8, 2019 THE CANADIAN PRESS

VANCOUVER – A major insurance company is fighting back after a British Columbia court required it to make good on a policy covering a gold, diamond-encrusted eagle statue allegedly stolen in Metro Vancouver more than two years ago. The B.C.

News Technology

Uber autonomous vehicle testing resumes in Toronto

December 20, 2018 Ian Bickis - THE CANADIAN PRESS

TORONTO – Uber Technologies Inc. says its self-driving vehicles have returned to the streets of Toronto in a modified program after it halted testing earlier this year when one of its autonomous vehicles struck and killed a pedestrian in Arizona.