Canadian Underwriter

Small business closed due to COVID-19
News Insurance

Why the pandemic hit these Canadian sectors particularly hard

August 16, 2022 by Jason Contant

Hospitality was the sector hardest hit by the pandemic in Canada, but that industry was already challenged with access to capacity prior to both the pandemic and the current hard market, Deloitte said in a recent report. The impacts of

An intersection in Winnipeg at night
News Insurance

Auto insurer seeks fourth consecutive rate decrease

July 20, 2022 by Jason Contant

Manitoba Public Insurance (MPI) is requesting a small average auto insurance rate decrease, its fourth consecutive annual rate-decrease request. It filed a provisional 2023/23 general rate application with Manitoba’s Public Utilities Board last week, requesting an average rate decrease for

Broker negotiating a contract with a client
News Insurance

How broker E&O tracked during the pandemic

June 14, 2022 by Jason Contant

Broker errors and omissions (E&O) claims grew during the pandemic for those who failed to maintain adequate levels of coverage for their clients, a broker E&O specialist says. While home and auto claims were down due to lockdowns, resulting in

Rock climber getting a helping hand.
News InsuranceRisk

Why COVID-19 created opportunities for risk managers

May 19, 2022 Jason Contant

Risk management professionals are gaining a voice in the executive ranks, partially because COVID-19’s helped raise the sector’s profile. “There is now a seat at that table where there never was before,” said Steve Pottle, chairman of the RIMS Canada

Smiling young businesspeople talking during a video conference call
News Insurance

How to attract and retain young workers post-pandemic

May 12, 2022 by Jason Contant

As more employees in the Canadian P&C industry retire and the industry continues to face a talent crunch, some are looking to young workers to fill the gap. New research from the University of Massachusetts Amherst shows that the social

Medical mask on a car mirror
News Insurance

By how much UBI use increased during the pandemic

April 20, 2022 by Jason Contant

Canadian drivers appear to be gravitating toward usage-based insurance (UBI) as the COVID-19 pandemic stretches past its second year. Since 2019, there has been a 40% increase in the number of drivers opting into UBI when filing out a car

Architect and engineer talking on a construction site
News Insurance

Key challenges facing your construction industry clients

April 6, 2022 by Jason Contant

An ongoing labour shortage, exacerbated by the COVID-19 pandemic, is one of the key issues facing the construction industry in general, says the head of risk control with Travelers Canada. “I think the biggest prolonged challenge that comes around, seems

Manufacturing plant
News Insurance

Manufacturers look to budget for help on supply chain problems, domestic production

April 1, 2022 Jordan Press - THE CANADIAN PRESS

OTTAWA – The federal Liberals are being asked to muscle space in next week’s budget to help Canada become more productive, and lay investments to lure new companies as part of a push to simplify pandemic-strained supply chains. For years,

Portrait of african american businesswoman wearing protective face mask standing in modern office.
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How Canada’s P&C industry feels about COVID safety in their offices

March 30, 2022 by David Gambrill

More than seven out of 10 Canadian P&C industry professionals feel protected from COVID in their new hybrid office arrangements, according to an online poll conducted this week by Canadian Underwriter. Over 650 P&C professionals answered CU‘s survey, including brokers,

Traveller waiting for flight in airport
News Insurance

Travel insurance enters new world, as pandemic restrictions ease

March 25, 2022 by Jason Contant

The federal government’s easing of COVID-19 travel restrictions will generally make it easier for travellers to get insurance coverage, since some providers weren’t in the position to offer coverage when travel advisors were at a higher level, travel insurers tell

Calgary, Canada - May 23, 2015: Sunset over Calgary's skyline with the Scotiabank Saddledome in the foreground. The dome with its unique saddle shape is home to the Calgary Flames NHL club, and is one of the oldest professional hockey arenas in North America.
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Calgary Flames sue insurers $125 million for pandemic-related losses

March 23, 2022 by Alyssa DiSabatino

The Calgary Flames have filed a $125-million lawsuit against its insurers to enforce the terms of an all risks insurance policy for “massive losses” due to the COVID-19 pandemic.   The named defendants in the statement of claim filed in

Woman at the airport with Canadian passport
News Insurance

How to navigate travel insurance ahead of March break as pandemic restrictions ease

February 24, 2022 Christopher Reynolds - THE CANADIAN PRESS

MONTREAL – With the Omicron variant in retreat, Canadians looking to get away for spring break now have a more robust range of travel insurance options. The federal government announced last week it will roll back testing and quarantine restrictions