Canadian Underwriter

News Insurance

IBC reveals the latest trends in auto theft

December 8, 2020 by Jason Contant

Electronic auto theft, high-end vehicles stolen for shipment overseas, and street racing are three emerging trends coming out of Insurance Bureau of Canada’s (IBC) list of Top 10 stolen vehicles in 2020. Electronic auto theft is on the rise across

News Insurance

Canadian small businesses ask insurers for more relief

November 11, 2020 by Adam Malik

With commercial insurance premiums on the rise in a number of business classes, and some unable to even find an insurer, a national association representing Canadian small businesses is calling on insurers and provincial governments to do more to ensure

News Insurance

Insurers, collision repairers tout benefits of proposed mandatory certification

October 5, 2020 by Adam Malik

A push to require Ontario collision repair shops to meet minimum standards when repairing vehicles is expected to even out the playing field, make the claims process run more smoothly, help client satisfaction, make roads safer, and potentially bring down

News Insurance

One certifiable way to improve the driver’s claims journey

October 1, 2020 by Adam Malik

Drivers in Ontario can anticipate a smoother claims journey if collision repair shops in the province are certified in the future as expected, according to a pair of experts. Currently, the national trade association that represents collision repairers is in

News Insurance

The collision industry is looking to certify shops. Will that impact auto premiums?

September 29, 2020 by Adam Malik

A push to certify Ontario collision repair shops could impact insurance rates and see premiums come down, says one automotive expert. Whether or not it does, such a move will still positively affect the insurance industry, adds an Insurance Bureau

News Insurance

How the public currently views the insurance industry

August 24, 2020 by Adam Malik

After a sharp drop, people are starting to feel a bit more positive towards the insurance industry. As the COVID-19 pandemic grew, the insurance industry’s image as a whole suffered. But, says a recent report, things are trending upwards once

News Insurance

How high cat losses could go this year

August 4, 2020 by Adam Malik

Alberta has become the epicentre for cat losses this year as combined insured damage could reach, if not exceed, $2 billion in the province alone after multiple natural catastrophes have hit various regions over a four-month span. The calculations come

News Insurance

What the P&C industry must do to fight auto insurance fraud

July 31, 2020 by Adam Malik

Collaboration within the Canadian P&C insurance industry is key to fighting fraud, but this is tricky because of data sharing and privacy concerns. Fraud concerns have become more pronounced during the novel coronavirus pandemic. P&C industry experts have warned that

News Insurance

P&C insurers can handle severe weather events, but for how long?

July 27, 2020 by Adam Malik

Canadian property and casualty insurers should be able to manage well financially for the time being, despite currently dealing with a pandemic and the fourth-most expensive natural catastrophe in the country’s history, says global credit rating agency DBRS Morningstar. However,

News ClaimsInsurance

Why thieves love the older models of Ford pickup trucks

December 5, 2019 by Adam Malik

Ford trucks once again topped the list of most-stolen vehicles in Canada, according to the latest report from Insurance Bureau of Canada (IBC). But the thieves don’t want the new models: it turns out that nine of the 10 most

News Insurance

Which way is winter tire usage trending in Canada?

November 21, 2019 by Adam Malik

Canadians are getting the message when it comes to the importance of driving with winter tires, a new study has found. But Insurance Bureau of Canada warned that more than just strapping them to your car is enough to ensure

News Insurance

What else needs to be paired with the new traffic enforcement plan?

November 18, 2019 by Adam Malik

Toronto’s top cop has admitted that having fewer traffic officers has led to an increase in collisions and deaths on city streets. Insurance industry data backs that up, and Insurance Bureau of Canada (IBC) hopes a concerted effort that includes